Category: Government
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China’s Research Institute Updates Crypto Ranking — Review Affected by Pandemic
China’s Center for Information and Industry Development has published its latest crypto project rankings as the country continues to battle the coronavirus pandemic. A total of 37 crypto projects were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About…
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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application. Also read: 2x Bitcoin — Wanna Double…
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Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?
[youtube https://www.youtube.com/watch?v=NUyCO3FXHS4&w=560&h=349] Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in the current economic climate. However, there’s one big caveat: it…
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Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
Fiat currencies across the globe have experienced sharp declines in the wake of the coronavirus panic, with the Norwegian Krone falling over 30% lately last week. The Mexican peso and Australian dollar trailed close behind over the same period, with multiple fiat currencies also taking a nosedive. Though USD remains strong, some speculate this is…
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Minting Basic Income – US Lawmaker Asks Treasury to Issue Two $1 Trillion Coins With No Debt
The U.S. is now facing the onslaught from the coronavirus outbreak. During the last two weeks, bureaucrats have shut down multiple industries while the Federal Reserve has injected trillions into the hands of private banks. Bipartisan members of Congress have been penning a 2020 stimulus plan, as the government may send $1-2K to every American…
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US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows
As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit longer to feel the brunt of the financial hardship. As individuals watch the value of their investments fall, economists believe the U.S. housing market will crash to 29-year lows amidst a looming global recession. Lendingtree’s chief economist Tendayi Kapfidze…
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China’s Changing Perception of Bitcoin: Bitkan CEO Shares Insights After 7 Years in Crypto Industry
Since the advent of bitcoin in 2009, cryptocurrencies have gone from being a niche topic for tech nerds to ubiquitously recognized — if not always understood — staples of modern finance. Bitkan CEO Liu Yang recently took some time out to give news.Bitcoin.com a peek into the Chinese bitcoin community and its changing ideas and…
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Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting the constitutionality of the question, urging all…
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The Government Can’t Stand Decentralized Innovations Like Bitcoin, so It Tries to Ruin Them
[youtube https://www.youtube.com/watch?v=BK7mfq8_u08&w=560&h=349] Feeding the homeless, affordable medicine, an easy-to-use gas can design, starting a small business to meet the needs of one’s community — borderless, permissionless P2P electronic payments. These are all simple, practical activities and tools that can be leveraged in decentralized fashion to benefit human societies immensely. So why do we see governments…
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Rumors of Bitcoin’s Death Are Greatly Exaggerated
According to the Bitcoin Obituary Page, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency thrives because it continues to fill the human need…