Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader

The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the fraudulent nature of their operations. The emergency enforcement order, therefore, stops the flagged companies from continuing to operate from the state of Texas until they get a license from the regulator. Meanwhile, in his comments…

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Why DeFi, in its current state, is destined to fail

Decentralized finance, in a nutshell, promises transparency and offers beneficial terms for borrowers. DeFi platforms are supposed to build an alternative financial system for offering/receiving loans, exchanging currencies, making payments, etc. There are no banks, brokers or trusted third parties, governments are not involved, and finally, notorious middlemen are eliminated. There is just secure, transparent software. DeFi allows borrowers to take hassle-free loans: You don’t have to worry about bank account creation, lengthy application reviews or paperwork. For crypto holders, DeFi offers an opportunity to lend their assets to other…

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The Parlous State of Financial Education – Cointelegraph Magazine

They say that education prepares you for later life. For many sleep-deprived teenagers staggering through the corridors on a Monday morning, this is the sole motivation to learn — the hope that upon graduation, they will be equipped with the tools and wisdom necessary to navigate the intimidating minefield of adulthood. So it is expected that the education system, from the work of individual teachers to the coordination of national education policy, strives to do students a service by creating curricula that actually achieve this goal.  However, in one key…

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Bolstering Separation of Money and State Following the 244th Independence Day

With the fourth of July approaching, many Americans will have to contemplate whether or not the holiday is an empty affair. After the last thirteen weeks of Covid-19 lockdowns, business shutdowns, and police brutality, the lack of liberty and freedoms in the U.S. has never been more apparent. With ideas like bitcoin and concepts that bolster secession, the day is coming when money is completely removed from the state, just as the state was separated from the church centuries ago. Roughly six days prior to the empty holiday, as I…

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Leaked Pentagon War Game Shows Gen Z Using Bitcoin to Battle the Corrupt State

The United States has been creating military simulations, otherwise known as ‘war games,’ for years now. In fact, the Pentagon and various professional analysts created a permanent war gaming facility for simulations. This week a report indicates that Pentagon officials have purportedly created a war game that involves Generation Z (Gen Z) and the rebels leverage bitcoin to fight a corrupt system. On June 5, 2020, the news outlet, The Intercept, published a leaked document that shows the Pentagon’s alleged plans for a specific war game. The game is a…

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Judge Orders Arrest of Former GOP State Senator Involved with Crypto Scam

A Texas federal judge issued warrants for the arrest of an ex-Washington state senator and the leaders behind an alleged cryptocurrency scam involving the Meta 1 coin.  At an April 21 hearing with the U.S. Securities and Exchange Commission, Judge Robert Pitman ordered bench warrants for former Republican senator David Schmidt and cohort Robert Dunlap after they failed to appear. This was despite the fact the proceedings were being convened over video conference in light of COVID-19 prevention measures.  Nicole Bowdler, the third defendant named in the judge’s ruling, was…

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Indian State Ministry Discusses Cryptocurrency Plans With Founders of Crypto Bulls Roadshow

An Indian state official recently met with the founders of the “India Crypto Bulls” initiative and discussed cryptocurrency development, investment, and innovation in India. News.Bitcoin.com talked to Kumar Gaurav, one of the founders, to find out more about the meeting. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It India Crypto Bulls Founders Meet Rajasthan Official Amin Pathan, chairman of the Dargah Committee in Ajmer, under the government of India’s Ministry of Minority Affairs, recently met with the founders of the India Crypto Bulls…

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US State Reps Submit Bill Spurring Blockchain Innovation in Rhode Island

Two state representatives in Rhode Island introduced a new bill promoting blockchain and technology adoption in the state.  Rhode Island representatives David Place and Blake Filippi introduced a new bill on March 11 known as the “Rhode Island Economic Growth Blockchain Act.” The motion aims to provide green pastures for blockchain innovation growth, ensuring Rhode Island’s ability to keep up with the times.  The bill’s new regulation  The new proposal aims to give blockchain regulatory parameters within Rhode Island. The bill reads: “The state of Rhode Island understands that to…

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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls

Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for a separation of money and state, thinking it is high time to put financial power back into the hands of the people. Also read: Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens Mass Unrest Over…

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