Top Stories This Week
Apple Co-Founder Very Bullish On Bitcoin As The Only “Pure” Cryptocurrency
Steve Wozniak said[1] this week that he sees “only Bitcoin [as] pure digital gold,” echoing previous comments by Twitter CEO Jack Dorsey about Bitcoin becoming the “single” currency of both the internet and the world. According to Wozniak, all other cryptocurrencies give up some aspects of Bitcoin that makes Bitcoin a unique asset class.
SEC Chairman Jay Clayton Believes Bitcoin Is Not A Security
After months of uncertainty coming from the SEC over cryptocurrency and ICO regulation, the SEC chairman Jay Clayton said[2] during a CNBC interview that Bitcoin is not a security because it acts as a sovereign currency able to replace the dollar, euro, yen, etc. However, Clayton strongly implied that digital assets and their offerings will be regulated as trading of securities.
Coinbase To Become SEC-Regulated Broker After Latest Acquisition
Major US crypto exchange and wallet Coinbase has begun[3] the process to become an SEC-regulated broker dealer by acquiring securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., and Digital Wealth LLC. If approved, these acquisitions will enable Coinbase to expand to other non-crypto financial products, as well as offer blockchain-based securities.
John McAfee Announces 2020 Bid To Be Crypto-Friendly President
John McAfee — who last week tweeted about the creation of his own crypto-backed fiat currency — will be running[4] for president in the 2020 US elections with either the Libertarian Party or a new party of his creation. McAfee tweeted this week his run will “provide the ultimate platform” for the crypto community.
Fifth Largest Cryptocurrency EOS Begins Mainnet Launch
