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The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of the new state-backed plan to promote widespread use of the token.According to a report from Ultimas
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United Kingdom-based blockchain firm L3COS has submitted a proposal to the Bank of England, or BoE, for a blockchain-based operating system to power a central bank-issued digital currency, or CBDC.L3COS described the proposal as a response to the consultation document on CBDC published by BoE in March — which identified
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Editor’s note: These are times strange enough that every conversation seems to include some verbal acknowledgment like “strange times, huh?” A quasi-anarchist police-free leftist separatist bubble has formed and is growing on Seattle’s Capitol Hill — a sentence that resembles a David Foster Wallace plot more than anything I ever anticipated
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The Dow Jones rose on Friday but traded well off its highs in late afternoon trading. Stocks tumbled after a strong open, but Boeing supported the Dow. JPMorgan Chase is still pushing investors to buy the dip, while ING fears that retail strength could soon fade as pent-up demand wanes. The Dow Jones
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Qiao Wang — Investor, analyst and head of product at crypto market data firm Messari — raised major criticism about the way in which the Grayscale Bitcoin Trust, or GBTC, is set up.In a June 11 tweet, Wang cites Grayscale’s official website, according to which “Grayscale Bitcoin Trust does not
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Top shelfDigital DollarsOn Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar is distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National
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The U.S. housing market recovery has been nothing short of extraordinary. There’s still one problem, though, and it threatens the pace of the real estate sector rebound. The mortgage market has a credit crisis, and it’s only getting worse. Given the headwinds faced by the U.S. economy, it would be hard to imagine
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Paul Calder Le Roux, an admitted drug dealer with a background in encryption, planned to build a bitcoin miner had he beaten the rap. In a last-ditch attempt to avoid incarceration, Le Roux wrote a letter to District Judge Ronnie Abrams, of the Southern District of New York (SDNY), this week
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On June 10, 12 Belarus' commercial and state-owned banks received permission from the national central bank to issue digital tokens. They will distribute these digital offerings through an upcoming pilot program.According to Sputnik Belarus, the country has adopted Decree No. 8, "On the development of the digital economy," giving the
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After about of week of trading, Nikola stock has become a favorite among millennials. The stock has soared in the past week, even doubling in value at one point. Analysts expect the stock to come crashing down based strictly on fundamentals. The baffling stock market rally has seen an odd basket of stocks
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