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[NEWS BLOG]: White House Moves Towards Intense Crypto Crackdown, What Will it Mean for Investors?

Ever since US President Donald Trump shared his thoughts on Bitcoin in a blistering tweet from last July, crypto investors have been nervously anticipating news regarding when the government would start a formal crackdown on the nascent technologies.

It now appears that this crackdown could be on its way in the coming couple of years, as the White House’s newly released 2021 budget proposal recommends shifting the US Secret Service to operate underneath the Treasury in order to investigate crypto-related crimes.

White House Budget Proposal Links Crypto to Crime and Terrorism

In the 106-page document, the word “cryptocurrency” is only mentioned - read more.


OTHER RELATED NEWS

What is XRP ?

XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other - both cryptocurrencies and fiat - exchanges. The best way to describe XRP is a ‘Joker’. Not the creepy Batman enemy, but the card that can be any other card. If you want to exchange dollars to euro, it can be dollar with dollars and euro with euros to minimize the commission. As highlighted above, the transaction cost on Ripple is $0.00001.

An interesting fact: after the transaction the amount of $0.00001 ‘disappears’ - read more.

All 7-Eleven Stores Across the Philippines Now Sell Bitcoin

Cryptocurrency investment app Abra starts selling crypto for cash in all 7-Eleven stores across the Philippines with a new partnership with payment processor ECPay.

Crypto in 6,000 outlets in the Philippines.

Abra announced on Sept. 18 that the partnership will bring crypto to 6,000 retail outlets across the Philippines, including all 7-Eleven stores. The company says that the aim of the partnership is to make acquiring cryptocurrency easier: “Using new digital tools that open up financial access shouldn’t be hard. And they shouldn’t be complicated. Moving cash to crypto and other digital assets should be simple and fast. That’s why we are - read more.

Crypto Community Trolls Ethereum For Not Getting Its Own Emoji

The crypto community on Twitter has united once again in an epic troll, this time aimed at Ethereum. What began as a simple question as to why the second-largest cryptocurrency doesn’t have its own emoji turned into a hilarious movement that says the network is best described with the internet’s beloved poop emoji.

"A Serious Enquiry About Emojis Turns Into an Epic Troll"

The crypto community has never been one that turns away from a good troll, which is exactly what ensued after some unsuspecting members of the Ethereum community raised the question of emojis.

Namely, the recent addition of - read more.

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