G20 says crypto not a “global finanical stability risk” – July 23

Current Bitcoin Price: $7705 (as of 8:20 AM PST)

The market continues this week’s craziness with cryptocurrencies up and down across the board. Bitcoin is following a steady upwards trend while Ethereum, Ripple, EOS, and a handful of other major coins have fallen a percent or two.

Of the more major coins, Monero is doing particularly well — up over 4% — while both Dash and NEO are down more than 3%.

Top Bitcoin & Crypto News Stories for 23rd July 2018

G20 says crypto not a “global finanical stability risk”

The G20 is an international forum of some of the world’s biggest decision makers — including the US, UK, Russia, China, and the European Union. G20 finance ministers met just this weekend in Argentina.

Thankfully, it’s good news for the crypto space. Members of the G20 came to the agreement that crypto-assets pose no global financial stability risk, and might even be beneficial.

Bitcoin ETF “request for comment” overwhelmingly positive

Bitcoin ETFs, or exchange-traded funds, are finally starting to become a reality. The SEC seems pretty happy with that idea, but they wanted to make sure the public echoed that sentiment.

Hence this week’s Bitcoin ETF request for comment, which has returned 97% positive feedback. Only of the 210 comments were negative.

Samsung begins adopting crypto payments

Samsung is a major Korean electronics manufacturer — best known for their flagship Galaxy smartphones. While their primary headquarters is in Seoul, they also have a Baltic division out of Lithuania.

With that, a branch of Samsung has announced that customers in Estonia, Latvia, and Lithuania will be able to purchase Samsung products with crypto, via a service called CopPay.

Leave a Reply

avatar