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We begin with big news from South Korea, as they announce that 6 major banks will facilitate data sharing with Cryptocurrency exchanges. Money laundering and tax evasion have been large governmental concerns with regards to crypto and it seems South Korea have taken the first steps to mitigate under the counter activity. This isn't the first time we've seen big hacks on Japanese exchanges On to something more positive in the crypto-sphere, Robinhood, the app that lets you make zero-fee stock trading is going to allow its users to trade Cryptocurrencies.
Robinhood users will be able to trade both Bitcoin and Ethereum with no transaction fees, with more coins on the horizon. Sticking with acquisition-BitGo Inc. Telegram has been a hotly discussed topic and Silicon Valley VCs are reportedly lining up to invest in the Russian messaging app. Back to Japan, the BOJ have come out with more regulatory talk stating that it will be incredibly difficult to create cross-border regulatory protocol for Cryptocurrency trading.
Now regulation in this space will be important- but how do we protect innovation? It seems mostly positive, as both have focussed on the technology- potentially encouraging governments to understand just how big blockchain could be.
Now lots of Ripple enthusiasts claim that XRP could become the Bitcoin for banks, but do banks want it? A story coming from Bloomberg claims that banks have absolutely no interest in XRP. Damning to say the least. We leave you with our Bull masks on, as hedge funds have swung their bitcoin-futures bets to the bullish side for the first time, according to recent figures. What will this mean for crypto markets going forward? As always there are several stories we didn't have time to cover.
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