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Facebook's House Committee Focuses Heavily On What Exactly Libra Is
With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin. дальше »
2019-7-18 00:08 | |
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Rep. Patrick McHenry: Libra Can be killed, But You Can’t Kill Bitcoin
US congressman Patrick McHenry was a guest at CNBC’s Squawk Box where he weighed in on Facebook’s Libra and bitcoin following Libra’s hearing before the Senate at Capitol Hill. Patrick presently represents the 10th District of North Carolina and is also a ranking member of the Financial Services Committee. дальше »
2019-7-18 20:54 | |
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Перед вторым слушанием о криптовалюте Facebook курс bitcoin продолжает падать
Вчера, 16 июля 2019 года, в Сенате США состоялось слушание, в ходе которого сенаторы обсудили криптовалютный проект Facebook Libra. На фоне события, как ранее предполагалось, курс bitcoin продемонстрировал негативную динамику. дальше »
2019-7-17 09:43 | |
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Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin
The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof. Marcus, the head of Calibra, strongly suggested that if the U. S. дальше »
2019-7-17 08:06 | |
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The United States Seeks to Prohibit Big Tech from Banking and Finance
A copy of draft legislation barring big tech from entering the banking industry and providing financial services has been doing the rounds. It is believed that this draft has been circulated amongst the House Financial Services Committee’s Democratic majority. дальше »
2019-7-16 11:00 | |
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With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?
Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively. дальше »
2019-7-16 10:24 | |
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Why Congress’ New Draft Bill Is Bullish For Bitcoin
US lawmakers are mulling a new bill that will boost bitcoin and prohibit tech monopolies from launching their own cryptocurrencies. The draft discussion has surfaced ahead of Facebook’s scheduled congressional hearing this week on the Calibra crypto project. дальше »
2019-7-14 15:00 | |
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Bitcoin Is A “Store of Value” Like Gold: The US Federal Reserve Chairman
Yesterday has been quite a historic day for the bitcoin and cryptocurrencies as the Fed and President of the US both talked about digital currencies. The Validation Of The Highest Order While answering questions before the Banking Senate Committee on Thursday, Jerome Powell was asked if a cryptocurrency system became prevalent throughout the globe, would […] дальше »
2019-7-12 16:01 | |
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FED Chairman Jerome Powell Compares Bitcoin to Gold
Coinspeaker FED Chairman Jerome Powell Compares Bitcoin to GoldJust recently, during his testimony before the Senate Banking Committee, FED Chairman Jerome Powell looked into the Facebook's Libra cryptocurrency, compared Bitcoin to Gold, saying that it's an alternative to the asset.FED Chairman Jerome Powell Compares Bitcoin to Gold дальше »
2019-7-12 11:38 | |
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Russia May Postpone Implementation of Cryptocurrency Law
Anatoly Aksakov, head of the State Duma Committee on the Financial Market revealed that Russia’s digital financial assets law has been practically agreed upon but it may be postponed to autumn because the authorities have been unable to reach a concrete agreement on how bitcoin and altcoins should be handled in Russia, reports Tass on JulyRead MoreRead More. дальше »
2019-7-11 09:00 | |
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Facebook Assures Senate Committee That They Will Play by the Rules
David Marcus, the head of Calibra, wrote a letter to the House Financial Services Committee solidifying Facebook’s stance that they will ensure customer privacy and are taking their time to roll out Libra, allowing it to be done correctly, as reported by The Hill. дальше »
2019-7-10 13:00 | |
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Facebook to Testify Before U.S Authorities on July 16
The United States Senate Banking Committee has announced a July 16, 2019 hearing date for Facebook’s Libra cryptocurrency project according to a MarketWatch report on June 19, 2019 More Clarity Required On June 18, 2019, reports emerged that Rep. дальше »
2019-6-22 13:00 | |
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Sidechains vs Plasma vs Sharding
Special thanks to Jinglan Wang for review and feedback One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions. дальше »
2019-6-14 04:03 | |
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Congressman Ted Budd Asks for Lower Taxes on Cryptocurrency Transactions
Speaking at the U. S. House Ways and Means Committee on June 4, 2019, U. S. Republican Congressman Ted Budd mentioned two crypto specific bills he hopes would witness unanimous support from the Congress. дальше »
2019-6-11 23:00 | |
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Russia Contemplates Ban on Mining Public Blockchain Tokens
In an interview with a Russian media outlet, Chairman of the State Duma Committee on Financial Markets, Anatomy Aksakov, revealed that Russian lawmakers might potentially introduce a penalty for mining cryptocurrency on an open blockchain, as reported by Finance Feeds on June 10, 2019. дальше »
2019-6-11 19:00 | |
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Russia: Holding Bitcoin is Okay, But Using and Mining It Isn’t
The Duma (parliament) representative in Russia may finally have given some clarity on cryptocurrencies, albeit inadvertently. While announcing potential fines for miners, it stated that owning bitcoin was possible. дальше »
2019-6-10 12:00 | |
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Indian Government’s Crypto “FUD” Is Unlikely to Cease
The newly formed Indian government, led by Prime Minister Narendra Modi, is unlikely to change their stance on cryptocurrencies despite optimistic viewpoints from local industry leaders. The previous task force recommended a blanket ban, but the newly set up committee has started their research afresh, as reported by Quartz India, June 4, 2019. дальше »
2019-6-4 20:00 | |
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Japan Skeptical of Bitcoin ETF Approval Despite Persuasion from Local Politician
Japanese Financial Services Agency (FSA) like the United States Securities and Exchange Commission (SEC) has expressed reservations on the approval of a crypto-based Exchange-Traded Fund (ETF). the major reason cited by the FSA is the problem of volatility which characterizes the cryptocurrency market. дальше »
2019-5-31 02:31 | |
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European Central Bank Executive Backs Central Bank Digital Currencies
In his speech published May 27, 2019, Vitas Vasiliauskas, a Governing Council member of the European Central Bank, highlighted the benefits of a central bank digital currencies (CBDC). The Council member referred to some of the major drawbacks that hinder its implementation. дальше »
2019-5-29 12:50 | |
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Bitcoin Can Wreak Havoc by ‘Ruining’ Governments: Senior Russian Official
By CCN: A top official with Russia’s State Duma (the Russian Parliament) warned that bitcoin has the capacity to ruin governments because it could facilitate the offshoring of massive amounts of money. дальше »
2019-5-21 20:25 | |
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Why Would an Anti-Bitcoin US Congressman Want a Bill to “Outlaw” Cryptocurrencies?
Sherman says, “nip this (Crypto) in the bud” as it undermines the US Dollar He says Cryptos are mostly used by criminals The Democrat Congressman from California, Brad Sherman, a bitcoin basher recently at a meeting of the House Financial Services Committee on May 9 called out for a legislation that will make it illegal […] дальше »
2019-5-21 03:04 | |
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Bitcoin No Threat Yet but Crypto ‘Phenomenon’ Needs Monitoring: European Central Bank
By CCN: The European Central Bank (ECB) has found that crypto does not pose risks to financial stability in the Eurozone. The central bank does recommend, however, that European legislatures create a uniform approach to crypto-assets. дальше »
2019-5-19 15:40 | |
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Minnesota Representative to Reintroduce Hard Fork Tax Reform Bill
Minnesota Congressional Representative Tom Emmer has announced plans to reintroduce a bill meant to “provide temporary safe harbor for the tax treatment of hard forks of convertible virtual currency in the absence of administrative guidance. дальше »
2019-5-17 18:34 | |
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U.S. Congressman Proposes to Ban All Cryptocurrencies
U. S. Congressman Bradley Sherman, during a Financial Services Committee hearing, asked others in his party to join him to prepare a bill to ban all cryptocurrencies, reported The Block Crypto on May 09, 2019. дальше »
2019-5-11 21:00 | |
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Bitcoin Hero and CFTC Chair Giancarlo Expects ‘Explosive’ Spike in Crypto Interest
By CCN. com: J. Christopher Giancarlo, the retiring chairman of the CFTC, expects a massive spike in interest in cryptocurrencies with the launch of bitcoin futures products. Giancarlo made the remarks in a May 1 speech before a Congressional committee. дальше »
2019-5-3 16:39 | |
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CFTC Chair: Cryptocurrencies Bring New Applications for Clearinghouse Registration
In his testimony before the House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit Washington, D. C. , May 1, 2019, CFTC chairman J. Cristopher Giancarlo asserted that the mounting interest in cryptocurrencies might bring new applications for clearinghouse registration. дальше »
2019-5-2 17:00 | |
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11 Crypto Initiatives Indian Government Has Taken
The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. дальше »
2019-5-2 14:28 | |
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11 Cryptocurrency Initiatives Indian Government Has Taken
The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. дальше »
2019-5-1 14:28 | |
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Bank of England Gov: Bitcoin Doesn’t Satisfy the Principles of Currency
By CCN: Dave Ramsden, deputy governor for markets and banking at the Bank of England, said in an interview with CNBC that crypto assets like bitcoin are too volatile to be a store of value and they do not meet the principles of currency. дальше »
2019-5-1 03:00 | |
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India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced
The Indian inter-ministerial committee has drafted a bill to ban cryptocurrencies like bitcoin. Subhash Chandra Garg, the Finance Secretary who led the committee, has previously gone on record to warn of the folly of investing in cryptocurrencies. дальше »
2019-4-26 19:36 | |
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Coinbase Files with the FEC to Shutter its Political Action Committee
Coinbase, one of the largest cryptocurrency exchanges in the world by reported trading volume has shuttered its political action committee (PAC). This was revealed in the exchange’s official filing with the Federal Election Commission (FEC) on April 3, 2019. дальше »
2019-4-24 14:00 | |
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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks
An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims. дальше »
2019-4-19 23:21 | |
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Bank CEOs Testified Before the US Congress Regarding Changes in the Banking Industry
CEOs of different recognized banks have testified before the US House of Representatives Financial Services Committee regarding how the banking industry has changed over the last 10 years. The meeting took place on April 10, and other topics such as digital currencies and blockchain technology have also been addressed. Since Bitcoin’s creation 10 years ago, […] дальше »
2019-4-11 20:13 | |
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QuadrigaCX Starts Bankruptcy Proceedings
It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million. дальше »
2019-4-10 17:39 | |
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Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?
Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17. дальше »
2019-3-30 23:28 | |
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India’s Bureaucracy is Sending Local Bitcoin Industry into a Sh**hole
What would you call an organization that is sitting atop a game-changing regulatory framework for more than a year but couldn’t submit a single proposal nevertheless? Incompetent, perhaps. It is precisely what the Interministerial Committee (IMC) has become: an incompetent group of administrators and ministers that cannot decide what it wants to do with new technologies. дальше »
2019-3-29 13:26 | |
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The Fed’s Low Interest Rates and QE Have Created a Dependent Generation
On March 20, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to keep federal interest rates unchanged. Critics believe that the central bank’s policy of near-zero interest rates and quantitative easing (QE) has corrupted the U. дальше »
2019-3-24 23:50 | |
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QuadrigaCX Update: Exchange’s Legal Representatives Form Creditors Committee
Law firms Miller Thomson and Cox & Palmer have appointed a new committee to aid them in representing close to 115,000 customers of the now defunct Canadian cryptocurrency exchange QuadrigaCX. This according to a court notice published March 19, 2019. дальше »
2019-3-22 12:00 | |
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Bitcoin Ransomware Cripples Boston Legal System for Two Weeks
Boston public defenders suffered a ransomware attack some weeks back but have chosen not to send the bitcoin demanded by the attacker. Instead, they decided to use back-ups to restore services. The Committee oversees public defenders in Boston. дальше »
2019-3-15 20:33 | |
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Global Banking Standard Setter Admits Bitcoin and Crypto are a Risk to Banks
A group of international banking authorities, the Basel Committee on Banking Supervision, which is part of the Bank of International Settlements (BIS), has issued a statement on the current situation of the cryptocurrency market. дальше »
2019-3-15 11:20 | |
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Bitcoin Supporting 2020 US Presidential Candidate Andrew Yang Makes an Important Stride
Yang’s Milestone Pro-crypto and U. S presidential candidate Andrew Yang achieved an important milestone recently, and hence his campaign to become the president of the U. S. gained good traction within a few days. дальше »
2019-3-14 21:41 | |
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Basel Committee Warns Banks on Crypto Assets
The Basel Committee has claimed that crypto assets are a threat to global financial stability and advised banks to deal with them at their own risk, according to an official March 13, 2019 report published by the Bank for International Settlements (BIS). дальше »
2019-3-14 12:00 | |
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Bank Watchdog: Crypto Assets Fail as Money – and Digital Gold
The Basel Committee on Banking Supervision (BCBS), a supranational banking watchdog, has warned that the growth of crypto assets like bitcoin pose a threat to banks and global financial stability, despite “very limited direct exposures. дальше »
2019-3-14 01:30 | |
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Basel Committee Sets out Guidelines for Banks Intending to Enter Crypto Market
The Basel Committee has laid out guidelines for banks that plan to enter the cryptocurrency market. While outlining the supposed threats posed by crypto assets in terms of financial stability, the committee has said it expects banks that are going to have direct exposure to the crypto industry to be prudent in their approach. дальше »
2019-3-13 23:15 | |
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Basel Committee: Growth of Bitcoin is a Bad Sign For Global Banking System
The growth of crypto assets like bitcoin is a bad sign for the global banking system, warned the Basel Committee. The banking supervision forum said that crypto assets had become popular despite exhibiting a high degree of volatility and risk. дальше »
2019-3-13 17:13 | |
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French Finance Committee Believes Anonymous Cryptocurrencies Should Be Banned
On March 7, 2019, Forbes reported that the Finance Committee of France’s National Assembly has put together a review where it advises that anonymous cryptocurrencies should be banned. Hostility Towards Anonymous Cryptocurrencies In a recent report on digital currencies put together by the Finance Committee of France’s National Assembly, the French National Assembly’s Finance Head,Read MoreRead More. дальше »
2019-3-9 00:00 | |
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UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges
The U.N. Security Council has heard that North Korea uses cyberattacks and blockchain technology to evade economic sanctions and obtain foreign currency. Through hacking, the reclusive Republic has raked in around $670 million in foreign exchange and cryptocurrency, a panel of experts told the Security Council’s North Korea sanctions committee, ahead of the council’s annual […] The post UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges appeared first on Bitcoin News. дальше »
2019-3-9 23:25 | |
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Israeli Regulators Set to Soft Pedal on Crypto and ICO Regulations
The Israel Securities Authority (ISA), the country’s market regulator, made recommendations for the creation of a standardized digital assets platform that would support crypto trading and allow firms to raise funds by issuing tokenized assets to investors, reports Reuters on March 6, 2019. дальше »
2019-3-8 18:30 | |
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