Day: March 28, 2022

Bill proposes digital currency that replicates cash, bypasses the Fed

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The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies. The legislation calls for the U.S. Secretary of the Treasury to develop and pilot an electronic version of the U.S. dollar that is easy to use for the economically marginalized or technically challenged. It would also “maximize” consumer protection and data privacy, according to its principal sponsor Representative Stephen Lynch, chair of the Fintech Task Force in the House Financial Services Committee. Interestingly,…

Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year – Bitcoin News

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Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the first city in the country to do so, recognizing there is a boom in the cryptocurrency market. These actions form part of a plan that sees the city investing some of its funds in crypto assets in the future. Rio de Janeiro Will Expand Its Tax Payment Options The city of Rio de Janeiro revealed a plan to…

Blockchain dễ trở thành “Con dao hai lưỡi” | Cris Duy Tran | Blockchain Economy Ep 06

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cùng với sự phát triển mạnh mẽ của blockchain, các dự án ứng dụng công nghệ này cũng ngày càng chiếm ưu thế trong quá trình gọi vốn. Tuy nhiên, trong số đó, bao nhiêu dự án thực sự tạo ra sản phẩm có giá trị kinh tế và xã hội bền vững? Làm sao xác định được nội lực thực của các dự án ứng dụng công nghệ blockchain? Tại Blockchain Economy tập này, chúng tôi sẽ trò chuyện cùng anh…

Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin

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Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin.  According to information from Estadão, the third-largest newspaper read by Brazil’s 212 million populace, the Coinbase acquisition could be complete by next month. Negotiations for the purchase have been taking place over the course of 2022. Mercado Bitcoin is Latin America’s largest crypto brokerage, whose parent company, 2TM cemented its unicorn status as a billion-dollar company in 2021. Valued at $2.2 billion, 2TM has also pursued an acquisition strategy, particularly…

Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week

Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates.   Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next when the community moves forward from the comfort of Bitcoin and toward centralization. “As blockchains become more advanced and more powerful, we have to start making some difficult and uncomfortable philosophical decisions.” The CEO raised questions about Web3…

Japan plans to tighten crypto exchange regulation to enforce sanctions

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Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets. Chief Cabinet Secretary Hirokazu Matsuno in a press conference said that the government is planning to introduce a bill to revise the Foreign exchange laws to include crypto exchanges. Fumio Kishida, the newly elected prime minister of the country, also supported the proposed revision…

Ethereum risks ‘double-bust’ drop despite ETH price rebounding 30% in two weeks

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It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022. ETH price breaks out but risks remain ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date low of around $2,160, established Jan. 24. In doing so, the ETH/USD pair may have also “busted” what earlier appeared to be a bearish continuation setup, called the “symmetrical triangle.” ETH/USD daily price chart featuring…

India’s Supreme Court Wants GainBitcoin Scam Co-Suspect to Disclose His Wallet Username, Password

CryptoX – Cryptocurrency Analysis and News Portal Ajay Bhardwaj, the brother of Amit Bhardwaj, the deceased primary suspect in a scam that netted 80,000 stolen bitcoins (valued at approximately Rs 20,000 crores, or $3.8 billion), has been asked to give the details to India’s Enforcement Directorate. Mar 28, 2022 at 10:44 a.m. UTC Supreme Court of India (Shutterstock) Source The post India’s Supreme Court Wants GainBitcoin Scam Co-Suspect to Disclose His Wallet Username, Password appeared first on CryptoX. CryptoX Portal