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<b>Welcome to the Daily Crypto Digest bringing news to steem, <i>news to you!</i></b>
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Photo Credit: news.bitcoin.com

<b>Shareholder of Bitfinex claims Tether holds nearly 3B USD</b>

Yay! Trust us, we are saying it's there. Just don't mind the fact we won't provide any evidence, and that manys life savings depend on the idea we're 'trustworthy.' Spare me. This is not acceptable, we can't just go off of figureheads 'words' and 'trust'. These things must be open sourced, and well documented.

https://news.bitcoin.com/vouching-bitfinex-and-tethers-bank-accounts-hold-nearly-3-billion-usd/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

https://cointelegraph.com/images/725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZTFhNWFhN2M1MWYxMWQxMjFkYzE4MThhYjc3NDYwZC5qcGc=.jpg
Photo Credit: CoinTelegraph.com
<b>Bill submitted to make Cryptoruble legal tender</b>

It seems Russia is getting in the hot seat for sure. Putting bills up to try and make it not only backed by Rubles, but a legal tender for Russia..
I'm still not impressed.
Also, not surprised.
Ruble backed cryptocurrency is STILL fiat.
https://news.bitcoin.com/bill-cryptoruble-legal-tender-russia/

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<b>Discover card's 44m customers denied crypto</b>

Yay, for more banks taking it into their hands to decide what YOU can do with YOUR fiat.
Fantastic, another reason we need to decentralize!
The banking systems are going to start pouting real soon. They're scared after watching the market inversion of gold stocks with crypto.

https://news.bitcoin.com/discover-cards-44-million-customers-denied-crypto/

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<b>Chairmen of SEC and CFTC Co-Author on crypto regulation</b>

Jay Clayton the Chairman for the SEC co-authored a recent article in the wall street journal. Outlining a few perceived problems for crypto. But- also the merits.
>"“Many have identified DLT as the next great diver of economic efficiency,”

yet, compares this to the dot com bubble

>“Countless companies chased the dot-com promise, yet only a fraction survived,” 
then goes on to discuss how off shore exchanges are not in their current standards of regulation, and that they don't want to discourage innovation- but, aren't happy about the recent 700b market cap, mainly by US investors.

He shows some confusion at why we're settling for the term 'investments' if we are pushing for a revolution of currency. Which I tend to agree. It's weird. 
Push for revolution, decentralized revolution. Not some half hot/cold middle ground. Investments get taxed more harshly anyhow.

https://news.bitcoin.com/chairmen-sec-cftc-co-author-opinion-piece-crypocurrency-economy/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications


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