As we're all enjoying the ongoing BTC pump with the main cryptocurrency hovering above $4,200 mark on VHCEx as of this writing, our team has brought to you the fresh update on what has been happening in the crypto market in the last week. We're also very grateful to you for refollowing us on Twitter after the recent malfunction of the network, we see that more than 1,500 of you have refollowed us after the announcement we've published. Thank you, guys. Now, coming to the news.
Twitch removes Bitcoin as payment for subscriptions
On March 25th, a Redditor reported the removal of Bitcoin payment on streaming platform Twitch. The cause could be due to the scalability problem.
LocalBitcoins will be supervised by the Financial Supervisory Authority of Finland
On March 25th, LocalBitcoins announced the change of their policies to comply with Finland AML laws. The platform has recently launched a new account registration process and will soon develop a more efficient method to verify accounts.
Yahoo-backed crypto exchange, Taotao will start trading in May
According to Cointelegraph, Taotao, which is owned 40% by Yahoo!Japan will initially start trading with ETH, BTC. Later on, the exchange plans to add margin position for another three coins: LTC, BCH, and XRP. At the moment, users can already sign up to participate in the current giveaway campaign.
Rakuten confirmed the launch of their crypto exchange
In the recent press release, Rakuten Wallet has finished its registration with Kanto Local Finance Bureau and is expected to start trading in next month.
Bakkt delayed due to CFTC concern about client Bitcoin custody
According to WSJ, the CFTC has raised a concern about its Bitcoin client custody. The post also states that Bakkt needs to take additional steps to comply with CFTC rules and “require disclosures of the venture’s business plan and a public comment period”
Mt.Gox refunds are coming
According to a Reddit post, a Mt.Gox investor announced the approval of Mt.Gox refunds. Additionally, another comment in the post also confirms the refund. However, it is unknown whether Mt.Gox refunds the investors in fiat or BTC or in both.
Canada lawmakers proposed a ban on crypto short selling and margin trading
The Canadian Securities Administrators and IIROC have proposed a framework on banning shorting and margin trading for digital assets. The framework states that “To reduce the risks of potentially manipulative or deceptive activities, in the near term, we propose that Platforms not permit dark trading or short selling activities, or extend margin to their participants.”. If approved, the ban may causes a certain affect on the current BTC direction.
BNB holders may get launchpad VIP access
A recent tweet by CZ has stated that Binance is thinking about the possibility for BNB holders to get VIP access to Binance Launchpad.