InCoin Eng (crypto news)

2021-02-15 15:12:03 SEC Commissioner: Clear regulation of cryptocurrencies needed sooner

The adoption of bitcoin by large companies requires clear regulatory rules to be implemented as soon as possible, SEC Commissioner Hester Pierce told Reuters in an interview.

In her opinion, the authorities should create regulations for the cryptocurrency industry that would allow it to flourish.

Earlier, the oldest bank in the United States, The Bank of New York Mellon, announced that it would expand its list of services with operations with bitcoin and other digital assets. Pearce noted that this adds urgency to the regulatory issue.

In December 2020, the SEC commissioner questioned the ability of the current regulatory framework to adjust to cryptocurrencies and called for a more innovative approach.

That same month, Pearce said regulators should abandon redundant rules for the industry and the decentralized finance sector. Open / Comment

2021-02-14 18:09:02 American sues T-Mobile for loss of $450,000 as a result of SIM-swapping

SIM-swapping is account hacking through SIM card swapping.

California resident Calvin Cheng filed a lawsuit in New York court after losing a large sum of money.

According to Cheng, in May 2020, he received a message on Telegram messenger from Iterative Capital investment fund co-founder Brandon Buchanan's number. He offered a higher price for 15 BTC.

Chang wired BTC to the specified wallet, which he thought was controlled by the fund, but the money for the bitcoins never arrived. Chang estimated the loss at $450,000. Previously, he had purchased BTC by negotiating via Telegram and using an exchange operated by the fund.

A couple of days later, Buchanan notified customers that his accounts had been compromised via SIM-swapping. The Iterative co-founder used T-Mobile's services.According to Chang, the company breached its obligation to protect customers' personal and financial information. Open / Comment

2021-02-14 14:31:02 Bitcoin Cash rose by 23% to $712

Today, the cryptocurrency community is discussing the sharp and unexpected jump in the value of Bitcoin Cash (BCH).

At the time of writing, Bitcoin Cash (BCH) is up 22.83%, pushing the cryptocurrency price to $712, the highest since mid-2018.

BCH has great potential to become a digital money leader; it is currently undervalued and has a team that is open to good ideas and advice.

As for the rise in the price of BCH, it is partly supported by the growth of bitcoin, which traditionally pulls the entire crypto market.

In addition, we are dealing with the usual pattern of dumping and dumping, where the price of a crypto-asset quickly increases in value due to purchases by individual or a group of investors, a small part of which sells the coin at the peak and gets a big profit. The rest of the investors incur losses, getting sometimes quite useless digital currency with no real use and losses. Open / Comment

2021-02-13 21:04:01 SatoshiStreetBets reddit group launches its SAS token

Sabreddit group SatoshiStreetBets, which is positioning itself as "the crypto version of WallStreetBets," is preparing to launch its own token for members.

SatoshiSwap (SAS) tokens will be distributed based on members' votes. Also, will be launched on the Sushiswap and Uniswap exchanges and distributed to liquidity providers.

The tentative launch time for the token is February, no specific date yet.

SatoshiStreetBets moderator u/little-eagle described several reasons for creating the token:

"The Decentralized Exchange Marketplace (DEX) is shaping up to be wildly successful and profitable. However, there are glaring problems that need to be solved - high gas prices, scalability issues, lack of interoperability, lack of margin trading, etc. We can make a difference and offer our own fresh perspectives." Open / Comment

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2021-02-12 19:23:01 Dogecoin founder worth $8.6 billion sold the entire cryptocurrency in 2015 for a "used Honda Civic"

One of the creators of the cryptocurrency Dogecoin told what he did with the tokens he owned. Billy Markus sold his DOGE coins in 2015 for the equivalent of a used Honda Civic car.

According to Markus, he left the project he created with Jackson Palmer in 2015, two years after its launch. The developer left the direction because of harassment from the online community and censure about the direction of the project. In the same year, Marcus faced financial difficulties due to job loss, so he decided to sell the tokens he owned as a founder.

I gave away and sold all of my cryptocurrency in 2015 after I was laid off and because of concerns about melting savings. The proceeds were enough to buy a used Honda Civic. Open / Comment

2021-02-12 17:11:01 New York City could become a bitcoin hub

If Andrew Young wins the election for mayor of New York City, he promises to make this metropolis a platform for the mass use of bitcoin within the city. The politician wrote this on Twitter.

As a reminder, Young is on the list of ardent supporters of the largest digital currency. During the last election campaign, he tried to run for the Democratic Party nomination.

However, Young subsequently dropped out of the race. He is known for having previously repeatedly pointed to the need for early implementation of crypto-regulation.

Now Andrew Young will try to become the head of one of the largest American cities. On his Twitter page, the politician stressed that he wanted to make New York a kind of hub for bitcoin. Open / Comment