Bitcoin, Cryptocurrencies Back in the Red

TBCASoft, IBM, and SoftBank announced a blockchain-based cross-carrier system (CCPS) for mobile payments. This payment system would enable its users for payments using their phones on local merchants. CCPS is designed for interoperability across different telecom carriers, which should allow the creation of a network of merchants accessible to users of the CCPS system.

OKEx leading exchange platform launches an initiative for the creation of a Global self-Regulated Organization(SRO) aimed at standardizing exchange practices and policies. This idea was launched at the Malta Summit by Enzo Villani, OKEx Head of International Strategy and Innovation, and former Nasdaq executive.

Yesterday, Rep. Sylvia Garcia introduced a new bill before the Senate House Financial Services Committee to classify stablecoins under securities. The bill, aimed at put Libra under the control of the SEC, would affect the rest of the stablecoins such as Tether, whose market cap is about 4.1 billion.