Cryptopia is delisting GoldReserve

Cryptopia exchange is set to delist GoldReserve on April 29 due to the transition of token platform
12 April 2018   491

Cryptopia exchange has issued a notice of the delisting of GoldReserve's XGR. The last day of the token on the exchange is set to April 29. The reason of the delisting is that XGR transitioning to an ERC-20 token standard. Unfortunately, the exchange has not been properly notified about this change in advance and the communication with the project is not clear. XGR holders are strongly advised to be cautious and investigate the developers' plans on the coin.

For ensuring safety and accessibility of the coin after the removal users are also advised to withdraw their funds immediately (as of March 29). The swap research is highly recommended.

XGR changed to be an ERC-20 token on the Ethereum Blockchain. There is a swap page (fork.goldreservecoin.com) where you can swap all the coins you have.

 

Excerpt from XGR developer's message

Cryptopia is not part of the swap and thus further details on whether the ERC-20 version of XGR will be listed is not clear. At the moment of publication, the GoldReserve market characteristics are as follows

Average price: $0.017326

Market cap: $297,506

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.