Hodler's Digest, August 26-September 2: Both Eminem and Yahoo Finance Embrace Bitcoin in Wins for Crypto Adoption

Published on by Cointele | Published on

Mentioned in this article
Top Stories This WeekYahoo Finance Integrates Bitcoin, Ethereum, and Litecoin on iOS App.Yahoo Finance has integrated BTC, ETH, and LTC on its iOS app this week, with a version briefly appearing and disappearing on its desktop version despite Yahoo noting that the desktop, mobile web, and Android version won't be available for several weeks.

A Yahoo Finance press release notes that users that wish to trade crypto on Yahoo Finance will have to link a broker account via integrated third party service TradeIt.

JPMorgan CIO Thinks Blockchain Will "Replace Existing Technology" in Short Time.Lori Beer, the chief information officer at JPMorgan, believes that blockchain tech will eventually replace the current technology in the span of a few years.

"We will see a greater and wider use of blockchain In a few years blockchain will replace the existing technology, today it only coexists with the current one," - Lori Beer, chief information officer at JPMorgan.

"Remember everybody used to bite Nickel, now everybody doing Bitcoin," - U.S. rapper Ryan Daniel Montgomery, widely known as Royce Da 5'9".Laws and TaxesPoland Introduces New Crypto Legislation for Consideration.

Polish legislators have introduced a long-awaited new bill to clarify the current crypto taxation policy, which the local crypto community had resisted earlier this year.

California's AB 2658, a bill that calls for the establishment of a working group on blockchain technology, has passed in both houses of the state legislature and will now head to the governor for approval.

The bill requires the Secretary of the Government Operations Agency to form a blockchain working group on or before July 1, 2019 that should consist of participants from both technology and non-technology industries, as well as appointees with a background in law, and representatives of privacy and consumer organizations.

The crypto markets are seeing some returns this week, with Bitcoin trading for around $7,245 and Ethereum at around $292. Total market cap is now around $235 billion.

China's version of Google has reportedly closed at least two popular crypto-related chat forums, informing users that the move comes "In accordance with relevant laws, regulations and policies." Earlier, WeChat-operator Tencent also released its own statement about its ban on crypto trading, and Alibaba also announced it will restrict or permanently ban any accounts it finds to be engaged in crypto trading.

x