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US Treasury Secretary Sees Libra As National Security Threat

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Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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Bitcoin Daily: SEC, Kik In Court Over Token Sale; Billionaire Tim Draper Eyes Investing In India’s Crypto Sector

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In addition, the regulator disputed Kik’s contentions that half of its sale was just for accredited investors. The billionaire investor said per Inc42 , as cited by the Cointelegraph report, “I met several Bitcoin and crypto startups while I was in India last week. Kik contended in its summary judgment motion that it followed U.S.

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Crypto 2020: One Step Up; Two Steps Back

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Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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Blockchain Begins Earning Some Bitcoin-Like Skepticism

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The publication noted blockchain’s “talismanic effect in today’s stock market” and investors’ heightened appetite to “capitalize on the popularity of currencies like bitcoin and Ethereum” as other reasons to take Kodak’s latest venture with a bit of healthy skepticism. Broader Doubts Emerge. That is the theory,” he continued.

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Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil Market To Use Petro

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According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro.

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Russian Central Bank Testing Digital Currencies

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. “Regulators of all countries agree that it’s essential to develop a national digital currency, that it is the future,” Skorobogatova said. Based on the pilot projects which we are conducting, we will understand which system we could use in our case for our national currency.”

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

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But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20. And the U.S.

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