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How China Is Clamping Down On Crypto Trading With Social Media

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The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. billion fund focused on the blockchain.

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Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

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The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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Crypto 2020: One Step Up; Two Steps Back

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If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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Hearings Scheduled For BB&T, SunTrust Merger

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The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S.

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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. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

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Bitcoin Daily: Japan’s LINE Approved For Crypto License; Binance To Soon Launch US Branch

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Japan ’s LINE has been approved for a cryptocurrency business license in the country, allowing it to offer its crypto exchange services in Japan. LINE will reportedly offer two tokens — LINE Point in Japan and LINK for other nations — to connect users and service providers. 6 in the name of LVC Corp.,

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FB Touched Base With Fed On Crypto

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Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. It reportedly has already found backing from over a dozen companies, including Visa, Mastercard, PayPal Holdings and Uber Technologies on it.