US Senate gives cryptocurrencies green light

US Government approves SEC's anti-fraud but pro-cryptocurrency stance during yesterday's hearing
07 February 2018   272

Yesterday's hearing has been a hot topic among the crypto community for the past several days. Everyone feared new laws and regulations being passed to further choke down the market. But fear not, SEC Chairman Jay Clayton spoke in favor of digital currency market and is firmly on the side of progress, it seems.

All the while talking about the crypto world, he separated the topic into three categories:

  • cryptocurrencies themselves, comparing them to fiat currencies, but with their own defining characteristics;

  • blockchain technology as an underlying principle of distributed ledger, which doesn't have to necessarily be associated with digital currencies alone and can be a driving force of progressive development of a more open economy;

  • ICOs, which have a lot in common with a stock offering or commodity trading, so most of the regulatory focus should be put on those to prevent fraud and to protect mainstream investors.

The other prominent figure of the hearing was CFTC Chairman J. Christopher Giancarlo. The opening of his speech holds a lot of promise for the cryptocurrency market, because he openly admitted to recognize not only the growing interest of the younger generation towards Bitcoin and other digital currencies, but also sees its value as a value storage medium. Even the ever-popular term HODL came up in this discussion to further cement the point about the general investors' view of their digital currencies assets.

Both Clayton and Giancarlo made a specific accent on not asking for any more restrictive laws to be passed, but to put more effort into security and fraud prevention, so the general populace wouldn't have to fear about scam while entering the new market.

The Senate agreed on a lot of points with both of them, so for now the markets are out of hot waters, it seems. They even responded with a sudden rise of $83 billion in total capitalizations and ending the yesterday's dip for practically every coin across the board.

Bitcoin White to Release iOS and MacOS Wallet

According to the roadmap of Bitcoin White, the wallet for iOS and Mac OS will be released on February 19, 2018
19 February 2018   76

Bitcoin White is a flexible and decentralized application platform designed to lower the threshold for developers. Using JavaScript as the programming language and relational database to store data, Bitcoin White is increasing the similarities between developing a DAPP and a traditional web application.

Bitcoin White team has already developed and released the version of its wallet for Windows, Linux and Android. According to the roadmap of Bitcoin White, the wallet for iOS and Mac OS will be released on February 19, 2018.

 Bitcoin White Roadmap
Bitcoin White Roadmap Fragment

The features of the wallet include asset management, account information, setting an additional password, blocking the account by block, and internal blockchain list of transactions.

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

Average price: $0,184621
24h volume: $48 806