Cryptopia is delisting CryptoForecast

Cryptopia announced its delisting of CryptoForecast on April 28 due to coin platform change
12 April 2018   419

On March 28 Cryptopia has issued a notification of CryptoForecast delisting. CryptoForecast is transitioning from its native omni layer towards ERC-20 token. The reason for that is that OMNI wallet had little market penetration and moreover omni layer is built upon bitcoin and works with it only. Also, with omni layer those exchanges that want to list CFT need an OMNI wallet with additional maintenance effort. And with an ETH wallet exchanges will welcome the listing.

Any users holding CFT coins need to see the email sent from Cryptopia for further information. It is recommended to withdraw the funds from the exchange by April 16 and research the procedure around the swap to ensure the safety and the success of the conversion. The exchange itself is not participating in the swap and whether the new ERC-20 token will be listed is not clear.

Do bear in mind that the network will be dropped prior to the delisting date (April 16th) and Cryptopia may not be able to send funds if the network starts to slow down or drop completely.

 

Excerpt from the Cryptopia notice

CFT developers will accept any questions or concerns regarding the swap. At the moment of publication, CryptoForecast market parameters are as follows

Average price: $0.006176

Market cap: $284,091

US Congressman to Call for Crypto Ban

As reported, Brad Sherman has called for a blanket ban on cryptocurrency buying
19 July 2018   77

American authorities should ban cryptocurrencies and mining. Such a statement on was made by Congressman Brad Sherman during the hearings of the Committee on Financial Services at the US House of Representatives, CoinDesk reports.

According to Sherman, in the future, cryptocurrencies may become a form of money, but at the moment they are used either by rogue states to bypass American sanctions or by individuals to evade taxes.

We should prohibit U.S. persons from buying or mining cryptocurrencies.
 

Brad Sherman

Congressman, US

At the same time, Norbert Mitchel, director of the Data Analysis Center of the Heritage Foundation, noted that the possible use of crypto-currency for criminal purposes should not stain other possibilities of digital currencies.

Yes it is true that criminals have used bitcoin, but it's also true that criminals have used airplanes, computers and automobiles. We shouldn't criminalize any of those instruments simply because criminals used them. Those components I believe are the main barriers to widespread adoption in the U.S.
 

Norbert Mitchel

Director of the Data Analysis Center, Heritage Foundation

As Eswar Prasad, senior professor at Cornell University, said, the existence of cryptocurrencies had the potential to impact the financial services system, particularly the payments system, in positive ways.