The Crypto News Podcast

Episode 022: Saturday 17th March 2018

Alison Is On Her Holidays – And We Have A Crypto Sceptic In The House!

Coming up in today’s show:

  • The UK Government considers – then reconsiders – ditching 1p and 2p coins – could this be the beginning of the end for tradiotional currency and will the £50 note be next?
  • First it was Facebook – then Twitter – and now Google joins the gang by banning adverts related to cryptocurrencies
  • An international banking study says cryptos are inevitable – so will they continue to bury their heads in the sand?

Coinbase

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The Top 5 Crypto News Stories from this week's show:

5 > Google to Ban Ads for Cryptocurrencies

Google will ban all cryptocurrency-related advertising of all types in June 2018, according to a recent update to their Financial Services policy.

The news of a crypto ad ban comes just days after crypto advertisers using Google Adwords noticed a drastic drop in the number of views of their advertisements, according to posts on the Adwords support pages. However, Google Adwords had at that time denied any change in their Financial Services regulations that would block cryptocurrency or Initial Coin Offering (ICO) related advertisements.

Under Google’s newly updated financial products policy, no advertisements for “cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice),” will be accepted.

The move affects all of Google's ad products, meaning companies will not be able to serve crypto-related ads on the search engine giant’s own sites, as well as third-party sites in its network

https://cointelegraph.com/news/google-to-ban-all-crypto-related-ads-starting-june-2018

https://www.ccn.com/google-will-ban-cryptocurrency-ico-advertisements-june/

https://www.wsj.com/articles/google-to-ban-ads-for-cryptocurrencies-1521000060

4 > UK Government considers ditching 1p and 2p coins and £50 note

Downing Street has backed away from a plan to scrap copper coins.

The prime minister's spokesman said there were “no proposals to scrap 1 or 2p coins”.

The Treasury has been consulting on the mix of coins in circulation as card and digital payments gain popularity.

The consultation hints at the growing cost of handling these coins. It also questions the validity of the £50 note

http://www.bbc.co.uk/news/business-43388662

http://www.bbc.co.uk/news/business-43407298

https://www.msn.com/en-gb/news/uknews/government-to-consult-on-ditching-1p-and-2p-coins/ar-BBKavu7?li=AAmiR2Z&ocid=spartanntp

https://www.msn.com/en-gb/news/uknews/government-to-consult-on-ditching-1p-and-2p-coins/ar-BBKavu7?li=AAmiR2Z&ocid=spartanntp

3 > Barclays strikes payment deal with cryptocurrency exchange Coinbase in the UK

Barclays has agreed to provide US cryptocurrency exchange Coinbase with access to the UK's Faster Payments Scheme in a first for the bank and for an exchange in the UK.

Coinbase is gaining access to the Faster Payment Scheme, the core payment infrastructure used by consumers to move money in the UK.

The deal represents the first major partnerships between a UK bank and a cryptocurrency exchange. Many traditional lenders are reluctant to work with cryptocurrencies due to their anonymity and potential for use in laundering money.

https://cointelegraph.com/news/uk-coinbase-users-receive-faster-crypto-fiat-transfers-in-first-for-country

http://uk.businessinsider.com/coinbase-uk-gets-fca-licence-access-to-faster-payments-with-barclays-2018-3

See this sales video – Teeka Tiwari is often bang on with his predictions!

http://cryptonewspodcast.com/video

2 > Bitcoin Takes A Dive Once Again After Its Recent Rally – So Why Is It So Volatile?

https://beat.10ztalk.com/2018/03/14/bitcoin-headed-to-6000-says-this-weeks-crypto-technical-analysis/

https://beat.10ztalk.com/2018/03/14/grim-reaper-bear-report-will-bitcoin-bottom-out-near-4000/

Top Story 1 > International Banking Study Calls Centralized Crypto Inevitable

A new report issued by an international banking group analyzing the use of cryptocurrency by central banks recognizes the usefulness of digital currency while calling into question their overall safety and security.

As central banks around the world are studying the potential of issuing cryptocurrencies of their own, the consortium of banking regulators in Basel, Switzerland released their white paper saying “(Central bank cryptocurrencies or other forms of digital currencies) could bring substantial benefits,”

Cryptocurrency issued by a central bank could be a stable, robust and even safer alternative to cash said the study by the group that includes the Federal Reserve and 59 other central banks of nations that account for about 95 percent of world gross domestic product.

https://www.newsbtc.com/2018/03/14/international-banking-study-calls-centralized-crypto-inevitable/

http://www.goldtelegraph.com/central-banks-can-no-longer-dismiss-cryptocurrency/

This week's Crypto quickies:

1) The hunt for decent graphics has begun!

https://www.designcrowd.com/vote/crypto-news-podcast-logo

2) HMRC updates tax guidance

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg12100

3) Bitcoin Art Gallery:

https://twitter.com/btcArtGallery

4)  Laura Shin  The Skeptics' Episode: Preston Byrne and Angela Walch on What the Industry and Regulators Get Wrong in Crypto

http://unchained.forbes.libsynpro.com/the-skeptics-episode-preston-byrne-and-angela-walch-on-what-the-industry-and-regulators-get-wrong-in-crypto

This week's Top 5 Crypto Coins:

See https://cointracking.info/coin_trends.php for the latest stats.

Paul's Fantasy Crypto Portfolio:

See http://cryptonewspodcast.com/paul

Paul Teague

Alison's Fantasy Crypto Portfolio:

See http://cryptonewspodcast.com/alison

Alison's Bitcoin-only portfolio: http://cryptonewspodcast.com/BTC

Your Crypto Portfolios:

See https://cryptonewspodcast.com/your-crypto-portfolios/

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