ECB Paper Marks Success Factors for CBDCs, Digital Euro

A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital Euro Should Be Widely Used for Payments, Not Investment In order to create a successful CBDC, a monetary authority needs to establish the digital currency as a widespread means of payment and exchange that also has a sufficient store of…

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Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues

A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this. Ethereum in the Spotlight A new paper released by members of Australian universities last month is putting the spotlight on Ethereum and its possible future as a store of value. The paper, titled “Better than…

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Binance Names Three Nigerian Reality TV Show Celebrities as African Ambassadors

Binance has named three former housemates from the popular Nigerian reality television show “Big Brother Naija” as the cryptocurrency exchange’s brand ambassadors for the African continent. Bringing Crypto to the Mainstream Leading cryptocurrency exchange Binance has said as part of its plan to increase its foothold on the African continent, it has partnered with three former Big Brother Naija housemates. The exchange said the three former housemates, Hazel Oyeze Onou, Ikechukwu Sunday Okonkwo, and Pere Egbi will help it bring crypto to the mainstream. In a statement published by Techpoint…

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FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate

The Federal Bureau of Investigation (FBI) has seized bitcoin worth more than $2.2 million tied to ransomware payments. The cryptocurrency allegedly belongs to an affiliate of Gandcrab and Revil/Sodinokibi ransomware. US Seizes Bitcoin Worth Over $2 Million The Federal Bureau of Investigation (FBI) has seized almost 40 bitcoins from a Russian resident tied to Revil and Gandcrab ransomware, according to a court document unsealed Tuesday. The forfeiture complaint reads: The United States of America files this verified complaint in rem against 39.89138522 bitcoin seized from Exodus wallet … that is…

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‘She’s going to lose’: Dems brag redistricting dooms conservative Illinois freshman

Illinois Democrats have GOP Rep. Mary Miller right where they want her. The freshman Republican — who caused a frenzy during her first week in Congress earlier this year, when she gave a speech in which she said Adolf Hitler “was right about one thing” — doesn’t have a clear path back in 2023. Miller told POLITICO this week she plans to seek reelection, but Illinois’ new congressional map splits her downstate district in two, leaving her in the undesirable spot of choosing between challenging GOP Reps. Mike Bost or…

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British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your customer’ monitoring system “needs to be implemented.” RUSI: ‘NFT Technology Can Raise Alarm Bells From a Money Laundering and Financial Crime Perspective’ The Royal United Services Institute for Defence and Security Studies otherwise known as RUSI, was founded in 1831 and it is the oldest defense and…

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Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at Bitcoin Mining Operations The former law professor and the United States Democratic Party senator from Massachusetts, Elizabeth Warren, has taken aim at cryptocurrency mining operations after she criticized digital currency markets in recent times. In mid-September, Warren pressed the…

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Biden’s free at-home test promise could come with added costs

The Biden administration is selling a key part of its pandemic strategy as free at-home Covid-19 tests for all. The reality may be far different, adding hurdles for Americans who buy over-the-counter tests and potentially increasing test costs to the health care system. The administration wants to require private health insurers to reimburse customers who buy rapid tests that have been in short supply in many parts of the U.S. and cost more than they’re sold for abroad. One popular test, by Abbott, costs about $24 for a box of…

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Security Focused DeFi Project EverRise Now Live on 3 Blockchains, Staking Introduced

Originally launched on June 15th, 2021, EverRise is a blockchain technology company that offers bridging and security solutions across multiple chains through an ecosystem of decentralized applications. With their RISE token, they were the first to bring the buyback to crypto. Since then, the buyback mechanic has become standard in space with countless forks. EverRise v2.0 EverRise is working on bringing their ecosystem of dApps to as many blockchains as possible to increase adoption of safety protocols across all DeFi. Keeping that in mind, EverRise, have recently gone live with…

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BCH Ecosystem Gains New NFT and Dex Platforms, TVL in Smartbch Defi Climbs 180% in 30 Days

During the last few months, the Smartbch project has swelled with numerous projects, custom tokens, and the total-value locked (TVL) in five Smartbch decentralized exchange (dex) platforms has jumped more than 180% since November 3. Smartbch Defi TVL Climbs 180% in a Month — Bitcoin Cash Universe Now Has 5 Dex Platforms Eight months ago, bitcoin cash (BCH) proponents were introduced to a new website (smartbch.org) that featured a project called Smart Bitcoin Cash or Smartbch for short. Smartbch is a Bitcoin Cash sidechain that is compatible with Ethereum’s EVM…

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Biden embraces his one-time foe: Walmart

Not long before he joined the 2008 campaign trail, then-Sen. Joe Biden traveled to Iowa to deliver a blistering speech attacking the nation’s largest private employer, Walmart. “My problem with Walmart is that I don’t see any indication that they care about the fate of middle-class people,” he told the crowd that day. Biden went on to enter the race and lose that primary. But 15 years later, he finds himself in the White House. And over the first year of his presidency, the retail giant he once lambasted has…

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The Origins of Herschel Walker’s Complicated Views on Race

WRIGHTSVILLE, Ga. — In the spring of 1980, in this little, isolated place in rural, middle Georgia, Black people clamored for equality and white people beat them with fists and sticks and chains. Bigots called Black protesters soulless animals and cannibals, brandished Confederate battle flags and sent shotgun blasts into Black families’ homes. Pastors and activists registered voters, and sued the sheriff and other local lawmen, and they marched. “Fired up!” hundreds chanted, walking four abreast from a Black church to the courthouse in the central square. “Can’t take no…

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Appeals court mulls suit against Trump over rape denial

A federal appeals court panel debated Friday whether former President Donald Trump strayed beyond his presidential duties in his aggressive response to a New York writer’s claim that he raped her in a department store dressing room several decades ago. The central issue is whether Trump’s responses to E. Jean Carroll were so extreme that he abrogated the immunity that typically applies to work-related statements by federal employees. “Who is he serving when he says something like, ‘She’s not my type?’…It would be one thing if he said, ‘I didn’t…

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Eastman takes the Fifth with Jan. 6 committee

John Eastman, the attorney who helped former President Donald Trump pressure then-Vice President Mike Pence to overturn the 2020 election, has asserted his Fifth Amendment right against self-incrimination, according to a letter he delivered to the Jan. 6 committee explaining his decision not to testify. “Dr. Eastman hereby asserts his Fifth Amendment right not to be a witness against himself in response to your subpoena,” his attorney, Charles Burnham, wrote in a letter to Chair Bennie Thompson (D-Miss.) dated Dec. 1. “Members of this very Committee have openly spoken of…

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Blockchain.com Reveals Non-Fungible Token Marketplace and NFT Explorer

The crypto firm Blockchain.com is joining the slew of digital currency exchanges that have launched non-fungible token (NFT) marketplaces in recent times. On December 2, the company announced it is launching the Blockchain.com NFT marketplace, and select users can sign up for beta access today. Blockchain.com NFT Marketplace Launches Beta Access Non-fungible token (NFT) assets have become a billion-dollar industry and it seems like this technology will be a mainstay for years to come. As the NFT hype grows exponentially in 2021, a number of crypto-asset exchanges have launched NFT…

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Senate GOP open to taking Dr. Oz’s miracle cure in Pa.

Senate Republicans are open to Dr. Oz as the miracle cure for their headaches in Pennsylvania. With the Keystone State’s GOP Senate primary uncertain, Senate Republicans suggested this week that they might embrace the celebrity doctor’s nascent campaign to replace retiring Sen. Pat Toomey. GOP senators conceded in interviews that they didn’t know much about Oz. But if he’s the best prescription for reclaiming the Senate majority, they’ll take it. “It’s a good sign for the Republican Party that somebody of his standing and stature would want to run under…

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US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency

The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also meaningful costs.” Janet Yellen Has Not Decided Whether the Fed Should Develop a Digital Dollar Treasury Secretary Janet Yellen said Thursday during an interview at the Reuters Next conference that she has not formed an opinion about whether the Federal Reserve should create a digital dollar. She…

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India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV reported Thursday that a cabinet note circulated by the government indicates that cryptocurrencies, like bitcoin and ether, will not be banned. Emphasizing that cryptocurrency is not recognized as legal currency in India, the publication noted:…

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Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers

Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information. Roskomnadzor Moves to Block More VPNs in Russia The Russian Federal Service for Supervision of Communications, Information Technology, and Mass Media (Roskomnadzor) is preparing to restrict another six VPN platforms active in the country. The targeted providers are Betternet, Lantern, X-VPN, Cloudflare Warp, Tachyon VPN, and Privatetunnel.…

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‘How Could I Take a Stand?’: Herschel Walker’s Lifelong Aversion to Racial Politics

WRIGHTSVILLE, Ga. — In the spring of 1980, in this little, isolated place in rural, middle Georgia, Black people clamored for equality and white people beat them with fists and sticks and chains. Bigots called Black protesters soulless animals and cannibals, brandished Confederate battle flags and sent shotgun blasts into Black families’ homes. Pastors and activists registered voters, and sued the sheriff and other local lawmen, and they marched. “Fired up!” hundreds chanted, walking four abreast from a Black church to the courthouse in the central square. “Can’t take no…

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Senate Republicans wonder whether Dr. Oz is their Pennsylvania remedy

Senate Republicans are open to Dr. Oz as the miracle cure for their headaches in Pennsylvania. With the Keystone State’s GOP Senate primary uncertain, Senate Republicans suggested this week that they might embrace the celebrity doctor’s nascent campaign to replace retiring Sen. Pat Toomey. GOP senators conceded in interviews that they didn’t know much about Oz. But if he’s the best prescription for reclaiming the Senate majority, they’ll take it. “It’s a good sign for the Republican Party that somebody of his standing and stature would want to run under…

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Senate Republicans quietly buck Trump in Alabama race

No senator other than her former boss, Sen. Richard Shelby, has publicly endorsed Katie Britt yet. But she is quietly getting support from at least a half-dozen of Shelby’s Republican colleagues in her bid against Donald Trump’s pick in Alabama’s open Senate race. Five Republican senators — Mike Crapo (R-Idaho), Shelley Moore Capito (R-W.Va.), Joni Ernst (R-Iowa), Jim Inhofe (R-Okla.) and Deb Fischer (R-Neb.) — have donated to Britt’s campaign from their leadership PACs. None of them have done so yet for GOP Rep. Mo Brooks, who Trump endorsed in…

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Russia to Decide Fate of Crypto Exchangers in 2022

Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment of online exchangers working with cryptocurrencies must come to an end in 2022. That’s according to a statement by the Deputy Director of Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) Herman Neglyad, quoted by Tass. At…

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Biden is doing the once-unthinkable: Showering love on Walmart

Not long before he joined the 2008 campaign trail, then-Sen. Joe Biden traveled to Iowa to deliver a blistering speech attacking the nation’s largest private employer, Walmart. “My problem with Walmart is that I don’t see any indication that they care about the fate of middle-class people,” he told the crowd that day. Biden went on to enter the race and lose that primary. But 15 years later, he finds himself in the White House. And over the first year of his presidency, the retail giant he once lambasted has…

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Marathon Expands Miner Deployment Deal With Compute North, Aims to Power 100K+ Miners With Renewables

Marathon Digital Holdings, a Nasdaq-listed bitcoin mining-based company, has announced a new deal with Compute North, a data center service provider, to host more than 100,000 mining machines in its data centers. The deal is an expansion of an earlier deal that secured positioning for 73,000 mining machines in Texas. Now, the new partnership secures hosting for all of these machines, to be powered with renewables. Marathon Expands Mining Operations Marathon, one of the largest bitcoin mining companies in the U.S., has announced it will expand its prior agreement with…

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Empire Token on the Rise: Empire NFT Marketplace Now Supports Ethereum; Plans to Expand to Solana and Major Exchange Listing

PRESS RELEASE. Abu Dhabi, UAE – Empire Token’s flagship utility, the Empire NFT Marketplace, is now live on the Ethereum mainnet. The Ethereum Blockchain is a global computing platform and operating system which can be used to create decentralized services and applications. Fortunately, the bright future of this blockchain now has Empire on its side. NFT creators and traders can now use Ethereum coin and Ethereum based tokens to mint and trade NFTs on the Empire NFT Marketplace. Projects that are powered by Ethereum may include anything from smart contracts,…

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Korean Incubator Hashed Raises $200 Million for Web 3.0 Investments

Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will be scaling operations to have a more global impact. Hashed Focused on Web 3 Investments Hashed, one of the biggest blockchain-based VC firms in Korea, has announced the launch of a new fund that will focus on Web 3.0 investments.…

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Renowned Poker Star Doug Polk Becomes Coinflex’s First Global Brand Ambassador

PRESS RELEASE. On the back of a big year for CoinFLEX, the crypto derivatives exchange that now powers the Bitcoin.com exchange, has just launched its brand ambassador initiative to expand its global community. CoinFLEX’s first brand ambassador is world-renowned poker star, Doug Polk. Doug Polk is one of poker’s most well-known superstars, having won over $9.5 million in live tournaments and more recently booking a win for $1.2 million in a heads-up competition versus fellow poker pro Daniel Negreanu. Doug is just as well known for his skills “away from…

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Adidas Steps Into the Metaverse by Partnering With NFT Projects Bored Ape Yacht Club, Punks Comic

The German multinational corporation that crafts athletic shoes, sportswear, and accessories, Adidas AG is teaming up with the non-fungible token (NFT) brands the Bored Ape Yacht Club, and the comic series Punks Comic. Adidas revealed last week that the company partnered with Coinbase and believes the metaverse is one of the most “exciting” developments in digital. Adidas Partners With Bored Ape Yacht Club, Punks Comic, and Gmoney Adidas wants the world to know it is entering the world of blockchain technology and metaverse collectibles in a big way. On December…

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