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Bank of America Investigation: 74% of Fund Managers Understand BTC as a Bubble

The greatest new Bank of America Fund Manager Survey displays that near 3 out of 4 professional investors reason that BTC is a bubble. The fund bosses also valued BTC 2nd on the list of the greatest crowded trades. Lately, investment bank JPMorgan also cautioned that cryptocurrency as a subdivision is in a bubble. The Bank of America Fund Manager Review for April displays that the mainstream of fund managers see BTC as a bubble. The survey enquires 200 fund managers with $533 billion in assets below management. Answering the question of whether BTC is a bubble, 74% of investors…

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Why Decentralization Is Uniquely American

Liberty is an ideal inherent to the founding of America, and this is reflected in Bitcoin. Hello everyone, First of all, I appreciate Joe Rogers, and the Bitcoin Magazine team giving me a chance to contribute, even though I am a total newbie to Bitcoin. I am a passionate student of history, so my interest in Bitcoin started because of my political philosophy and my natural bent against relying on centralized government systems to the best of my ability. Joe shared an article, “The Political Theology of Bitcoin,” which was very interesting to me, as it blended some of the…

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Skrill Continues Its American Crypto Market Expansion by Partnering Up With Coinbase

By embedding Coinbase-powered solutions in its platform, Skrill adds 11 more American states to its service list, enabling more users to buy and sell cryptocurrencies easily. Integration Opens Doors for Paysafe’s Skrill Users to Instantly Buy and Sell Cryptocurrencies In another strategic move designed to grow its presence in the American cryptocurrency ecosystem, Paysafe’s digital wallet, Skrill, has finalized a deal with Coinbase, a leading digital currency platform provider. With the deal signed off, Skrill will receive a new cryptocurrency white-label solution provided by Coinbase, enabling the wallet to expand its services across 11 new US territories. This new white-label…

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Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook

U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues that when consumers are forced to spend, it helps businesses to stay open and help the economy to recover from the knock-on effects of the Covid-19 pandemic. Explaining details of his proposal, Cuban says that “all American households, no matter their income level, should receive a $1,000 stimulus check every two weeks…

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Maximum Americans are in contradiction of a CBDC digital dollar, study discloses.

U.S. citizens look to be conflicting to a digital dollar in spite, expressing worry or care over the existing financial system. A study did bye crypto mining firm Genesis Mining make a suggestion that most U.S. citizens are opposed to the introduction of a Central Bank Digital Currency. A survey done by Genesis mining finds our that out of the 400 participants, less than 25% are united for the proposal that the government must leave behind paper money in regard of a digital dollar, as when more than half were opposed. However, the number of CBDC exponent has nearly got…

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The way U.S. States Are, and Are not, simplifying Crypto Firms’ Compliance Burden.

       The Conference of State Bank Supervisors, an organization of state financial regulators, will be simplified for financial technology payment firms and cryptocurrency exchanges to show they comply with U.S. state laws. The CSBS proclaimed a ‘One Company, One Exam ‘ln Tuesday whereby states will organize their supervisory examination for the nation’s largest payment firms in strength to decrease the costs on both state regulators and the companies they oversee. Fundamentally, the exam is how these regulators will make sure regulated units are still in a scenario of compliance. What this means for cryptocurrency companies – such as Coinbase –…

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U.S. Set to Compete with China on Global Blockchain Dominance

China may be seeing more competition in the global blockchain scene with the U.S. government making moves to improve the country’s competitiveness in emerging technologies. US-China Tussle Goes Blockchain The U.S. Congress is reportedly set to consider a new bill targeted at blockchain. According to Forbes, a bipartisan piece of legislation titled the “American Competitiveness Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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How An Ineffective And Inadequate Banking System In Latin America Is Accelerating Cryptocurrency Adoption

Cryptocurrency has become a buzz word for individuals looking to make a ton of money through speculation. However, it’s not just speculation for some people. Individuals and businesses in Latin America are turning to crypto to escape from the chaos associated with the banking sector. Blockchain analytics provider Chainalysis has confirmed via a blog post that the number of cryptocurrency transactions in Latin America has been soaring since March, despite the pandemic. As Banks In Latin America Fail, Crypto Rises To Fill The Gap In a September 3 report, Chainalysis observed that besides speculation, the number of people in Latin…

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Ripple Founder Highlights China’s Advantage Over America in Tech Cold War

Although they’d never particularly admit it, the United States and China have been involved in a significant war over technology for at least the past decade. Both countries have taken calculated moves to try besting the other, with the conflict now stretching to other parts of their economies. Chris Larsen, a top blockchain executive, recently weighed in on who he believes is holding the upper hand. Digital Payments is The Key Last weekend, Larsen, who co-founded blockchain development firm Ripple Labs, published an article on The Hill. In it, he explained that the United States and China are locked in a…

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Bitcoin: Buy and hodl vs buy and trade asap… which strategy works for whom?

The case of the ‘hodling of Bitcoin’ is a curious one. At first, it would seem that those who would be more inclined to hodl the cryptocurrency would be average everyday people who heard about it before the 2017 bull-run, and not the corner-office institutions who jumped in only after 2018, but reality is quite different.  During this moment in the Bitcoin market, with the price surging over the past three months, there is a notable shift in the hodling market. A recent report by Chainalysis stated that North American investors are opting for a “conservative buy and hold strategy,”…

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US Agriculture Board Adopts Blockchain Technology for Supply Chain

The Department of Agriculture in the US has proposed leveraging blockchain technology for use in tracking organic products throughout their supply chain, according to a release. Organic Products Tracked On Chain The US Department of Agriculture (USDA) said it expects to include blockchain technology on its rules adhering to organic products. The move is significantRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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