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Updated Dec 18, 2020 at 10:48 a.m. UTC CFTC’s Latest Crypto Primer Highlights DeFi, Governance Decentralized finance (DeFi) and crypto governance are among a growing list of topics the Commodity Futures Trading Commission (CFTC) is watching in the digital asset space, the CFTC said in a new primer.  The regulatory agency published the primer Thursday as part of an ongoing effort to understand and explain the crypto industry. The primer isn’t intended to create policy, but to inform or educ...

Bitcoin Drops Nearly 7% After Setting New Record High of $23,770 Bitcoin price over 24 hours (CoinDesk 20) Updated Dec 17, 2020 at 4:35 p.m. UTC Bitcoin Drops Nearly 7% After Setting New Record High of $23,770 Bitcoin surged to new record highs above $23,000 earlier on Thursday, before quickly falling back by over $1,500. The cryptocurrency dropped from the all-time high of $23,770 to $22,185 in the roughly 30 minutes to 09:45 UTC – a 6.67% drop, according to the CoinDesk 20. Prices rose by ...

Updated Dec 15, 2020 at 11:46 p.m. UTC Ripple Board Lands JPMorgan Veteran and Regulatory Expert Sandie O’Connor Sandie O’Connor, the former chief regulatory affairs officer for JPMorgan Chase,  is joining Ripple’s board of directors, the company announced Tuesday.  O’Connor will provide counsel on “government relations and regulatory initiatives” for the company’s next phase as Ripple expands and seeks regulatory clarity in the United States, it said.  The announcement comes a...

Riot to Test Immersion Cooling Bitcoin Mining Technology in Texas Riot Blockchain and bitcoin percentage gains (2019-2020) Updated Dec 15, 2020 at 5:32 p.m. UTC Riot to Test Immersion Cooling Bitcoin Mining Technology in Texas Nasdaq-listed bitcoin mining company Riot Blockchain (RIOT) is piloting new liquid cooling technology for mining hardware in Texas to test solutions for effective mining in difficult temperature environments. Riot is launching an 8-megawatt immersion technology testing in...

Updated Dec 11, 2020 at 7:06 p.m. UTC Aegis Custody Clears Hurdle in Bid for South Dakota Trust Charter Digital asset custodian Aegis Custody has received the South Dakota Division of Banking’s blessing to start forming a trust company in the state. The full-service digital asset shop must clear a series of minor regulatory hurdles before it can secure the trust charter necessary to do business, President Michael McCarty said. He said the process would likely wrap up in weeks. Once it does, ...

Bitcoin ‘Making Progress’ on Bid to Oust Dollar, Morgan Stanley Chief Global Strategist Says Morgan Stanley Investment Management’s Chief Global Strategist Ruchir Sharma waxed bullish on bitcoin’s potential to usurp the U.S. dollar for payments in a Wednesday Financial Times op-ed. “Today, most bitcoins are held as an investment, not used to pay bills, but that is changing,” Sharma wrote. He cited increasing BTC (BTC, -0.52%) usage in small pockets of international trade and Pay...