Exploring The Five Best U.S. Cities For Bitcoin Enthusiasts
Due to the growth of Bitcoin, several U.S. cities have emerged as hotspots for bitcoin enthusiasts; these are the five best.
Crypto Transactions, Virtual Assets To Come Under Money Laundering Act
The finance ministry today announced that cryptocurrency transactions would now come under the ambit of money laundering provisions. In a notification, the government said that participation in transactions involving virtual digital assets would be under the Prevention of Money Laundering Act (PMLA). The move is the latest step taken by the government to tighten oversight of digital assets.
Alert — If You Trade Crypto On Binance, Consider Yourself Warned
Late last year, as crypto markets were struggling to regain their footing, the world’s biggest cryptocurrency exchange quietly moved $1.8 billion of collateral meant to back its customers’ stablecoins, putting the assets to other undisclosed uses. They did this without informing their customers. According to blockchain data examined by Forbes, from August 17 to early December–about the same time FTX was imploding–holders of more than $1 billion of crypto known as B-peg USDC tokens were left with no collateral for instruments that Binance claimed would be 100% backed by whichever token they were pegged to. B-peg USDC tokens are digital replicas of USDC, a dollar-pegged stablecoin issued by Boston-based Circle Financial, that exist on blockchains not supported by the firm such as Binance’s proprietary Binance Smart Chain. Each stablecoin is worth one U.S. dollar.
Fiat Money Has Won The Battle Against Cryptocurrencies, Says BIS Chief
A report from the International Monetary Fund (IMF) in September 2022, co-authored by BIS Chief Carstens, identifies three shortcomings that preclude cryptocurrencies from serving as a “sound basis for the monetary system,” which shows how fiat money has won the battle against cryptocurrencies.
The World Economic Forum’s ‘AI Enslavement’ Is Coming For YOU!
When Sir Thomas More wrote his socio-political satire about a fictional island society in the New World, he gave it the fabricated name, Utopia, derived from simple Greek and meaning, “no-place.” Although More was humorously telling his audience that his idealized community existed nowhere, centuries of central planners chasing the fantasy of utopian societies have failed to get the joke. Worse, for every peaceful religious community seeking separation from modern civilization, there is a power-hungry tyrant seeking to impose his will upon everyone else.
Crypto Exchange Binance Will Suspend U.S. Dollar Transfers
Without any explanation, crypto exchange Binance said that it would suspend U.S. dollar transfers, but the company’s subsidiary, Binance US, stated in a tweet that it is unaffected by the ban.
The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a disaster. (That’s wrong, by the way. The US has defaulted before.)
White House Targets Cryptocurrencies, Calls For Stronger Enforcement By Regulators
A blog post was co-written by national security adviser Jake Sullivan, director of the National Economic Council Brian Deese, director of the Office of Science and Technology Policy Arati Prabhakar, and chair of the Council of Economic Advisors Cecilia Rouse on the official White House website targets cryptocurrencies and calls for stronger enforcement by regulators.
Iran And Russia Want To Issue New Stablecoin Backed By Gold
According to reports, the Central Bank of Iran and the Russian government are working together to issue a new stablecoin that is backed by gold to be used in overseas trade.
What Is Andrew Tate Net Worth And How Did He Make So Much Money
Renowned influencer Andrew Tate has apparently been detained, and it appears that his Twitter spat with environmental and climate activist Greta Thunberg was what prompted police to verify his whereabouts.