Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Several members of Congress have voiced opposition to a rumored blockade on self-hosted crypto wallets in the works at the U.S. Treasury. In a Dec. 9 letter addressed to Treasury Secretary Mnuchin, four members of the Congressional Blockchain Caucus wanted […]
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The Waves-backed project will share a portion of protocol fees with NSBT holders. The Neutrino Protocol, a project building algorithmic cross-platform stablecoins, announced Tuesday the launch of staking rewards for its governance and utility token, NSBT. Neutrino uses an innovative mix of collateral backing and algorithmic supply changes to create a wide range of fiat-pegged […]
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A vast number of nations, including many G-7 members, want more rules for crypto. Digital-asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G-7 meeting concluded that the sector faces an ongoing need for regulation. In addition to talking about COVID-19 and economic issues, the group “also […]
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A mountain of fresh U.S. debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO. Bitcoin (BTC) starts another week aiming for $19,500 and beyond as crunch time for Brexit meets mass U.S. money printing. Cointelegraph takes a look at the price factors at stake for Bitcoin […]
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Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future. Facebook, it is reported, could launch its long-awaited digital currency as early as January 2021 in the form of a U.S. dollar-backed stablecoin. Central banks and regulators have been galvanized into action since […]
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The price of Bitcoin is consolidating around $19,000 as traders brace for a possible pullback. The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD. Bitcoin rally keeps stalling at $19,500 Some foresee the dominant cryptocurrency undergoing a […]
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Tentative clampdowns coming from both the Treasury and the House in the United States lead this week’s Law Decoded. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note For several weeks, rumors have circulated in the U.S. that the Treasury under Steven Mnuchin […]
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Forthcoming regulations are “going to be a lot less bad than people will worry about.” Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system. In an interview with CNBC’s Squawk Box on […]
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Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. The U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC’s […]
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Mainstream news agencies are beginning to provide positive coverage of Bitcoin, acknowledging its proper significance as an asset as the US dollar nosedives. The U.S. Dollar Index fell sharply today, extending a 10 month losing streak that places it at the lowest point since April 2018. International news agency Reuters marked the occasion with a […]
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