The top news in the last 24 hours are shown below:
Hedge Fund CIO Says Wall Street Is In a Chicken Race With Cryptocurrency Adoption
Paul discussed the main barriers to institutional adoption of cryptocurrencies. He argued that the current bear market has prompted Wall Street to adopt a “wait-and-see” stance towards the burgeoning asset class – akin to that of a chicken race. Moreover, Paul suggested that financial institutions have three main viewpoints when it comes to cryptocurrency. First and foremost, he noted that there is a marked “venture capital mindset” which is mostly concerned with whether institutional investments can capture additional value creation through early-stage adoption, as opposed to later-stage investments.
Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market
Bitcoin and many other digital assets have lost more than 80 per cent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the most extended bear markets in crypto history.
Wyoming Senate Passes Bill Recognizing Cryptocurrency as Money
The Senate of the U.S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same regulations as money in the state.
Australia’s Financial Intelligence Agency Registers 246 Bitcoin Exchanges
The Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a critical step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved.
Anarchapulco Returns Promoting Freedom and Cryptocurrencies
On Feb. 14-17, 2019 the fifth annual Anarchapulco conference, dubbed “Life Unchained,” will be hosted in Acapulco Mexico. During previous Anarchapulco events, the pro-freedom and liberty event dedicated a whole day to blockchain innovation and cryptocurrency solutions, but this year all four days will have a devoted focus on digital currencies.