BitBay Mobile Wallet App to be Released

The Mobile version of Bitbay Wallet App will be released on February 14, 2018, including multisignature account capabilities and advanced timelock payment options
14 February 2018   1625

BitBay is a decentralized marketplace, which aims to enable users to buy and sell goods and services securely and anonymously, without the need for middlemen.

According to the roadmap of BitBay, the Mobile version of its Wallet application will be released on February 14, 2018. It is worth reminding that the simplified web wallet of Bitbay was released on November 27, 2017.

BitBay Roadmap fragmentBitBay Roadmap Fragment

Initially, the mobile app was scheduled to be released in Q1 of 2018, becoming the first mobile app wallet in the industry with multisignature account capabilities and advanced timelock payment options.

Once the mobile app and bitmessage server are released, BitBay will begin the development of a web based mobile marketplace, making it a simplified version of BitBay's Client’s marketplace.

At the moment of press, these are main market parameters of BitBay:

Average price: $0,073853
Market cap: $74 576 252
24h volume: $555 339

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   71

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.