TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Binance reveals its US crypto offerings. CFTC bitcoin futures officer steps down. Trump Executive Order could make the Federal Communications Commission (FCC) into a social media watchdog. Malaysian power company raids illegal mining operations. CoinEx launches zero fee BCH anniversary trading promo, and Coinbase open sources CashAddr converting tool.
Binance US Reveals Preliminary Cryptocurrency Listing
Binance revealed a preliminary cryptocurrency lineup for its US branch. In an announcement, they declared the most important requirement for these pre-selected cryptocurrencies is their ability to comply with “US AML/CFT and securities laws and their implementing regulations.” Binance US was announced after the main exchange blocked US residents due to regulatory concerns. The lineup is composed of 30 cryptocurrencies, including BTC, ethereum, XRP, tether and bitcoin cash.
CFTC Bitcoin Futures Trading Officer Leaves
The CFTC officer in charge of bitcoin futures trading policy-making, Amir Zaidi, is reportedly leaving the agency. Vincent McGonagle, another officer of the agency who served in the Division of Enforcement, will step up to fill Zaidi’s vacancy. Recently the CFTC denied physically-settled bitcoin futures to LedgerX, who prematurely issued a press release about the milestone.
FCC Could be the US’s Social Media Watchdog
A supposed Executive Order currently in the works by the Trump administration could put the FCC (Federal Communications Commission) in the role of social media watchdog, according to CNN. The early draft, titled “Protecting Americans from Online Censorship,” would charter the FCC as the entity in charge of shaping laws defining how social media networks like Twitter and Facebook curate their sites. The FCC declined to comment.
Malaysian Power Company Raids Illegal Mining Farms
TNB (Tenaga Nasional Bhd), a Malaysian power company, raided 33 locations in search of illegal bitcoin mining facilities allegedly draining power from the main grid. The power company claimed to have evidence of more than 20 locations running bitcoin miners directly from the grid, bypassing the power meter. The losses due to these illegal activities are also claimed to 3.2 million ringgit, almost $765K.
CoinEx Announces BCH Anniversary Zero Fee Trading
CoinEx announced its zero fee bitcoin cash (BCH) trading promotion to celebrate BCH’s second anniversary. Users will be able to take advantage of this opportunity while doing margin or crypto-to-crypto trading without being charged for maker or taker fees. They are also giving users the chance to buy bitcoin cash at heavily discounted prices through a raffle that will reward heavy users of their platform.
Coinbase Open Sources Tool to Convert Between Legacy and CashAddr Systems
Coinbase open-sourced a tool that allows the exchange to easily switch between legacy and CashAddr addresses for bitcoin cash wallet addresses. This means other exchanges can implement this system without having to develop any in-house solutions. CashAddr is a system built to differentiate bitcoin cash addresses, and to make confusion less likely to happen. Kraken, another US-based exchange, just recently switched to CashAddr.
CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.