TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Bank of France to test digital currencies. Bakkt CEO appointed as US Senator. Poloniex to delist DigiByte over Twitter argument. XRP to close year as worst-performing top ten cryptocurrency. Dash adviser to returns funds after being accused of stealing, and Circle could start collecting fees from US customers who do not withdraw funds.
Poloniex to Delist DigiByte Over Twitter Rant
We don't own any US customers' data as all of them are preserved by Circle. BTW, after careful review, we decided #DigiByte is not qualified for our listing standard. We will delist $DGB soon. Details to be announced.
— Poloniex Exchange (@Poloniex) December 5, 2019
Poloniex, a cryptocurrency exchange recently spun-off from Circle and invested-in by Tron, decided “after careful review” that DigiByte does not meet their listing standards. DigiByte founder Jared Tate, as it happens, criticized Poloniex and its promotion of Tron. Soon after, Poloniex responded by announcing they were delisting DigiByte.
Bank Of France to Test Digital Currencies
Autre sujet crucial : l’éventuelle création d’une monnaie digitale de banque centrale. « Nous devons apporter notre pierre à l’édifice de cette innovation, mais de manière sérieuse et méthodique », François Villeroy de Galhau à la conférence de l’#ACPR cc @ACPR_actu
— Banque de France (@banquedefrance) December 4, 2019
The Bank of France will start testing digital currencies the next year, according to a report from AFP. François Villeroy de Galhau, Governor of the Bank of France, declared the central bank will begin experimenting with digital currencies and will also “launch a call for projects before the end of the first quarter of 2020.” Villeroy de Galhau also declared tests and experiments must be done in a “serious and methodical” manner.
Kelly Loeffler Officially Appointed as Senator
Kelly Loeffler, the current CEO of Bakkt, was appointed to the US Senate in substitution of Republican Johnny Isakson, who is retiring this year. The Governor of Georgia, Brian Kemp, appointed her instead of Rep. Doug Collins, who had the support of President Donald Trump. Loeffler will take the seat January 1st, 2020, leaving Bakkt. The company published a press release congratulating her, but it does not mention who will be filling his seat at the exchange.
XRP to Close Year as Worst Big Performance Currency
XRP is just a month short of becoming the worst-performing top ten cryptocurrency of this year, losing more than 90% from its all-time high price, 51% since January. While the cryptocurrency market has been mostly down all year, holders of the currency have other theories as why this might be happening. Many believe actions taken by Ripple have diminished the price by way of flooding the market with too many coins.
Dash Advisor Says He’ll Return Funds to Investors
Moocowmoo, an alleged senior advisor for Dash, disappeared with funds from a masternode share group, a situation announced in the official Dash forums. According to a Reddit post, Moocowmoo has since reappeared and is starting to return funds. Fernando Gutierrez, Dash CMO, declared earlier Moocowmoo was never part of the Dash Board, but evidence suggests otherwise.
Circle Will Charge Fees To US Poloniex Customer With Funds
Circle announced it might start collecting fees from US Poloniex customers who don’t withdraw funds from the exchange before December 16th. Users will also lose direct access to their accounts, and funds will be converted to the Cirlce stablecoin, USDC. Circle stated customers will be charged a “monthly service fee and a one-time dormancy fee when an account becomes dormant per the terms of the applicable regulations.”
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