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US Senate Floats ‘Digital Dollar’ Bill After House Scrubs Term From Coronavirus Relief Plan

US Senate Floats ‘Digital Dollar’ Bill After House Scrubs Term From Coronavirus Relief Plan

March 24, 2020

A draft bill posted Tuesday to the US Senate Committee on Banking, Housing, and Urban Affairs defines a “digital dollar” and details how it might be maintained. The bill echoes language from a pair of draft US House bills aimed at stimulating the economy during the coronavirus outbreak. The bill, introduced by Ranking Member Sen.…

Your Favorite Privacy-Minded Browser Is Teaming Up With Binance

Your Favorite Privacy-Minded Browser Is Teaming Up With Binance

March 24, 2020

Brave has partnered with Binance to bring in-browser crypto trading to its 13 million users. The Binance Widget allows Brave users to make crypto trades without leaving the browser. Branden Eich, CEO of Brave Software, explained the rationale behind this partnership in an interview with Cointelegraph: “Our focus has always been on our users. This…

MakerDAO’s Gustav Arentoft: Decentralization Is Not a Binary Choice

MakerDAO’s Gustav Arentoft: Decentralization Is Not a Binary Choice

March 24, 2020

  Decentralized finance, more commonly known as DeFi, is quite complicated. Even the heads of DeFi companies seem unable to define the sector in a few sentences. So, here’s another attempt: DeFi is a financial ecosystem in which it is possible to build tools, services, and smart contracts and then bond them together on a…

Russian Prime Minister Introduces Bill to Allow Fintech Sandboxes, Blockchain Included

Russian Prime Minister Introduces Bill to Allow Fintech Sandboxes, Blockchain Included

March 24, 2020

The Russian government may soon allow the creation of regulatory sandboxes for companies working on cutting-edge technologies like artificial intelligence and distributed ledgers. Introduced in a new bill on March 17 by Prime Minister Mikhail Mishustin, the plan does not directly mention blockchain or cryptocurrencies. But an explanatory note mentions distributed ledger as one of…

UPDATED: In US COVID-19 Stimulus Bill, Hope not Lost for Digital Dollar

UPDATED: In US COVID-19 Stimulus Bill, Hope not Lost for Digital Dollar

March 24, 2020

While the newest version of a proposed stimulus bill to respond to the economic crisis caused by the Covid-19 in the US has scrapped mention of a digital dollar, at least one senator is fighting to keep those provisions. The changed COVID-19 stimulus bill for US economic recovery As Cointelegraph reported yesterday, March 23, a…

Bitcoin (BTC) Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout

Bitcoin (BTC) Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout

March 24, 2020

Bitcoin (BTC) jumped over $100 as Wall Street opened on March 24, markets broadly gaining amid hope of the United States agreeing a $2 trillion bailout as coronavirus rescue package. Cryptocurrency market daily overview. Source: Coin360 BTC price steadies as stocks bounce Data from Coin360 and Cointelegraph Markets showed BTC/USD circling $6,700 at press time…

‘Digital Dollar’ Stripped From Latest US Coronavirus Relief Bill

‘Digital Dollar’ Stripped From Latest US Coronavirus Relief Bill

March 24, 2020

Mentions of a “digital dollar” in a coronavirus-related relief bill before the U.S. House of Representatives – one of the two chambers of Congress – have been scrubbed. The lawmakers introduced the bill last week, envisioning a digital payment system organized by the Federal Reserve and its member banks to directly send these funds to…

YouTube Scam Impersonates Ripple CEO for Fake XRP Airdrop

YouTube Scam Impersonates Ripple CEO Garlinghouse for Fake XRP Airdrop

March 24, 2020

Despite YouTube’s many aggressive actions against cryptocurrency-related content, the world’s most popular video-hosting website is apparently having trouble discovering a major scam account involving crypto. On March 23, the crypto community spotted a bogus YouTube account impersonating Brad Garlinghouse, CEO of major blockchain company Ripple (XRP), in order to promote a fake airdrop scam. Video…

Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

March 24, 2020

Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment. The Ministry of Economic Development of the Russian Federation has reportedly prepared a draft law that would allow the testing of cryptocurrency and blockchain developments within a special regulatory sandbox. Sandbox to…