Representatives ask Mnuchin to extend comment period for proposed wallet rule to traditional 60 days

Eight members of Congress have sent a letter to Treasury Secretary Steve Mnuchin expressing concern over the shortened comment period for the Treasury’s recently proposed rule for virtual currency transactions. The Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking that would require more stringent know-your-customer and reporting Read more…

Ark Invest Analyst Says XRP Freefall Bodes Well for Bitcoin – Here’s How High BTC May Go According to Yassine Elmandjra

Yassine Elmandjra, analyst at global asset manager Ark Invest, thinks XRP’s price plummet will make Bitcoin stronger. In a new interview, Elmandjra tells Coindesk anchor Christine Lee that he thinks altcoins could suffer alongside Ripple’s native asset in the short term. He says Bitcoin, however, will improve in the long Read more…

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