Gemini resolved Bitcoin withdrawals issue

Gemini cryptocurrency exchange reported that the issue was solved after having countinuously experienced problems with Bitcoin deposits and withdrawals
09 January 2018   255

In the beginning of January 2018, Gemini, a New York based digital asset exchange and custodian that allows customers to buy, sell, and store digital assets, has several times reported having issues with Bitcoin deposits and withdrawals.

The problems were related to a delay in block mining on the Bitcoin Network, and the users of the exchange were not able to deposit or withdraw money, while the exchange stated that all customers' assets remained secure, and the network recovery was expected soon.

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

  • Average price: $15 370,30
  • Marketcap: $258 086 934 132
  • 24h volume: $18 602 400 000

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   78

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.