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House Dems request Trump admin. briefing on crypto seized from terrorists

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The information will be used to develop regulation aimed at tackling the illicit use of cryptocurrencies.

DeFi giant Aave (LEND) rallies 40% after receiving UK FCA approval

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Aave's LEND rallied to a new all-time high at $0.77 after receiving an Electronic Money Institution license from the UK Financial Conduct Authority.

Tether tops Paypal and Bitcoin for average daily transfer value

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The average daily transfer value for Tether has surpassed that of Bitcoin and PayPal according to recent report. A report by CoinMetrics has revealed that Tether’s 7-day average adjusted transfer value reached over $3.55 billion as of August 20. This is around 20% more than that for Bitcoin which was a reported $2.94 billion according to the research.

Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation

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Powell, the central bank chief since 2018, is likely to detail a set of measures aimed at pushing inflation higher amid a coronavirus pandemic that has dragged the U.S. economy into one of its darkest hours.

Yield Farming Fuels Buzz Around DeFi, but Fundamentals Are Lagging

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DeFi has been the name of the game since the start of the summer, but how much is the sector really growing?

Reviving Tourism and User Privacy Via Blockchain-Based ID Systems

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Blockchain could be key for ensuring user privacy in COVID-19 contact-tracing apps.

Bitmain Delays Antminer Shipments Amid Internal Conflicts

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Bitmain announces three-month Antminer order delays, citing “external interference on company operation.”

US Printed More Money in One Month Than in Two Centuries

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“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”

Grayscale’s Crypto Funds Grow by $1 Billion in Just 11 Days

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Grayscale’s Bitcoin Trust currently holds $4.3B assets under management, but this growth may be due to ‘in kind’ purchases.

US Blockchain Firm Buys 17K Bitcoin Mining Rigs From Bitmain

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Kevin Turner, president and CEO of Core Scientific and the former COO of Microsoft said, "Core Scientific will purchase more than 17,000 S19 Antminers from Bitmain on behalf of its clients and for its own use. It will be the largest number of S19 machines purchased by a single blockchain hosting company", according to Core Scientific.

PayPal, Venmo to Roll Out Crypto Buying and Selling: Sources

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Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.

Generational Shift to Open $28 Trillion Retirement Market to Crypto

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The CEO of Kingdom Trust, a regulated custodian managing over $13 billion in assets, believes a generational shift will soon open the $28 trillion retirement industry to Bitcoin.

Grayscale Is Now Buying 1.5 Times the Amount of Bitcoin Being Mined

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According to data published by independent crypto researcher Kevin Rooke, Grayscale has added 18,910 BTC to its Bitcoin Investment Trust since the halving, while only 12,337 Bitcoins have been mined since May 11.

Gemini Exchange Partners With Samsung

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Gemini has teamed up with Samsung, paving the way for mobile wallet interaction with the U.S.-based crypto exchange's app.

‘What Are You Smoking?’ Winklevoss Pans Goldman Sachs Bitcoin Bashing

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Tired claims that Bitcoin and cryptocurrencies are not an asset class say more about Goldman Sachs and the banking system itself, proponents argue.

Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K

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Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500. 

Congress Has Introduced 32 Crypto And Blockchain Bills For Consideration In 2019-2020

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There appears to be no shortage of interest in cryptocurrency and blockchain policy in D.C. as Members in the House of Representatives and U.S. Senators have introduced a total of 32 bills in the 116th Congress.

BTC Annual Inflation Rate Almost 50% of World Average After Halving

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Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average.

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

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Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.

Central Banks Recommended to Ban Stablecoins

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Central banks push for heavy-duty regulation of centralized, privately-issued global stablecoins and consider prohibiting decentralized ones. Fiat-pegged cryptocurrencies are coming under scrutiny, based on recommendations from the Financial Stability Board.

May’s Bitcoin Rewards Halving Will Force Weak Miners Off the Network

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The halving is a highly anticipated event for industry insiders, with many having a bullish outlook for the price after the issuance is reduced. Production is cut in half, and many expect the demand to stay the same or to increase, which means the price would be bound to increase according to the laws of supply and demand.

Chicago DeFi Alliance Launches to Save Decentralized Finance

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Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and other applicable requirements.

YouTube Bans Drive Cryptocurrency Fans to Decentralized Alternatives

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n recent years, Google-owned video-sharing platform YouTube deleted and banned an array of cryptocurrency-related channels. The platform’s policy has driven cryptocurrency enthusiasts to look for decentralized alternatives to YouTube, which allow users to skirt censorship and even incentivize them with their own tokens.

Trump Calls For $2T Infrastructure Package In Phase 4 Stimulus

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"With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4," Trump tweeted on Tuesday.

Federal Resrve Announces ZERO Reserves

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As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020.  This action eliminated reserve requirements for all depository institutions.

Brave Partners With Binance to Develop In-Browser Crypto Trading

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Privacy-focused browser Brave Software is hoping to facilitate in-browser cryptocurrency trading, though it’s not quite ready yet.

Dow tumbles 900 points to end Wall Street’s worst week since 2008

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Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow.

JPMorgan Chase Settles in Suit Over Credit Card Crypto Purchases

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The sixth-largest bank worldwide, JPMorgan Chase Bank, has settled a lawsuit over unannounced changes made to the fee structure applied to cryptocurrency purchases made using its credit cards in 2018. The details of the settlement have not been disclosed.

Bitcoin Hashrate Races to All-Time Highs as BTC Shows Signs of Vitality

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BTC’s hashrate has been able to surge to fresh all-time highs today, which is a sign of fundamental strength that could mean further upside is imminent.

India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin

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India’s Supreme Court just struck down a central bank directive that effectively banned Bitcoin and other cryptocurrencies in India, Bloomberg has reported just minutes ago as of the time of this article’s writing.

Trump Calling For Even a Bigger Rate Cut Benefits Bitcoin For This Key Reason

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Bitcoin stands to gain as ordinary people begin to realize the global financial system is on life support. Signs of trouble stirred yesterday as the Federal Reserve cut rates by 50 basis points. Following this, President Trump then goes to the extreme by calling for further cuts.

JP Morgan Report: Bitcoin Receives More Institutional Interest As Stablecoins Grow In Pupolarity

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Blockchain and cryptocurrencies expanded their presence and usage in 2019, says JP Morgan. The giant American multinational investment bank filed a comprehensive report regarding the performance of the technology and digital assets in 2019.

Privacy Study: Brave Browser Smacks Down Chrome, Firefox & Safari

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Used ‘out of the box’ with its default settings Brave is by far the most private of the browsers studied. We did not find any use of identifiers allowing tracking of IP address over time, and no sharing of the details of web pages visited with backend servers.

US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security

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Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate.

BitPay Launches In-Store Crypto Payments With New POS Partnership

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Blockchain payments provider BitPay is now taking its service into bricks-and-mortar stores.

Halving Could Mean Doubling - Of Crypto Miners' Costs

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Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher. To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs.

Six Out of Forbes Top 50 Fintech Companies for 2020 Are in Blockchain

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Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies. 

Coronavirus Outbreak In China Forces Bitcoin Mining Companies to Shutdown

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The Coronavirus outbreak in China has taken the world by storm as the world’s second-largest economy is facing major challenges ahead of it. Business operations in china have been impacted several due to this outbreak and Bitcoin mining companies are forced to shutdown their operations as of now.

Crypto Adoption: TravelbyBit Expands Hotel Booking Options with Expedia

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Online crypto booking travel agency TravelbyBit has announced the integration of Expedia’s hotel list to its booking inventory.

Australia to ban cash payments over AU$10,000 in the name of thwarting crime

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In October, the Currency (Restrictions on the Use of Cash) Bill 2019 passed the lower house. The proposed Bill, if passed, would essentially block the purchase of goods over AU$10,000 via cash and as the explanatory memorandum [PDF] details, it would also introduce offences for entities that make or accept cash payments of AU$10,000 or more.

Deutsche Bank Expects Digital Currencies to Go Mainstream In Next Two Years

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The onset of digital currencies is likely to change the face of the global payments industry in the next few years. On Monday, January 27, Deutsche Bank published a report stating that the global economy will see a widespread adoption of digital currencies in the next two years.

Meet the Crypto Angel Investor Running for Congress in Nevada

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"I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency," Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk.

Oklahoma Senator Working on Bill for State-Backed Blockchain Institution

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Oklahoma senator Nathan Dahm wrote a new bill for his state which looks to build a state-backed innovative financial institution around blockchain technology, establishing a new classification of institutions.

Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro

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Venezuela will soon sell oil from reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR).

ICE Appoints Insiders as New CEO and President Of Bakkt

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The Intercontinental Exchange (ICE)-backed Bitcoin futures trading platform Bakkt has found its new leaders inside the company.

A Decade of Quantitative Easing Has Paved the Way for the Age of Digital Currency

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Through a radical policy of “quantitative easing” introduced to counter the “zero lower bound” problem in interest rates, the central banks of the U.S., the euro zone, and Japan have added almost $10 trillion in assets to their balance sheets since the end of 2009.

US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter

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The U.S. taxman's most recent crypto guidance is sowing confusion, according to a letter from eight congressmen published Friday.

Bitcoin, Gold, Silver And Armageddon

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If global warning isn’t going to get us, an asteroid isn’t going to strike, a plague thawing from Siberian ice sheets about to scythe us down, it will be the civil war in America, the collapse of the dollar, peak oil, no oxygen in the oceans, the 1%, a pantheon of local and international politicians, terrorists, dirty bombs and perhaps the much predicted second coming itself that will holocaust.

Greeks set to face heavy fines if they don't spend 30 per cent of their income electronically

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Greeks will be hit with a hefty fine if they do not spend almost a third of their income electronically in an unprecedented bid by the new government to stamp out rampant tax evasion.

Georgia Governor Appoints Bakkt CEO Loeffler as New US Senator

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Georgia Governor Brian Kemp officially appointed Bakkt CEO Kelly Loeffler to the U.S. Senate on Wednesday, where she will fill current Senator Johnny Isakson’s seat. 

Jack Dorsey’s ‘Future Defining’ Plan To Bring Bitcoin To 1.2 Billion People

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Bitcoin and cryptocurrency has struggled to find its place in the developed world— where payments are easy, corruption is (relatively) low and infrastructure is in place.

Russian Central Bank Says It Would Support Crypto Ban

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The Bank of Russia has backed a potential ban on cryptocurrency payments.

Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions

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Fidelity Digital Asset Services has obtained a trust company charter from the New York Department of Financial Services (NYDFS), allowing the Fidelity Investments unit to custody bitcoin for institutional investors in the financial capital of the U.S.

China is building up its ‘shadow reserves’ to counter its reliance on the US dollar

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China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce its dependence on the world’s largest reserve currency, analysts say.

How Trump’s helping China win the digital currency race

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Dovey Wan, partner at Primitive Ventures, said, in a speech yesterday, that China’s upcoming digital currency efforts are putting it ahead of the US in the competition for global financial dominance.

Fed’s Powell says interest rates unlikely to change as long as growth continues

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The Federal Reserve is unlikely to adjust interest rates anytime soon so long as the economy remains on its present path, central bank Chairman Jerome Powell told Congress on Wednesday.

Banker Who Called Bitcoin ‘Evil Spawn’ Heads BIS Digital Currency Hub

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A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation. 

Russia: Government Official Expects To Mine 20% Of The World's Bitcoin

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Bitcoin mining company owned by Russia’s internet ombudsman is planning to open a new facility and corner 20% of the international market.

Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry

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More than six months after the China National Development and Reform Commission proposed to categorize bitcoin mining as an industry to be phased out from the country, it appears the agency has now scrapped that plan.

IMF Chief Christine Lagarde Calls for Digital Currencies, But We Need to Go Further

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Lagarde’s speech at the Singapore Fintech Festival several days ago called on countries to issue their own digital currencies.

IBM joins ING in saying central bank digital currencies are on the way

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According to a report conducted by old-school tech firm IBM and the Official Monetary Institutions Forum (OMFIF), we can expect to see fiat-based digital currencies within the next five years.

CME Reveals Details of Upcoming Bitcoin Options Contracts

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CME Group has just published the specifications for its upcoming bitcoin options contracts.

Bitcoin Trading Spikes as Argentina Bans Buying More Than $200 a Month

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Argentina is back on the radar for Bitcoin (BTC) proponents after sudden capital controls cut U.S. dollar purchasing power by 98%.

Bakkt to launch consumer app in first half of 2020; will test product with Starbucks

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Bitcoin derivatives provider Bakkt plans to launch a cryptocurrency consumer app and merchant portal in the first half of 2020, the firm announced in a blog post on Monday.

President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain

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Congressman Warns Bitcoin Is A Threat To The U.S. Dollar

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United States Congressman Brad Sherman went on an anti-Bitcoin and cryptocurrency rant where he dismissed the financial technology as only useful for criminals and warned that these new types of assets have the potential to threaten the U.S. dollar’s dominance over the global financial system.

Ripple Expands Into Washington, DC

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Ripple has expanded, opening offices in Washington, DC – the first major blockchain company with a dedicated global regulatory team in the US capitol.

Binance CEO: Putin Is the Most Influential Person in Blockchain

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Changpeng Zhao, CEO of major cryptocurrency exchange Binance, named Russian President Vladimir Putin as the most influential person in the blockchain industry.

US Congressman: Facebook Should Add Bitcoin, Not Create Libra

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United States Rep. Warren Davidson has said that Facebook adding Bitcoin (BTC) to its Calibra wallet would be a “way better idea” than creating its new currency Libra.

Bank of Canada exploring digital currency that would replace cash, track how people spend money

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An internal Bank of Canada presentation says benefits of a digital currency include the sharing of personal information with police or tax authorities.

Report: G7 Says ‘Global Stablecoins’ Pose Threat to Financial Stability

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The G7 believe that no stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks are adequately addressed. [...] Addressing such risks is not necessarily a guarantee of regulatory approval for a stablecoin arrangement.

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

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Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term.

Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents

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The second-largest U.S. bank has begun hiring for blockchain positions. The job openings, which appeared in recent months, are the first indicator that Bank of America plans to do much else with the technology apart from 78 blockchain-related patents the bank has filed or won to date. 

US IRS Adds Question on Crypto Usage to New Income Tax Form Draft

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The United States Internal Revenue Service (IRS) has added a question on crypto ownership to the standard 1040 income tax form for the coming tax season.

US SEC, FinCEN, CFTC Jointly Warn Against Illicit Use of Crypto Assets

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The chairmen of the three primary financial regulators in the United States have released a joint statement warning crypto users of anti-money laundering (AML) and countering the financing of terrorism (CFT) obligations.

Official: Alipay to Ban All Bitcoin-Related Transactions

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lipay, the digital payment arm of Chinese e-commerce giant Alibaba, has declared that it will be banning any transactions related to Bitcoin (BTC) and other cryptocurrencies.

The U.S. Government Tried To Shut Down Bitcoin

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Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin. Now, it’s been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into “shutting down” bitcoin by her boss at the U.S. attorney’s office in 2012.

Bitcoin to Shine Once Liquidity Crisis Gets Triggered

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The global dollar shortage is a looming crisis that doesn’t get much media attention. Instead, we keep hearing about the trade war and the seesawing stock market but almost nobody talks about the biggest problem that overshadows them all.

*Fed to Increase Supply of Bank Reserves*

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The Federal Reserve will soon increase its purchases of short-term Treasury securities to avoid a recurrence of the unexpected strains experienced in money markets last month, Fed Chairman Jerome Powell said Tuesday.

Cryptocurrency Donations to Politicians Legal in Japan Says Internal Affairs Minister

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Cryptocurrency donations to political parties received a thumbs up from Japan’s internal affairs and communications minister Sanae Takaichi at a press conference Tuesday.

Central Bank Digital Currency Is ‘Inevitable,’ Philly Fed Boss Says

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Patrick Harker, President of the Federal Reserve Bank of Philadelphia, has claimed central bank digital currencies are inevitable. However, the financier believes the United States should not lead the way, given the dollar's role as the world's reserve currency. According to a Reuters report on Oct. 2, he told a community banking conference:

“It is inevitable... I think it is better for us to start getting our hands around it.”

US Lawmakers Ask Fed to Consider Developing ‘National Digital Currency’

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Two U.S. lawmakers want the Federal Reserve to consider creating a digital dollar. In a letter sent to Federal Reserve Chairman Jerome Powell, Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) outline concerns they have about risks to the U.S. dollar if another country or private company creates a widely used cryptocurrency, and ask whether the central bank is looking into creating its own version.

Sia Reaches $225K SEC Settlement Over $120K Unregistered Token Sale

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Boston-based Nebulous, makers of the Sia network for decentralized data storage, has settled with the U.S. Securities and Exchange Commission (SEC) over an unregistered securities offering and conversion scheme.

Bitcoin Giants Coinbase, Circle, Kraken, Bittrex, Grayscale And Others Band Together To Rate Tokens

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Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.

Ant Financial and Bayer to Jointly Develop Blockchain for Agriculture

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Bayer Crop Science has agreed to work with Ant Financial, the payments affiliate of Alibaba, to develop a blockchain-based system for agricultural product monitoring.

U.S. House Passes Bill Requiring Study Of Blockchain Technology

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Last Thursday the "Advancing Innovation To Assist Law Enforcement Act" passed in the House of Representatives. The bill requires the Financial Crimes Enforcement Network (FinCEN) to conduct a study on the use of blockchain, AI, and other technologies by the agency and provide a report to the House Financial Services Committee and the Senate Banking Committee.

Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’

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Central banks “have used their tools to a large extent already” and are running out of options to mitigate the impact of global economic risks, Deutsche Bank’s CEO warned on Wednesday.

NASA Looks to Hire Data Scientist With Crypto and DLT Background

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According to a LinkedIn job listing posted on Sept. 20, NASA has a vacancy at its Jet Propulsion Laboratory in California, whose primary function is the construction and operation of planetary robotic spacecraft and conducting Earth-orbit missions.

Microsoft edges up as it authorizes $40 billion of buybacks and raises dividend

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Microsoft shares ticked up 1% in extended trading on Wednesday after the company said it has authorized another $40 billion for share buybacks and will raise its quarterly dividend by 5 cents to 51 cents a share. The company has routinely bought back shares of its stock under CEO Satya Nadella, and in the fiscal year that ended on June 30 the company bought back $19.54 billion worth of its shares. In the previous fiscal year, the buybacks came out to $10.72 billion. 

Fed Preps Second $75 Billion Blast With Repo Market Still On Edge

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It had been more than a decade since Federal Reserve traders jumped into U.S. money markets to inject cash. And they seemed to get the reaction they wanted Tuesday morning, instantaneously driving down key short-term rates that had spiked to as high as 10% and threatened to muck up everything from Treasury bond trading to lending to companies and consumers.

Fed runs repo Tuesday amid worries about keeping its benchmark rate in check

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The Federal Reserve conducted a repurchase operation Tuesday involving $53 billion worth of various debt instruments as it seeks to control the level of its benchmark interest rate. It was the first such move in a decade.

CFTC Taps Coinbase Lawyer to Head Division Overseeing Bitcoin Futures

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The U.S. Commodity Futures Trading Commission (CFTC) has just named Coinbase vice president Dorothy DeWitt as its new market supervisor.

BIS Paper Makes Case for ‘Embedded’ Regulation in Blockchain Markets

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Research from the Bank for International Settlements (BIS), often dubbed the “bank for central banks,” has come out in favor of building regulation into blockchain-based financial markets.

CME Files to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC

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The Chicago Mercantile Exchange (CME Group) wants to let bitcoin futures traders hold a greater number of open positions at one time.

France will not tax crypto-to-crypto trades; will tax gains converted into ‘traditional’ currency

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French economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a report by Bloomberg. Instead, France will only tax cryptocurrency gains when they are converted into "traditional" currencies.

THREE THINGS TO KNOW ABOUT CHINA’S DIGITAL YUAN (NOT A CRYPTOCURRENCY)

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China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC).

Rapper Akon Says Bitcoin Better Than ‘Military-Backed’ US Dollar

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Grammy award-winning music artist Akon has rebuffed Bitcoin (BTC) naysayers who claim that the asset lacks intrinsic value. In a radio interview published on Sept. 10, Akon lambasted the perception that fiat currencies are any less vulnerable to this same critique, arguing that: “Nothing backs the dollar. The U.S. doesn’t have natural resources that back the dollar. What they do have is the military.”

Jamie Dimon says JP Morgan is preparing for the risk of zero rates in the US

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Jamie Dimon said that while he doubts the wave of negative interest rates in countries around the world will reach the U.S., he's preparing J.P. Morgan Chase for the possibility anyway. "I don't think we'll have zero rates in the U.S., but we're thinking about how to be prepared for it, just in the normal course of risk management," Dimon said Tuesday at a conference in New York.

Nasdaq Lists Decentralized Finance Index for Digital Assets

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Major United States stock exchange Nasdaq has unveiled a blockchain decentralized finance index called Defix (DEFX). According to a Defix press release published on Sept. 9, brokerage firm Exante streamlined the launch of the index.

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

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Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.

Andrew Yang Wants to Make US Elections Fraud-Proof Using Blockchain

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Democratic candidate Andrew Yang says he will implement blockchain-based mobile voting if he wins the 2020 United States presidential election. On his campaign website, the blockchain advocate says he believes American citizens should have the option of voting on a mobile device — with blockchain technology used for verification purposes.

Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners

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Cryptocurrencies are helping to facilitate human trafficking, and thus should be regulated far more heavily than at present, an expert witness will tell a U.S. Senate subcommittee today.

US Congress Urged to Regulate Crypto Sector Under Bank Secrecy Act

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The Financial Integrity Network (FIN) — a Washington D.C.-based advisory firm — has urged the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA).

US Air Force ties up with blockchain startup to secure defense data

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The United States Air Force (USAF), the aerial and space warfare service branch of the U.S. Armed Forces, has signed a deal with blockchain startup Constellation Network to secure defense data.

US Banking Giant PNC Starts Using RippleNet for Cross-Border Payments

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PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — has become the country’s first to start using the RippleNet blockchain network for cross-border payments.

Report: Craig Wright Must Forfeit 50% of Bitcoin in Court Case

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The protracted legal battle involving self-proclaimed Bitcoin (BTC) inventor Craig Wright and the estate of computer scientist David Kleiman could go in Kleiman’s favor.

Uh-oh: Silicon Valley is building a Chinese-style social credit system

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Have you heard about China’s social credit system? It’s a technology-enabled, surveillance-based nationwide program designed to nudge citizens toward better behavior. The ultimate goal is to “allow the trustworthy to roam everywhere under heaven while making it hard for the discredited to take a single step,” according to the Chinese government.

US Treasury Blacklists Bitcoin, Litecoin Addresses of Chinese ‘Drug Kingpins’

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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws.

Coinbase Custody Buys Xapo Institutions, Continuing Rapid Expansion

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Coinbase Custody has reportedly acqui