Venezuela monitors crypto, ETH is not a security, McAfee attacks SEC, Coinbase closed Gab's account, Ripple believes in India, Bittrex tests USD, Israel wants salaries in BTC, the correlation between BTC and S&P 500.
- The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions which are considered to be ‘undermining the national currency’.
- A senior U.S. Securities and Exchange Commission (SEC) official has said that leading altcoin Ether (ETH) will not be regulated as a security.
- John McAfee is attacking the US Securities and Exchange Commission (SEC) again after Jay Clayton, the chairman of the SEC, stated that the SEC views cryptocurrencies as securities.
- Gab, a social network messaging platform, has announced that its Coinbase account was suddenly closed on the exchange without providing any specific explanation.
- Ripple (XRP) is confident that the currently standing cryptocurrency ban by the Reserve Bank of India (RBI) will be overturned.
- Bittrex announced it is now taking on retail customers trading in US dollars in four states as it has successfully moved through its corporate phase after only two weeks.
- Spot.IM, an Internet company with offices in Tel Aviv, is in negotiations with the Israel Securities Authority (ISA) about the possibility of any employee to accept the total or a portion of his paycheck in bitcoin, with the company absorbing the costs of the high shekel conversion fees.
- The correlation between bitcoin and S&P 500 has begun to splinter since May. Their split in price could accelerate if bitcoin plunges to a critical support level.