US government tops global Bitcoin holdings with $15b in assets

The U.S. government is the largest Bitcoin holder among nations worldwide, with approximately $14.7 billion worth of BTC

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Here’s what the U.S. government shutdown may mean for Bitcoin

James Butterfill expects Bitcoin to rally if the U. S. government shuts down. BTC has a history of performing quite well in times of uncertainty. The world’s largest cryptocurrency is already up close to 4.

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How The Government Seizes Assets And Why Bitcoin Is A Problem For Statists

In a world with third-party custody and self-custody, bitcoin is the clear winner for offering protection from government overreach and seizure.

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How The Federal Government Showed Me The Importance Of Bitcoin

The government’s overreach in taking my website was a hands-on experience that taught me why Bitcoin was necessary.

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Ripple And XRP Prone To More Wins As SEC Reportedly Argues It Never Declared Bitcoin And Ether Compliant Cryptos

The issue of compliance to government regulatory controls has a thorn in the neck of crypto projects, and it may have actually stalled some of them. However, those strong enough like Bitcoin and Ethereum have managed to press on, even through years of restrictive and hostile government reactions. Now, things are looking up for the […]

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El Salvador to Buy $500 Million Bitcoin, Taps Crypto Market For Government Bonds, Plans Bitcoin City

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Report: Zimbabwe Government Consulting Private Sector On Legalizing Bitcoin

The government of Zimbabwe is reportedly considering adopting Bitcoin as legal payment service.

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Not an “Aggressive Buy” At Bitcoin’s High Price, But It Is Indication of A “Crisis Moment,” says Tech Billionaire Peter Thiel

Apple co-founder Steve Wozniak also commented on Bitcoin, calling it a “mathematical purity” unlike USD, in which “the government can just create new and borrow; it is like you never have it fixed.

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El Salvador’s Bitcoin (BTC) Rollout Faces More Criticism, Here’s Why

The El Salvadoran government is under severe criticism concerning the recent adoption of bitcoin as its native currency. The complaints arose even further after the Government announced that they bought more bitcoin in the current dip.

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Iran Government Blames Bitcoin Miners For Power Outages, Bans Crypto Mining For 4 Months

Bitcoin miners have been on the hot seat this year. The market recently reacted to the Chinese government cracking down on mining activities with investors rolling out cash from the Bitcoin market. The unrest seems to be far from over as the Iranian government has also clamped down on cryptocurrency activities in the country. According […]

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The US Government Could Ban Bitcoin, Billionaire Investor Ray Dalio Asserts

Billionaire Ray Dalio has spoken on the possibility of the government folding Bitcoin up in the future. This has been a topic of debate among Bitcoin lovers who are weighing the possibility of the government outlawing Bitcoin.

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Bitcoin drops 10% after Indian government proposes new crypto ban

Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The post Bitcoin drops 10% after Indian government proposes new crypto ban appeared first on CryptoSlate.

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Here’s how the Norwegian Government now indirectly holds over 570 Bitcoin

Bitcoin adoption has already reached the high coffers of the Norwegian government, albeit in an indirect manner. The post Here’s how the Norwegian Government now indirectly holds over 570 Bitcoin appeared first on CryptoSlate.

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The Russian Government Wants to De-Anonymize Bitcoin – Here’s How They Are Going About It

Very few people would expect actual government authorities to be trying to strangle the development of an already vibrant economic space like the crypto industry – especially the Bitcoin market. Interestingly, some governments seem to be threatened by cryptocurrencies.

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Altana Digital CIO Reveals Biggest Threats to Bitcoin

Imposing a ban is not the worst thing that a government could do to Bitcoin, according to Alistair Milne

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State Newspaper In China Headlines Bitcoin To Millions Of Readers; Not All Positive Though

The Chinese government is strongly supporting the push towards blockchainizing its economy as seen by President’s Xi’s latest remarks on blockchain technology. While the government makes steps towards fully adopting the technology, certain sections remain disturbed by bitcoin’s public nature, volatility and the use of crypto in aiding criminal activities. State Chinese newspaper headlines Bitcoin […]

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Bitcoin’s Price Movement ‘Looks Terrible,’ Claims Analyst

Today, more positive news for the cryptocurrency industry flowed in when the Chinese government announced that it was releasing a series of instructional videos on cryptocurrencies — including specific ones on Bitcoin and Ethereum.

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Bitcoin is Dying in This G20 Giant Because of its Suffocating Government

  It is quite evident by now that the government of India doesn’t like bitcoin in particular and cryptocurrencies in general. Regulators in the country have officially clamped down on bitcoin and other cryptocurrencies, with a draft legislation making it clear that holding, buying or selling cryptocurrencies in the country is a crime.

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Bitcoin’s perfect combination of pseudonymity and decentralization has allowed it to survive the government 

Bitcoin has been alive for more than 10 years now, and it gets stronger with each passing day. On the other hand, Facebook’s Libra, which is yet to be launched, is facing a lot of setbacks from the government.

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US Government ‘Can’t Kill’ Bitcoin Because Source Code is Speech

Based on the legal precedence surrounding cryptographic communication, it is highly unlikely that the U. S. government can ban bitcoin. ‘Uncle Sam’ Can’t Shut Down Bitcoin With the storm of attention being paid to Facebook’s Libra project, there has been some talk of whether such attention could spill over to BTC in the form of a government-sanctioned bitcoin ban.

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Aussie Bitcoin Miner Retrofits Government Computers, Faces 10 Years in Prison

By CCN: A man from Sydney, Australia will appear in court on Tuesday after turning a government computer into a bitcoin mining rig. He allegedly mined $9,000 worth of cryptocurrency on the modified machine.

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Kaspersky: Bitcoin Needs Less Government Control and More Collaboration

Russian cybersecurity expert Eugene Kaspersky has said cryptocurrencies can be a success, but only if governments stop trying to control them or alternatively when all countries unite under a single global government.

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Chinese Government May Wield Power to Destroy Bitcoin

China has played a critical role in the crypto markets for several years now. A new paper written by academics from Princeton University and Florida International University suggests that China’s growing influence over Bitcoin’s key infrastructure has given the Chinese government the ability to heavily shape, or even destroy, Bitcoin.

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Thai Government Approves Crypto Exchange, Wants Own Wallet

The Thai Securities and Exchange Commission has approved another crypto exchange to legally operate in the country. There are now six exchanges that have been granted approval. Meanwhile, the government is considering maintaining its own wallet in order to confiscate cryptocurrencies from illegal sources.

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The Next ‘Venezuela’? Bitcoin Up Over $8,400 in Iran Amid Hyperinflation

Bitcoin price has risen dramatically in Iran following the government’s decision to grant legal recognition to the country’s cryptocurrency mining industry. Bitcoin Premium Comes to Iran While Bitcoin suffered an almost $1,000 drop in the rest of the world, the top-ranked cryptocurrency was reaching new heights in Iran.

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Distributed Dialogues: Governance and Decentralized Platforms

On the latest episode of Distributed Dialogues, Dave and Rick from the Let’s Talk Bitcoin Network host interviews on the risks and rewards of government interference in the cryptocurrency space.

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South Korea Urges 14 Countries to Create International Discipline System for Crypto

At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings.

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Local Bitcoin Price Hits Record-High of $24,000 in Iran

With public adoption on the rise, international cryptocurrency regulations continue to develop. On Sept. 4, Iran legitimized cryptocurrency mining as an industry–propelling local Bitcoin prices to new, record highs.

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Battle of the Privacycoins: Why Dash Is Not Really That Private

Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.

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Where Is Petro – Venezuela’s Sovereign Cryptocurrency?

Cryptocurrency is the answer to some problems in the world, but it isn’t necessarily a savior for an economy plagued by hyperinflation and bad policies. The Nicolas Maduro led Venezuelan government has failed on several fronts to save the country from extreme hardships.

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Iran's Recognition of Crypto Mining Prompts Local Bitcoin Price Spike

The Iranian government has recognized bitcoin mining as a lawful activity, briefly sending bitcoin prices to record levels at the country's exchanges.

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Bitcoin Hits $24,000 In Iran After Government Okays Mining

The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards.

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India’s Largest Blockchain Conference a Positive Sign for Bitcoin, CEO Says

With over 200 government attendees and 5,000 registered, India hosted the country’s largest blockchain conference at the beginning of August. According to the CEO of the company co-hosting the event, this is a major signal that governments are embracing further blockchain adoption.

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Bitcoin Hits $24000 In Iran As Government Recognises Crypto Mining As An Industry

Recently, Iran have announced that they will start to recognise cryptocurrency mining as an industry. This comes after an increased pressure on the country by the United States changing the economic sanctions.

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China Embracing Blockchain but Continues to Clamp Down on Cryptocurrency Speculation

On the surface, China appears to be an enigma to crypto investors. On one hand, its tech companies are among the busiest in the world when it comes to filing applications for blockchain-related patents.

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Jailed Bitcoin Expert May Provide Insight Over Russia Election Meddling

A Russian cryptocurrency expert may be the key to unlocking a U. S. investigation over Russia’s interference with American politics. Three countries are fighting to extradite Russian crypto expert Alexander Vinnik from Greece: Russia, France, and the U.

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Russians Design а ‘Beautiful’ Mining Rig

A Russian design studio has developed a “beautiful” cryptocurrency mining rig. The fashionable “Freer” is a modular, customizable home mining device. It comes in different colors, displays and sets of ports, depending on the requirements of the client.

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ZBX CEO Puts His Money on Malta, Says “Come and Operate in Our Jurisdiction”

As a handful of states scramble for the first draw in a pro-blockchain regulatory arms race, the CEO of Malta-based, “regulation-ready” cryptocurrency exchange ZBX has claimed the Maltese government’s plans may be forging a crypto-utopia like no other.

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California Passes Bill Defining Blockchain and Crypto Terms

A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto-related technologies has been passed by the state’s legislature. Assembly Bill 2658 amends the California Civil Code, Government Code, Corporations Code, and Insurance Code to legalize the use of blockchain secured data and smart contracts in local and foreign […] The post California Passes Bill Defining Blockchain and Crypto Terms appeared first on Bitcoin News.

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Almost $1B in Bitcoin Moved Around in Silk Road Wallet Addresses

Mysterious movements from the original Silk Road wallet suggest that the US government is cashing out on the Bitcoin gradually.

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Hyper Inflation in Venezuela Makes for Interesting Times in Cryptocurrency

Cryptocurrency–While the ongoing inflation and forced impoverization of the Venezuelan population is bordering on a crisis, the scenario surrounding government fiscal policy, imposed fiat usage and the role of cryptocurrency is creating an interesting incubation for the industry.

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Venezuela’s Cryptocurrency Petro Has No Users, No Investors and No Oil to Back It Up

The petro has stirred up a lot of debate among the cryptocurrency community. Some believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions.

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South Korean Lawmaker Proposes Special Crypto Zone for ICOs

A South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about a year since token sales were banned in the country but the government has yet to introduce any guidelines for them.

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California Legislators Are Working to Send Blockchain to Governor’s Desk

A number of blockchain-focused bills have been making the rounds in California’s State government. Elected officials are working to have them signed by Governor Jerry Brown. News out of California concerning blockchain and cryptocurrency has been intriguing over the last few months, to say the least.

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Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges

In recent news pertaining to exchanges, Sfox has attributed a reducing spread in the price of BTC across exchanges to the increased presence of institutional investors in the cryptocurrency markets, Brazil’s government has issued a questionnaire to three local crypto exchanges seeking to obtain data pertaining to their operations, and data from the United States […] The post Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges appeared first on Bitcoin News.

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Bitcoin Magazine’s Week in Review: More Than an Academic View of Progress

This past week has seen progress in two aspects of Bitcoin: privacy and payments. Attitudes toward blockchain technology are also showing progress as two surveys reveal.

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China Banned Everything Bitcoin, Video Games Seem To Be Next

As Bitcoin began its monumental run in 2017, rumors began floating around that China was set to crack down on the nascent crypto market. Eventually, those rumors became reality, with the heavy-handed Chinese government reportedly establishing a blanket ban on crypto trading and ICOs.

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Why Bitcoin is Strongly Criticized

Since Bitcoin miraculous rise overnight, many people have found it very hard to accept it. Its buzz has also made it impossible for even the biggest names in the world of finance and government to ignore.

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Cryptocurrency, Venezuela’s Answer to Economic Obliteration?

As the Venezuelan people are plunged further into fiscal despair, the Maduro government is attempting to resuscitate the broken economy by pegging the petro, an “oil backed cryptocurrency,” to the bolivar.

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