U.S. Treasury Secretary Steve Mnuchin held a press briefing to discuss cryptocurrency on Monday discussing recent interest in digital assets like Bitcoin and Libra. "Treasury has very serious concerns that "...Libra could be misused by money launderers and terrorist financiers," Mnuchin said. He called regulating the use of cryptocurrencies "a national security issue" in context of money laundering and other illicit use cases.
 
"FinCEN every entity that transacts in Bitcoin, Libra, or any other cryptocurrency to its highest standards," Mnuchin said. He reiterated comments from President Donald Trump that Bitcoin is "highly volatile" and "based on thin air."
 
"The U.S. welcomes responsible innovation," Mnuchin clarified. But the Treasury's overriding goal is to "protect the integrity of our financial system." Answering questions about Facebook's Libra team, Mnuchin said several times that "they got a lot of work to do" to demonstrate regulatory compliance and "make us comfortable."
 
"Our number one issue is: we don't want bad actors using cryptocurrencies," Mnuchin explained Link


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Litecoin block rewards will be halved today; meaning Litecoin miners will now receive 12.5 LTC for every block compared to the 25 LTC they received previously; the Litecoin network is designed to cut its mining rewards in half every 840,000 blocks; Monday's halving occured on block height 1,680,000 today Link


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Samsung is adding to its blockchain dapp store by including over a dozen new apps in its Blockchain Keystore online app market. Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications in March to a total of seventeen Link


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BlockFi, a cryptoasset lender that has became popular with its interest bearing deposit accounts, has raised $14.5M in a Series A round led by Valar Ventures; other participants include Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC; according to founder and CEO Zac Prince, BlockFi will use the funds to double its team size to 60 and roll out new products Link


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📚   The market for crypto ATMs has been growing steadily, reports The Block's John Dantoni; last month crypto ATMs experienced their largest net increase in a single month with 292 installed globally; to date there are 5,353 ATMs across 81 different countries; Dantoni breaks down the growth, current status, and trends across different assets for the crypto ATM market Link


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Bitpoint, a Japanese crypto exchange, is resuming some trading services following a $28M hack in July; Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet; the hacked wallet is no longer in use and therefore not under threat Link


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