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Cryptocurrency Daily Roundup - March.20


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

Former U.S. CFTC Chairman Calls to strengthen Crypto Regulations

Former Chairman of the U.S. Commodity Futures Trading Commission or CFTC and Harvard University fellow, Timothy Massad, called for strong cryptocurrency regulations. In a report published as part of The Brookings Institution's Economic Studies program, he noted that both the Securities and Exchange Commission and the CFTC has some authority over crypto-assets, but neither has sufficient jurisdiction, nor do they together.

QuadrigaCX Co-Founder Michael Patryn Reportedly Holds Criminal Past

Michael Patryn, who co-founded Canadian crypto exchange QuadrigaCX along with the deceased CEO Gerald Cotten, was involved earlier in criminal activities in the United States with a different name, Bloomberg reported. The surviving founder of the troubled crypto exchange was earlier known as Omar Dhanani, who was sentenced for 18 months in U.S. federal prison for identity theft related to a bank-and-credit card scam, the report says. He was later deported to Canada, where he reinvented himself as a Bitcoin entrepreneur.

Digital Asset names co-founder Yuval Rooz new CEO

Digital Asset, the creators of DAML and a provider of Distributed Ledger Technology (DLT) solutions, appointed its co-founder Yuval Rooz as the company's new chief executive officer. He replaces AG Gangadhar, who has been acting as CEO since the firm's iconic leader Blythe Masters quit in December. Rooz has been serving as the Chief Financial Officer and Chief Operating Officer of the company from 2014.

Binance launches Cash-to-Crypto Service through Newsagents in Australia

Binance, the world's largest cryptocurrency exchange by market capitalization, launched a new fiat-to-crypto brokerage service platform called BinanceLite in Australia to boost the use of cryptocurrencies such as Bitcoin (BTC) in the country. People in Australia can now use the Binance Lite platform to buy Bitcoin against Australian Dollar in cash through a network of more than 1,300 Blueshyft-powered supported Newsagents across Australia.

Swiss online retailer Digitec Galaxus to accept cryptocurrency payments

The online retailer tarted accepting cryptocurrencies as payment at their two online stores. The company operates the digitec and Galaxus online shops as well as ten stores in the German- and French-speaking parts of Switzerland. Customers can now make their online payments using Bitcoin, Bitcoin Cash ABC, Bitcoin Cash SV, Ethereum, Ripple (XRP), Binance Coin, Litecoin, TRON, NEO or OmiseGO for all purchases totaling more than 200 Swiss francs.

Current Prices

As of this writing, Bitcoin is nearing the $4000 mark by gaining 0.43 percent or $17.08 at $3997.89 on Coinbase. Ethereum is trading up 0.03 percent or $0.04 at $137.58.

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