New Push for Second Stimulus Checks: Analysts Predict When Another Relief Package Will Pass

Many Americans are in need of second stimulus checks and a new coronavirus relief package. As Congress resumes stimulus negotiations, President Trump has called for a “big and focused” stimulus bill now. Meanwhile, several analysts have predicted when lawmakers will pass the next stimulus package. Stimulus Package Status Stimulus negotiations have resumed after the presidential election but lawmakers still have not been able to come to an agreement. This has left Americans with little hope of receiving their second stimulus checks to help them cope with the coronavirus-led economic crisis.…

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Travelers can now get US passports in as little as 4 weeks with Bitcoin

A California-based visa and passport processing company announced it would be accepting Bitcoin as a form of payment as the U.S. State Department’s operations are beginning to return to normal. According to a Nov. 6 announcement from passport and visa expeditor Peninsula Visa based in San Jose, the company stated it would be giving customers the option to pay for select passport services using Bitcoin (BTC). Backed by retailer payment facilitator Coinbase Commerce, Peninsula Visa will be offering passport renewals and name changes in addition to applications related to second…

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Mysterious ‘cat burglar’ pilfers CryptoKitty from digital art installation

On Friday, Kevin Abosch — an Irish conceptual artist who was among the first to use blockchain technology as a medium — reported that a dastardly heist had been committed in one of his on-chain installations, an Ethereum wallet-turned-artwork titled “Stealing The Contents of This Wallet Is a Crime” (2018). In a Tweet the artist, whose work has been exhibited at The Hermitage, said that a CryptoKitty had been swiped from the freely-accessible address: Hi @CryptoKitties/@dapperlabs – Someone tipped me that “IAMA Kitty” was sitting in the #crypto wallet of…

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Bitcoin nerves, DeFi defiant, PayPal debut, Coinbase warning: Hodler’s Digest, Nov. 9–15

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Bitcoin price at $16,000 and beyond? Here are the bear and bull cases We’re undoubtedly in a bull market right now. This week, Bitcoin hit $16,000 for the first time in years.  Even this weekend’s volatility hasn’t been enough to derail BTC’s momentum. Although…

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Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to date. **Last update 12:33 p.m. EST** Shortly after 12:00 p.m., UTC on November 15, 2020, Bitcoin Cash experienced a scheduled…

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Sideways Bitcoin price allows DeFi, Ether and altcoins to rally higher

For the past two days, Bitcoin price has traded within the $14,800–$15,500 range, but the top digital asset has struggled to flip $15,500 to support.  A positive is that Bitcoin (BTC) continues to make higher lows, and at the time of writing, the price is trying to break from the range but still encountering resistance at $15,500. While BTC price has bounced back and forth, altcoins and select DeFi tokens have capitalized on the consolidation phase and turned bullish. DeFi having a day Top 3: $YAX + 73%$MTA + 35%$BZRX +…

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Yearn Finance formalizes operations budget as YFI rallies

After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses.  YIP-54 aims to improve on previous proposals, including YIP-36 and YIP-41, which allowed for expenditures relating to hackathons, grants, security audits, bug bounties, and operations employee salaries. Under YIP-54, community members will be able to audit expenses quarterly.   YIP-54 also included a provision allowing the newly-formed Operations Fund to “buy back YFI or other assets at its discretion.” Many Twitter users rejoiced at the…

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Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban

The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange Commission of Pakistan (SECP) has published a position paper on the regulation of cryptocurrency trading platforms. Besides discussing definitions and concepts of cryptocurrencies, the paper outlines different regulatory approaches adopted globally, including the recommendations by the Financial Action Task Force (FATF), and regulations in Malaysia, Hong Kong, and the U.S.…

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Indian exchange offers ETH staking ahead of Ethereum 2.0 launch

CoinDCX, one of the largest cryptocurrency exchanges in India, is preparing its platform to support ETH 2.0 staking in anticipation of the Ethereum 2.0 launch. As the first phase of Ethereum 2.0 is expected to come online on Dec. 1, CoinDCX is now “all set” to introduce ETH 2.0 staking for the global crypto community, the exchange’s executives announced on Nov. 10. According to the announcement, CoinDCX’s smart contract-based solution will enable users to stake with 32 Ether (ETH) — the minimum amount required to participate in ETH 2.0 staking.…

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3 reasons why Bitcoin price quickly recovered after dropping to $15.7K

The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum.  Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest, and a retest of the parabola. BTC/USD daily chart . Source: TradingView.com Weekend shakeouts and lower support retests are healthy As Cointelegraph reported, algorithmic traders expected a weekend drop in the Bitcoin market to…

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