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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
OKEx Heats Up Competition in the U.S. Market via OKCoin
12.7.2019
Major Asian cryptocurrency exchanges are intensifying competition for the huge and highly regulated U.S. market. As Binance is preparing to launch its American branch in the coming months and Huobi is already strengthening its presence here, OKEx is also taking steps in an attempt to reach more...
What Are Dollars Used for, President Trump? – The Gun Money Known as USD
12.7.2019
Donald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in...
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
12.7.2019
The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies and Libra. Bitcoiners relished the sudden attention directed towards their sphere from the president’s...
JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War
11.7.2019
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
11.7.2019
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...
A History of Violent Intervention: John McAfee to Help Cuba Resist US Sanctions With Crypto
10.7.2019
Former antivirus software guru and 2020 Libertarian presidential “hopeful” John McAfee is a controversial figure, polarizing opinion in politics and culture, and taking a bold stand against the U.S. federal government. Most recently this has involved offering to help the Cuban state...
PR: My BitIRA Launches to Empower US Consumers With 24/7 Cryptocurrency Retirement Account Access
10.7.2019
BitIRA — pioneer of the first insured cold storage solution for cryptocurrency retirement accounts — has launched its newest tool, the “My BitIRA”[https://my.bitira.com] investing platform. My BitIRA maximizes the transparency and control individuals in the U.S. have over their cryptocurrency...
Facebook Defends Libra in the U.S. Senate, Has No Plans for India
10.7.2019
Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C. about its new cryptocurrency project Libra, co-launched with 27 partners. Also, the company confirmed it has no plans for India for now.
In a letter to the Committee on Banking, Housing, and Urban Affairs...
IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users
9.7.2019
A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...
LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the U.S.
9.7.2019
LG, a South Korean technology behemoth, applied for the “ThinQ Wallet” trademark for a digital wallet
This is How the U.S. Taxman is Looking for Your Crypto
9.7.2019
Source: iStock/D-Keine
A set of slides allegedly prepared for agents working with criminal investigations in the Internal Revenue Service (IRS) – the tax authority in the U.S. – is shedding more light on how the government is going after crypto users who are suspected of engaging in tax evasion...
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
The Swiss Are Onto Something: Facebook, Libra and the Case for Decentralization
4.7.2019
A recent letter from the U.S. House of Representatives to social media giant Facebook has crypto users speculating feverishly. The implications of the letter, and Calibra CEO David Marcus’ recent response, will inform the future of money not only in America, but worldwide. House Chairwoman...
Energy Used by Idle Device in the U.S. Can Power Bitcoin For 4 Years
3.7.2019
Academic researchers at Cambridge University launched a real-time index that tracks the total electricity consumption of the bitcoin network
Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t
3.7.2019
In the face of increasing U.S. sanctions, Cuba is pondering joining Venezuela on crypto
Former Ripple Exec to Lead Binance into the U.S. Market
2.7.2019
Catherine Coley and Changpeng Zhao at the Binance Blockchain Event in January 2019. Source: Twitter, @cryptocoley
Catherine Coley, former Head of XRP Institutional Liquidity at Ripple, a fintech company, appointed as CEO of Binance.US, an American branch of major cryptocurrency exchange...
Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders
29.6.2019
Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access...
U.S. Clean Energy Firm Clearway Energy Will Test Blockchain for Renewable Energy Trading
29.6.2019
Clearway Energy Group to pilot program for trading renewable energy credits on a blockchain
Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy
27.6.2019
Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This...