United States

US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security

Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate. Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5-megawatt liquid-cooled mining containers online. Its short term goal is …

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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far? The FATF — an intergovernmental organization tasked with combating money laundering — …

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After MIT Find Vulnerabilities, Medici Ventures Defends Blockchain Voting App Voatz

Jonathan Johnson, CEO of Overstock and president of Medici Ventures, has issued a statement supporting blockchain in voting in response to the technology’s vulnerabilities claims published on Feb. 13. Emerging technologies got in the crosshairs of regulators when a mobile software application that had been devised to help calculate the total number of votes in …

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Blockfolio and TokenTax Join Forces to Make Taxes Easier

The deadline for filing 2019 taxes in the United States is quickly approaching. Even for those declaring traditional income, the process can be lengthy to say the least. One of the biggest challenges for crypto holders in the US and beyond is how to declare their crypto assets and not run afoul of the IRS. …

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US Treasury Secretary Promises “Significant New Requirements” on Cryptocurrency

Though the Democratic presidential race in the United States may have lost its most forward-thinking candidate when it comes to cryptocurrency, that doesn’t mean it’s not still a hot button issue across party lines. The number of patents and companies associated with cryptocurrencies and blockchains continues to rise in the US market, making it both …

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Botched Iowa Caucuses Won’t Cast Shadow Over Blockchain Voting

According to a report released on Feb. 5, a mobile software application that was devised to help calculate the total number of votes in the Iowa Democratic caucus reportedly malfunctioned, resulting in the Democratic Party having to delay its public reporting of last Monday’s results. It was also revealed that a coding issue with the …

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Circle Continues Sell-offs as Voyager Digital Acquires Investment App

Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager. Circle Invest customers to be moved …

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US Defense Contractor Seeks Cryptocurrency Exploiters

BAE Systems, Inc., a United States-based contractor that provides support and service solutions for defense, intelligence, and civilian systems, is seeking cryptocurrency exploiters. BAE Systems listed an open position for so called cryptocurrency exploiters on employment-oriented platform LinkedIn. Those in the position are set to support a company’s client’s operational requirements in the Washington Metropolitan …

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CFTC’s Fintech Research Unit to Hold Office Hours for Innovators

The United States Commodity Futures Trading Commission’s fintech lab will host office hours during New York Fintech Week. In April, the CFTC’s fintech research unit, LabCFTC, will host office hours during New York Fintech Week to engage with innovators in the field, according to a recently published announcement. LabCFTC’s objective is to promote market-enhancing fintech …

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US Congressman Challenges Fed Chair on Threat of China’s Digital Currency

United States Congressman Bill Foster (D-IL) has questioned the Chair of the Federal Reserve Jerome H. Powell on U.S’s central bank digital currency (CBDC) progress at a hearing on monetary policy earlier today.  Foster hopes for a digital dollar Foster began his questioning by asking Powell: “Do you think that establishing a digital dollar would …

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