United States

After the US Senate Pros and Cons on Digital Money — What Do We Do With It?

The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial inclusion of Bitcoin (BTC) and other digital assets. Yet, despite the horror we have been seeing as our industries continue to suffer, the …

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Bitcoin Is a Better Hedge Against USD Than Gold

Since Black Thursday, Bitcoin (BTC) has become a better hedge against the U.S. dollar than gold. At the same time, its correlation with the S&P 500 Index reached unprecedented highs. Correlations chart. Source: Coinmetrics. Diverging paths after Black Thursday Since the disintegration of the Bretton Woods system in 1971, investors have looked to gold as …

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$12B Advisory Group CEO: BTC is Safe Haven Asset Amid Political Tension

Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says Bitcoin’s recent bullish activity shows it has the power to replace proven safe haven assets like gold. In a statement on the deVere Group’s website posted July 27, Green said Bitcoin (BTC) is currently living up to its namesake as “digital gold” …

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New Ruling Classifying Bitcoin as ‘Money’ Isn’t Anything Special

A recent Washington D.C. court case saw a man prosecuted on multiple counts for running a Bitcoin (BTC) tumbler — a method of hiding Bitcoin transactions. The court charged the defendant on three counts back in December 2019, including operating an unlicensed money transmitting business, as a July 24 court document revealed.   The document noted: …

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Verisign Wins US Patent for Blockchain Powered Domain Names

Verisign, a major domain name registry that controls the ‘.com’ and ‘.net’ domains, has acquired a patent that applies blockchain tech to domain names. The United States Patent and Trademark Office (USPTO) granted patent number 10,721,060 to Verisign on July 21. Addresses instead of numbers Titled Domain name blockchain user addresses, the new patent outlines …

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US State of Texas Saddles Up to Become the Next Blockchain Capital

Everything is bigger in Texas, and now the state with the second-largest geographical area in the United States is aiming to prove that it can lead the way in blockchain innovation. While well-known companies like Hedera Hashgraph and Bitmain have already established a strong presence in Texas, the state has recently formed its own blockchain …

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As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along

The U.S. economy is experiencing a shortage of coins. With this in mind, the Community State Bank, or CSB, of Milwaukee is offering a five percent premium to customers who turn in coins to one of its locations. Meanwhile Bitcoin (BTC) is not expected to run out of Satoshis anytime soon. CSB announcing “Crazy time”. …

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Institutional Investors Are Turning Their Attention to Decentralized Finance

The decentralized finance sector has been steadily growing and has begun to see the fruits of its labor. But while there is much hype surrounding DeFi projects and applications, particularly during Bitcoin’s (BTC) uncharacteristic lack of volatility, there is still a long way to go.  The technology is still in its early stages, yet even …

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The Issues Shaping the US and China’s ‘New Cold War’

From control of the digital realm to territorial skirmishes, these are the issues shaping an increasingly troubled relationship between the U.S. and China. No geopolitical relationship will shape the world over the coming decade as much as that of the U.S. and China.  A day after President Trump signed the Hong Kong Autonomy Act enabling …

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Texas Man Allegedly Used $1.1M in COVID-19 Relief Funds to Buy Crypto

A Texas resident was charged by the U.S. Attorney for the Southern District of Texas on July 14. Allegations suggest that he fraudulently filed loan applications for $1.1 million through the Paycheck Protection Program, or PPP. He claimed he was seeking COVID-19 relief, but allegedly actually used the funds to purchase cryptocurrency. According to the …

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