Senator Lummis Slams Hillary Clinton, Advocates For Stabilizing US Dollar Using Bitcoin

[ad_1] Cynthia Lummis – Republican Senator for Wyoming – recently fired back at Hillary Clinton for deriding cryptocurrencies. She suggested that Bitcoin offers a hard money solution to the US dollar’s inflation problems. Lummis Tells Clinton to Embrace The Future Lummis’s comments follow the cautionary words of former Secretary of State Hillary Clinton earlier this… Continue reading Senator Lummis Slams Hillary Clinton, Advocates For Stabilizing US Dollar Using Bitcoin

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BTC Reserves at Multi-Year Lows

[ad_1] Despite the recent correction in which bitcoin lost roughly 20% of its value in a week, on-chain data suggests that the liquidity crisis could be increasing. In just three days, exchanges have seen more than 23,000 coins taken off, worth more than $1.3 billion. $1.3B In BTC Withdrawn From Exchanges in Three Days Citing… Continue reading BTC Reserves at Multi-Year Lows

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Jack Dorsey’s Square Releases Whitepaper for its Bitcoin DEX

[ad_1] San Francisco-based financial services and digital payments company Square recently released a whitepaper for its decentralized bitcoin exchange proposal. Square Publishes Whitepaper for its DEX According to an official statement posted by one of the project developers, the decentralized exchange (DEX) project, dubbed tbDEX, is set to merge the gap between fiat and bitcoin.… Continue reading Jack Dorsey’s Square Releases Whitepaper for its Bitcoin DEX

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Will Buy $500M More BTC

[ad_1] Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that… Continue reading Will Buy $500M More BTC

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Bitcoin Dumps to $32K as China’s Third-Largest Bank Announced a Ban on Crypto Usage

[ad_1] Bitcoin’s price has dumped to a two-week low of just over $32,000 as more negative news has emerged from China. This time, one of the largest state-run banks has reportedly prohibited its clients from dealing with any digital assets. According to a report from June 21st, the Agricultural Bank of China has published a… Continue reading Bitcoin Dumps to $32K as China’s Third-Largest Bank Announced a Ban on Crypto Usage

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People’s Bank of China With a Broader Crackdown on Bitcoin and Crypto

[ad_1] The Chinese crackdown on crypto continues to escalate with a new statement from the nation’s central bank banning more banks and payment providers from interacting with digital assets. CryptoPotato reported today that one of the country’s largest banks, the Agricultural Bank of China, had prohibited its clients from doing business with anyone even remotely… Continue reading People’s Bank of China With a Broader Crackdown on Bitcoin and Crypto

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MicroStrategy Owns More Than 100,000 Bitcoins After Another Purchase Worth $500 Million

[ad_1] Michael Saylor’s business intelligence giant now owns over 100,000 bitcoins after the company purchased another chunk of 13,005 BTC for nearly $500 million. Consequently, the firm now has 0.5% of all bitcoins ever to exist. The founder and CEO of the NASDAQ-listed company announced the latest purchase earlier on June 21st. It came after… Continue reading MicroStrategy Owns More Than 100,000 Bitcoins After Another Purchase Worth $500 Million

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