Month: September 2021

Billionaire Orlando Bravo Owns Bitcoin, Says ‘It Will Increase Significantly, I’m Very Bullish’

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Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.” Billionaire Investor ‘Very Bullish’ on Bitcoin Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, talked about bitcoin Wednesday at CNBC’s Delivering Alpha conference. His net worth as of Sept. 29 is $6.3 billion, according to Forbes.…

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Democrats grit their teeth after Manchin lists demands

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Democrats are desperately trying to make lemonade out of the bag of lemons Joe Manchin handed them Thursday. Senate Democrats spun away Manchin’s utter rejection of their $3.5 trillion spending dreams and embrace of a $1.5 trillion plan as a positive development, saying that it offered them a path forward for negotiation on a potential deal. When that deal will come to fruition, however, is anyone’s guess. And that still leaves some Democrats pretty sour about the whole affair, as progressive aspirations face their second major setback. Their original goal…

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Congress averts shutdown, sends 9-week funding patch to Biden’s desk

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Congress thwarted a government shutdown that would occur at midnight on Thursday after both chambers swiftly passed a short-term spending bill, sending the measure to President Joe Biden’s desk just hours before federal cash expires. The House passed the stopgap bill in a 254-175 vote on Thursday afternoon, just a few hours after the Senate approved the bill in a 65-35 tally. The continuing resolution would keep spending levels static for both the military and non-defense programs, buying Congress until Dec. 3 to either work out a broader deal on…

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Solana-Based DEX Soldex AI, CEO John Robertson Explains the Impact

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One of the backbones of crypto market in today’s world are decentralized exchanges that took the world by the storm in recent years. And as the crypto exchange market is moving and developing rapidly, it is absolutely no surprise that the exchanges have to evolve in accordance. Therefore, today, The CEO of Soldex.ai, John Robertson will present you with the next step in crypto exchanges, which is the AI powered trading that may be the future of the token trading. The impact of Soldex.ai and what makes it to stand…

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Coinbase to Add Direct Deposit Feature — US Paychecks Can Soon Be Converted to Crypto

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On September 27, the digital currency firm Coinbase announced that U.S. customers will soon be able to directly deposit their paycheck into their Coinbase accounts. With the new direct deposit feature, Coinbase customers can leverage their funds to make investments, generate yield, or add value to their Coinbase prepaid debit card. US Coinbase Customers Will Soon Be Able to Use Direct Deposit Feature Coinbase has come a long way since the firm was created in 2012, and now as a publicly-listed company, the crypto firm offers a myriad of services…

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Manchin proposed $1.5T top-line number to Schumer this summer

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Joe Manchin proposed a deal to Senate Majority Leader Chuck Schumer this summer to limit the total cost of Democrats’ sweeping spending bill to $1.5 trillion, according to a copy of the agreement obtained by POLITICO. Manchin also suggested beginning debate no earlier than Oct. 1. The West Virginia senator has been distributing the document to Democratic colleagues and leaders in recent days to underscore that he has outlined his red lines on President Joe Biden’s jobs and families plan. The one-page understanding is dated July 28, right before the…

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DC Comics Aims to Release ‘One of the Largest NFT Drops Ever’ at This Year’s Fandome

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One of the largest and oldest American comic book publishers DC Comics, Inc., has announced the firm has partnered with Palm NFT Studio in order to unleash a large swathe of non-fungible token (NFT) collectibles. The NFT drop will take place during the DC Fandome on October 16 and the NFT art will feature superheroes like Batman, Superman, Green Lantern, Wonder Woman, and Harley Quinn. American Comic Book Publisher DC Comics to Drop a Large Collection of NFTs Two weeks from now on October 16, the American comic book publisher…

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Senate passes 9-week funding patch to thwart shutdown

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The Senate passed a stopgap spending bill Thursday afternoon that would prevent a government shutdown come midnight and punt the funding cliff into early December. The measure now lands in the House, which is expected to clear the bill for President Joe Biden’s signature with mere hours to spare before cash stops flowing to federal agencies. The continuing resolution would keep spending levels static for both the military and non-defense programs, buying Congress until Dec. 3 to either work out a broader deal on new funding totals or yet another…

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Pelosi mounts eleventh-hour push for infrastructure vote

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Speaker Nancy Pelosi on Thursday declared she had no plans to delay a high-profile vote on President Joe Biden’s infrastructure bill, even as members of her leadership team bluntly warned the vote could fail. Pelosi told reporters a half-dozen ways that Democrats were muscling ahead with the vote despite mounting progressive threats to tank the bill without a clear path forward for the party’s separate — but politically linked — safety net bill. “We’re on a path to win the votes. I don’t want to even consider any options but…

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Senate to pass 9-week funding patch to thwart shutdown

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The Senate is slated to pass a stopgap spending bill Thursday afternoon that would prevent a government shutdown come midnight and punt the funding cliff into early December. The chamber is expected to vote on the nine-week patch around lunchtime, sending the measure to the House, which is expected to clear the bill for President Joe Biden’s signature with mere hours to spare before cash stops flowing to federal agencies. The continuing resolution would keep spending levels static for both the military and non-defense programs, buying Congress until Dec. 3…

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CFTC Charges 14 Trading Platforms Offering Crypto-Related Investments

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The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to be registered. These websites also exhibit other signs of being scams. 14 Entities Charged by CFTC After charging major cryptocurrency exchange Kraken, the Commodity Futures Trading Commission (CFTC) has now gone after trading platforms claiming to offer crypto-related investments. The CFTC announced Wednesday that it has “filed charges against 14 entities for either failing to register as futures commission merchants…

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Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese

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While there’s a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese. Traders of Crypto Surveys Hundreds of Britons, Researchers Parse 12 Months of Crypto Query Data A recent study published by the researchers at tradersofcrypto.com combed through the most-searched questions that could be entered into Google Keyword Planner in order “to discover how…

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How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds

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According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon itself to protect the safety and security of the virtual finance world. Here is how it helps legal authorities to take down cybercriminals laundering money. Busting the $500 Million FANCYCAT Ring In June 2021, Binance…

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Terra to Apply Columbus 5 Mainnet Migration

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Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Columbus 5 to Go Live Today Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet upgrade today.…

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Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

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Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on the naira, which has depreciated by more than 10% in the past two months. The Naira’s Continuing Depreciation The call by Obanikoro comes nearly two weeks after threats from the Central Bank of Nigeria (CBN) governor forced Abokifx to stop publishing the naira’s black market exchange rates. Yet even after the suspension of the service, the naira continues to slide…

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The White House is fine with the hell progressives are raising

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Progressives in the House are revolting. Inside the White House, they’re welcoming it. One by one, liberal lawmakers have announced that they will vote to defeat a bipartisan infrastructure bill if moderate Democrats and the White House do not offer a firm outline for an accompanying social and climate spending package as well. And just as tensions within the party were at a seeming boiling point this week, Sen. Bernie Sanders (I-Vt.) turned it up even further, urging House Democrats to vote against that bipartisan infrastructure bill when it is…

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Democrats dial back drug-pricing plans to win over moderates

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Top congressional Democrats are acknowledging for the first time that they’ll have to scale back their drug pricing plans to win centrist votes for their giant social spending package. Leadership may drop efforts to have the government directly negotiate the prices for medicines in private insurance plans and make fewer drugs subject to negotiations in Medicare, among the changes under consideration. It’s a sign the drug industry is bending a potential compromise in manufacturers’ favor after spending more than $171 million lobbying in the first half of this year, including…

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Russian Post to Employ Blockchain Technology in Parcel Tracking

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The national postal operator of Russia plans to implement a parcel tracking system that will rely on blockchain technology. The introduction of the new service is part of Russian Post’s digital transformation strategy and is expected to reduce the number of lost shipments. Blockchain-Based Tracking System to Help Russian Post Save Time and Resources In the context of efforts to develop its services and improve the efficiency of its logistics, Pochta Rossii, or Russian Post, is considering various options, including the implementation of blockchain technology, a representative of the company…

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EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum

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PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its first dApp EverOwn for Binance Smart Chain, EverRise is proud to announce they will launch EverBridge to both the Ethereum and Polygon blockchains on October 5th. With EverBridge, EverRise will make its revolutionary suite of dApps available to projects on both networks starting with EverOwn for Ethereum on October 5th, followed by EverOwn for Polygon on October 8th. This will expand the reach of EverRise’s security solutions and enable the $RISE token to be traded and utilized…

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‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency

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According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very little processing fees. Inexpensive Transfers & Speed: Bank of International Settlements Report Says Digital Currencies Can Be More Effective During the second week of September, the head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, explained that central banks need…

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Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’

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Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but governments can “slow down its advancement.” Elon Musk Says Governments Should ‘Do Nothing’ and Leave Crypto Alone Tesla CEO Elon Musk discussed cryptocurrency and China on Tuesday at Code Conference in Beverly Hills, California. Responding to a question from New York Times columnist Kara Swisher about whether it is “the right thing” for governments to regulate and take control of…

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House approves doomed debt limit extension but hurdles loom

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The House on a mostly party-line vote approved an extension of the debt ceiling through 2022 Wednesday, but Republican opposition in the Senate will almost certainly doom the measure. The vote came amid intraparty division over Democrats’ strategy to address the debt limit and several other high-stakes standoffs bedeviling them this week. That includes averting a government shutdown that will kick in Friday and the fate of President Joe Biden’s infrastructure bill, which was slated for a vote Thursday. Some Democrats predicted the infrastructure vote would not even happen Thursday.…

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Manchin offers alternative plans to Democrats’ ‘fiscal insanity’

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Joe Manchin released a statement on Wednesday afternoon panning his colleagues’ spending plans as “fiscal insanity.” Then he started to lay out how he wants to work on President Joe Biden’s family plan. As all of Washington hangs on his every word, Manchin said he did want to clinch a reconciliation bill even as some progressives fear he’s trying to kill the whole thing. But rather than approach the effort as the multi-trillion-dollar social spending and climate change bill envisioned by his colleagues, Manchin said Democrats needed to start with…

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Miami Mayor: China’s Crypto Crackdown ‘Creates Incredible Opportunity for America’ in Bitcoin Mining

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The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.” Miami Mayor Sees US Benefiting From China’s Crypto Crackdown Miami Mayor Francis Suarez, who has been trying to build his city into a bitcoin hub, sees the crypto crackdown by the Chinese government as an opportunity for his city…

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Schumer, Pelosi toil to ease cross-Capitol rifts over Biden agenda

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Daylight is cracking through between Chuck Schumer and Nancy Pelosi after nearly five tight-knit years leading congressional Democrats together. The two leaders are trying to ease the cross-Capitol differences that have consumed the Democratic Party’s majorities the past two weeks. And they’ve been laboring to get their caucuses and President Joe Biden on the same page. The speaker and Senate majority leader headed to the White House on Wednesday afternoon to try and shore up Biden’s jobs and families plan, which is on the brink of collapse as Senate moderates…

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Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

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On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind the Volcano-Powered Bitcoin Mine Construction The president of El Salvador shared a video via the social media platform Twitter that said “First steps,” as the film shows ASIC bitcoin mining rigs being installed at a…

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Thailand to Develop ‘Cryptourism,’ Considers Issuing Utility Token

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In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments. Tourism Board of Thailand Plans to Employ New Coin to Spur Demand From Crypto Market Pondering how to capitalize on the expanding global crypto user base, the Tourism Authority of Thailand (TAT) has pitched the idea of issuing…

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Pelosi defuses debt standoff with centrists, turns to rest of crises

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Speaker Nancy Pelosi tore into moderate Democrats opposed to a debt ceiling increase as the House prepared to vote as soon as Wednesday — one of several high-stakes standoffs bedeviling her caucus this week. During a closed-door meeting Wednesday morning, a furious Pelosi chided roughly half a dozen moderates who had been privately threatening to tank a measure to hike the debt limit, which they saw as a pointless political maneuver with the Senate GOP firmly opposed, according to several people listening. “These members have all voted for this last…

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Jan. 6 committee prepares legal arsenal for likely subpoena fights

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The House committee investigating Donald Trump’s role in the Jan. 6 assault on the Capitol is quietly devising plans to pressure hostile witnesses to spill their secrets. The select panel’s leaders are preparing a narrow set of legal and tactical options as they brace for Trump allies to invoke a wide range of constitutional protections to avoid testifying — from claiming executive privilege to invoking their constitutional right to avoid self-incrimination. Whether it’s coaxing reluctant witnesses with offers of immunity or bludgeoning them with criminal contempt of Congress, lawmakers say…

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Congress primed to avert shutdown despite remaining conflicts

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The Senate appeared on track Wednesday to prevent a government shutdown in less than 36 hours, as Democrats and Republicans wade through last-minute impediments to a stopgap funding bill’s speedy passage. Despite lingering issues, the measure didn’t seem to be in immediate danger of tanking, with federal cash set to expire on Thursday at midnight. Sen. Rand Paul (R-Ky.), a notorious fiscal hawk, indicated that he wouldn’t object to quickly passing the continuing resolution, which would keep the government funded through Dec. 3. If the Senate passes the stopgap bill…

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