Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’

The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount of something and it can be traded globally,” he explained. Billionaire Barry Sternlicht Owns Bitcoin and Ether Barry Sternlicht, chairman and CEO of Starwood Capital Group, an investment firm with over $95 billion in assets under management (AUM), talked about bitcoin and…

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Deep Web Confusion: Ostensible Alphabay Admin ‘Desnake’ Claims the Darknet Market Has Returned

In mid-July 2017, the largest darknet marketplace (DNM) Alphabay went dark and patrons didn’t know if the administrators were busted by law enforcement or if it was an exit scam. Not too long after the site went dark, law enforcement disclosed that an organized police task force, from various jurisdictions, infiltrated Alphabay alongside the DNM Hansa. Thailand police also arrested Alexandre Cazes, the alleged administrator for the Alphabay marketplace. Now over four years later, Alphabay (AB) has allegedly returned as the original AB admin “Desnake” has ostensibly ‘proven control’ over…

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White House banking on another McConnell retreat over the debt ceiling

Senate Minority Leader Mitch McConnell may be insisting that he won’t help President Joe Biden and Democrats solve a debt ceiling impasse again. But White House officials are still planning for the Kentucky Republican to climb down as yet another deadline approaches in December, after he convinced 10 Republican colleagues to break the logjam last week. Inside the White House, aides don’t view McConnell’s insistence as a hard “no.” Instead, they consider the recent vote in the Senate to raise the debt limit for two months a harbinger for the…

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Jan. 6 investigators move to hold Bannon in contempt

The head of the House panel investigating the Jan. 6 Capitol attack announced Thursday that he has scheduled a vote to hold former Trump adviser Steve Bannon in contempt of Congress. The select committee will vote Tuesday on a report making the case that Bannon is in criminal contempt of Congress, according to its chair, Rep. Bennie Thompson (D-Miss.). That document will include language for a contempt resolution that could come to the House floor in the coming days. “The Select Committee will use every tool at its disposal to…

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FDA advisers endorse Moderna booster shot: Three takeaways

The Food and Drug Administration’s vaccine advisory panel on Thursday unanimously endorsed use of Moderna’s Covid-19 booster shot for the elderly and younger people whose jobs, underlying health or other factors elevate their risk. The panel recommended giving the shots at least six months after initial immunization. Its vote is not binding, but the FDA normally follows the recommendations of its advisory committees. The Moderna plan endorsed by the panel would apply to largely the same groups currently eligible for the Pfizer-BioNTech booster shot. For now, federal regulators only are…

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Confusion clouds FDA’s approach to e-cigarettes

The Food and Drug Administration’s decision this week to authorize the sale of an electronic cigarette was a landmark for the vaping industry — but it may only deepen confusion about the sector’s future. More than a month after a court-ordered deadline to determine which e-cigs could stay on the market, FDA has yet to act on applications from some of the industry’s biggest players, including Juul. And while the agency has denied or rejected as incomplete millions of marketing applications from small and mid-sized manufacturers, it has not said…

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Revolve Games Adds New Dimensions to Play-to-Earn Blockchain Gaming

PRESS RELEASE. Playing games has taken another dimension entirely through a new play-to-earn model that makes earning generating crypto revenue easier than ever. Revolve Games is revolutionizing the way DeFi staking is integrated with blockchain gaming by debuting a Metaverse where players can earn rewards according to performance. Current games fall short in unlocking the true value of play-to-earn NFT games. But a token-staking play-to-earn model is what the NFT scene needs so players can fully dive in the immersive gameplay of the metaverse and capitalize on their skills and…

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Biden eyeing FDA veteran Robert Califf to lead the agency

President Joe Biden is likely to nominate former Food and Drug Administration Commissioner Robert Califf to return to the top role at the sweeping regulatory agency, according to four people with knowledge of the situation. If confirmed by the Senate, Califf would take over an agency poised to make key decisions on coronavirus vaccines and treatments while facing criticism of recent controversial drug approvals and widespread burnout due to the ongoing pandemic. Califf previously served as commissioner for nearly a year in Obama’s second administration after an overwhelming vote in…

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Redistricting forces two GOP incumbents together in West Virginia

It’s official: The first potential incumbent-vs.-incumbent matchup of the 2022 congressional elections is here. West Virginia’s state legislature on Thursday approved a new congressional map that condenses the state’s three seats into two and lumps GOP Reps. David McKinley and Alex Mooney in the same northern district. It is headed to Republican Gov. Jim Justice’s desk, and he is expected to sign it into law. Mooney, a former Maryland state senator elected in 2014 shortly after he moved to West Virginia, said in a statement Thursday that he plans to…

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A Look at How Buckminster Fuller Predicted Bitcoin: ‘A Realistic, Scientific Accounting System of What Is Wealth’

Richard Buckminster Fuller was a well known American architect, systems theorist, author, and inventor. Similar to the visions expressed by the industrialist Henry Ford, the Nobel laureate Friedrich Hayek, and Austrian economist Milton Friedman, Buckminster Fuller also predicted a concept that resembled Satoshi Nakamoto’s Bitcoin invention 54 years ago in 1967. Buckminster Fuller: ‘Build a New Model That Makes the Existing Model Obsolete’ In a recent editorial, Bitcoin.com News discussed how the famed industrialist Henry Ford, founder of the Ford Motor Company, envisaged an idea that’s similar to Bitcoin roughly…

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Studio 54 Reveals Never-Before-Seen Photograph and Pixel Art NFTs of the Famed Disco Club

Superrare Labs has revealed the first-ever non-fungible token (NFT) drop crafted by the renowned photographer Bill Bernstein and the legendary Studio 54. The NFT drop features the nightlife photographs taken by Bernstein from the iconic Studio 54 and Paradise Garage. Additionally, Superrare has also unveiled NFT collectibles that showcase 8-bit animations of Studio 54 and music from Jitwam, Teymori, and Studio 54 Music. Studio 54 Lights Up the Nightlife With NFT Photos From the Iconic Disco Club and Paradise Garage 44 years ago, Steve Rubell and Ian Schrager opened a…

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Democrats in the ’burbs: Actually, let’s fund the police

More than a year after calls to “defund the police” took off on the left, Democrats are taking pains to distance themselves from the slogan — hoping to inoculate campaigns against charges that they want to strip resources from law enforcement. It’s a sign that while the party’s internal debate over the political salience of the movement is still ongoing, in practice, many candidates have already determined the issue is too politically radioactive to take any chances. “In Bucks County, we need to keep our families safe,” Democrat Mark Lomax,…

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Gridlock and dysfunction — and a few tears — hit redistricting

Virginia voters tried to take partisan gerrymandering out of redistricting by giving map-drawing power to a bipartisan commission. Instead, party politics imploded the process. A simple discussion last week in Richmond, about which maps to use as a baseline for drawing new legislative districts, ended with commissioners unable to agree on a starting point. Three Democratic members stormed out of the meeting, breaking up the quorum and reducing a staffer to the brink of tears. By Monday, the commission had missed its deadline for submitting new state legislative maps, as…

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Zimbabwean Dollar Could Collapse, Business Lobby Warns

A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter seen by Bitcoin.com News, the lobby group’s president Kurai Matsheza explained that the heavy-handed approach towards the foreign exchange challenge would be unsettling to markets. To ensure that this challenge is fully tackled, the CZI boss insists that measures, which were agreed upon by parties that attended a consultative…

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Fox Entertainment’s Blockchain Arm Drops NFT Market Dedicated to Hit TV Series The Masked Singer

Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of maskverse.com, a non-fungible token marketplace and community dedicated to the entertainment series and hit singing competition “The Masked Singer.” According to Fox and BCL, the NFT marketplace and a game will be powered by the Eluvio blockchain. Fox, Blockchain Creative Labs, Eluvio Introduce The Masked Singer NFT Marketplace In mid-May, Fox Broadcasting Company, the American commercial broadcast television network, announced it was launching a non-fungible token (NFT) business called Blockchain Creative Labs. In June, Fox detailed that it…

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‘Damned if you do, damned if you don’t’: Dems plagued by debt déjà vu

Democrats are trudging toward yet another debt limit confrontation, with the House and Senate increasingly fractured over how to put the pin back in a political grenade until the midterms. Twice this fall the House cleared debt-cap hikes into late 2022, only to see the Senate punt back a short-term fix that will force moderate Democrats to swallow at least one extra politically fraught vote — and possibly several more. As another deadline awaits in December, many House Democrats want a better plan than a game of chicken between Senate…

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Yield App Doubles Assets In Q3 As It Scores Big With Premier League Partnership

YIELD App, a FinTech company and digital asset wealth management platform, has published its Q3 report, showing the firm continuing on a strong growth trajectory over the third quarter of 2021, which saw it double its managed assets and strike a high profile partnership with Premier League football club, West Ham United. The quarter saw YIELD App’s managed assets increase by 107% from $163.6 million at the end of June 2021 to $339.4 million by the end of September, marking a bold first nine months for YIELD App following its…

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Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike

A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up to $100,000 in Annual Salary Indian IT companies providing services to global clients, fintech startups, and consulting firms have been competing for specialists with experience in crypto technologies, resulting in what the Economic Times describes as a war of wages. A report by…

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St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation

St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next year.” St. Louis Fed President Has Been ‘Advocating Trying to Get Finished With the Taper Process’ On Tuesday, Bitcoin.com News reported on the rising concerns over inflation as the Federal Reserve’s latest Survey of Consumer…

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Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to 5 Years in Jail The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion. Bitqyck founders Bruce Bise and Samuel Mendez were charged with…

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Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules

Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” to think that this might not be the case for very much longer. Crypto Collapse Plausible, Crypto Rules Are ‘a Matter of Urgency’ Bank of England Deputy Governor Jon Cunliffe talked about cryptocurrency and its…

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Progressives rally around Medicare with cuts to health package looming

The push to cut more than $1 trillion from Democrats’ social spending bill and possibly scrap a planned expansion of Medicare presents the biggest test to date of the Congressional Progressive Caucus’ clout. The 96 members, who account for nearly half of the House majority, showed their strength last month by delaying a bipartisan infrastructure bill until party leaders finish work on the social policy package H.R. 5376 (117). But the coming weeks could prove much tougher, with Speaker Nancy Pelosi intent on trimming the number of programs in the…

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Crypto Is a ‘Major Priority’ for Miami Mayor Building City Into Crypto Capital of the World

Miami Mayor Francis Suarez says that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” he said. ‘Major Priority’ — Miami Aims to Become Crypto Capital of the World Miami Mayor Francis Suarez talked about bitcoin and cryptocurrency in an interview with Bloomberg, published Tuesday. The mayor has been lobbying lawmakers to allow government employees to be paid in bitcoin…

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