A US Representative is introducing a bill that would prevent the Federal Reserve from issuing government-backed crypto assets directly to individuals. Congressman Tom Emmer of Minnesota says that the Federal Reserve issuing a central bank digital currency (CBDC) would centralize the financial information of Americans, leaving them open to surveillance from their own government. “As […]

The post Congressman Introduces Bill To Limit Federal Control of US-Backed Crypto Assets appeared first on The Daily Hodl.

The reward is always front of mind, while the potential harm of giving out a phone number doesn't immediately reveal itself.

China’s government seems to be embracing non-fungible tokens (NFTs) over cryptocurrencies. Hong Kong news outlet The South China Morning Post reported today that the government-backed China blockchain-based services network Blockchain Services Network (BSN) plans to launch a new NFT infrastructure later this month. The major point is that there is no connectivity between the infrastructure [...]

The post Government-backed Services Network is Building NFT Infrastructure In China appeared first on Blockonomi.

Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the […]

The Northwest Arkansas Council is launching a cryptocurrency incentive program seeking to attract professionals that want to work remotely. The program is targeting entrepreneurs and [...]

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Dublin January 2022. Greenheart CBD has partnered with Paradigm Sports to sponsor three MMA fighters: Bellator fighters Jornel Lugo and James Gallagher, and UFC...

Although the price of bitcoin fell recently, it has still managed to be one of the best performing financial assets of the year. The cryptocurrency has managed to have an amazing year in general, reaching all-time highs twice during the year. Over the year, the cryptocurrency first reached an all-time high during the Spring, when...

The post BTC Manages to Outperform Stocks and Gold for 3rd Year – What’s Next? appeared first on Live Bitcoin News.

This is a powerful time to look ahead at how FinTech can slash stress and promote well-being. Financial technology is at the heart of making life easier, faster, and less stressful. One of the great functions of FinTech is to help consumers slash stress and promote well-being.  As we envision the future, now is a […]

The post How FinTech Can Help Promote Well-Being in 2022 appeared first on Fintech News.

The release of the Annual Data Breach Report supports the Data Privacy Week 2022 initiative to educate businesses on data collection best practices that respect data privacy and promote transparency

(PRWeb January 13, 2022)

Read the full story at https://www.prweb.com/releases/identity_theft_resource_center_to_release_16th_annual_data_breach_report_at_policy_forum_during_data_privacy_week_2022/prweb18434376.htm

The cryptocurrency market has had a record year in 2021, briefly surpassing $3 trillion in value in November. Two of the most valuable cryptocurrencies i.e., Bitcoin and ether, both reached new highs, while Altcoins like meme-inspired dogecoin grew in popularity. Other digital assets, such as nonfungible tokens, or NFTs, were auctioned alongside fine art for millions of dollars at prominent auction houses like Sotheby’s and Christie’s. NFTs representing in-game assets and digital land, in addition to art, saw a significant increase in value. Retail and institutional investors have shown interest in blockchain-based applications, such as decentralized finance, or DeFi, fueling the expansion of Web3, which is the decentralized version of the internet based on blockchain technology that powers NFTs and underpins cryptocurrencies. All of this contributed to the mainstreaming of cryptocurrency in 2021. People started to read, learn and accept the world of cryptocurrencies on a huge scale. And even though the market is going through a correction it is also a matter of time that the market will bounce back. In the year 2021, the crypto market saw a lot of changes. Large corporations, diverse governments (countries), influential and well-known individuals such as Elon Musk and ex-Twitter CEO and internet entrepreneur Jack Dorsey have all had an impact. This has a significant impact on public awareness, as well as the price of cryptocurrencies like Bitcoin and Ethereum, among others. So let’s take a look at the most happening events this year to do a detailed review of the 2021 crypto market. These events can be held responsible for shaping the crypto market last year. Though there were countless defining moments this year, here are the 6 major highlights from 2021. Bitcoin Reaching Its ATH and the Launch of Taproot  Bitcoin reached its all-time high price of $68,000 in November 2021. And it’s the highest bitcoin price ever recorded. Bitcoin’s recent market pricing demonstrates a continuous increase in market price, despite occasional price drops. Let’s have a look at the price of Bitcoin in 2021. The price of Bitcoin increased to its highest point before falling to its lowest point in the first half of 2021, as indicated in the graph below. However, due to tremendous demand for Bitcoin and the impact of favorable news, the price rose sharply to its all-time high in November. The year 2021 also saw the release of Taproot, a significant technological update to the Bitcoin protocol. Taproot is a three-part upgrade that boosts network security, privacy, and scalability. Since the activation of Segregated Witness’s block capacity boost in 2017, Taproot is the most significant upgrade to the Bitcoin network. Taproot served as a reminder that Bitcoin is a flexible technology that can evolve to improve usability and user experience. The future success of Taproot will serve as proof that Bitcoin can adapt.  El Salvador Made Bitcoin a Legal Tender in the Country El Salvador became the first country to embrace bitcoin as legal cash when it passed a new law in June. El Salvador’s law permits bitcoin to be used to pay for goods and taxes. According to CNBC, businesses can price their products in bitcoin, and exchanges will not be subject to capital gains tax. The government of President Nayib Bukele is banking on Bitcoin to boost the country’s economic growth and investment, given that the price of Bitcoin continues to rise. We’ll go over Bukele’s concept for a Bitcoin city here. The city will be built near the Conchagua volcano to take advantage of the country’s geothermal energy, which will be used to power both the city and cryptocurrency mining, which is an energy-intensive process of solving complex mathematical calculations 24 hours a day, 7 days a week to verify and add crypto coins to the Blockchain network. It’s worth noting that El Salvador already has a Bitcoin mining pilot project underway at a geothermal power station near the Tecapa volcano. Residents in Bitcoin city, according to Bukele, will not have to pay any income, property, capital gains, or even payroll taxes. The city would be constructed to attract international investment. Ethereum On The Top of its Game It’s no surprise that bitcoin’s dominance, a measure of BTC market capitalization compared to the market capitalization of other digital assets, declined from 70.2% to 40.1% in 2021, thanks to Ether’s stronger asset price performance. Bitcoin’s decline is not solely due to ETH; rather, crypto projects have sprung out with a variety of use cases that are not directly competitive with Bitcoin.  From EIP 1559 through the approaching shift to proof-of-stake, Ethereum has had huge catalysts. Both events are crucial in the development of a narrative for Ethereum’s native asset, as well as the evolution of Ethereum as a technology. EIP 1559 established ether’s position as “gas” in the ecosystem, requiring that it be … Continued

The post The Global 2021 Crypto Market: A Detailed Review appeared first on Cryptoknowmics-Crypto News and Media Platform.

Citing the privacy dangers posed by China's digital yuan, Rep. Tom Emmer proposed a bill to bar the Fed from creating a digital currency for consumers.