A draft of a US House bill restricting big tech companies from entering the crypto assets market has surfaced days before the congressional hearings on Facebook’s Libra. A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s […]
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Republic of Georgia rules to exempt cryptocurrencies from value-added tax. Republic of Georgia has exempted cryptocurrencies from value-added tax (VAT), as Bitcoin.com reported on July 13. Per the report, Georgia’s finance minister Nodar Khaduri recently signed a bill aimed at regulating the taxation of entities that trade or mine cryptocurrencies. The bill entered into force […]
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Japanese authorities are investigating the impact of Facebook’s Libra stablecoin. Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, The New York Times reported on July 12. Per the report, Japanese authorities have set up a working group tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The working […]
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Most of the top 20 cryptocurrencies are reporting losses on the day as Bitcoin falls under the $11,450 mark again. Saturday, July 13 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin (BTC) fell below the $11,450 mark again. Market visualization courtesy of Coin360 Bitcoin is […]
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The Ethereum smart contract of 0x decentralized exchange protocol has been suspended after the discovery of a vulnerability in its code. The Ethereum (ETH) smart contract of 0x (ZRX) decentralized exchange (DEX) protocol has been suspended after a vulnerability has been uncovered in its code, the project’s team announced in a Medium post published on […]
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Researcher from RMIT explains why startups will fail to fulfil their promises to disrupt real estate with blockchain. Why have blockchain pilots in real estate abated somewhat? Those projects bump up against the fundamental inconsistency of blockchain and existing state system, and it seems they cannot confessed to this. First, there is no such thing […]
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The Brazilian state of Bahia announced an agriculturally-focused blockchain app, designed to make bidding for government contracts transparent. In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12. The blockchain-based solution, called Online Bid […]
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Veil, an Ethereum-based predictions platform using the Augur marketplace, has shut down. The Ethereum-based predictions platform Veil is shutting down, according to an official Medium post on July 11. As of July 11, no new markets will be added to the platform. Trading will be disabled entirely on July 24. Veil co-founder Paul Fletcher-Hill recommended […]
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Ethereum co-founder Mihai Alisie has spoken up on his concern that Libra is, and will potentially remain, a centralized digital currency. Ethereum’s co-founder Mihai Alisie is extremely concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency,” according to a report by Bloomberg on July 11. In an interview with Bloomberg, Alisie […]
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The co-founder of defunct Bitcoin exchange BitFunder has received 14 months imprisonment in connection with federal charges of obstruction of justice and securities fraud. The operator of now-defunct Bitcoin (BTC) exchange BitFunder, Jon Montroll, has received a 14 months prison sentence following federal charges of obstruction of justice and securities fraud, finance and trading industry […]
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