Crypto Confronts Social Justice Warriors 

“Many men are lamenting the “man-hating” rhetoric that they have imagined stemming from SJWs. It just so happens that many of these men are also heavily involved in cryptocurrencies due to the notion that Bitcoin can restore their libertarian ideals.”– Ross Chalmers, Coin Rivet. The following article is an oped by Wendy McElroy. Also read: The State Encourages ICO Fraud. The Free Market Minimizes It The Creep of Social Justice Cryptocurrency confronts cultural bias as surely as it does state power. One cultural influence is particularly hostile. Social Justice Warriors…

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China Issuing Bonds on Blockchain Is a Sign of What’s to Come

China’s latest bond issuance on the ledger is a sign of trust placed into the blockchain technology, but not everything may be rosy. The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development Network.  This recent issuance of $2.8 billion in bonds is nothing to look twice at and was largely expected, given the bank’s inclusive small and micro-enterprise loan balance at 404 billion yuan so far this…

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Chinese Internet Giant Tencent Plans to Create Digital Currency Research Group

Tencent, the operator of Chinese social media app WeChat, is planning to create a digital currency research group to further advance blockchain research projects. Tencent, the operator of Chinese social media app WeChat, is planning to create a digital currency research group for the further advancement of blockchain technology research projects. On Dec. 23, Chinese media outlet iFeng reported that the Chinese internet giant released a statement to its employees saying that the company is currently on the lookout for the new head of the research group. The yet-to-be-established digital…

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Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell

Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to the local regulations postulate. Also read: Poles Hit With Backdated Tax on Crypto Trades Uzbekistan Amends Its Crypto Regulations The Central Asian republic made it to the crypto media headlines last year, when it legalized cryptocurrency trading and introduced licensing for exchanges with a presidential decree issued in the…

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Central Bank of China Official Says Digital Yuan Will Be Different From Bitcoin

Head of the digital currency research institute at China’s central bank Mu Changchun said that the digital form of the yuan will be different from Bitcoin and stablecoins. The People’s Bank of China’s (PBoC) deputy director Mu Changchun said that the digital form of the yuan will be different to Bitcoin (BTC) and stablecoins. Chinese news outlet South China Morning Post reported on Dec. 22 that the head of the digital currency research institute at the PBoC said that China’s digital currency would be a digital form of the yuan…

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Confirmed: BitPay Experienced 3-Hour Bitcoin Payment Outage

Major cryptocurrency payment service provider BitPay had a temporary outage of Bitcoin payments on Dec. 22. Major cryptocurrency payment service provider BitPay has confirmed that its service had a temporary outage of Bitcoin (BTC) payments on Dec. 22. Bitcoin payments were briefly unavailable for almost 3.5 hours on BitPay as the company was working to fix transaction issues, BitPay Support tweeted Dec. 22. According to the information, the service was restored by 4:25 PM EST. Multiple users complained about the issue Prior to the BitPay’s official notice on BTC payment…

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Coinbase Closes Earn.com One Year After $100M Acquisition

Coinbase is shutting down the startup Earn.com which it acquired for an estimated $100 million last year. The email service allowed senders to pay users in digital currency for replying to commercial messages or completing tasks. Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Coinbase Says Goodbye to Earn.com San Francisco-based cryptocurrency trading platform Coinbase has reportedly decided to shut down Earn.com (formerly known as 21 Inc). The exchange notified clients of the decision via email, explaining that it is “sunsetting Earn.com to focus exclusively on Coinbase Earn,”…

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Cyprus SEC Flags 3 Trading Platforms That Look Suspiciously Similar

Cyprus’ SEC recently flagged three investment platforms that look almost identical and falsely asserted ties to licensed firm BDSwiss. Cyprus’ Securities and Exchange Commission (CySEC) recently issued a warning against almost 200 unregistered investment platforms, three of which look strikingly similar and falsely advertise ties to licensed and regulated firm BDSwiss. The CySEC posted an update to its list of unapproved website addresses on Dec. 10, which now contains 187 different names.  The CySEC noted at the top of its posted list: “[T]he domains that are included in the following…

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Price Analysis Dec 23: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, TRX

Bitcoin strong move to $7,600 signals that trend change could be in the making and has also created buying opportunities for select altcoins. Bitcoin is leading the recovery from the front, which is a positive sign. This shows that bulls have used the recent dip to buy. As a result, Bitcoin’s dominance has increased to 68.9%. Former Wall Street trader Tone Vays believes that Bitcoin will increase its dominance further in 2020, perhaps as high as 85%. Although institutional money will enter Bitcoin first, it is unlikely that other altcoins…

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Thomson Reuters Launches Crypto Tax Tool

Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS. Also Read: Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare Thomson Reuters Gosystem Tax Now Supports Crypto Toronto-headquartered multinational mass media and information firm, Thomson Reuters Corporation (NYSE: TRI), has revealed that its Individual Gosystem Tax system is launching a “Virtual…

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