🗞 Daily Crypto News, January 5th 💰

• Texas Regulator Orders Bitconnect to Cease and Desist Marketing ‘Securities’;
• Coinbase Rejects Ripple Integration Rumors, Currency’s Market Cap Drops $22 Billion
• Zuckerburg to Study Cryptocurrency in Quest to Decentralize Facebook
• AMA Incubator Invests $10 Million in Blockchain Health Startup
• French Entrepreneur’s Case to Overturn the Bitlicense Dismissed

🗞 Texas Regulator Orders Bitconnect to Cease and Desist Marketing ‘Securities’

The Texas Securities Commissioner issued an Emergency Cease and Desist Order on Jan. 4 against Bitconnect for the selling of unlicensed securities. According to the Texas State Securities Board news release:

“The Securities Commissioner found that the BitConnect investments are securities, but were not registered as required by the Texas Securities Act and State Securities Board Rules and Regulations. In addition, the company is not registered to sell securities in Texas.”

Read more & Source: https://cointelegraph.com/news/texas-regulator-orders-bitconnect-to-cease-and-desist-marketing-securities

🗞 Coinbase Rejects Ripple Integration Rumors, Currency’s Market Cap Drops $22 Billion

CEO Brian Armstrong firmly stated that neither Coinbase and GDAX have made a decision to integrate any cryptocurrency or digital asset in the short-term. The company said in a blog post:

“A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework. These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions.

As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

Read more & Source: https://cointelegraph.com/news/coinbase-rejects-ripple-integration-rumors-currencys-market-cap-drops-22-billion

🗞 Zuckerburg to Study Cryptocurrency in Quest to Decentralize Facebook

"There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralized systems and put it back into people's hands...I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services."

Read more & Source: https://www.coindesk.com/zuckerburg-study-cryptocurrency-quest-decentralize-facebook/

🗞 AMA Incubator Invests $10 Million in Blockchain Health Startup

James Madara, the AMA’s chief executive, said the healthcare field should adopt technologies which could change existing systems.

"The data liquidity problem that physicians and other healthcare stakeholders currently face needs to be solved because it's one of the biggest barriers to improving the patient-physician relationship."

Read more & Source: https://www.coindesk.com/ama-incubator-invests-10-million-blockchain-health-startup/

🗞 French Entrepreneur’s Case to Overturn the Bitlicense Dismissed

This week the longstanding New York Supreme Court case involving the state’s Bitlicense was dismissed. The lone bitcoin entrepreneur, Theo Chino, who has been fighting in court for years, relentlessly trying to get the regulatory framework created by Ben Lawsky overturned, says he will appeal the decision.

Read more & Source: https://news.bitcoin.com/french-entrepreneurs-case-to-overturn-the-bitlicense-dismissed/

🗞 Daily Crypto News, January 4th💰
🗞 Daily Crypto News, January 3rd💰
🗞 Daily Crypto News, January 2nd💰
🗞 Daily Crypto News, January 1st💰
🗞 Daily Crypto News, December 31st💰