Congressional candidate Dan Elder announced he will fund his campaign only with bitcoin.
The US has been exploring CBDCs, but it has not yet determined whether it will pursue one. The possibility of a digital US dollar itself has provoked serious concerns in the country, with the community’s opinions on this matter divided.
Meta Platform’s threat to remove news from its platform is something it had actually done before.
The United States Congress is working on a $2 trillion stimulus bill to mitigate financial hardships due to coronavirus, with Americans set to get up to $1,200 checks for that purpose.
As part of special provisioning, Congress would likely allow all the affected persons with COVID-19 to withdraw $100,000 from their retirement plan. However, before making any decision it is better to consider some pros and cons.
Bitcoin fell by almost 10% on October 23 to reach near a 5-month low after losing $500 in 15 minutes. Is Mark Zuckerberg responsible for this crash?
The earlier proposed hearing by the Committee on Financial Services began with the SEC and tackled several issues regarding cryptocurrency, the SEC’s function, Facebook’s Libra, as well as blockchain technology.
After Bakkt officially launched its futures contract offering yesterday, the market seemed to lose some weight, disappointing general expectations. The market is also anxious about today’s Congress hearing.
With a sense of urgency, the US Congress has set Sept. 24 as a day to thrash out issues relating to cryptocurrency together with the leadership of the SEC, which comes just a day after Bakkt launch.
Two U.S. congressmen Warren Davidson and Darren Soto, are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.
Congressman Darren Soto and Ted Budd have introduced the bills that direct the CFTC and other financial regulators to make recommendations for how to improve the crypto regulatory environment for both consumers and businesses.