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Cryptocurrency Daily Roundup - Jan.8


A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

crypto assets do not pose risks to financial stability: Reserve Bank of India

The Reserve Bank of India (RBI) in a report said cryptocurrencies such as Bitcoin and other crypto-assets currently do not pose risks to global financial stability. This was revealed in a document published by the RBI recently titled "Report on Trend and Progress of Banking in India 2017-18." Although not banned by law, cryptocurrency trading has been subject to tight scrutiny in India, which is yet to form a legal framework for cryptocurrencies.

Winklevosses Back Bitcoin, Say Committed To Make Bitcoin ETF A Reality

Internet entrepreneur twins Cameron and Tyler Winklevoss, the founders of digital asset platform Gemini, backed their strong support for major cryptocurrency Bitcoin. During an Ask Me Anything or AMA session on the discussion website Reddit, the Winklevoss brothers, who are believed to hold a large amount of bitcoin, said that they are committed as ever to make an exchange-traded fund or ETF a reality.

Bill to Exempt Cryptocurrencies from Securities Laws introduced in Colorado

A Bill to exempt cryptocurrencies and certain digital tokens has been introduced in the Colorado Senate. The move is aimed to remove "regulatory uncertainty" that could hold back firms offering marketplaces for tokens and others aiming to fundraise using crypto assets. Currently, companies that seek to issue, buy, sell or transfer digital tokens with a consumptive purpose face regulatory uncertainty under Colorado's current securities laws.

Nevada Issues Marriage Certificates on Ethereum Blockchain

In Nevada, certain counties are using blockchain technology in government programs to store records like birth and marriage certificates. The Reno Gazette-Journal reported that Washoe County has issued about 950 secure digital marriage certificates saved on a blockchain as of December. The first blockchain marriage certificate in the county was issued in April 2018. Anyone who gets married in the county will now get to view and send a digital version of their marriage certificate from their home computers or smartphones.

Samourai Wallet Removing Certain Privacy Features after Google's rejection

Bitcoin wallet provider Samourai Wallet is forced to remove certain important privacy features from their app in order to maintain continuance of the app on its digital distribution service Google Play. Samourai Wallet decided to temporarily disable Stealth Mode, Remote SMS Commands, and SIM Switch Defense features due to the restrictive Google Play Store policies. Google has been advocating certain levels of transparency for third-party add-ons since last year.

Ethereum Foundation pledges $5 Mln Grant to Parity Technologies

The Ethereum Foundation announced a grant of $5 million to Parity Technologies to support building the blockchain network's next iteration, Ethereum 2.0. The grant is given to Parity to raise the technical bar and focus on next generation advancements like proof-of-stake, sharding and WebAssembly, the Foundation said on its blog.

Current Prices

As of this writing, Bitcoin is trading up 0.84 percent or $34.15 at $4058.04 on Coinbase. Ethereum is down 0.70 percent or $1.07 to $151.88.

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