55% of voters are likely to shun candidates opposing crypto

New research from Coinbase reveals that 55% of voters in pivotal U.S. states are less likely to support political candidates who oppose cryptocurrencies and web3 technologies. This data comes as part of Coinbase’s broader initiative to galvanize 52 million American crypto owners into a formidable political force. Coinbase data shows that 1 in 5 adults own crypto in America – it’s a group 52 million Americans strong. Polling in the fall of 2022 showed that in the key states of NH, NV, OH, and PA, over half (55%) of voters…

US House Financial Services Committee leadership takes opposing sides on the PayPal stablecoin

PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory clarity. In an Aug. 9 statement, committee ranking member Maxine Waters said she was “deeply concerned” about the PayPal USD (PYUSD) stablecoin without a regulatory framework in place to ensure oversight and protection for investors. PayPal announced the stablecoin’s launch on Aug. 7, saying its PYUSD would be issued by Paxos Trust and “fully backed by U.S. dollar deposits, short-term…

Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?

Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months. Only one can be right. Billionaire investor Bill Ackman says he is shorting US Treasuries. if long-term inflation is 3% not 2%, the 30y Treasury yield could rise to 5.5%. In contrast, Warren Buffett has announced buying positions in 10y US Treasuries. Shorting US 10y bonds seems… pic.twitter.com/X2zSPzJ91Y — Holger Zschaepitz (@Schuldensuehner) August 5, 2023 Buffett has been buying short-term Treasury bills,…

North Carolina lawmakers pass bill opposing CBDC payments

The House of Representatives of North Carolina has passed legislation to ban payments to the state using a central bank digital currency (CBDC). North Carolina passes legislation against CBDC use House Bill 690 was passed unanimously on May 3, with all 118 legislative body members supporting the proposal. Originally called “No Cryptocurrency Payments to State,” the bill was introduced in early April and was later modified to focus on digital currencies issued by the United States Federal Reserve (Fed). The latest version of the bill aims to prohibit individuals from…

Nvidia Swaps Sides from Opposing Microsoft to Offering ‘Full Support’ for Regulatory Approval of Activision Blizzard Acquisition

Microsoft is expanding its gaming unit to pacify opposers and prevent the Activision Blizzard takeover from being obstructed. After initially opposing tech giant Microsoft (NASDAQ: MSFT) over acquiring video game company Activision Blizzard (NASDAQ: ATVI), software company Nvidia (NASDAQ: NVDA) has allied with Microsoft to bring Xbox PC games to its cloud gaming service. Under the new deal between Microsoft and Nvidia, the software company would onboard Microsoft’s  Xbox PC games to its GeForce NOW gaming service. Nvidia Forms New Relationship with Microsoft The turnaround in Nvidia and Microsoft’s relationship…

Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC

Former United States Federal Reserve vice-chair for supervision Randal Quarles discussed central bank digital currencies (CBDC) and the chances of the U.S. adopting such technology in an interview on the “Banking With Interest” podcast Tuesday. Quarles, who is known for his opposition to a CBDC, expressed his skepticism about the so-called digital dollar and predicted the U.S. will not introduce it. Quarles, who served at the Fed from 2017 to 2021, said a close analysis of CBDCs would show that their advantages are “extremely marginal, if they exist at all.” He…

Crypto Becomes Lifeline for Russian Emigrés Opposing Putin’s War in Ukraine

However, this method, at the end, felt too costly and clunky for Alexander to use regularly, he said. Now, he’s looking into more traditional, fiat remittance options that still work for Russian citizens. For example, KoronaPay, a Cyprus-registered fintech company, allows users to send money between Russia and multiple other countries, including some in the European Union, similar to what Western Union does. Source

Chainlink and DAPP Network: Opposing Projects with Aligned Aims

On the face of it, there aren’t many obvious similarities between Chainlink and LiquidApps’ DAPP Network. The former is an oracle solution focused on enhancing the Ethereum network, while DAPP Network is primarily EOS-based, and is designed to address broader problems than mere oracles; scaling, resource allocation and dApp user onboarding are among its many features. Dig a little deeper, however, and one is struck by the similarities between the projects, not just in their approach to building, but in their vociferous communities that have elevated these once tiny projects…