Today’s news:
- Bitcoin gaining today after two straight days of declines, up 1.3 percent to around $8,800.
- The Block reports Grayscale Investments, a unit of Digital Currency Group, which is the owner of CoinDesk, raised more than $600 million from investors last year. And that’s up from 66 percent in 2018.
- The Libra Association, working under the auspices of Facebook to create a digital currency, has designated the leadership of a committee that will coordinate the token’s proposed design.
- And crypto tax legislation is getting a new life in the U.S. Congress.
- Some investors at a crypto conference this week in Switzerland say the U.S. may be entering a new cold war with China – over the future of money.
- Back in North America, The Block reports most Canadian crypto exchanges will likely fall under the country’s securities laws following new guidance published Thursday.
- And just a day after reports emerged that the Malta-based crypto exchange Binance will soon restrict access to Japanese residents, the exchange now says it’s eyeing the launch of a new trading platform for the Asian market.
- Patrick McDonnell, 47, was sentenced to 33 months in prison on Thursday and ordered to pay $224,352 to victims, according to the U.S. Attorney’s Office for the Eastern District of New York.
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
https://www.coindesk.com/crypto-news-roundup-for-jan-17-2020
