The Token Taxonomy Act, which first saw the light of day back in December 2018, has been dusted off and filed again by congressman Warren Davidson. The Token Taxonomy Act aims to take digital assets outside the sphere of general securities and have them regulated in an entirely separate way, a move that would represent the first major amendments to securities laws since the 1940s. Davidson’s previous introductions of the Token Taxonomy Act have not got as far as a vote, but he is trying again under a new president, although the contents of the bill remain unchanged.
A Europol report has revealed that only 1.1% of Bitcoin use is linked to criminal activity, a 94.5% reduction from 2013. This huge shift is due to the emergence in Bitcoin trading in the years since then, but it is not all good news - the report also states that privacy coins, wallets, and other related technology present a “top threat” to law enforcement agencies in Europe and that cyber criminals are getting smarter in how they handle illegally obtained cryptocurrency.
Read the full article at FullyCrypto: https://fullycrypto.com/europol-criminal-activity-represents-1-1-of-bitcoin-use
Many know PlusToken as the Bitcoin-grabbing Ponzi scheme that hoarded $5.8 billion worth of cryptocurrency. However, few have heard of Forsage, yet it might be the reason why the Ethereum price is where it is today, and it could presage a huge crash in the Ethereum price in the near future
Read the full article at FullyCrypto: https://fullycrypto.com/is-the-forsage-scam-keeping-the-ethereum-price-up
Bitcoin SV supporters have hit back at OKCoin after the OKEx partner exchange announced last week that it was delisting the BSV token, alongside Bitcoin Cash (BCH). OKCoin gave two reasons for its dual delisting – firstly it was worried that newcomers could be confused between the different Bitcoins because Bitcoin Cash and Bitcoin SV kept referring to themselves as ‘Bitcoin’, and secondly because of Craig Wright’s recent attempted coup over the Bitcoin name through his legal challenges regarding the Bitcoin whitepaper. While the Bitcoin Cash crowd didn’t really bat an eyelid at the OKCoin delistings, the Bitcoin SV crowd were noticeably upset with the development, but went out of their way to pretend that they weren’t.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-sv-supporters-hit-back-at-okcoin-delisting
DigiByte is one of the coolest crypto communities that we’ve had the pleasure of stumbling upon over the years, and it’s without a doubt that it’s also one of the most generous. So, on the weekend, changeangel, the swap exchange for social good, decided to host a pay it forward promotion, highlighting how amazing DigiByte is.
Read the full article at FullyCrypto: https://fullycrypto.com/digibyte-travelling-around-the-world-thanks-to-changeangel
Christine Lagarde, the President of the European Central Bank (ECB), has said that any digital euro stablecoin would not seek to replace cash but would operate alongside it. Speaking at a virtual meeting of the Franco-German Parliamentary Assembly on Monday, Lagarde stated that the ECB was exploring “the benefits, risks and operational challenges” of a central bank digital currency (CBDC), in the wake of China’s declaration that the new financial paradigm represented a “new battlefield” between nations.
Read the full article at FullyCrypto: https://fullycrypto.com/digital-euro-could-complement-cash-christine-lagarde
Bitcoin has endured an uncertain September due to the performance of the U.S. Dollar Index - the former looks set to end the month over 10.5% down while the latter could end it 2.5% up. Since hitting $12,450 in mid-August, Bitcoin has been downtrending, collapsing in the early part of September and slowly recovering.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-drifts-towards-crucial-resistance-line
Many people in the cryptocurrency space have their own views about when alt season starts and what it looks like. Indeed, we posted our own guide to alt season last week, breaking down the typical flow of money as the cycle progresses. Now one of crypto Twitter’s most celebrated soothsayers, @secretsofcrypto, has posted a handy infographic that breaks a Bitcoin-altcoin cycle down into four phases and illustrates how to spot the transitions…and it’s possibly the best such guide we’ve ever seen.
Read the full article at FullyCrypto: https://fullycrypto.com/secrets-alt-season-guide-is-all-you-need
Elon Musk, the man who has constantly flirted with Bitcoiners over acceptance of the cryptocurrency in a literal or metaphorical sense, many have single-handedly saved its bacon in the short term with a simple change to his Twitter bio and a vague tweet that seemed to reference Bitcoin.
Read the full article at FullyCrypto: https://fullycrypto.com/elon-musk-twitter-bio-change-pumps-bitcoin
FullyCrypto Podcast #17 – Cred’s catastrophe, Feds grab Silk Road Bitcoin, and our Trezor One giveaway
This week, Mark and Alex discuss the Cred catastrophe, how the Feds nicked a billion dollars of Silk Road Bitcoin, and how you can win a Trezor One hardware wallet!