Rep. Soto is after establishing an office to monitor all the blockchain-concerned activities within the Federal government that are unrelated to defense.

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H.R.9067 is the bill that was filled on 31 of Dec 2020 to establish an office for coordinating blockchain technology federal apps. As of then, the bill was delivered to the House Committee on Energy and Commerce. 

Darren Soto, the sponsor of the bill, has been a true advocate of cryptocurrency (for campaign donations) and blockchain in general.

“Certainly I could see it being utilized very soon, over the next couple of election cycles,” said a co-chairman of the Blockchain named Cacus.

He offered hope that since a patent has been filled by the United States Postal Service for a mail-in voting system based on blackchain, they can utilize it in the near future. 

Mr Soto also pointed out that two years of pushing his colleagues in the Digital Taxonomy Ac (the Energy and Commerce committee) has come to an end.  His efforts will set the grounds for an investigation on the employment of the blockchain technology in government and having a dedicated office which is in charge of this would probably expedite the process of adopting and employing these technologies.


An office for Federal use of blockchain tech coordination

A large number of short risky positions were liquidated when Bitcoin rose to $30,950 

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Bitcoin rose and touched $31K and left many of the traders in awe as they had bet on a bearish pullback.

![cyvh.png](/uploads/cyvh_87825e6cd2.png)
###### Source: Coin360

Further data from other sources have confirmed BTC’s peak at $30,960 on the second day of January 2021. 

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###### TC/USD 1-minute candle chart. Source: TradingView

Followed by a bullish charge that raised BTC levels more while press-time levels were struggling to reach 31K. 
Not all the traders felt the same. Some were cheering and celebrating while others were gloomy.

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A tweet from a bot that tracked liquidated trades on BitMEX derivative said “I'm shocked, shocked to find that gambling is going on in here!”. The tweet states that the shorters had incurred $10m of loss.

The altcoins saw rises in their values as well. Dodgecoin rose by 42% while ETH, the second most well-known currency, dropped below $750.


Rising dramatically in price, Bitcoin touched $31K and $100 million of shorts we liquidated 

The fraud seem to have lured people into investing in a 2017 scheme with a 20% monthly profit.

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Umesh Verma, a 60 year-old who is alleged of leading a scam worth 25m rupee ($340,000) was arrested at Indira Gandhi International Airport in Delhi on Thursday.

Mr. Verma and his son have been alleged to have lured people into investing in a scheme under Pluto Exchange for a 20% to 30% return on a monthly basis. This exchange offered its native coins called Zarus for people’s investments. Nonetheless, it didn’t take long after the schemes launch on November 2017 that the returns ran out and Mr. Verma went off the grid till he was seen in Dubai in 2018.

He was arrested as a case of misappropriation of funds in September 2020. Pluto Exchange had also lunched the first cryptocurrency mobile app that was claimed to be able to trade and store BTC using a cell phone number only. 

It’s interesting to know that this man had been apprehended by the police in December 2017 regarding smuggling gold.


Arrested under a 25 million rupee Indian crypto scam allegation at the Delhi airport. 

Having raised up to $10M out of the total $117M so far, INX hopes to will have raised it by the end of the year.

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INX is extending its IPO (initial public offering) with listings on the exchanges around the globe.

This digital asset trading platform, INX has asked the Canadian Securities Exchange (CSE) to have its security token listed and this request demands the CSE’s confirmation as it was announced on October 30 by INX.

According to INX’s representatives, this is not the only exchange that they wish to have their token listed but certainly it’s the first.  َAccording to Cointelegraph, an INX spokesperson said that “This will provide dramatically higher access to capital and liquidity on a global scale, impacting the legacy equity way of the stock exchanges of the world,”.

Its CEO believes that they are working hard in order to present new solutions as response to the dynamic and fast-changing environment of the digital capital markets. 

"Digital securities represent a logical evolution in how investment instruments are constructed, issued, and traded on a regulated marketplace."

We can argue that INX is having a unique IPO as it’s the only case which has been verified by the Securities and Exchange Commission of the US. INX has set another record in terms of being the first have the SEC approval so as to offer its token to institutional and retail investors. They offer INX to investors around the globe who are subject to the regulations of those locations, an INX spokesperson said to Cointelegraph.

Expecting to finish the IPO by the end of 2020 has created a challenge for INX as $117M is a large sum. After raising more than $10M, they know that there is still a mountain to climb. 

Since September 10, and for its IPO, INX has been accepting major cryptocurrencies such as Bitcoin and Ether.


To raise its $117M IPO, INX is using the token listings on the exchanges around the world                          

Mongolia is turning into a crypto-friendly country however slow their progress is.

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Crypto services such as custody, deposits, remittance, loans, and crypto will soon be available from Mongolia’s largest bank.

A blockchain company called Hexlant whose founders are Samsung developers and Delio which is a tech company along with MDKI, which is a Mongolian mineral resource and blockchain company, are going to work with the Trade & Development Bank of Mongolia or TDB bank which is the second largest bank in Mongolia. It’s interesting to know that one of MDKI’s partners is Bitfury which is a crypto mining giant.

This bank mainly targets industrial clients and these clients can enjoy several services such as project loans, consult in financing, trade loans, and etc. 

At the same time the other partner, Hexlant, provides certain services among which are the blockchain smart contract development and verification and of course wallet development. 

Although a Delio official has informed DDaily that as a result of the aforementioned cooperation that they are at full blast to join the crypto world with as many resources as possible. A launch date is yet to be announced.

Mongolian government started joining the crypto sphere in 2018 when its mobile telecoms operator became the first licensed party to issue its own digital currency. This was continued in 2019 when Ulaanbaatar city administration had an agreement with a blockchain company from South Korea, dubbed Terra, to change the utility bills and government subsidies’ payment methods with Terra stablecoin.


The largest bank in Mongolia, a future crypto-service provider

Mongolia is turning into a crypto-friendly country however slow their progress is.