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Paxos files for a national banking license with US OCC

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TL:DR Breakdown: Paxos has become the latest crypto company to apply for a national banking license with the US OCC. If approved, the company can run its services across the country as a qualified custodian of digital assets. More digital currency companies are joining the crypto bank train in the United States. In recent months, […]

Coinbase CEO fears rumored crypto wallet rule can affect US crypto-economy

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TL:DR Breakdown The Trump administration is allegedly planning to introduce a new regulation for self-custody wallets. If true, Coinbase CEO said it would affect innovations in the US crypto-economy. Earlier today, Coinbase CEO Brian Armstrong informed about rumors which surfaced last week, saying the outgoing Trump administration is planning to enforce a new regulation that […]

Binance.US now supports crypto users from Alaska

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TL:DR Breakdown Binance.US is now opened for crypto users in Alaska to trade digital currencies.  The US exchange quickly opening to all the US states as Binance plans to wind up support for American users   Binance.US, the United States division of the leading cryptocurrency exchange, recently announced that it had opened doors for digital currency […]

United States regulators charge 15 Bitcoin and forex scammers in massive crackdown

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Regulators in the United States state of Texas have brought charges against 15 unregulated investment platforms advertising false investments. Ten of those platforms were allegedly created by a Texas resident named James Blundell. Those same regulators have led over 40 counter-fraud investigations related to cryptocurrency since 2017. Regulators in the United States have brought charges […]

FTX traders are still betting on US elections

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FTX traders are still betting on the US elections. Despite the presidential election coming to an end, the crypto company is placing bets on Georgia’s January contest. So far, FTX traders believe the chances of the Democrats winning are 21.1%. FTX traders are still betting on US elections FTX traders are still betting on the […]

Crypto custodian, Anchorage, files for a bank charter with OCC

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TLDR Breakdown Anchorage has filed with the US OCC for a banking license. The license will enable the company to operate across the country as a qualified custodian. Crytpo custodian, Anchorage files for bank charter with OCC Cryptocurrency companies are beginning to step up their services with the acquisition of banking licenses. Recently, digital currency […]

Blockchain Covid-19 app on trial at New York airport

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Blockchain Covid-19 app is on trial at a New York airport. The app will help New York state airport commuters track surface cleanliness in real-time. Albany airport has started trying out the ‘Wellness Trace App’ to keep an eye on how to clean the surfaces and objects in the airport. Blockchain Covid-19 app on trial […]

Raoul Pal predicts U.S. ban on Bitcoin would be futile

Raoul Pal Bitcoin holders

Ban on Bitcoin would be futile Raoul Pal says Says government should stash Bitcoin in their reserves as fiat declines Popular Bitcoin proponent and Investment strategist Raoul Pal has confidently said that a government ban on Bitcoin would be a futile effort. The Bitcoin proponent said this in response to growing media reports where Ray […]

Wyoming Senator blasts about Bitcoin on ABC

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Wyoming Senator blasts about Bitcoin on ABC news describing it as a store of value. Cynthia Lummis, recently elected the Wyoming Senator talks about how Bitcoins finite value makes it a great storer. In the interview, she expressed great enthusiasm in regards to the coin. Wyoming Senator blasts about Bitcoin on ABC Wyoming Senator blasts […]

US SEC charges Wells Fargo CEO

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US SEC charges Wells Fargo CEO for misdirecting its customers. The CEO of Fargo, an American banking giant, John Stumpf, was criminalized by the US Securities and Exchange Commission. Mr. Stumpf had to cough up almost three million dollars to appease the regulator while a former lead exec, Carrie Tolstedt, will be involved in a […]

Congressional Democrats rebuke crypto

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Congressional Democrats have rebuked the acting Comptroller of the Currency’s focus on cryptocurrency and fintech. The group wrote a letter to the acting Comptroller of the Currency ( OCC) to complain about his focus on the digital world. Progressive Democrats, such as Ayanna Pressley, Stephen Lynch, and Rashida Tlaib, wrote the letter. Congressional Democrats rebuke […]

Understanding the correlation between Joe Biden and Bitcoin

Understanding the correlation between Joe Biden and Bitcoin

Crypto enthusiasts have been deciphering the correlation between Joe Biden and Bitcoin to better grasp his administration’s impact on the cryptocurrency. Considering his minimal involvement with the crypto realm, there’s much less material to analyze. Yet, we must connect the dots to anticipate the possible effects of his monetary policies. As the next U.S. President-elect, […]

Bitcoin now more liquid than global reserve currency

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Bitcoin is now more liquid than global reserve currency. The currency has more base money supply than the United Kingdom and Russia combined. Bitcoins have an M1 ( cash, cheques, money you can withdraw in banks)  of $300 billion market cap. Bitcoin is more liquid than the global reserve Bitcoin is more liquid than the […]

US Justice Department against Visa for turning into a monopoly

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US Justice Department files a lawsuit against Visa for turning into a monopoly. Visa, Acquired Plaid, which the United States Department of Justice (DoJ) is filing a lawsuit against because they believe it is an illegal activity. What makes Visa’s move illegal is that acquiring Plaid means it has attained a monopoly. US Justice Department […]

Biden 2020: Bitcoin exchange FTX on Biden’s top donor list with huge contribution

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Biden 2020 campaign receives $5.22 million donation from crypto-derivatives exchange FTX. Biden pledges $300 billion for research and development and “breakthrough technologies”. Trump has had quite an acrimonious relationship with Bitcoin. According to non-profit organisation OpenSecrets, bitcoin exchange FTX was one of the largest donors to the Biden 2020 election campaign. Cryptocurrency derivatives exchange FTX […]

PredictIt in trouble after site crash

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Predictit faced a potential lawsuit after the site crash last night. Predictit crashed yesterday night when it was giving details on the US presidential election. The site crashed early in the morning today. Predictit in trouble after site crash Predictit faced a potential lawsuit after the site crash last night. The site crashed yesterday night […]

Bitcoin is first place against financial service giants

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Bitcoin has shown that it has the power to add and retain value more quickly than most assets deemed a store of value. Ran Neuner made the evaluation that crowned the digital currency as the lead. In just 12 years, the coin has managed to be the leading storer of value amongst three of the […]

Crypto bets against Biden

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Crypto bets are not voting in Biden’s favor but Trump’s. Ethereum prediction markets on the FXT crypto exchange saw a surge of participation yesterday due to the US election. Millions were exchanged so that betters could decide between Trump and Biden. Crypto bets against Biden Crypto bets are not in Biden’s favor but Trump’s. Ethereum […]

US election: Wyoming Senator a Bitcoin fan

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US election candidate Cynthia Lummis is the recently elected Wyoming senator, the first senator that is a bitcoin fan. Miss. Lummis, the first woman to take a senator position in Wyoming, had invested in Bitcoin in 2013. Before her election Miss. Lummis was a US house member for Wyoming for 8 years. US election: Wyoming […]

Turkey Inflation peaks for the worst while Bitcoin climbs

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Turkey inflation peaks for the worst whilst Bitcoin reaches an all-time high. Last month it was evident that the country had the worst-performing currency in the world. Today BTC reached 117,910 while the countries inflation appears to be increasing at an increasing rate according to the Bitfinex exchange. Turkey Inflation peaks for the worst while […]

USA election: AP is using blockchain to verify results

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USA election results, are going to be announced on the blockchain by the Associated Press (AP). The blockchain technology shall make sure the results are verified for paying and non-paying customers and will run on the EOS and ethereum blockchains. Through API, AP shall be able to ensure the correctness of the information they find […]

Treasury official appointed to crypto-risk management platform

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Prominent Risk Management platform TRM Labs has appointed former Treasury Official Ari Redbord to a critical role. Former Treasury official Redboard, well known for his work on the Treasury’s FinCEN taskforce, will now represent TRM as its head of government and legal affairs. This appointment is the latest move by the Federal government in their […]

New US travel rule for crypto: regulators seek public opinion

US regulators seek public opinion on new US travel rule for crypto

New US travel rule for crypto poses news questions. Fed and Treasury departments seek public opinion on the new rule. $312 Billion transactions lead to the new US travel rule for crypto. The United States of America is in serious political turmoil as the elections approach, while the Department of Justice and other regulators are […]

CEO of Coinbase spreads Political Misinformation

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Brian Armstrong Tweets politically charged blog post full of lies and misinformation Tweet Sparks fury and accusations of hypocrisy across the cryptocurrency community. Coinbase CEO, Brian Armstrong, has again sparked controversy today after sharing an extremely disingenuous political tweet. In a textbook case of “Do as I say, not as I do,” Armstrong has contradicted […]

Inside US regulators ongoing war with financial crime

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A proposed amendment will require businesses to divulge foreign transactions valued over $250 Part of a broader push by the government to combat crypto’s use in money laundering US regulators have created an amendment to existing legislation in the ongoing war with financial fraud. The proposed amendment will force businesses to gather and share data […]

Bitcoin boom imminent if Biden becomes President – Max Keiser predicts

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• Global events affect Bitcoin prices• Bitcoin price to surge if Biden becomes President• Trump presidency would see a slow rise in Bitcoin price Popular Bitcoin proponent Max Keiser has predicted a boom in Bitcoin price if Democrat candidate Joe Biden eventually becomes America’s President. Keiser predicts a Bitcoin boom for Biden as the crypto […]

The US stock market has done this only twice in 227 years – Will Bitcoin follow?

The US stock market has done this only twice in years Will Bitcoin follows

The US stock market history has many financial lessons up its sleeves, provided the right investor is willing to study keenly. Every historical chart, with a sufficiently larger timeframe, shows valuable teachings. One such interesting finding has been unearthed by Professor Emeritus Edward McQuarrie of the Leavey School of Business at Santa Clara. In his […]

How will Bitcoin react to a record 30% surge in US GDP

How will Bitcoin react to a record surge in US GDPs

The US GDP figures for the third quarter will be released next week, and a historical rise of 31.8 percent is all set to surprise investors. Even though it will too late to impact the 2020 Presidential election, the data will definitely affect the stock markets and cryptocurrencies. The latest US economy scorecard is unprecedented […]

DOJ Cybercrime Taskforce hopes to increase regulation of cryptocurrency platforms

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DOJ publishes 83-page report detailing plan regulate cryptocurrency usage DOJ already seizing crypto accounts used by hackers and charging crypto exchanges with fraud DOJ Cybercrime Taskforce hopes to increase regulation of cryptocurrency platforms Since 2010, the line between traditional financial crime and cybercrime has grown increasingly blurry – a problem compounded by the advent of […]

US election expected to determine Bitcoin success, according to investor survey

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Bitcoin investors confess their greatest fears are around the US election Survey participants also said eyes were also on stock market performance Bitcoin has been regarded by some investors during the crisis as a ‘safe-haven asset’ Numerous market factors have influenced Bitcoin’s price over time. Following the announcement of a global pandemic in March, the […]

Federal Reserve Chair looking into the benefits of digital currencies

Federal Reserve Chair looking into the benefits of digital currencies

U.S. Federal Reserve Chair Jerome Powell has indicated a willingness for the Federal Reserve to start issuing digital currencies. Powell indicated that the Federal Bank issuance of the digital currency was a work in progress, indicating that they had already taken initial steps into researching the project and how it would impact the US economy. […]

Two US agribusiness joins blockchain venture to streamline operations in Brazil

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Grains and oilseeds companies partners to boost operations in Brazil. The blockchain platform is expected to debut by next year. Agricultural is one other sector where blockchain technology is steadily harnessed to improve business operations in the farms. Many agribusiness companies are using technology today to boost food supply chain tracking as well. Today, several […]

Coinbase CCO, Jeff Horowitz is about to exit the crypto exchange

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Coinbase CCO is leaving the cryptocurrency exchange. The exchange lost some of its employees recently, following a controversial post from the CEO. Recently, the US-based cryptocurrency exchange, Coinbase, had seen many of its employees leave the company, which reportedly stemmed from the controversial post by Brian Armstrong, the CEO of Coinbase. Today, reports hold that […]

Swipe now supports Samsung Pay for its Visa cardholders in US

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Swipe enables support for Samsung Pay for its US users. This follows the official launching of its Visa Card for US customers except those in NY. Swipe Wallet, a leading digital currency wallet and card payment application, has stepped up its already-existing partnership with Samsung’s payment application dubbed ‘Samsung Pay.’ Following recent information shared by […]

Crypto donation: US presidential candidate, Jo Jorgensen opens for donation in Bitcoin

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US presidential candidate Jo Jorgensen now accepts crypto donations. Jorgensen admits to having a pro-crypto policy. Politicians are another set of prominent figures taking cryptocurrency to mainstream awareness and adoption. In the recent time, a United States politician, Andrew Yang, disclosed he was open to accepting crypto donations for his campaign. However, he later stepped […]

PwC: Blockchain can boost global economy by over $1 trillion in 2030

Baidu owned video platform adopts public blockchain to enhance its services

PwC says Blockchain technology can generate the world up to $1 Trillion in the next decade. China could see the most economic boost from the technology. Unarguably, Blockchain technology is proving to be useful across different sectors of the economy, aside from being the underlying technology for digital currencies. Over the years, the technology has […]

Ripple may move its headquarters from US, Larsen reveals

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Speaking at the LA Blockchain Summit, the co-founder and chairman of Ripple, Chris Larsen, disclosed today that they are considering moving their headquarters out of the United States. Larsen blamed the stiff regulatory stance of the country’s authorities concerning digital currencies as well as the companies dealing with them. Possibly, the Blockchain company may be […]

Gemini exchange announces support for Uniswap (UNI), and others

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Gemini, a United States cryptocurrency exchange and custody platform, has joined other exchanges like Coinbase to enable trading support for decentralized finance (DeFi) tokens. In addition to trading, the Gemini exchange is topping the game by announcing custody support for most of the popular DeFi tokens.  This is coming soon after the exchange launched a […]

Operation DisrupTor: US authorities seize $1 million from darknet criminals

Operation DisrupTor US authorities seize million from darknet criminals

The United States Department of Justice announced the seizure of $1.6 million in cryptocurrencies under ‘Operation DisrupTor.’ Furthermore, law agencies, both in the US and Europe, have arrested 179 people that are allegedly involved with the Darknet drug dealing community. Operation DisrupTor Operation DisrupTor was a coordinated effort to disrupt opioid trafficking on the Darknet […]

OCC Guidance Letter – Stablecoin reserves custody allowed to the US banks

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OCC has announced that stablecoin issuers are now allowed to deposit reserves at federal banking institutions SEC specifies that they must be structured and sold as securities, and promises leniency if issuers approach them for assistance These actions provide much necessary regulatory guidance to the industry The Office of the Comptroller of the Currency (OCC) […]

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