Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them

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Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth. Also read: Ex-Liberia Central Bank Chief Under Probe For…

Binance CEO: ‘I Don’t Understand Why the Bitcoin Price Isn’t Shooting Through the Roof’

Binance CEO: ‘I Don’t Understand Why the Bitcoin Price Isn’t Shooting Through the Roof’

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Changpeng “CZ” Zhao quietly offered a utopian forecast for the cryptocurrency industry and his ubiquitous cryptocurrency exchange, Binance–which he revealed is becoming increasingly institutionally oriented and will launch five to 10 fiat-to-crypto operations in nearly every continent. Speaking at Consensus Singapore, the Binance chief whip suggested that the regulatory breakthroughs seen last week have now…

The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret

The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret

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This week’s major bitcoin bug was even worse than developers led on – it could have been used to effectively print more bitcoin.

US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance

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On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US…

Congress Pressures IRS to Issue Better Tax Guidelines for Cryptocurrency

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In a letter sent from the House Ways and Means Committee on Wednesday, U.S. lawmakers are calling on the Internal Revenue Service (IRS) to issue more specific guidelines for taxes on digital assets. The letter lays out exactly what questions the Committee wants to be answered, with a  deadline of “no later than Oct. 17,…

SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal

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The U.S. Securities and Exchange Commission (SEC) is now weighing whether to approve the nation’s first bitcoin-based exchange-traded fund.

Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

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Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions shutting down accounts of brokers trading cryptocurrency without merit. Also read: Zimbabwe’s Golix Battles To Grow Volume After Breaking Into…

PNC Bank Signs On to Use Ripple’s xCurrent, Joins RippleNet

PNC Bank Signs On to Use Ripple’s xCurrent, Joins RippleNet

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Ripple has revealed that it has signed its first major U.S. bank to its network. .@PNCBank has joined the 100+ financial institutions on RippleNet. It’s one of the first major U.S. banks to use #blockchain tech to streamline payments into and out of the country. https://t.co/nckQaup9vZ — Ripple (@Ripple) September 19, 2018 PNC Bank and…

Ripple’s xRapid Product Gains Momentum, May Launch in the Next Month

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Ripple CEO Brad Garlinghouse said earlier this year that he hopes to have major banks using the company’s cryptocurrency XRP by the end of the calendar year, and “dozens” more using it in 2019. A big part of making that a reality will be Ripple’s xRapid product, which company executives hinted may launch within the next month.…