A proposal to give every adult in America $2000 a month during the COVID-19 crisis could cause massive inflation and strengthen the case for Bitcoin. Democrat congresswoman Maxine Waters has proposed giving $2000 a month to every adult, and $1000 a month to every child in America, to help see them through the COVID-19 financial […]
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A controversial crypto ban overturned in India, the new Bank of England governor slams Bitcoin, and Jack Dorsey gets backing as Twitter CEO. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]
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A Protocol Labs General Council member bashed the current crypto tax scene at a recent congressional hearing on blockchain tech. In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity. “Doing […]
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An administrator of the Philippines’ crypto regulator reportedly receives an illegitimate income of $98,000 each week from gambling and cryptocurrency companies. Raul Lambino, the administrator of the Cagayan Economic Zone Authority (CEZA) — the special economic zone that licenses cryptocurrency exchanges operating in the Philippines — has come under fire for allegations of corruption. On […]
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The Trump administration proposes boost to the Treasury’s capacity to police cryptocurrency space. Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the Trump administration’s budget proposal for the 2021 fiscal year. However, the budget does little to enhance blockchain-powered innovation, as it […]
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Crypto exchanges based in Brazil face huge fines or being shut down. Legislators in Brazil have gotten support to regulate the crypto market following allegations of fraud at Atlas Quantum, Zero10, and Trader Group last year, and February saw some of the results of those actions. Bitcoin.com has reported that two major cryptocurrency exchanges based […]
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David Marcus of Facebook and Calibra came into the media spotlight late in 2019, and quickly became a vital figure for the industry. David Marcus was born in France, grew up in Paris and Geneva, and had shown interest in tech from his early years. At 23, he founded his first company — internet provider […]
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The oil industry is facing some big challenges, and experts think blockchain could be the solution. Oil is central to the growth of the global economy and maintenance of political stability. But for an industry that plays such an important role in both shaping and maintaining the world around us, its business model is quickly […]
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Video game currencies have been stricken off an official IRS guidance as examples of virtual currencies, as the agency ups its scrutiny of crypto transactions. The Internal Revenue Service (IRS) removed wording on its website that put game currencies as examples of a convertible virtual currency. This clarification is important as a new tax filing […]
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President Donald Trump’s $4.8 trillion 2021 budget proposal hopes to return the Secret Service to the Treasury in a bid to enhance cyber and financial crime investigations. President Donald Trump’s $4.8 trillion 2021 budget proposal hopes to reconsolidate the Secret Service with the Treasury Department in order to enhance cyber and financial crime investigations. Established […]
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