Bitcoin Global News
(BGN)
June U.S. Cryptocurrency
Recap
Summer put cryptocurrency in the
hot seat. Several U.S. regulation related events, along with
involvement from Facebook and Stanford University highlight the
growing knowledge of the space.
Supreme Court acknowledges
Bitcoin
In Wisconsin Central Ltd. v. United
States, Supreme Court Justice Stephen Breyer comments of the
changing definition of money over the course of history,
emphasizing Bitcoin’s influence: “Perhaps one day employees will be
paid in Bitcoin or some other type of cryptocurrency… Nothing in
the statute suggests the meaning of this provision should be
trapped in a monetary time warp, forever limited to those forms of
money commonly used in the 1930’s.”
Federal Reserve Bank of St.
Louis Adds Crypto Data
Federal Reserve Economic Data
(FRED) added four cryptocurrencies to their historical price
database, drawing the data from the Coinbase Index: Bitcoin,
Bitcoin Cash, Ethereum, and Litecoin. The prices are updated daily
and span from as early as 2014 to the present.
SEC Corporate Finance Director
- ETH Not a Security
William Hinman, director of the
SEC’s division of corporate finance, said that, “putting aside the
fundraising that accompanied the creation of Ether, based on my
understanding of the present state of Ether, the Ethereum network
and its decentralized structure, current offers and sales of Ether
are not securities transactions.”
Stanford Launches
Blockchain Research Center
In collaboration with Ethereum
Foundation, Stanford hopes to lead the way in blockchain technology
development. The operation is run by Dan Boneh and David Mazieres,
aiming to “support the thriving ecosystem by developing new
technologies needed to advance the field.”
Federal Employees Must
Identify Crypto Holdings
House Ethics Committee now states
that employees who work in the executive branch who own crypto must
disclose it. The disclosure rules are for those who own more than
$1,000 worth at the end of the reporting period, or if income
produced during that time exceeded $200.
Facebook Lifts Crypto Ad
Ban
Facebook updated its policy to
allow ads for crypto and related content. Advertisers will need to
submit an application for approval and the company will continue to
prohibit ads that “promote binary options and initial coin
offerings.”
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Blockchain
Cryptocurrencies