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After Math: Plead the fifth

Sponsored Links Comedy Central With Dave Chappelle coming back to Netflix for the one, two, three, four, fif time later this month, we’re taking a look at all of this week’s headlines that will make you want to plead against self-incrimination. Netflix’s fifth Dave Chappelle comedy special debuts August 26th Come August 26th, high school …

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Congressional Research Service Examines Blockchain in Energy Sector

The Congressional Research Service has released a report that examines, among other things, the potential advantages and disadvantages of pursuing blockchain-based solutions for the energy sector. The Congressional Research Service released their findings in a report on Aug. 9, entitled “Bitcoin, Blockchain, and the Energy Sector.” In its report, the research group noted that launching …

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Congressional Research Service Finds Potential Blockchain Uses for Energy Sector

The U.S. Congressional Research Service released a report detailing the potential uses for blockchain in the national energy sector. In a report titled Bitcoin, Blockchain, and the Energy Sector, published August 9, the legislators detailed the current state of energy consumption related to cryptocurrency mining, both nationally and internationally. They also explored possible ways to …

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Circle CEO to Testify Before Senate on Blockchain and Digital Assets

Circle co-founder and CEO Jeremy Allaire is scheduled to testify before congress tomorrow as a representative of The Blockchain Association — a business organization comprised of blockchain industry advocates.  Allaire will testify before the Senate Committee on Banking, Housing and Urban Affairs in an open session hearing called “Examining Regulatory Frameworks for Digital Currencies and …

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Facebook Libra Not Avoiding U.S. Regulators, Switzerland a Better Fit

Among all the issues cropping up in Facebook’s recent hearing in the United States Congress regarding its new Libra cryptocurrency, the matter of location was perhaps the thorniest. Testifying before various banking and financial committees, Libra co-creator David Marcus was repeatedly questioned as to why Facebook had decided to establish the subsidiary behind its newfangled …

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Crypto Bullishness Spreads on Capitol Hill

<header class=”article__header”> </header> <strong>U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the …

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Senator Brown on Libra: ‘A Recipe for More Corporate Power Over Markets’

Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee.  Senator Brown’s recent comments came by way of an official video tweet by NowThis News on July 16, posted hours after the Senate Banking Committee hearing on Facebook’s Libra. …

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

<header class=”article__header”> </header> <strong>Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance …

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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12. The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial …

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

<header class=”article__header”> </header> <strong>A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.</strong> Also read: G20 Leaders Issue Declaration on …

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