North America: Crypto and Blockchain News Roundup 13 May to 19th May, 2019

North America: Crypto and Blockchain News Roundup 13 May to 19th May, 2019



North America: Crypto and Blockchain News Roundup 13 May to 19th May, 2019

North America

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

USA

Coinbase CEO proposes crypto debit card in USA: Coinbase CEO Brian Armstrong in a recent Live Youtube AMA channel suggested the idea of a crypto debit card in USA and said that his company wished to launch it in the country despite giving no final date of release. 

The card will reportedly allow users to carry out both online and in-store transactions using their crypto balances. 

Armstrong said:

“The most important thing to understand about the cryptoeconomy is that we’re not simply righting the wrongs of Finance 1.0. We’re creating an entirely new way to access financial services”.

Any crypto projects in USA are challenging due to the overbearing attitude of SEC and CFTC federal agencies towards the new sector. 

2020 Presidential candidate Andrew Yang Calls himself a friend of crypto: Democratic presidential candidate Andrew Yang has once again stressed the importance of the crypto sector at Consensus 19 and even gone on to say that he is a “friendy of crypto”. 

Previously, another communique from his campaign was also shared with the public which was a policy statement on crypto regulations in the country. 

Bank of America CTO says no use case of blockchain yet: Bank of America’s Chief Technical Officer (CTO) Catherine Bessant has poured cold water on blockchain adoption in the financial institution as she claimed that there was no use case of blockchain yet. She made these comments during a recent interview with Bloomberg. 

Bessant while acknowledging the fury and sound of blockchain said that a use case was yet to be seen for the banking sector. 

Crypto influencer John McAfee “Goes Dark”: John McAfee, the eccentric bitcoin billionaire and evangelist’s twitter account has said stated that he is “going dark” and the account will now be operated by his staff instead. McAfee recently announced that he was on the run from the law after he refused to pay taxes and fled to international waters. 

However, the recent attempts haven’t stopped him from pursuing crypto ventures further with him announcing his own line of crypto debit cards and crypto learning app. However, even with going dark, McAfee will probably remain in the crypto scene very much. 

SEC schedules crypto moot but industry leaders are skeptic: The US Securities and Exchange Commission (SEC) has invited industry leaders and professionals from around the country in a crypto meet to help start better communication and ask their opinions on regulations. 

Interestingly, the industry insiders are not that keen in joining the meetup that is scheduled for 31st May. Many believe that it is typical lip service by the federal agency to address the plight of the industry in the country. 

CBS 60 minutes to feature Anderson Cooper and bitcoin pizza guy:  Laszlo Hanyecz, the bitcoin pizza guy who purchased two pizza for 10,0000 BTC 9 years back will be put under the microscope in 60 minutes with host Anderson Cooper. One of the first recorded payments with Bitcoin, the current valuation for his payment stands at a whopping $75 million. 

While everyone feels regret in that, Hanyecz is actually not that regretful and is content with his life. 

Canada

Exchanges opposing new regulations passed by the government: New regulations by the Canadian government are being opposed by Kraken and other crypto exchanges operating in the country. In a twitter post, Kraken protested the decision reached between Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC). 

With exchanges being increasingly put under the microscope, the future has a bumpy road for crypto in the country. 

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