In this October 14, 2019 edition of CryptoNewsZ, host Arveen highlights significant developments in the cryptocurrency and blockchain sectors. Notably, UNICEF has launched a pilot program that allows the organization to receive donations in cryptocurrency, opting not to convert them into fiat currency to enhance transparency and donor relations. This initiative leverages the transparency benefits of blockchain technology.
Meanwhile, messaging app Telegram has postponed the launch of its digital token, Gram, until October 31, 2019, after receiving a restraining order from the U.S. Securities and Exchange Commission (SEC) concerning its issuance of 2.9 billion tokens. Additionally, Zcash is set to develop a wrapped token for Ethereum, which could integrate Zcash into the Ethereum DeFi ecosystem, potentially enabling private loans and financial services.
On the regulatory front, leaders from the SEC, CFTC, and FinCEN have issued a warning to the crypto industry regarding compliance with existing U.S. regulations amid growing concerns over cryptocurrency adoption and monitoring by governments. Arveen concludes the segment by prompting viewers to visit CryptoNewsZ for more updates and to subscribe for notifications.