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Our Currency Inflates, Bitcoin Does Not - Says US Senator

17 Nov 2020 1 minute read 0 comments author_nan

Wyoming senator-elect Cynthia Lummis, who will assume office in Jan. 2021, offered a lot of praise for Bitcoin in an interview on ABC’s Good Morning America segment on Nov. 14. When asked about whether she wished to bring Bitcoin in national discuss...

All US PayPal Users Can Now Buy Crypto

13 Nov 2020 1 minute read 6 comments author_nan

PayPal has removed the waiting list for its cryptocurrency purchases and increased the buy limit to $20,000 power week for its US users, according to a press release published on Nov. 12. From Nov. 12, all US holders will be able to buy, sell and ho...

Biden Administration Picks Crypto-Friendly Gary Gensler to Lead Financial Policy Transition

12 Nov 2020 1 minute read 0 comments author_nan

President-elect of the United States Joe Biden has appointed crypto-friendly former Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler to lead the administration’s financial policy transition, according to a report from American Banker...

SEC Commissioner Hester Peirce Says Crypto Regulation Could Be Faster

10 Nov 2020 1 minute read 0 comments author_nan

United States SEC Commissioner Hester Peirce, speaking at a conference on Nov. 9, said that the US government was slow to regulate the cryptocurrency market and that regulation in the space could be faster. Peirce was speaking at CoinDesk’s Bitcoin...

US Government Seizes $1B+ Worth of Silk Road Bitcoins

6 Nov 2020 1 minute read 2 comments author_nan

United States authorities have seized over $1 billion worth of Bitcoins (BTC) associated with darknet marketplace Silk Road, according to a statement published by the United States Department of Justice (DOJ) on Nov. 4. The DOJ filed a civil complai...

FTX CEO is One of the Biggest Contributors to Biden's Campaign

5 Nov 2020 1 minute read 8 comments author_nan

FTX co-founder and CEO Sam Bankman-Fried is one of the largest contributors to the presidential campaign of Joe Biden, according to data from political financial tracking platform OpenSecrets.  FTX.US, of which Bankman-Fried is the CEO, contributed...

Leaked Documents Reportedly Show How Binance Tried to Avoid US Regulation

30 Oct 2020 1 minute read 1 comment author_nan

Binance has stirred some controversy, after Forbes reported on October 29 that the exchange had conducted an “elaborate scheme” to evade regulation. Forbes reports that senior executives of Binance devised an “elaborate corporate structure..to inten...

Coinbase Card will be available in US

29 Oct 2020 1 minute read 0 comments The Very Confused Martin Babalor

Coinbase is launching its Visa debit card in the U.S. early next year. Starting today, customers in the US can join the waitlist for Coinbase Card, a Visa® debit card that allows crypto to be used for payments and purchases online and in-store as we...

Grayscale Report Show That Over Half of US Investors Are Interested in Bitcoin

29 Oct 2020 1 minute read 0 comments author_nan

Digital asset management firm Grayscale Investments released its latest report on October 27, covering investor behaviour related to Bitcoin (BTC) investments.  Titled ‘Bitcoin Investor Study’, the report analyzed the degree of mainstream adoption t...

IRS States that Just Holding Crypto Won’t Need Disclosure in Tax Form

27 Oct 2020 1 minute read 16 comments author_nan

The United States Internal Revenue Service (IRS) has clarified that those who have only held crypto assets in 2020 need not answer yes to the question of whether they have received any financial interest via cryptocurrencies. The IRS issued the clari...