Monday - Oklahoma Lawmaker Proposes a Central Depository for Digital Currencies
A lawmaker in the U.S. state of Oklahoma has proposed creating a state-chartered financial institution that, if approved, would serve as "the central depository for virtual currency used by governmental agencies in this state".
Tuesday - Peter Schiff Loses His Bitcoin Holdings
Peter Schiff, an outspoken crypto critic and gold maximalist, has shared the fact he has lost access to his Bitcoin wallet. Schiff didn't mince words on his official twitter account, saying "I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad!"
Wednesday - New Crypto Casino to Support Petro?
The president of Venezuela, Nicolas Maduro, has announced the latest measure in getting the country's digital currency, Petro, off the ground by starting a crypto casino. The move has been met with stiffed laughs as the country's economic state has reduced the incomes of the majority of population to barely cover basic necessities let alone have expendable income for gambling. However, the casino it to be located in the Ávila National Park’s Hotel Humboldt and its proceeds are to be used to fund health and education.
Thursday - Petro Sell-Off at Half-Price on LocalBitcoin
It would appear that the recent airdrop of Venezuela's cryptocurrency pegged to oil, Petro, has once again proven to be a fail, as the citizens decide to sell their coins for half the price on LocalBitcoin. While the Venezuelan government tried to fix the value of one Petro at USD60, it is reportedly going for half the price, as the people try to get their hands on the country's fiat currency, making it easier to buy food and other necessities, as well as paying bills etc.
Friday - Disgruntled Employee Steals BTC from Vipstarcoin
A former employee of Vipstar blockchain project and his accomplice have been arrested by the Tokyo police under the suspicion of defrauding the said company of several hundred thousand dollars in BTC. The suspects have allegedly gained access to a trading account Vipstar was managing using the former employees credential and have managed to illegally secure more than USD700k for themselves. The suspects have confessed to the crime, with the former employee claiming he was trying to ruing the company.
Saturday - Hawaii to Approve Crypto Custody Services?
The U.S. state of Hawaii has seen a bill authorizing banks to hold digital assets in their custody pass the first reading in the country's State Senate. The bill, introduced by five state senators, has been presented on January 17th and has now, after passing its first reading, been referred to the committees on Judiciary and Commerce, and Consumer Protection and Health. The bill outlines the conditions under which a bank would be allowed to provide digital asset custody services, as well as "the safekeeping and management of customer currency and digital assets through the exercise of fiduciary and trust powers under this section as a custodian and includes fund administration and the execution of customer instructions.”
Sunday - BCH Pools To Implement Miner "Tax"
A new “infrastructure funding plan”, proposed by several Bitcoin Cash proponents, including the CEO of Bitcoin.com, Roger Ver, and the CEO of the Chinese mining hardware manufacturer Bitmain, Jihan Wu, is set to see crypto minerst "donate" 12,5% of the block rewards to an entity that would in turn use them to promote the currency. The proposition would launch in May 2020 and run for an initial test period of 6 months, during which its advocates expect it to secure more than USD6M in funding. The proposition has already met criticism from the community, focusing on the implied centralization as well as the jurisdiction the entity would be running - Hong Kong - as being to close to the influence of the Chinese government.