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White House Cracks Down on Cryptos Used for Purchasing Illicit Drugs

The White House issued two advisories on illicit drug purchases in the United States on Wednesday, referencing the role of cryptocurrencies allegedly used in these transactions.   The advisories addressed to several financial institutions and digital payment platforms, stating that cryptocurrencies can be and have been used for illicit drug purchases, targeting Bitcoin, Bitcoin Cash, Ethereum and Monero in … Continue reading White House Cracks Down on Cryptos Used for Purchasing Illicit Drugs

Bakkt Opens Long-Awaited Bitcoin Warehouse For Deposit and Withdrawal

Bakkt has finally announced the launch of its long-awaited for the withdrawal and deposit of Bitcoin, Bakkt had said in its announcement that its potential clients are customers who are looking to deposit and withdraw Bitcoin. First physical Bitcoin Futures  In a tweet, the company mentioned that they are making arrangements for the introduction of … Continue reading Bakkt Opens Long-Awaited Bitcoin Warehouse For Deposit and Withdrawal

Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

Since President Xi Jinping’s endorsementfor blockchain development acceleration in China, this nation has heeded to these calls and is continuously making incredible moves in this arena.  Changpeng Zhao, commonly known as CZ, the CEO, and founder of crypto exchange Binance, stipulated that the Chinese President’s calls will do wonders as they will instigate mass blockchain … Continue reading Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

‘A Budget for America’s Future’ has been published by the White House, which indicates the budget of the United States government of the fiscal year 2021. The document also states the information on the President’s priorities.  President Trump’s ‘New Foundation for American Greatness’ aimed to balance the books by 2027, by pushing for an annual economic growth … Continue reading White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

US Congress Considers Using Blockchain for Remote Voting While the White House Urged to Stay Competitive with China

The US Congress is considering using blockchain technology to enable the Senate to conduct remote voting during the ongoing COVID-19 pandemic.  According to the staff memo, the coronavirus pandemic has caused the shut down of many sectors of the society, the two chambers of Congress have always met in person to conduct business and hearings … Continue reading US Congress Considers Using Blockchain for Remote Voting While the White House Urged to Stay Competitive with China

Crypto Powerhouse Binance Returns to China with an "Education-First" Blockchain Approach

Cryptocurrency exchange Binance, famously exiled by China in early-2018 and later set up in Malta, is moving back to the country, choosing a blockchain-centric strategy over crypto.  Inroads in China Industry observer and crypto-investor Dovey Wan noted in a tweet earlier this week that Binance seemed to have registered China-specific domains. A look at public … Continue reading Crypto Powerhouse Binance Returns to China with an "Education-First" Blockchain Approach

Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading

Ripple CEO Brad Garlinghouse has posted a tweet criticizing India’s government’s renewed efforts to introduce a law to ban cryptocurrency trading. Garlinghouse tweeted that he is completely disappointed by the government’s flip-flop policies on cryptocurrency, which would be harmful to the crypto industry. He further claims that India has one of the biggest underbanked and … Continue reading Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading

US House of Representatives Passes Blockchain Innovation Act On to the Senate

Two bills introduced by Representative Darren Soto—the Digital Taxonomy Act and the Blockchain Innovation Act—are now making their way to the Senate after being approved in the House of Representatives. The two acts have been updated into the Consumer Safety Technology Act (H.R. 8128), which is a bill directing the Consumer Product Safety Commission to … Continue reading US House of Representatives Passes Blockchain Innovation Act On to the Senate

Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K

Christie’s auction house has sold a digital portrait of the Bitcoin (BTC) code “Block 21” for over $130,000—marking the first time a non-fungible token (NFT) was auctioned at a major auction house. The NFT art piece sold by Christie’s for over $130K was created by Ben Gentilli and is meant to represent Satoshi Nakamoto’s vision, … Continue reading Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K

EARN IT Act Introduced in US House of Representatives, Critics View It as Threat—What This Means for Crypto

Despite being perceived as an “anti-security bill” by many, the EARN IT Act has made its way to the US House of Representatives and currently awaits approval. Blockchain and industry critics disapprove of bill The EARN IT Act is a bill that has been proposed by Attorney General William Barr in conjunction with other law … Continue reading EARN IT Act Introduced in US House of Representatives, Critics View It as Threat—What This Means for Crypto

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