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Tag Archives: crypto

Coinbase Wants a Whole New Regulatory Department to Handle Crypto

In a recent statement, Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – made a case for creating a whole new regulation department to oversee the processing of cryptocurrency transactions. Coinbase Has Some Big Ideas Regarding Crypto Regulation Right now, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are tasked with examining crypto activity and digital processes. However, these...

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Vladimir Putin May Be Open to Accepting Crypto in the Future

Russian president Vladimir Putin has stated that he is not a big bitcoin hater. In fact, he even hinted in a recent interview that Russia could be the next big country to declare the currency a national payment option in the coming future, though a specific timeline was not given. Vladimir Putin Discusses Crypto The discussion centering around crypto hails from a recent one-on-one Putin had with CNBC. A question regarding oil contracts being settled in crypto rather than...

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Navy Engineer Jonathan Toebbe Arrested for Exchanging Restricted Data for Crypto

Jonathan Toebbe – a nuclear engineer with the U.S. Navy – has been charged with trying to sell secrets regarding the country’s nuclear submarines for cryptocurrency. Toebbe Is Charged with Conspiracy to Pass Along Restricted Data The scheme was allegedly uncovered by the Federal Bureau of Investigation (FBI) in late 2020. Agents posing as foreign nationals reached out to Toebbe with an offer of paying digital currency in exchange for information about the U.S.’s nuclear...

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Jay Clayton: The SEC “Cares” About Securities. That’s Why It’s Involved in Crypto.

As the former Securities and Exchange Commission (SEC) chairman, Jay Clayton oversaw the financial agency for approximately four years. He came down hard on the industry many times, and initiated penalties to companies that claimed their securities were mere “tokens” or “coins” that the SEC held no jurisdiction over. Jay Clayton On the Future of Crypto However, despite this hardcore attitude, Clayton is quite positive about the future of crypto. He thinks that blockchain...

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Bit Pay Allows Verifone Customers to Pay with Crypto

Bit Pay and Verifone are partnering up to allow the latter’s customers to pay for goods and services with digital currencies, thereby bringing the initial goals of bitcoin and its crypto cousins closer to reality. Bit Pay Is Looking to Push the BTC Agenda Forward Initially, bitcoin and many of its counterparts were established to be payment methods. One could use them to purchase things they needed, and they could eventually push the checks, fiat currencies and credit...

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Chloe Klem NFT Sells for More Than $70K in Crypto

A popular internet meme of a side-eyed Chloe Clem has sold for more than $70,000 in cryptocurrency. The image – which became a popular staple of internet culture back in the year 2013 – has been sold in the form of a non-fungible token (NFT). Chloe Clem Has Made Her Family a Lot of Money The meme stems from a day in which Katie Clem told her daughters as they piled into the car that they were not going to school that day. Instead, they were headed for Disneyland. The...

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Teens In India Are Becoming the World’s Next Big Crypto Fans

Teenagers in India are becoming the world’s newest cryptocurrency fans. India Has Had a Weird Relationship with Crypto India has had a very up and down relationship with digital currency. In the year 2018, for example, the nation’s central bank decided that crypto companies could not get access to bank accounts, and that standard financial institutions would not be permitted to work with any firm that delved in bitcoin or blockchain technology. After two years, however,...

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Women Still Don’t Invest in Crypto Enough, Study Says

A new study suggests that bitcoin and cryptocurrency have grown like crazy. They are part of a big industry that is seeing many investors, analysts and individuals stepping in and desiring to take advantage of the many benefits. There just seems to be a big problem: the crypto space is allegedly dominated by men, while women are struggling to keep up. Women Aren’t As Active in Crypto as Men Per a new study conducted by CNBC, Momentive, and other partners, it appears that...

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Survey: Many Young People Used Stimulus Money to Buy Crypto

A new survey suggests that many of the young people that garnered stimulus money from the government during the COVID-19 pandemic spent their funds on stocks and cryptocurrency. Survey Says, “Young People Enjoy Crypto!” This is to be expected in many ways considering the extraordinary level of distrust that many millennials and members of younger generations have towards standard banks and financial institutions. Many of these individuals grew up during the time of the...

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Tik Tok Is Allegedly Censoring Crypto Influencers

Social media platform Tik Tok appears to have changed its rules and regulations. As a result, many crypto and blockchain-related videos are getting taken down, though their posters say they have not committed any wrongdoing. Tik Tok Isn’t Crazy About Crypto Videos Tik Tok says it is disallowing any videos that promote illegal activities and/ or regulated goods. Here is the real irony: bitcoin and crypto is not fully regulated anywhere in the world. Thus, how could any...

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