Saturday, 31 July 2021

Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox

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President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of Ukraine Volodymyr Zelensky has signed the law “On Payment Services” which was adopted by the Ukrainian parliament on June 30, the president’s administration announced this week. The legislation aims to “modernize and further develop” the…

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Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50%

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PRESS RELEASE. Antier Solutions, a blockchain development company recognized for its end-to-end solutions, is offering crypto exchange script to expedite the development and deployment of crypto exchange platforms by 50%. Given the cut-throat competition to tap into the billion-dollar crypto market, Antier’s cryptocurrency exchange script solutions help start-ups and enterprises to quickly launch their exchange platforms and take the lead. “The crypto market is highly volatile; businesses need solutions that can help them quickly enter the market, especially when the market is favorable. This has catapulted the demand for cryptocurrency…

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India Reportedly Investigating Binance in Chinese Money Laundering Case

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Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global cryptocurrency exchange Binance had any role in a Chinese money laundering scheme involving betting apps, local media reported Friday, citing people with knowledge on the matter. The country’s Enforcement Directorate (ED), a law enforcement agency under the Ministry of Finance, has summoned Binance’s executives for questioning, according to the people who asked…

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Shark Tank’s Kevin O’Leary Won’t Invest in Dogecoin, Says ‘I Don’t Understand Why Anybody Would’

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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he does not consider dogecoin an investment. “I don’t participate in that kind of thing. I don’t understand why anybody would,” he said. Kevin O’Leary Won’t Invest in Dogecoin Shark Tank star Kevin O’Leary talked about the meme cryptocurrency dogecoin in an interview with CNBC last week. The chairman of O’Shares ETFs said: I don’t participate in that kind of thing. I don’t understand why anybody would, but that’s their own choice. He explained that investing in dogecoin is like gambling…

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Biden’s model pre-K system becomes ‘a crisis’ in New Jersey

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TRENTON, N.J. — New Jersey has spent more than two decades — and many billions of dollars — building a high-quality, free universal pre-K system to serve all needy kids in the state. It’s won widespread acclaim. And President Joe Biden’s administration wants to make it a model for the nation. But the program has an accountability problem. In Trenton, the state’s capital and one of its poorest cities, private pre-K providers have long complained of “political favoritism” and a state Department of Education unwilling — or unable — to…

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Opinion | What I Learned Talking to Fourth-Graders About How to Design Elections

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At first, I was simply terrified to visit the class. In my day job, I’m an election law professor, but for an hour last year I was an elementary school teacher. That seemed much harder. My fourth grade daughter had told her teacher that our family dinner conversations often revolved around the contentious 2020 election. So, the teacher sent me an invitation: Would I come discuss constitutional law and voting rights with a group of 9- and 10-year-olds? Normally, I teach these topics to law students, who can engage with…

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Trump political groups raised $82M in first half of 2021

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Former President Donald Trump’s political committees raised $82 million during the first half of 2021 and have $102 million in the bank, according to federal filings to be made public Saturday evening. The figures, shared first with POLITICO, underscore the profound reach of Trump’s fundraising power. While the former president is out of office and has been deplatformed on social media sites, he maintains a massive online donor network that he could lean on should he wage a 2024 comeback bid. The scenario is virtually unprecedented: Never in history has…

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Big Investors Are Pushing up Valuations of Crypto Firms

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Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds. VC Firms Driving Up Prices of Crypto Startups Cryptocurrency firms are seeing high valuations due to large investors entering the space, according to Henri Arslanian, Crypto Leader at professional accounting and financial services firm PWC, also known as Pricewaterhousecooper. In an interview with Bloomberg Thursday, the executive explained that boutique investment firms and…

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ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes

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The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period. Smartbch Fires up Smart Chain’s Genesis Validators For quite some time now, the Bitcoin Cash (BCH) community has been patiently waiting on the development of the Smartbch project. The reason for this is because Smartbch could unlock massive potential between Ethereum (ETH) and Bitcoin Cash. The protocol could…

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Biden’s new mask guidance too little, too late for parts of the country, officials say

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A summer of freedom from lockdowns and face coverings is being punctuated by Centers for Disease Control and Prevention warnings to wear masks again. And officials in some states hardest hit by the Delta variant can already predict the public’s response. Health experts and local leaders in Alabama, Arkansas, Louisiana, Tennessee and Washington state told POLITICO they expect the latest warnings and recommendations will be brushed off by a crisis-weary public that’s been whipsawed for a year and a half by sometimes conflicting federal orders and scientific evidence. “The messaging…

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Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts

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The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA accounts. Blockfi Now Has Problems With Regulators From 5 States The New York City-based cryptocurrency finance company Blockfi was founded in 2017 by co-founders Zac Prince and Lori Marquez. The firm is a cryptocurrency lending…

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Central Bank Governor: South Africa’s Digital Currency Study Ongoing

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South African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kganyago suggested his organization has embarked on this study to keep abreast with the growing trend of central banks that are studying CBDCs. Retail CBDC In the past few years, several central banks including a few in Africa have similarly announced their CBDC studies. Already, the central banks of Ghana and Nigeria have both…

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Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar

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Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head Around Not Issuing CBDC With other nations, most notably China, moving forward with their own digital currency projects, Lael Brainard, member of the U.S. Federal Reserve Board of Governors, has highlighted the urgency around the…

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Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours

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Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day. Bitcoin Climbs Over 20% This Week The price of bitcoin (BTC) and a number of other digital assets have climbed higher in value during the last few days. Five days ago, a massive short squeeze propelled the price of bitcoin…

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McConnell stirs GOP intrigue with support for Biden’s infrastructure bill

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Moments before the Senate took a pivotal vote on its bipartisan infrastructure deal, negotiators zeroed in on the most important undecided member: Mitch McConnell. The Senate minority leader stayed quiet for weeks but finally tipped his hand on Wednesday afternoon on the floor to a bipartisan group of colleagues, according to senators and aides. He told them he would support moving ahead on the bill, provided that the legislation coming to a final vote was their agreement — not something written by Senate Democrats. It was the first inkling, among…

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‘Down the drain’: Millions face eviction after Biden lets protections expire

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As the clock runs out on a nationwide eviction ban for what’s expected to be the final time, millions of tenants are staring at the prospect of losing their homes as they wait for emergency rental aid that the government has failed to deliver. The federal eviction moratorium in place since September is set to expire Saturday, after the Biden administration refused to extend it and Democrats in Congress couldn’t muster the votes to intervene. Now lawmakers and activists fear an unprecedented surge in evictions in the coming months just…

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Democratic push to extend eviction moratorium fizzles in the House

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The House failed to extend the national moratorium on evictions Friday, with Democratic leaders needling the White House for the inaction that could result in millions of people across the country losing their homes. “Really, we only learned about this yesterday,” Speaker Nancy Pelosi told reporters after Democrats tried to extend the moratorium, only to have Republicans object. “Not really enough time to socialize it within our caucus to build… the consensus necessary,” Pelosi added. The failed vote came after Pelosi and her top two deputies huddled with House Financial…

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Stricken states face Covid confusion after new mask guidance

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A summer of freedom from lockdowns and face coverings is being punctuated by Centers for Disease Control and Prevention warnings to wear masks again. And officials in some states hardest hit by the Delta variant can already predict the public’s response. Health experts and local leaders in Alabama, Arkansas, Louisiana, Tennessee and Washington state told POLITICO they expect the latest warnings and recommendations will be brushed off by a crisis-weary public that’s been whipsawed for a year and a half by sometimes conflicting federal orders and scientific evidence. “The messaging…

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Opinion | If Kids Ran Our Elections

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At first, I was simply terrified to visit the class. In my day job, I’m an election law professor, but for an hour last year I was an elementary school teacher. That seemed much harder. My fourth grade daughter had told her teacher that our family dinner conversations often revolved around the contentious 2020 election. So, the teacher sent me an invitation: Would I come discuss constitutional law and voting rights with a group of 9- and 10-year-olds? Normally, I teach these topics to law students, who can engage with…

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Digital Ticket Stubs: New York Knicks Launch Team’s First NFT Collection

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On Tuesday, the New York Knickerbockers, in partnership with Sweet, launched the NBA team’s first-ever non-fungible token (NFT) collection. The NFTs feature limited edition digitally designed 3D game tickets made specifically for the Atlantic Division basketball team. With less than 24 hours left on the auction, the Knicks’ NFT sale has sold out a number of tickets. 3D NFT Tickets from 5 Classic New York Knicks’ Games A number of NBA teams are getting in on blockchain technology and many American professional basketball teams have engaged in all types of…

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Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts

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On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). Wealthfront Connects Customers to Two Grayscale Trusts This week Wealthfront has added two Grayscale crypto trusts to the firm’s menu of investments. Wealthfront is an automated investment operation sometimes referred to as a robo-advisor that…

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Friday, 30 July 2021

Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

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Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in funding. Bank of America, FTX, and Coinbase Invest in Paxos Two leading cryptocurrency exchanges and the second-biggest U.S. bank invested in Paxos, a New York-based blockchain infrastructure firm that focuses on offering clearing and tokenization…

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Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

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A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more. Cryptocurrency Userbase Jumps to 221 Million Worldwide, According to Crypto.com Report Crypto.com’s “Measuring Global Crypto Users” report found that the number…

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GOP to Herschel Walker: Consider staying on the bench

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Republicans loved seeing Herschel Walker score touchdown after touchdown. They doubt he can carry them to the Senate majority. Walker is a former NFL star and Donald Trump’s favorite to take on Democratic Sen. Raphael Warnock in the Georgia Senate race next fall. But as years-old allegations about Walker’s marriage and business dealings weigh on his potential bid, Senate Republicans are raising concerns about his past in a state widely viewed as their best pickup opportunity next year. “Some of it’s pretty bad, obviously: physical abuse and pulling a gun…

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Trump pressured DOJ to call election ‘corrupt,’ ex-official wrote

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Former President Donald Trump pressured top Justice Department officials to publicly call the 2020 election “illegal” and “corrupt” and “leave the rest to me,” according to handwritten notes released by a House committee on Friday. The notes, written by former acting Deputy Attorney General Richard P. Donoghue, shine additional light on the Trump’s unprecedented effort to overturn President Joe Biden’s victory during his waning days in office, based on false claims of fraud. Donoghue’s notes detail a Dec. 27, 2020, phone call with Trump and then-acting Attorney General Jeffrey Rosen,…

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Justice Department says Democrats are entitled to Trump’s tax returns

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The Justice Department said Friday that former President Donald Trump’s tax returns should be released to congressional Democrats, though the administration said it won’t hand them over without first giving Trump a chance to respond in court. Reversing a legal opinion by the Trump administration, the department said lawmakers are entitled to the information under an arcane law allowing the heads of Congress’s tax committees to examine anyone’s private tax information. “The Chairman of the House Ways and Means Committee has invoked sufficient reasons for requesting the former President’s tax…

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Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ Technology

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Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank Governor Says The article titled “Digital Money” was published on the bank’s website on Thursday. In the post, Gabriel Makhlouf discusses the project to issue a digital version of the common European currency. The European…

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Breaking NFTs to Pieces: These 4 Projects Are Fractionalizing Grimes, Banksy, Cryptopunk NFTs

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While non-fungible token (NFT) collectibles have been all the rage, a few projects have been developing the concept of fractionalized NFTs so investors without deep pockets can purchase shares of an expensive collectible. On Thursday, the firm Otis revealed that people can invest in an NFT created by the world-famous Canadian musician and record producer Grimes. The platform allows anyone to purchase a small fraction of the recording artist’s artwork called “Newborn 1 & 3.” Grimes’ Artwork ‘Newborn 1 & 3″ Gets Fractionalized During the last 30 days, statistics from…

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CDC under fire for decision to limit tracking of Covid-19 cases in vaccinated people

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The Centers for Disease Control’s limited tracking of Covid-19 cases in vaccinated people is hindering public health officials’ attempts to stem the nationwide surge of the highly transmissible Delta variant. The agency said in May that it would stop routinely tracking so-called breakthrough infections that didn’t lead to hospitalization or death. Several states then stopped tracking mild breakthrough cases, and at least two states told POLITICO they are having trouble reliably tracking infections in vaccinated people. Now some public health experts and lawmakers are pressuring the CDC to reverse its…

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Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet

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Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well. Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet,…

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Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million

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Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order. At the time of writing, the bitcoin stash is worth $78.75 million. Most of the seized coins were accumulated in raids before 2018. The Finnish State Treasury set out guidelines for handling crypto assets that…

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‘Complete disaster’: Inside the Biden team’s chaotic bid to evacuate Afghan interpreters

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President Joe Biden had just announced plans to withdraw all American troops from Afghanistan in April when, during a classified briefing with top national security officials on Capitol Hill, one lawmaker stood up and asked a pointed question. What was the Biden administration’s plan to evacuate the thousands of Afghan nationals who aided the U.S. war effort, and expedite their visas? Defense Secretary Lloyd Austin didn’t have an answer. “We’ll get back to you on that,” Austin said, according to two people in the room and a defense official familiar…

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CDC releases data behind latest mask guidelines

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The Centers for Disease Control and Prevention has collected data that suggest fully vaccinated Americans who contract the Delta variant can spread Covid-19 as easily as unvaccinated people infected with the variant. The hotly anticipated study helped convince the agency to revise its guidance on mask-wearing earlier this week, when it said vaccinated people should wear masks indoors in areas with high levels of Covid-19 transmission. But CDC had not made the data underlying its decision public until now. The agency worked with the Massachusetts health department to track a…

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Senate takes next step on infrastructure, after floor drama

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The Senate took the next step Friday to move forward on the bipartisan infrastructure package, after a brief procedural skirmish. In a 66-28 vote, the Senate advanced the $550 billion agreement on physical infrastructure, even as the final legislative text was still being worked out. While the Senate is plowing ahead, the legislation is far from across the finish line. Negotiators are still ironing out issues, including on broadband. And once the text is finished, it will be subject to an arduous amendment process. In his opening remarks Friday, Senate…

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Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration

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Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, Details of ‘Super App’ Paypal CEO Dan Schulman talked about his company’s crypto plans and the progress of the upcoming “super app” during the payments giant’s second-quarter earnings conference call Wednesday. “I’m pleased to report…

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Biden to Step Up Crypto Tax Enforcement to Help Fund $1 Trillion US Infrastructure Plan

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U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on the details of “a once-in-a-generation investment” in the U.S. infrastructure. The bill will be taken up in the Senate for consideration, the White House stated, adding that “In total, the deal includes $550 billion in…

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Bitcoin.com Celebrates Ethereum’s Birthday With $6000 Giveaway

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July 30th marks the day, six years ago, Ethereum was launched. The Bitcoin.com Wallet, having just integrated Ethereum, is excited to celebrate the achievements of the world’s premier smart contract platform – and to do so, we’re giving away $6000 in Ether (ETH), the native currency and the ‘fuel’ of the Ethereum network. What Is Ethereum? With the ambitious vision of creating a fully decentralized general purpose computing network, Ethereum and the massive community of developers that has sprung up around it, have pioneered smart contracts, NFTs, decentralized finance, and…

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Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze

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The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by the CBR between January and June 2021 is 1.5 times higher compared to the same time period last year, the regulator announced this week. The financial authority attributed the spike to increased activity of “unfair…

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Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True?

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Although it’s possible to draw comparisons between almost any two blockchain development platforms, comparing Ethereum with Polkadot is almost an inevitability. Not only on the technical level – they use a comparable architecture and proof-of-stake consensus to achieve scalability – but because Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum. Polkadot and Ethereum are Entering the Final Stretch of the Runway for Chain Supremacy The coming year is set to be a big one for both networks. Ethereum has been rolling out a series of…

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Race, Mental Illness and Police Reform in a Liberal Michigan Town

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ANN ARBOR, Mich.—The first arrest was over trash. It was September 2009, and Anthony Hamilton, then 17, was arguing on the phone with a girlfriend. He was on medication, working with a psychiatrist to control his emotions, but as the argument dragged on he could feel his anger overwhelming him. Past midnight he slipped out of his house. Walking down the sidewalk he began kicking over trash cans and yelling, disturbing the stillness of the upscale subdivision where his family lived. At 1:25 a.m., a neighbor called 911. The Ann…

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Trump’s false election fraud claims fuel Michigan GOP meltdown

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Joe Biden defeated Donald Trump by more than 150,000 votes in Michigan last November. Trump and the Michigan Republican Party still aren’t over it. The outcome — and the former president’s obsessive efforts to dispute it — has left the state party in disarray, raising questions about the GOP’s focus as it looks to unseat Democratic Gov. Gretchen Whitmer in a top battleground state next year. “From a staff and leadership perspective, I don’t know that top-notch professionals would want to go into this quagmire,” said Jeff Timmer, a former…

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How Biden’s sherpa, Steve Ricchetti, scored the big deal

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On Tuesday, Sen. Rob Portman (R-Ohio) spent nine hours holed up in a Capitol hideaway room with White House counselor Steve Ricchetti, furiously working through last-minute disagreements in the bipartisan infrastructure deal. That hours-long meeting came days after negotiators realized they needed to pick up the pace if they were going to get their compromise to the Senate floor before the August recess. To streamline negotiations, Republicans appointed Portman as their point man. Democrats did the same with Ricchetti. “You can’t usually close a complicated deal with 10 people in…

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Pelosi and Sanders brace for Democratic upheaval over Biden agenda

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Bernie Sanders had an urgent plea at a meeting for Senate Democrats this week: We’re with you on this bipartisan bill, so you better be with us on our $3.5 trillion spending package, attendees said. Shortly after Wednesday’s caucus meeting, Sanders called House Speaker Nancy Pelosi to reinforce her position of holding back the bipartisan deal until a massive domestic bill passes the Senate, according to a source familiar with the call. During the call with Pelosi, Sanders also relayed his support for her ahead of what is shaping up…

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As Afghan interpreters arrive in the U.S., State eyes more flights in August

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The State Department is looking to evacuate a second round of Afghan interpreters from Kabul in August, according to the head of the task force newly created to coordinate the effort. The group, which will be flown to countries outside of the U.S., will include roughly 4,000 applicants for the State Department’s special immigrant visa program and their family members. The total number of people in this second group to be evacuated and eventually brought to the U.S. could reach up to 20,000, including both applicants and family members, Ambassador…

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Digital Yuan to Promote International Use of Chinese Currency, Experts Say

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The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan to Facilitate ‘Renminbi Internationalization’ The digital yuan will further promote the process of “internationalization” of the renminbi, Chinese experts believe. This can happen when the Chinese yuan becomes the world’s third-largest currency — in terms…

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Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade

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The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these comments while addressing guests at the opening ceremony of the Ghana International Trade and Finance Conference (GITFIC) in Accra. The report also quotes Bawumia commending the Ghanaian central bank’s e-cedi project. He said the Ghanaian…

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Thursday, 29 July 2021

Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally

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Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator on the Hunt for Unregulated Exchanges The Financial Intelligence Unit (UIF), the Mexican financial regulator, issued an alert about 12 cryptocurrency exchanges that are operating illegally in the country. The names of these companies were…

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Biden rolls out aggressive plan to jump-start vaccination

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President Joe Biden issued a directive Thursday that will require about 2 million federal employees to disclose whether they’ve been vaccinated against Covid-19, or else submit to regular testing, as the highly transmissible Delta variant drives up new infections nationwide. Federal workers and on-site contractors will have to attest to their vaccination status, the White House said. Those who don’t must wear masks at work regardless of their geographic location and get tested once or twice a week for Covid-19. Employees who don’t disclose being fully vaccinated also will be…

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White House tries to preempt criticism of vaccination-or-test policies

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The White House attempted to neutralize criticism ahead of its anticipated vaccination rules for federal employees. President Joe Biden is scheduled to speak later Thursday about the administration’s vaccination strategy and next steps for countering the slowed rate of vaccinations as the highly contagious Delta variant spreads through communities. Karine Jean-Pierre, the principal deputy press secretary, said the policy under consideration — requiring federal workers to attest to being vaccinated or subject themselves to regular Covid-19 testing — is similar to policies being implemented by local governments and businesses across…

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US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin

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U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act and anti-money laundering laws,” she said. The pro-bitcoin senator also noted that big government spenders are “doing far more to accelerate the adoption of digital assets” than she is. Senator Lummis on Bitcoin Adoption and Cryptocurrency Regulation U.S. Senator…

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Financial Giant State Street Expands Cryptocurrency Services as Demand From Traditional Funds Soars

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State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients” in partnership with Lukka, the announcement details, adding: State Street will support its private fund clients with collection, standardization, enrichment, reconciliation, processing…

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Mila Kunis’ ‘Stoner Cats’ NFT Sale Pulls in $8M — Animated Series Can Only Be Watched by NFT Holders

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A new non-fungible token (NFT) project crafted by the American actress and producer, Mila Kunis, has made millions selling NFTs tied to an animated series called “Stoner Cats.” The project is a show that will only allow token holders the ability to watch the upcoming series produced by Orchard Farm Productions, a studio owned by Kunis. Animated Series Created by Mila Kunis and Ashton Kutcher Sparks New NFT Hype The cryptocurrency community and mainstream news publications have been discussing a new NFT project bolstered by Mila Kunis and her husband…

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Biden’s economic gains come with newer worries about the future

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The economy expanded by 6.5 percent in the second quarter of the year, a weaker-than-expected performance that underscores the forces dragging on growth as the U.S. struggles to recover from the crippling Covid-19 pandemic. While the figure reported by the government Thursday came in well below Wall Street forecasts of 8.5 percent or better, the nation’s gross domestic product has now regained all the ground lost during last year’s business shutdowns, giving President Joe Biden a big boost in his efforts to remake the economy. Still, the April-June expansion —…

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Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

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Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order to construct a new solar farm. Greenidge Invests in Renewable Energy Investment Program In 2014, the Lockwood Hills landfill in Dresden, New York was purchased by Lockwood Hills LLC, which is a subsidiary of Greenidge.…

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Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

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Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under the HOOD ticker. Robinhood Misses $35 Billion Valuation Goal Robinhood, the fee-free investing app, has successfully completed its IPO, raising almost $2 billion. However, the company failed to meet the goal of reaching a $35…

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Florida officials defy DeSantis as infections spike

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TALLAHASSEE — Florida’s Covid wars are starting again. Local officials across Florida are bucking Gov. Ron DeSantis and his anti-mandate coronavirus strategy as infections soar in the state and nation. They’re imposing vaccine and mask requirements for government workers and even declaring states of emergency. In a sign of how worrisome the new Covid-19 surge is, Disney World is ordering all guests over 2-years-old to wear masks indoors at its Florida theme park, regardless of vaccination status. The new pandemic regulations were announced Wednesday, a day after Florida reported over…

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US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far

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The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far. The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, the crypto custody firm announced Wednesday. The USMS is one of the primary law enforcement agencies of the U.S. Department of Justice (DOJ). It was also the first federal law enforcement agency in the country.…

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New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

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On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial Regulation (DFR), as the state’s DFR commissioner filed an order against the firm’s Blockfi Interest Accounts (BIAs). Garden State Regulators Give Blockfi an Extension, Vermont Issues Regulatory Complaints Four states have taken issue with Blockfi’s…

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Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

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Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan Shenzhen-based Bit Mining Ltd. announced Wednesday it has secured a purchase agreement for the acquisition of 2,500 new bitcoin mining machines. The price tag of the deal is approximately $6.6 million, the crypto mining firm…

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The Beltway Can’t Stop Talking About Him. The Voters He Needs Barely Know Him.

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LONDON, OHIO—Patrick Closser takes the political temperature most days from his drive-thru window here. The ring-ding sound of another car approaching the little hut at Casey’s Carry Out & Drive Thru for beer, cigarettes, soda or candy is to Closser also a sign of an approaching constituent. Closser owns the place, but he also pulls double duty as the mayor of this town of just over 10,000 residents about 30 minutes outside of Columbus. “People come through here on a weekend, and I’ll have a cut-off T-shirt on and a…

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Jan. 6 select-panel Dems confident they can corral ex-Trump aides

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House Democrats investigating the Jan. 6 Capitol riot are newly optimistic about securing testimony from former Trump officials. That doesn’t mean they’re close to hauling in big names from the ex-president’s turbulent final days. Lawmakers on the Jan. 6 select committee describe their probe’s reach as still undefined, saying in interviews that they have yet to formalize the confines of an already closely watched and fast-moving investigation. Minutes before the panel’s first hearing on Tuesday, however, its members scored a key win thanks to a legal opinion from President Joe…

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Elon Musk Hints Tesla Owns About 42K Bitcoins

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Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his electric car company owns in response to a rough calculation provided on Twitter by Tesla shareholder Dave Lee. In his calculation, Lee used $1.47 billion as the fair market value of Tesla’s entire bitcoin holdings as shown in the company’s Form 10-Q filed with the…

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Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

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A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment enables Zimbabweans, including those in the diaspora, to directly pay for services rendered to artists. In addition, this option to pay with BTC or ETH makes Mutscon’s services more affordable, a company executive has said.…

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Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls

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The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on July 28. The company said that the Series A was led by Acrew Capital, Banana Capital, Up North Management, and Animal Capital. The venture capital company Animal was founded by social media moguls Noah Beck,…

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Wednesday, 28 July 2021

Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users

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Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability to decentralize products and services has long been among its key value propositions, especially when providing more democratized access to these same offerings. Governance is rapidly becoming the newest area for blockchain’s democratization efforts, and the community is joining the cause. Bitrue, a digital assets exchange, has joined the ranks of…

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Helium Hotspot Miner – Mining With Helium Bar

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PRESS RELEASE. Helium Network developed a decentralized peer to peer wireless network, which can connect different compatible devices through a series of hotspots. By being a part of this network, people can earn cryptocurrencies (HNT). The Helium hotspot miner network is growing steadily. Hence, it is worthy to think about mining HNT. To help people with mining HNT, Helium Bar has developed an excellent solution. Helium.Bar is nothing but a helium network, which is made out of hotspot miners. Any person who is interested in HNT mining can take a…

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Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets

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Researchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including crypto keys. The Russian “time capsule” will be capable of storing and relaying other private information as well such as a record of the whereabouts of valuable items. Russian Universities to Provide Service Allowing Crypto Investors to Secure the Future of Their Coins Experts from three Russian universities – Lomonosov Moscow State University, National Research Nuclear University, and Moscow State Institute of International Relations – are working to give crypto…

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Biden’s new weapon against Covid-19: Don’t call it a mandate

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The White House is readying its most aggressive action to date on Covid vaccinations. But it’s trying to avoid one word: mandate. President Joe Biden is due to issue a directive Thursday requiring some 2 million federal employees to attest they’ve received the shot or submit to weekly testing, according to four people familiar with the plans. The move would avoid the kind of top-down order Biden has resisted using for months to contain the virus. But it would give federal departments and agencies discretion to force certain employees to…

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White House not planning to lift Covid border restrictions this month

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President Joe Biden was widely expected to lift restrictions this summer that have blocked migrants from seeking asylum since the start of the pandemic. The fast-spreading delta variant of the Covid-19 virus and surging numbers of border apprehensions have derailed those plans. The administration will not begin phasing out its use of the public health order, known as Title 42, at the end of this month, despite mounting legal challenges and renewed criticism from allies about the 16-month closure, according to four people familiar with the discussions. The Biden administration…

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Senate GOP steps up vaccine push amid lingering conservative skepticism

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Top Senate Republicans are dramatically stepping up their pro-vaccine outreach as several of their home states lag behind national Covid inoculation rates and mask recommendations return in many areas. Senate Minority Leader Mitch McConnell (R-Ky.) is running ads in his home state to combat disinformation, Sen. Roy Blunt is barnstorming Missouri and Sen. Tommy Tuberville of Alabama says “anytime we’re on a press conference, we say something about vaccinations.” Several GOP senators released new PSAs in the wake of guidance issued Tuesday by the Centers for Disease Control and Prevention…

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Fear and loathing in the House over mask mandate

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Democratic Rep. Jared Huffman was headed to the House floor Wednesday when he saw a vocal GOP vaccine resistor — unmasked — in the elevator. Huffman decided to take the stairs, but not before issuing a sharp warning to Rep. Byron Donalds, telling the Florida Republican he shouldn’t be crowding into an elevator with other members. The two crossed paths again outside the chamber and Huffman had more to say, calling the GOP freshman “selfish.” “Here’s a guy who comes from a state that is ground zero for the Delta…

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Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background

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Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance as this is the top priority of the organization.” Binance’s CEO Unveils Company’s Regulatory Compliance Plans Binance founder and CEO Changpeng Zhao (CZ) has addressed recent compliance issues his exchange has been facing and reports of the exchange…

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Biden ignores the ‘shiny objects’ and nears a bipartisan win

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President Joe Biden moved significantly closer Wednesday to achieving his massive infrastructure overhaul — the type of bipartisan win he’s dreamed about since launching his campaign for the presidency. Seventeen Republican senators voted with Democrats to advance a roughly $1 trillion deal that would spend heavily on roads, bridges, broadband and public transit. And though it was a vote merely to start debate, Democrats expressed cautious optimism that a bill would eventually reach Biden’s desk. It was, the White House stressed, a testament to the president’s political skill and persistence.…

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Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education

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Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, “We need to do a much better job going to D.C.” to educate lawmakers. Novogratz Says Institutions Are Buying Galaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin in an interview with CNBC Wednesday. He was asked how he sees bitcoin’s price action and what he thinks has been driving the price of the cryptocurrency back to the $40,000…

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Bipartisan infrastructure deal sails through first Senate vote

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The Senate’s bipartisan infrastructure deal finally moved forward on Wednesday night after weeks of grueling negotiations, handing a group of centrists and President Joe Biden a major win. Though the legislation is still unfinished and failed just a week ago, more than a dozen Republicans took the plunge and voted to break an initial filibuster on the bill. Among them was Senate Minority Leader Mitch McConnell (R-Ky.), who has previously said “100 percent” of his focus was on standing up to Biden’s agenda. But even as the Senate agreed to…

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Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges

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Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs announced Wednesday “the launch of Ripplenet’s first live On-Demand Liquidity (ODL) service implementation in Japan” in collaboration with SBI Remit Co. Ltd. and Coins.ph. SBI Holdings, an investor and shareholder of Ripple, independently announced Wednesday that SBI Remit and crypto exchange SBI VC Trade have launched “Japan’s first international remittance service…

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Senate nears make or break vote on infrastructure

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The Senate’s bipartisan infrastructure proposal is likely to move forward on Wednesday night, according to both Republican and Democratic leaders, though the vote could come down to the wire. A slim number of Republicans are expected to vote to advance an unfinished bill after tanking the effort last week. And even if the Senate agrees to begin considering the bipartisan framework, final passage remains uncertain. As of Wednesday afternoon, nine Senate Republicans involved in the talks said they would move forward and two, Sens. Todd Young (R-Ind.), and Jerry Moran…

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AOC tangles with Sinema over $3.5 trillion spending package

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Kyrsten Sinema will move forward on Democrats’ plans to craft a massive partisan spending bill running into the trillions, but indicated at the same time that she will seek to pare down the package’s cost, infuriating progressives in the House. The moderate Arizona Democrat said in a statement that she has informed Senate leaders and President Joe Biden that she will advance a budget proposal that allows a subsequent spending bill of up to $3.5 billion backed by most Senate Democrats. And though she supports “many of the goals in…

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Survey Shows 3 out of 4 Sports Fans Are Skeptical About the Longevity of NFT Investments

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Over the last year and a half, non-fungible tokens (NFT) have seen massive hype and millions of dollars worth of sales executed at auctions. A recent survey produced by bonusfinder.com shows sports fans are doubtful of the NFT craze as the poll’s findings show nearly three out of four people are “moderately skeptical” about the long-term outcome of NFTs as an investment. Sports Fans Are Skeptical of NFTs but 62% Know About the Technology Non-fungible tokens have been a very hot topic in 2021 and worldwide Google Trends (GT) data…

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Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups

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The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying transactions that involve “extremists” and that fund “hate movements.” The company will investigate and disrupt the financial flows that support specific hate groups and alleged “anti-government organizations.” The announcement notes that the initiative will be…

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Can Rob Portman seal the big bipartisan deal?

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If you called central casting for a senator to cut a bipartisan infrastructure deal, you’d get Rob Portman. The Ohio Republican, a former White House budget chief with two terms under his belt as well as the ear of Minority Leader Mitch McConnell, is an ideal bridge between his party’s two wings. Portman acquitted then-President Donald Trump in his second impeachment trial but later backed an independent commission on the Jan. 6 Capitol riot. And a looming retirement from Congress frees Portman from the political burden of facing voters next…

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Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market

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The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying the scarce resource to so-called “illegal” dealers. BDC Operators Accused of Fueling Parallel Market Activity The illegal dealers, in turn, avail the foreign exchange to clients at parallel market exchange rates. For instance, while the CBN insists that the naira’s exchange rate…

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Iran Raises Alarm Over Potential Influx of Miners From China

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With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns About Flood of Chinese Miners and Equipment Into Iran The Iran Power Generation, Distribution and Transmission Company, Tavanir, has issued a warning regarding the entry of Chinese cryptocurrency miners into Iran amid China’s ongoing crackdown…

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Tuesday, 27 July 2021

Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

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The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According to statistics from Dune Analytics, the number of users or unique ethereum addresses utilizing defi has jumped past the 3 million threshold this week. At the time of writing, data shows there are 3,092,000 unique…

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Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows

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The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu Cryptocurrency Helps Farmers Save Money According to a report from media outlet VOA, one of the reasons this alternative monetary system has become popular is because it allows users to preserve their fiat currency savings.…

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Trump-backed candidate loses in Texas special election

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Voters in North Texas delivered an upset Tuesday, picking GOP state Rep. Jake Ellzey to fill a vacant House seat over a candidate endorsed by former President Donald Trump. Ellzey beat fellow Republican Susan Wright, the widow of former Rep. Ron Wright, 53 percent to 47 percent, when the Associated Press called the low-turnout, Republican-vs.-Republican runoff. Though Ellzey was better funded, Wright leaned heavily on her backing from the former president, who often plays kingmaker in Republican primaries. Trump crashed into the race during the first round of voting in…

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Live results for Texas 6th’s runoff election

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Susan Wright (R) hopes to succeed her late husband in Congress. She faces fellow Republican Jake Ellzey in a runoff election.

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IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender

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The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in Adopting Cryptocurrencies as National Currency The International Monetary Fund (IMF) published a blog post on Monday discussing the topic of cryptocurrencies as legal tender. The post titled “Cryptoassets as National Currency? A Step Too Far” was authored by Tobias Adrian, the financial counselor and director of the IMF’s Monetary and Capital…

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‘Tiger of the House’ claws his way through infrastructure talks

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House Transportation Committee Chair Peter DeFazio is on the verge of getting rolled. And he’s not going quietly. After a 34-year congressional career devoted to transportation and environment issues, the Oregon Democrat could soon be forced to watch his life’s work shunted to the side if Senate negotiators secure a deal this week on a massive $1.2 trillion infrastructure package — largely without House input. In a fiery tirade to fellow Democrats during a closed-door meeting Tuesday, DeFazio called the bill “crap.” He blasted the White House and Sens. Rob…

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Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks

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U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that there could be potentially serious consequences if this market comes under stress.” Senator Warren Wants Quick Regulatory Response to Crypto Risks U.S. Senator Elizabeth Warren wrote a letter to Treasury Secretary Janet Yellen Monday outlining…

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Mastercard Launches Global Program to Help Cryptocurrency Startups Scale Their Innovations

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Payments giant Mastercard has launched a new, global program for cryptocurrency startups. Seven crypto companies have already joined the program. Together with Mastercard, they will work to “expand and accelerate innovation around digital asset technology and make it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets.” Mastercard’s New Crypto Program Mastercard announced Tuesday “a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies.” Seven startups have already joined the program. They will work with…

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CDC wants vaccinated Americans to wear masks indoors in Covid hot spots

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The Centers for Disease Control and Prevention recommended Tuesday that Americans wear masks indoors again, particularly in crowded indoor settings. The new indoor mask recommendations apply to vaccinated and unvaccinated people who live in areas where the CDC has classified Covid-19 transmission as “high” or “substantial,” a health official said — a category that includes much of the South as well as western states like Arizona and Wyoming. The announcement marks a sharp change in policy for the nation’s leading health agency. In May, the CDC said vaccinated Americans no…

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Biden: Vaccine mandate for all federal employees is ‘under consideration’

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President Joe Biden said Tuesday that a Covid vaccine mandate for all federal employees is “under consideration right now.” “If you’re not vaccinated, you’re not nearly as smart as I thought you were,” Biden told reporters at the Office of the Director of National Intelligence, where he addressed the intelligence community in the afternoon. The federal government is the nation’s largest employer. A blanket mandate could affect at least 4 million federal employees, a number that includes civilian workers and members of both the U.S. military and the U.S. Postal…

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Tension over bipartisan infrastructure talks spills into party meetings

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Both Republican and Democratic Senate lunches turned into venting sessions Tuesday afternoon, as rank-and-file senators used the parties’ private gatherings to complain about the bipartisan infrastructure negotiations, according to multiple sources familiar with the meetings. Many senators are losing patience with the bipartisan infrastructure talks, and their grievances underscore the difficulties negotiators have in sealing a final product. During the Democratic lunch, committee chairs raised concerns about how the legislation is coming together and Senate Majority Leader Chuck Schumer responded to the complaints, according to an attendee and a source…

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‘A medieval battle’: Officers reveal horrors they faced defending Capitol on Jan. 6

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Four police officers who defended the Capitol from a Jan. 6 riot by Donald Trump supporters spoke out Tuesday during the first hearing of the select committee investigating the attack, sharing harrowing details of their physical and mental trauma. As the riot fades from public memory amid a new wave of Republican revisionism, select panel members aimed to cast the hearing — the first time Congress has heard publicly from law enforcement on the front lines of the response to Jan. 6 — as a vivid reminder of what happened.…

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Cheney and Kinzinger call out GOP leaders at first Capitol riot hearing

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The two House Republicans participating in the Democratic-led investigation into the Jan. 6 Capitol attack issued pointed rejoinders to their party’s leadership, defending their own conservative credibility, during the select panel’s first hearing on Tuesday. An emotional Rep. Adam Kinzinger of Illinois spent much of his questioning time criticizing fellow Republicans who “have treated this as just another partisan fight.” While he didn’t mention House Minority Leader Kevin McCarthy by name, the GOP leader has chastised Kinzinger and Rep. Liz Cheney of Wyoming for serving on the panel, calling them…

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Fireblocks Custody Company Raises $310 Million, Reaches $2 Billion Valuation

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Fireblocks, a blockchain infrastructure firm, raised $310 million in its most recent funding round, reaching a valuation of $2 billion. The company, which specializes in the custody of digital assets, is interested in bringing traditional assets to the blockchain realm. Fireblocks expects this trend of digitalization to keep growing in the recent future. Fireblocks Raises $310 Million in Series D Funding Round Fireblocks, a custody and blockchain infrastructure company, raised $310 million in its Series D funding round. The new investment took the valuation of the company to $2.2 billion,…

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The NBA’s Cleveland Cavaliers to Collaborate With Blockchain Firm Socios.com

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Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset platform. Socios Partners With the Cavs On July 26, Socios.com and the NBA team, the Cleveland Cavaliers, revealed a new partnership. The Socios company is a blockchain project that allows fans to become “superfans” by letting them influence “club-specific decisions, trade digital items, and access VIP experiences.” Socios says that currently the…

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‘The Unfair Advantage:’ Dune Actress Rebecca Ferguson Stars in Crypto-Centric TV Commercial

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ In recent times cryptocurrency platforms have been airing a number of commercials on televis...