The U.S. government has too much vested interest in fiat at stake to let Bitcoin win

Bitcoin’s performance since the beginning of 2019 has been nothing short of a spectacle. It has outperformed many traditional assets and is holding strong, despite a negative tweet by the President of the United States of America. Trump acknowledged the existence of Bitcoin and cryptocurrencies, despite bashing them in his tweets. This has caused different reactions to erupt from different […]

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Turkey Puts Central Bank Digital Currency on New Economic Roadmap

The government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap published on July 9. As per the 11th Development Plan from the Presidency of the Turkish Republic, “Blockchain-based digital central bank money will be implemented.” In addition to a central bank digital currency, the development plan lists blockchain adoption in the operations of transportation […]

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German government expands electric car incentive program

The German government is extending a system of incentives to buy electric cars by 18 months until the end of 2020. The program launched three years ago was supposed to expire at the end of June, but demand for electric cars has remained disappointing. It is backed by a 1.2 billion-euro ($1.3 billion) fund, half financed by the federal government […]

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Bitcoin’s [BTC] relationship with the US government is still very ‘unclear,’ claims Ikigai’s Travis Kling

Due to the independence of the virtual asset class, the cryptocurrency industry has often faced criticism in the past, failing to achieve general validation from economic institutions. The scenario has changed over time however, as Bitcoin [BTC] and other crypto assets have started to be accepted across the United States and the world, despite governments not being entirely sold on […]

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Korean Government Plans Action Over Risks of Resurgent Crypto Market

With the price of bitcoin surging to a yearly high Monday, the South Korean government has held an emergency meeting over the risk of losses for investors, CoinDesk Korea reports. Noh Hyeong-ouk, minister for the Office for Government Policy Coordination, announced the inter-agency meeting in a government statement earlier on Tuesday, saying participants included Ministry of Economy and Finance, the […]

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Indian State of Telangana Aims to Set up Blockchain District for Start-Ups

The Southern Indian state of Telangana plans to establish the country’s ostensibly first blockchain district, local newspaper The Hindu Business Line reported on May 27. The planned district will reportedly aim to establish an ecosystem for blockchain startups and research institutes. While it will seek to attract a host of different blockchain projects, the initiative reportedly has a particular focus […]

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Russian State-Owned Holding Giant Proposes to Apply DLT in All Gov’t Data Systems

Russian state-owned holding conglomerate Rostec proposed a roadmap on applying blockchain in all the governmental data systems, local financial newspaper Kommersant reports on May 24. An institution under Rostec has reportedly developed a blockchain roadmap worth up to 85 billion rubles ($1.3 billion) that claims to provide an economic impact of up to 1.6 trillion rubles ($25.4 billion) in five […]

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SEC Delays Cryptocurrency ETF Verdict, is This a Good Thing?

The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is […]

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