Sen. Elizabeth Warren Demands Swift Action Against Crypto-Financed War by Hamas

A bipartisan group of lawmakers is urgently calling upon the Biden administration to take swift action against the use of Bitcoin and other cryptocurrencies by Hamas and its associated entities. In a letter sent on Tuesday to both the US Treasury Department and the White House, led by Senators Elizabeth Warren, Roger Marshall, and Representative…

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Crypto leaders: 12 practical tips for effectively working with regulators

Only crypto leaders hold the knowledge and enthusiasm to help guide responsible regulations that don’t throttle crypto. The world is interested in crypto. In the United States and European Union, individual investors have shown they are intrigued by its possibilities, while emerging economies are leveraging it to expand access to financial services. This, of course,…

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Bitcoin Enthusiast Proposes Innovative BitVM Paper, Introducing Ethereum-Like Contracts to Bitcoin

The individual behind the whitepaper, Robin Linus, has designed the architecture of BitVM by drawing inspiration from Ethereum’s optimistic rollups, incorporating fraud proofs and recent advancements in Merkle tree technology. A Bitcoin developer has introduced a novel approach to introduce more expressive off-chain smart contracts to the Bitcoin network without requiring a soft fork. Unveiled…

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Russian President Vladimir Putin

Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing

Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of the American economy in world GDP is declining.” In contrast, the Russian president…

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Jeffrey Sachs, an American economist

American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’

Share quote to Twitter Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one of the factors that…

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US DOJ to Combat Crypto Crime With a Larger Team

The upcoming changes could give the DOJ “the resources and runway to accomplish even more,” senior official Nicole Argentieri stated. The Department of Justice (DOJ) of the United States plans to reinforce its team responsible for investigating cryptocurrency-related crimes with more prosecutors. The unit will also have a new leader, with Claudia Quiroz replacing Eun…

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US lawmaker urges SEC to rethink crypto regulation following landmark XRP ruling

U.S. lawmaker Ritchie Torres has urged the Securities and Exchange Commission (SEC) to reconsider its approach to regulation in the cryptocurrency industry following Judge Analisa Torres’s landmark ruling, according to a July 18 letter directed at chair Gary Gensler. On June 13, Judge Torres ruled that the programmatic sales of XRP did not constitute a securities offering. However, the Judge also…

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US GAO says lack of interagency cooperation needs to be addressed in crypto regulation

In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance.  The 77-page report was…

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