United States

Coinbase to Custody FTX’s Exchange Token

Coinbase has announced that it will provide custody services for the exchange token of the Binance-backed crypto derivatives platform FTX (FTT) on May 22. Coinbase Custody will comprise the primary custodian for the ERC-20 token, managing custody, compliance, and insurance for the FTT tokens. Coinbase stated that FTX is its “largest exchange client to-date.” The …

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Jack Dorsey Gives $5M to Support UBI ⁠— Could Crypto Deliver it?

Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts to establish universal basic income (UBI) for Americans. Dorsey announced the plan on Yang’s podcast, Yang Speaks, on May 21, while discussing the …

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In Congress, a New Bill Asks for Mass Survey of Blockchain Technology in the US

On May 19, Representative Brett Guthrie (R-KY) introduced the “Advancing Blockchain Act.” Per a May 18 draft of the legislation obtained by Cointelegraph, the bill asks the Federal Trade Commission and the Secretary of Commerce to put together a new survey of blockchain’s uses and the state of adoption in the United States. Establishing jurisdictions …

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Tuur Demeester: Bitcoin Price Above $50K ‘Not Insane at All’

Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 certainly possible in the future. In a video posted to crypto research firm Messari’s YouTube channel on May 18, Demeester said Bitcoin (BTC) was “back in a bull market” following …

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Fed Chair: ‘We Have the Ability to Create Money Digitally’

Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks as evidence of the need for cryptocurrency. In a May 17 interview on 60 Minutes, Powell spoke to news anchor Scott Pelley, saying the Fed had essentially flooded the economy …

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Visa Files Patent Application For Digital Currency

Visa has filed an application to create digital currency on a blockchain with the U.S. Patent and Trademark Office. According to the application published May 14 — but filed way back in November 2018 —  inventors Simon J. Hurry and Alexander Pierre with the Visa International Service Association in San Francisco have sought a patent …

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The Remote Work Renaissance Will Demand Decentralized Technology

Milton Friedman called it the tyranny of the status quo. It is a resistance to change that imprisons us in the moment and blinds us to potential. Yet, despite it all, innovation proves inevitable and change is often thrust upon us, quickly transforming the norm. We subsequently acclimate to the change to which we first …

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Devon Brewer: Rediscovering the Golden Rule

The Golden Rule may be the most basic moral approach to dealing with others. It seems universal across cultures and religions. The Golden Rule is instinctive. We all know it, even as children without education. **The following essay was written by Devon Brewer. “Rediscovering the Golden Rule” was originally published on Voluntaryist.com and is reprinted …

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BitMEX CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin

Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, …

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Proof-of-Stake or Proof-of-Work, That Is the Question

Bitcoin (BTC) is the largest decentralized digital currency in the world, with an estimated market capitalization of around $169 billion. In the nearly 12 years since the publication of Satoshi Nakamoto’s famous white paper in 2008, Bitcoin has become the most well-known example of a cryptocurrency, and it is responsible for sparking the blockchain revolution. …

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