United States

Bail Bloc Founder Says How Monero Mining Can Help ICE Detainees

One cryptocurrency project is using Monero (XMR) to give undocumented immigrants a better shot at a fair treatment in the United States judicial system. The Bail Bloc project collects cryptocurrency to help people get out of pretrial incarceration for cases with the United States Immigration and Customs Enforcement (ICE). Unlike conventional charities, Bail Bloc doesn’t …

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Fake Trading Volumes and the Price of Bitcoin: Are They Connected?

Last year, Bitwise Asset Management reported to the United States Securities and Exchange Commission that 95% of trading volume in Bitcoin (BTC) was fake. Bitwise found that, according to data published by CoinMarketCap — a widely cited tracker of crypto statistics — Bitcoin’s approximate average daily volume in April 2019 was $10 billion. In comparison, …

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The Need to Report Carbon Emissions Amid the Coronavirus Pandemic

JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report titled “Banking on Climate Change.” The bank recently joined a chorus of other financial institutions and endowments that …

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Blockchain-Related Deals Are Moving From The US to China

New York-based research firm, CB Insights, has released a report showing that  Chinese startups are starting to substantially increase their blockchain-related investments. The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015, deals from US-based companies accounted for 51% of Blockchain tech growth. Comparatively China-based companies represented …

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California Governor Namedrops Bitcoin in Speech About ‘Extraordinarily Bad People’

California Governor Gavin Newsom warned the public against Bitcoin (BTC) fraudsters during his live speech about the coronavirus outbreak. On March 26, Newsom mentioned the leading cryptocurrency as part of his official speech about what measures had been taken by the state to prevent the further spread of the virus in California. Newsom went on …

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Tron Partnered with Metal Pay to Allow Instant Buying of TRX in the U.S.

Tron (TRX) partnered with cryptocurrency service provider, Metal Pay, to enable instant purchase of TRX in the United States. According to an announcement shared with Cointelegraph on March 25, TRX will now be available for purchase with fiat currency in the Metal Pay mobile application. Users can pay for the crypto asset via debit card …

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Telegram Denied: Court Sides With SEC, Grants Injunction Against Issuing GRAMs

A United States District Court has granted an injunction against Telegram, preventing the company from issuing its GRAM tokens at the present time. Court says that GRAMS are securities under Howey test Per a March 24 filing granting the Securities and Exchange Commission’s request for a preliminary injunction, the Court wrote that: “The Court finds …

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In COVID-19 Stimulus, US Congress Eyes Digital Dollar to Send Aid to the Unbanked

Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to streamline payments to U.S. citizens outside of the traditional financial system. A digital dollar for direct payments to families  A draft of the legislation circulating as …

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DHS Names Blockchain Managers” Among “Critical Infrastructure” Workers

A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers. On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing the “special responsibility” of workers within a “critical infrastructure industry” to maintain normal working schedules amid the …

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SEC Seeks Early Judgement in Lawsuit Over Kik’s $100M ICO

The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017. The SEC first brought its case against Kik in June 2019. The commission argued that the company’s ICO comprised a clear issuance of …

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