Paxos Files To Become Federally Regulated US Bank – December 10

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$18,143

Bitcoin price has somewhat stabilized after yesterday’s fall, however its strength still looks shaky as price teeters above $18,000 support.

Top-20 altcoins have also flattened out in price, as Ethereum and Bitcoin Cash remain almost unchanged – however XRP and Stellar stand out with rises of 6% and 13%, respectively.

Top Stories for December 10, 2020 🔥

👉 Paxos Files To Become Federally Regulated US Bank

Paxos, a cryptocurrency company and stablecoin issuer, has filed an application to become a federally-regulated US bank.

Although the bank would operate out of New York, the national charter will enable licensed banks to operate more easily across the entire country.

A 30-day comment period is required before the application can proceed.

👉 Ukranian Politician Declares $24M Stake In Monero

Rostyslav Solod, a newly-appointed official in Ukraine who is still a teenager, has declared significant cryptocurrency holdings, including over $24 million worth of Monero (XMR).

A declaration claims that Solod acquired his cryptocurrency holdings more than 5 years ago in March 2015, when Monero was trading at about 50 cents per coin.

👉 Report: Venezuela Plans To Increase Bitcoin Usage For Imports 

A report by investigative journalists has revealed that Venezuela plans to increase its use of Bitcoin and cryptocurrencies as payment for imports.

The move is an attempt to evade US sanctions, a strategy that had previously been publicly declared by president Nicolás Maduro earlier this year.

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