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The IMF Recommends El Salvador Drop BTC as Legal Tender
The IMF Recommends El Salvador Drop BTC as Legal Tender
News  •  Bitcoin  •  Jan 25, 2022 by Daniel Kuhman

On January 24, 2022  The Executive Board of the International Monetary Fund (IMF) concluded their consultation with El Salvador. According to the IMF's press release regarding the consultation, the Executive Board’s assessment concluded that there are “large risks associated with the use of Bitcoin on financial stability,

Reconsider Russian Central Bank Proposal To Ban Cryptocurrency, Says Putin
Reconsider Russian Central Bank Proposal To Ban Cryptocurrency, Says Putin
News  •  Bitcoin  •  Jan 25, 2022 by Daniel Kuhman

In a conference call this week, Russian president Valdimir Putin asked government officials and members of the Russian Central Bank to continue assessing cryptocurrencies. His comments came less than a week after the central bank released a proposal to completely ban the use and mining of cryptocurrencies on Russian territory.

Texas Bitcoin Foundation Launches
Texas Bitcoin Foundation Launches

The Texas Bitcoin Foundation, a new nonprofit organization was announced in a press release on January 25, 2022. The non-profit is focused on educating people on the social and economic impact of bitcoin through funding research and educational initiatives.  While Texas may be known for its conservative viewpoints, the Texas

News  •  Bitcoin  •  Jan 26, 2022
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Texas Bitcoin Foundation Launches
Texas Bitcoin Foundation Launches

The Texas Bitcoin Foundation, a new nonprofit organization was announced in a press release on January 25, 2022. The non-profit is focused on educating people on the social and economic impact of bitcoin through funding research and educational initiatives.  While Texas may be known for its conservative viewpoints, the Texas

News  •  Bitcoin  •  Jan 26, 2022
The IMF Recommends El Salvador Drop BTC as Legal Tender
The IMF Recommends El Salvador Drop BTC as Legal Tender

On January 24, 2022  The Executive Board of the International Monetary Fund (IMF) concluded their consultation with El Salvador. According to the IMF's press release regarding the consultation, the Executive Board’s assessment concluded that there are “large risks associated with the use of Bitcoin on financial stability,

News  •  Bitcoin  •  Jan 25, 2022
Reconsider Russian Central Bank Proposal To Ban Cryptocurrency, Says Putin
Reconsider Russian Central Bank Proposal To Ban Cryptocurrency, Says Putin

In a conference call this week, Russian president Valdimir Putin asked government officials and members of the Russian Central Bank to continue assessing cryptocurrencies. His comments came less than a week after the central bank released a proposal to completely ban the use and mining of cryptocurrencies on Russian territory.

News  •  Bitcoin  •  Jan 25, 2022
Opensea Exploit Allows Bad Actors to Purchase NFTs at Lower Prices
Opensea Exploit Allows Bad Actors to Purchase NFTs at Lower Prices

Opensea is a Non-Fungible Token (NFT) marketplace where users can publish and trade their digital art, music, real estate, and digital experiences. The New York based platform was founded in 2017 by Devin Finzer and Alex Atallah. Using Ethereum, artists and creatives can mint and sell NFTs with smart contract

News  •  Technology  •  Jan 24, 2022
Russian Tech Executives and Politicians See Cryptocurrency Ban as Detrimental to Nation's Tech Sector
Russian Tech Executives and Politicians See Cryptocurrency Ban as Detrimental to Nation's Tech Sector

Following Russia’s proposal to ban all mining and exchanges involved with cryptocurrency, some technology and political executives have voiced opposition against the proposal. The proposal from January 20th, 2022 suggests the halt of cryptocurrency issuance, operations, banks buying or investing in cryptocurrencies, and exchanging cryptocurrencies for fiat. Also proposed

News  •  Bitcoin  •  Jan 24, 2022
Biden administration to release executive order on cryptocurrency in February
Biden administration to release executive order on cryptocurrency in February

According to unnamed sources cited by Bloomberg, the Biden administration is preparing to release an executive order that will outline a comprehensive government strategy on cryptocurrencies. This news comes on the heels of a U.S. Senate hearing on stablecoins, a Congressional subcommittee hearing on energy usage involved in cryptocurrency

News  •  Bitcoin  •  Jan 24, 2022
Bitcoin Trading and Custody Coming to 300 US Banks in the 1H 2022
Bitcoin Trading and Custody Coming to 300 US Banks in the 1H 2022

According to participants, partnerships between NYDIG and 300 US banks have been finalized, with regulatory and security concerns that lingered now resolved.  Local banks believe that offering Bitcoin trading will keep them afloat as customers have expressed demand for it. Harold Reynolds, CEO of the $1.3 billion-asset BankSouth in

News  •  Bitcoin  •  Jan 23, 2022
US Congress holds hearing on 'Cleaning Up Cryptocurrency'
US Congress holds hearing on 'Cleaning Up Cryptocurrency'

On Thursday, January 20, 2022, the United States House Energy and Commerce Oversight Subcommittee held an investigative hearing titled “Cleaning up Cryptocurrency: The Energy Impact of Blockchains.” Topics discussed during the hearing included energy usage in blockchain technologies and its impact on grid infrastructure in the U.S., and environmental

News  •  Bitcoin  •  Jan 23, 2022
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