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Bitcoin Falls Below Psychologically Important $10,000 Barrier
Those keeping an eye on the cryptocurrency markets will know that they have been volatile as of late. Now, the price of Bitcoin has plummeted below $10,000 for the second time in July of 2019. Furthermore, all major coins are similarly in the red and seeing substantial losses. Bitcoin price dips below $10,000 The price of Bitcoin has been slowly subsiding after the premier cryptocurrency reached a new 2019 high…
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US Treasury Secretary Steven Mnuchin Comes Out Against Crypto
The United States Treasury Secretary, Steven Mnuchin, has come out hard against crypto. This comes after the United States President Donald Trump recently shared some anti-crypto tweets on Twitter. Mnuchin: Crypto can be used for illicit activities Specifically, Mnuchin’s crypto-averse comments came at a press conference on July 15th. Furthermore, Mnuchin said that cryptocurrencies can potentially be used for illicit activities, and highlights the importance of enforcing FinCEN regulations for…
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Hacked Crypto Exchange Finds $2.3M Worth of Stolen Crypto
The Japanese crypto exchange Bitpoint has recently discovered over 250 million yen – $2.3 million – worth of crypto. Specifically, this is part of a massive crypto theft carried out last week, according to local news outlet The Mainichi. Bitpoint manages to retrieve over $2 million of stolen funds following exchange hack What’s more, this recovery of the stolen funds is a fascinating story. According to the report from The…
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US “Keep Big Tech Out Of Finance” Act Reportedly Leaks Ahead of Libra Hearings
It would appear that a draft bill intending to limit “Big Tech’s” entry into finance and crypto has surfaced online. This leak is reportedly from the United States House of Representatives Financial Services Committee. What’s more, this comes just days ahead of Facebook’s Libra hearings. Keep Big Tech Out Of Finance Act could prevent tech firms from establishing cryptos Specifically, this draft bill – the “Keep Big Tech Out Of…