US PRESIDENT LOVES FOR CRYPTO

 

 

Biden administration eyeing cryptocurrencies

Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin.

She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed.

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In the news

Former Canadian premier mentions bitcoin as alternative reserve currency

Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies.

However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real prospect of that changing anytime soon.

Ethereum hits a new All Time High

ETH hit a record high of nearly $1,440 on Tuesday. Analysts are saying that it will continue to benefit from its relationship with decentralized finance applications, the majority of which are built on the Ethereum blockchain and have seen massive growth in 2020.

The Foundation for Economic Education announces two major gifts

Roger Ver has made two gifts totaling $2,000,000 in Bitcoin Cash to support FEE’s work in advancing individual liberty and educating students around the world on the moral and economic foundations of a free society.

The first $1 million gift supports FEE’s marquee events for 2021, as well as additional student programs, including online educational content and books. The second $1M gift takes the form of an endowment, which will be a perpetual source of support for FEE’s educational activities.

 

Sponsored by FreeTON

Free TON achieves mainnet status after reaching ‘sufficient decentralization’

The community boasts more than 400 validators and 15 “fully formed geographical subgovernances,” the project’s equivalent of a decentralized autonomous organization, or DAO. Mitja Goroshevskiy, the chief technology officer of TON Labs, said that “sufficient decentralization” is also defined by the number of tokens distributed. Though this has not been fully achieved, as many tokens remain to be distributed, the process is now mature enough to consider the network decentralized.