In a report published by the International Monetary Fund, their general sentiment was that crypto doesn’t pose a risk to financial stability – as long as the “appropriate safeguards” are in place (Cointelegraph).
Customer identification data is now a requirement for exchanges, thanks to a recent revision in Belarus’ Decree on the Development of Digital Economy (Cointelegraph).
Sergey Brin says the “boom of computing” is due to the demand for powerful computers needed in crypto mining (Coindesk).
The India-based exchange is unable to repay its customers after last month’s theft (Coindesk).
Aaron Lammer, co-host of Coin Talk, began a humorous Facebook messenger conversation with the hacker who shut down his website in request for 0.025 Bitcoin (The Verge).
Yet another luxurious home looking to be bought by Bitcoin (Forbes).
Warren Buffett doesn’t believe Bitcoin had intrinsic value: “If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything, you’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more. You aren’t investing when you do that, you’re speculating” (CNBC).
London Block Exchange announced its support of two cryptocurrencies: Bitcoin Cash and Ethereum Classic (Business Insider).
Oscar Mayer is offering an incentive for users to promote the brand online: “Users can ‘mine’ bacoin cryptos on the Oscar Mayer website that become worth more and more as consumer awareness is increased through social media and email use. Bacoin can then be cashed out by customers for real packs of Oscar Mayer bacon” (The Street).