Compliance anxiety and Republican pushback
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Compliance anxiety and Republican pushback

On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues, as anxieties over Know Your Customer compliance and the U.S. dollar inflation threat dominated the discussion.…

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All the Best Cryptocurrency Apps In One Article

The crypto market has grown a lot in the last few years. As a result, crypto enthusiasts now have a wide range of apps they can take advantage of, no matter whether they want to buy a new NFT, exchange Bitcoin Cash for DOGE, buy Bitcoin, or earn interest on their digital assets. However, not all cryptocurrency apps are equally…

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Illegal Crypto Miners Threatened With Jail Time in Russia
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Illegal Crypto Miners Threatened With Jail Time in Russia – Mining Bitcoin News

Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state, another high-ranking parliamentarian has added. Unauthorized Use of Power Could Land Miners Behind Bars…

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Bitwise launches NFT index fund for accredited investors
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Bitwise launches NFT index fund for accredited investors

In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16. As per the announcement, the Bitwise Blue-Chip NFT Index Fund is designed to allow accredited investors to invest in major nonfungible tokens and art collections. The NFT industry has exploded…

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New survey reveals 83% of millennial millionaires now own crypto
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New survey reveals 83% of millennial millionaires now own crypto

2021 has proven to be the year of crypto adoption where institutional crypto investments and millennials turning millionaires were familiar headlines. A new CNBC survey has revealed that a majority of millennial millionaires have invested a significant chunk of their portfolio in crypto and plan to continue their crypto investments in 2022. The survey polled investors with assets of $1 million…

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Ray Dalio Suggests Bitcoin's 'Merit' Has Been Fueled by Millennial Interest
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Ray Dalio Suggests Bitcoin’s ‘Merit’ Has Been Fueled by Millennial Interest

Ray Dalio, billionaire hedge fund manager and founder of Bridgewater Associates, has said that Bitcoin has “some merit,” in a recent interview with Market Watch.  “I’m not an expert on Bitcoin, but I think it has some merit as a small portion of a portfolio,” Dalio said. Dalio previously said in May of this year that he owned some Bitcoin. …

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New Cryptocurrency Bill Advances to Senate in Brazil – Regulation Bitcoin News

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central Bank of Brazil — and establish new penalties for crypto-related crimes. Chamber of…

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SEC delays decisions on Bitwise and Grayscale’s Bitcoin ETFs
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SEC delays decisions on Bitwise and Grayscale’s Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) continues to delay decisions on Bitcoin (BTC) exchange-traded funds (ETF), issuing two fresh deadline extension notices. On Dec. 15, the SEC postponed two major Bitcoin exchange-traded offering proposals, including NYSE Arca’s “actual” Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF. The SEC now expects to decide whether…

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First Wikipedia edit NFT sells at Christie’s for $750K
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First Wikipedia edit NFT sells at Christie’s for $750K

After celebrating its 20th anniversary in January, the free Internet encyclopedia Wikipedia continues making history by selling its first nonfungible token (NFT) via auction giant Christie’s. On Dec. 15, Christie’s completed an auction of two Wikipedia-related objects directly from Wikipedia co-founder Jimmy Wales. Titled The Birth of Wikipedia, the online sale included two lots, an NFT of Wikipedia’s first edit,…

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