Cryptocurrency

Blockchain Association executive debunks rumored crypto crackdown by Treasury

Kristin Smith, executive director of the Blockchain Association has dismissed fears that the United States Department of the Treasury was close to cracking down on Bitcoin (BTC) and cryptocurrencies. Indeed, rumors of the Treasury bringing money laundering charges against some financial institutions using cryptocurrencies began circulating on social media over the weekend. The report emerged …

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Federal Reserve Chairman Jerome Powell Says Cryptocurrencies Are ‘Vehicles for Speculation’

<div class=”featured_image_container”> </div> <strong>The Federal Reserve chairman believes that cryptocurrencies are “really vehicles for speculation” and “No one is using them for payments.” He then compared crypto to gold. His comments </strong><strong>about cryptocurrency followed Coinbase’s direct listing on Nasdaq.</strong> Fed Chair Powell Thinks Crypto Is for Speculation Federal Reserve Chairman Jerome Powell talked about cryptocurrency …

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Latest Episode of The Simpsons Prices Bitcoin at ‘Infinite’ as the Crypto Consolidates Above the $60K Threshold

<div class=”featured_image_container”> </div> <strong>Bulls are taking the reins of the price action in the bitcoin across the board, making a solid breakout above the $60,000 threshold, reaching new all-time highs, and it seems The Simpsons “did it again.” In a new episode broadcasted on Sunday, <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener”>BTC</a> is highlighted in a ticker …

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Spanish Tax Authority Issues 14,800 Warning Letters to Cryptocurrency Holders

<div class=”featured_image_container”> </div> <strong>Spanish authorities are enforcing their tough stance on the cryptocurrency industry, and the national tax agency seems to be taking it very seriously. Now, the Hacienda issued 14,800 warning letters to Spaniards under their watch for allegedly having failed or need to declare crypto holdings.</strong> Fines Could Be ‘Over $5,900’ if a …

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Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’

<div class=”featured_image_container”> </div> <strong>The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.” </strong> New Identification System Before the …

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Encrypted Messenger Company Signal Faces Scrutiny Over Mobilecoin Integration

<div class=”featured_image_container”> </div> <strong>Signal, the cross-platform encrypted messaging service is facing criticism this week, after the company Signal Messenger told the public it was integrating the cryptocurrency mobilecoin. Moreover, controversy surrounds the company’s founder and CEO Matthew Rosenfeld, known as ‘Moxie Marlinspike’ over his previous ties with the Mobilecoin project.</strong> The Relationship Between Mobilecoin and …

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Piper Sandler Survey Shows 9% of American Teens Have Traded Cryptocurrency

<div class=”featured_image_container”> </div> <strong>The American independent investment bank and financial services company, Piper Sandler has published its latest “Taking Stock With Teens” survey which notes that 9% of U.S. teenagers have traded cryptocurrencies. 7,000 teenagers were polled and roughly 81% of those who have traded digital currencies were male.</strong> 9% of American Teens Claim to …

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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

<div class=”featured_image_container”> </div> <strong>According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have …

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US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges

<div class=”featured_image_container”> </div> <strong>The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic …

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Blockchain and Crypto Startups Raise $2.6 Billion in Q1 of 2021— Figure Surpasses 2020 Total by $300 Million

<div class=”featured_image_container”> </div> <strong>According to data analysis firm, CB Insights, about $2.6 billion was raised by some 129 blockchain-focused start-ups during the first quarter of 2021. This figure easily surpasses the $2.3 billion raised from a total of 341 deals that were seen in the whole of 2020. </strong> Large Capital Raising Rounds Dominate As …

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