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Potential Ban on the Development of CBDC
Last week, the US House Financial Services Committee (HFSC) approved a bill with potential ramifications for central bank digital currencies (CBDCs) - the "CBDC Anti-Surveillance State Act." The bill is now set for consideration and voting by the House of Representatives.
During a recent address, Emmer voiced concerns about CBDCs potentially being utilized to monitor citizens' spending patterns and collect data for the purpose of constructing a social credit system, which would either reward or penalize individuals based on their behavior.
Back in July, US Congressman Warren Davidson from Ohio took to Twitter, emphasizing the need for Congress to promptly prohibit and criminalize any initiatives related to designing, constructing, developing, testing, or establishing a CBDC.
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Is Xbox Considering the Introduction of a Cryptocurrency Wallet?
Xbox has consistently ranked among the best-selling gaming consoles of all time, boasting over 160 million sales throughout its history.
Recently, leaked documents related to the upcoming console found their way into court proceedings. Among the various updates revealed in these documents, one particular detail piqued our interest.
While the new Xbox is still a few years away from its official release, there remains some uncertainty about the accuracy of the leaked roadmap. Nonetheless, it's undeniably intriguing to witness major players in the gaming industry contemplating the potential integration of cryptocurrency into their future plans.
Bitcoin Mining Machines Confiscated During Venezuelan Prison Raid
In a recent operation aimed at dismantling the most potent organized crime syndicate in Venezuela, authorities stumbled upon an unexpected discovery amidst rocket launchers, grenades, and firearms: Bitcoin mining machines.
This meticulously executed operation, conducted on Wednesday, deployed a force of 11,000 troops to conduct a raid on Tocorón prison located in the state of Aragua, according to an official government statement.
Remarkably, this operation marked the first instance in which Venezuelan authorities took direct action against the notorious Tren de Aragua, an organization entangled in a broad range of illicit activities, including drug and human trafficking, as well as extortion, not only within Venezuela but also across neighboring regions.
Why I'm Embracing a Bullish Outlook on Cryptocurrency
Following the burst of the Dot-Com Bubble, numerous Nasdaq-listed companies saw their valuations plummet by 80% or more, resulting in investors, including millions of ordinary Americans, collectively witnessing a loss of over $5 trillion in wealth.
Fast forward 20 years, and we've recently observed a strikingly similar scenario unfold within the cryptocurrency market. However, you might find it intriguing to discover what historical patterns and our independent research suggest will occur in the near future.
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