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year ago, Joe Lubin seemed like one of the most prescient people on the planet. Cryptocurrencies like ether were in the midst of a hockey-stick ascent, and Lubin, a cofounder of the Ethereum blockchain and one of its most articulate pitchmen, was scheduled to speak at events from Davos to SXSW. At his firm’s “Ethereal Summits,” it was standing room only, with crowds hanging onto his every utterance, no matter how bizarre…………….
Source: Cryptopia In Crisis: Joe Lubin’s Ethereum Experiment Is A Mess. How Long Will He Prop It Up?
A company that offers the service of converting crypto to fiat in the form of luxury goods is reported to record a staggering amount of transactions. Elizabeth White, the founder and CEO of The White Company that offers the service admitted in an interview that her company records $250 million worth of transactions during the ongoing bear market. She said that the fear of “a crypto doom” has led many crypto owners, most of which are millionaires even billionaires to turn to her company’s one-of-a-kind services, as reported by BTC Wires…………..
Source: Firm that helps people buy luxury goods with crypto records $250M transactions
United States Congressman, Darren Soto (D-Fla) has reportedly said that the issue of crypto regulation should be left to the jurisdiction of the U.S Commodity Futures Trading Commission, rather than the almighty Securities and Exchange Commission (SEC), reported Cheddar on January 10, 2019.While the SEC has been actively overseeing the U.S. cryptocurrency space, hunting down projects that go against its statutes, Representative Darren Michael Soto, an American attorney and congressman, has argued that the former should leave matters concerning cryptocurrencies to the CFTC and instead, focus solely on securities regulation.
Source: Rep Soto: Cryptocurrency Regulation Belongs to the CFTC not the SEC | BTCMANAGER
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