St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation

St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next year.” St. Louis Fed President Has Been ‘Advocating Trying to Get Finished With the Taper Process’ On Tuesday, Bitcoin.com News reported on the rising concerns over inflation as the Federal Reserve’s latest Survey of Consumer…

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Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to 5 Years in Jail The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion. Bitqyck founders Bruce Bise and Samuel Mendez were charged with…

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Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules

Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” to think that this might not be the case for very much longer. Crypto Collapse Plausible, Crypto Rules Are ‘a Matter of Urgency’ Bank of England Deputy Governor Jon Cunliffe talked about cryptocurrency and its…

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Bitcoin Vs. Digital Fool’s Gold

While alternative cryptocurrencies may on the outside be shiny and attractive, they lack the fundamental aspects that give bitcoin value. “There’s a lady who’s sure all that glitters is gold And she’s buying a stairway to heaven”  Robert Plant and Jimmy Page – Led Zeppelin – Stairway To Heaven “Fool’s gold” is a common nickname for pyrite. It got this nickname because it’s practically worthless, but it has a look that deceives people into believing it’s real gold. With a little practice, there are many easy tests anyone can use…

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Following The Decade-Long IMF Playbook

Alarmingly, G7 governments appear to be following a playbook designed to cap interest rates and let inflation run hot. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The subject of today’s Daily Dive will be the playbook that is seemingly being followed by G7 governments and global central banks. While some may be skeptical that there is a coordinated campaign or…

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Crypto Is a ‘Major Priority’ for Miami Mayor Building City Into Crypto Capital of the World

Miami Mayor Francis Suarez says that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” he said. ‘Major Priority’ — Miami Aims to Become Crypto Capital of the World Miami Mayor Francis Suarez talked about bitcoin and cryptocurrency in an interview with Bloomberg, published Tuesday. The mayor has been lobbying lawmakers to allow government employees to be paid in bitcoin…

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Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.” Seba Earn Lets Clients Generate Rewards From Crypto Investments Seba Bank, a digital asset banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA), announced the launch of Seba Earn Wednesday. The Switzerland-based bank described the new offering as “an institutional-grade solution enabling clients…

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The Reconciliation Bill May Accelerate Bitcoin Adoption In The U.S.

The proposed bill includes intrusive tax collection measures which would inhibit the productivity of the nation. There’s a strong reason behind the recent wave of bitcoin adoption among the world’s least stable and poorest countries. Bitcoin disproportionately benefits the underbanked and underprivileged because it gives them access to an open global monetary network with predictable policy and low barriers to entry. Although the U.S. has attracted substantial amounts of bitcoin interest and investment since its inception, it’s safe to say that the average American citizen knows little beyond what the…

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How Decentralized Identifiers And Bitcoin Fix The Web

Decentralized Identifiers (DIDs) built on the immutable ledger of Bitcoin can empower users to secure their own personal data on the web. On October 4, 2021, Facebook, along with WhatsApp and Instagram, disappeared from the internet. Their DNS names stopped resolving, and their infrastructure IPs were offline. They were completely disconnected from the internet. At the same time, it was reported that 1.5 billion people allegedly had their personal data stolen from Facebook and posted for sale. To make matters worse, anyone who relied on Facebook to log in on…

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NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens

PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse. Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, is announcing the launch of the first-ever decentralized exchange (DEX) purpose-built for gaming tokens, VulcanDEX. The DEX will allow users of the gaming platform to trade any gaming token without the need to register. Players will then be able to use their newly acquired tokens in their respective game. Users will also be able to stake gaming tokens…

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