Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday’s Hearing

Not every U.S. lawmaker is on board with the idea of a central bank digital currency (CBDC) or digital dollar, but no one explicitly rejected it during a hearing of the powerful Senate Banking Committee Tuesday. That’s probably the biggest takeaway from Tuesday’s hearing, where the panel heard from former regulator turned CBDC evangelist Chris […]

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Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former Commodity Futures Trading Commission (CFTC) […]

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Is the Travel Rule Good or Bad for Crypto? Both

Malcolm Campbell-Verduyn is assistant professor of International Political Economy at the University of Groningen in the Netherlands. He is editor of the book Bitcoin and Beyond. Moritz Hütten is researcher on blockchains and the future of work at Darmstadt Business School, in Germany.  The Travel Rule officially extends to ‘virtual asset services providers’ (VASPs) this […]

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New Zealand Police Seize $90M Linked to Alleged BTC-e Exchange Operator

New Zealand police have seized NZ$140 million (US$90 million) in bank funds linked to Alexander Vinnik, a Russian alleged to have been the controller of the now-defunct BTC-e cryptocurrency exchange. The seizure of funds, which were controlled by a New Zealand-registered company, is said to be the largest in the country’s history by federal police. […]

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SEC Chair Clayton Nominated as US Attorney for New York

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may be the next U.S. Attorney for the Southern District of New York. According to a Department of Justice press release published late Friday, Clayton was nominated by U.S. President Donald Trump to helm the prosecutor’s office, three years after he first took on the role […]

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Minnesota Official Alarms Privacy Advocates With Contact Tracing Comments

At a press conference Sunday Minnesota Department of Public Safety commissioner John Harrington compared the methods police were using to identify protestors to those used to track COVID-19 cases.  We’ve “begun analyzing the data of who we have arrested, and begun, actually, doing what you would think as almost pretty similar to our COVID. It’s contact […]

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Telegram Withdraws Offer to Repay Investors With Gram Tokens

Telegram won’t be repaying its investors in gram tokens after all. The messaging platform told investors in its TON blockchain project Monday that it would not be paying investors back in tokens, and it was looking to buy American investors out immediately. Telegram, which has twice delayed the launch of its new network, is contractually […]

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How Oil Going Negative Could Open the Door for Bitcoin ETFs

This will always be remembered as the week when oil went negative. The economic repercussions of this are staggering and will take months to fully comprehend – but, more short-term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can.  Also compelling is what this […]

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UK’s Tech Bailout Could Help Blockchain Devs Weather COVID-19 Shutdown

Britain’s tech startups are getting a tailor-made COVID-19 relief fund. On Sunday, the UK government unveiled a £1.25 billion ($1.53 billion) rescue package for high-growth businesses, pledging £500 million in loans and £750 million in research funding to keep floundering startups afloat through the coronavirus pandemic. The new package is targeted at tech firms in […]

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Dutch Central Bank Wants to Be European Union’s CBDC Proving Ground

The Dutch Central Bank (DNB) thinks the Eurosystem’s central bank digital currency (CBDC) should be more programmable than bitcoin.  Saying on Tuesday that cryptocurrencies offer some technological lessons for the banks they seek to displace, DNB wrote that smart contracts could help “future proof” CBDCs. The 45-page CBDC report is the Netherlands pitch to become […]

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