(Vince) This infrastructure bill is full of pork…. So full of pork that even things like cryptocurrency regulation have found their way into the bill, and most crypto investors/enthusiasts were worried that these regulations would have devastating effects on cryptocurrencies as a whole.
cryptocurrencies
Crypto Carnages Wipes $1 Trillion In Wealth As Transactions Tumble To 3-Year Lows
(Tyler Durden) Bitcoin prices are rebounding after MicroStrategy upsized its bond offering (which will be used to acquire more bitcoin), offsetting anxiety over regulation demands from the IRS.
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A JPMorgan Icon Quits, And Has Some Parting Words About Cryptocurrencies
(Tyler Durden) For the better part of the past decade, Wall Street traders would end their week with at least a casual glance at JPMorgan’s closely-followed cross-asset report written every week by the bank’s top x-asset strategist, John Normand. But not any more: as Normand wrote in his May 21 note published last Friday, “this is my last research note and video, as I am moving on after 24 years.” In his note, Normand discusses lessons “learned in over two decades with JPM Research, covering cross-asset strategy/asset allocation, Currencies, Commodities and Fixed Income” a period “which covers four business cycles, three US/global recessions and four financial crises (that didn’t cause US recessions), plus hundreds of weekly reports and client meetings.”
Bitcoin Uses More Energy Than All of Argentina
(Edward Morgan) Bitcoin is a huge energy hog. And Tesla’s recent announcement that it had bought $1.5 billion bitcoin — and will soon accept the cryptocurrency as payment for its cars — will only encourage more energy usage.
WORLD WAR INFORMATION: Crypto Pilot Program Polarities and Stealthy Stocks
(Amber Wheeler-Dwight) Cryptocurrency is booming despite looming (seemingly harmless) litigation, with announcements of multiple pilot programs in the US and abroad. With much secrecy, distraction, and extreme shadow work, it’s clear something is going on behind the curtain.
Coronavirus Relief: Cryptocurrency Aid Programs Launched to Combat COVID-19 Outbreak
(Kevin Helms) Cryptocurrencies are being used to help fight the global coronavirus pandemic. Crypto companies are doing their part to provide coronavirus aid to countries, hospitals, and people suffering from COVID-19. A coronavirus relief campaign, a Red Cross bitcoin fundraiser, and an investment fund are some coronavirus relief initiatives involving cryptocurrencies.
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IRS Sends 1000s Of “Fishing” Letters To Crypto Users
(Marie Huillet) The United States Internal Revenue Service (IRS) is sending letters to crypto investors to clarify crypto tax filing requirements and, in certain cases, compel them to pay back taxes. The IRS announced its letter campaign in a press release on July 26.
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Deep State Crypto: Facebook Introduces New “Libra” Digital Currency With Landmark White Paper
(Zero-hedge) After weeks of anticipation, the day has finally arrived: In a dramatic push into uncharted waters for the social media behemoth that saw Mark Zuckerberg make overtures to his former arch-nemises (the Winklevii), Facebook has finally published the white paper for its long-awaited stablecoin, “Libra”.
Congressman Calls for Banning Bitcoin Because it ‘Takes Power’ from the Corrupt Federal Reserve
(Matt Agorist) The Federal Reserve is shaking in their boots over the power of cryptocurrency to deplatform their monopoly on the control of money, so their henchmen are moving to ban it.
War On Cryptocurrencies: Wells Fargo, J.P. Morgan Chase, Bank of America, Citigroup And Capital One Have Banned Their Customers From Buying Bitcoin With Credit Cards
(Michael Snyder) A war on cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin has begun, and it threatens to destroy the entire cryptocurrency industry.
Scientists, Funded By Crypto, Using Blockchain to Stop Monsanto from Taking Over Cannabis Industry
(John Vibes) A group of scientists is using blockchain technology to stop Monsanto from patenting cannabis strains.
Crypto-Million & Billionaires: Let’s Build This Kind of World (Photos)
(a-utopian) My fellow crypto-aires and crypto-enthusiasts, the time has come for a beautiful new world to be made manifest out of the crumbling old political, financial and social structures we see around us.
Rockefellers Join Soros & Rothschilds In Cryptocurrency Investment Plans
(David Nova) Despite the collapse in cryptocurrency prices since the beginning of the year (bitcoin is down more than 60% and ethereum down more than 70% from their ATHs), more marquee investors have decided that now is the time to buy in.
High-Level Govt Officials Reportedly Flocking to ‘Doomsday’ Camps — What Do They Know?
(Matt Agorist) High-level government officials and national security officers are reported flocking to “doomsday camps” around the country citing “inevitable” events as the impetus behind the move.
WATCH: Congressman Accidentally Admits Cryptocurrencies Threaten Government’s “Control” Over You
(Matt Agorist) On Wednesday, the Subcommittee on Capital Markets, Securities, and Investment (Committee on Financial Services) held a hearing they called “Examining the Cryptocurrencies and ICO Markets.”
