Daily cryptoasset news

Tuesday, 20 March 2018 Trump orders sanctions against Venezuela's cryptocurrency Donald Trump has signed an executive order imposing new sanctions against Venezuela for its controversial "petro" cryptocurrency. The U.S. president was previously said to be preparing to sign an executive order imposing additional sanctions on the South American nation for its attempt to bypass existing economic restrictions, McClatchy DC reported on Friday, March 16. On Monday, the White House announced that Trump had signed an order blocking any U.S. transactions in the petro. Specifically, the executive order states: "All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order." (Source: Coindesk)

Find out more

UK government announces new cryptocurrency research effort Britain's junior finance minister, John Glen, announced Monday that the government will launch new research aimed at exploring the potential risks posed by cryptocurrencies like bitcoin. According to a Reuters report, the minister said: "In our upcoming fintech strategy, the government will announce further work with the Financial Conduct Authority and the Bank of England to consider these issues in more detail. ... The UK is the best place in the world for fintech and my mandate is to ensure it remains such." (Source: Reuters)

Find out more

Coinbase reveals partnership with Barclays bank Coinbase has revealed that it has obtained a bank account with major UK-based multinational financial services company, Barclays. The partnership comprises the first agreement reached between a leading UK bank and a cryptocurrency exchange. The UK chief executive officer of Coinbase, Zeeshan Feroz, stated that “Having domestic GBP payments with Barclays reduces the cost, improves the customer experience…and makes the transaction faster,” adding “We believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone.” Mr. Feroz indicated that coming to an agreement with a UK bank has been a lengthy process, with Barclays wishing to see evidence of robust anti-money laundering processes. He explained, “It’s a completely brand new industry. There’s a lot of understanding and risk management that’s needed,” Mr. Feroz said. (Source: Bitcoin.com)

Find out more Feature of the day - Plasma and the Internet of Money



Alex Miller, co-founder of Grid+, gives his thoughts on the Plasma scalability solution and how it would affect how we use financial applications over the internet. Plasma is a proposed framework for incentivized and enforced execution of smart contracts which are scalable to a significant amount of state updates per second (potentially billions) thus enabling a blockchain to be able to represent a significant amount of decentralized financial applications worldwide.

Find out more (Source: Gridplus.com) About us







For more information, please visit our Mosaic is a decentralized market intelligence network focused on developing and distributing research and market data on cryptoassets. We believe Mosaic will be the main app - the gateway to the cryptoasset world - where people obtain their research and data, discuss cryptoassets, and manage their portfolios.For more information, please visit our website and join our telegram channel.

