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OpenSea Censors PolygonPunks, Wallets Show Conflict Of Interest Admins Hold CryptoPunks And Other Clones

Popular NFT marketplace, OpenSea has announced that it has banned PolygonPunks, a doppelganger clone project based on the widely popular CryptoPunks built on Matic’s chain. However, two of the site’s admins, Nate Chastain and Dan’s wallets, openly show that they hold other clones of CryptoPunks themselves that can still be traded on the marketplace. This… Read More

U.S. Lawmakers Oppose Rushed Crypto Provision In Infrastructure Bill; Planning Amendment To Text

Numerous U.S. lawmakers including — Sen. Ron Wyden (D-OR), Rep. Warren Davidson (R-OH), Rep. Ted Budd (R-NC), and Rep. Pat Toomey (R-PA) — have all voiced concerns against the cryptocurrency tax provision in the $1 trillion infrastructure bill which in its current form could kill the crypto industry. While the bill was slightly improved from… Read More

Square Buys Australian AfterPay, Buy Now, Pay Later Company For $29 Billion

Jack Dorsey’s parent payment company of Cash App, Square has agreed to a massive U.S. $29 billion all-stock deal to buy the Australian fintech company Afterpay – in a merger that some analysts state could “create a global transactions giant.” In a press release, Square announced that following the acquisition of Afterpay, consumers “will receive… Read More

U.S. Lawmaker Proposes Digital Asset Legislation; Attorney Says It’s “Overreaching Raises Civil Rights Concerns”

A new bill has been proposed called the “The Digital Asset Market Structure and Investor Protection Act of 2021,” introduced by U.S. Representative Don Beyer (D-VA), who claims the legislation will promote innovation and growth in the digital asset market with a common-sense regulation to protect investors and holders. However, according to an attorney, Gabriel… Read More

Paypal To Release Crypto Super App In A Few Months

Popular payments giant PayPal has announced a new “super app” that will feature “additional crypto capabilities,” ready to roll out in the U.S. in the next few months. Paypal revealed its planned crypto “Super App” during its Quarter 2 2021 investors’ call. PayPal CEO Dan Schulman announced that the new app would have “unique” technology,… Read More

U.S. Senate Advances Crypto Tax To Build Transportation And Electricity Infrastructure

U.S. lawmakers are looking to tax American citizen’s crypto holdings to help fund infrastructure projects. But the text of the new bill that has been voted to advance to the House, would enforce stringent almost impossible KYC standards in the crypto space in order to do so. UPDATE – 8/02/21: According to Jake Chervinsky legal… Read More

Bitboy Crypto Channel Deleted By Youtube With No Reason Given Again

The Bitboy Crypto channel has been deleted without a reason given by our content overlords at Youtube. Here’s how you can help and where you can find us in the meantime! UPDATE: thanks to the Bitsquad’s quick response our channel has been restored at 1:21 a.m. EST. Youtube has removed the Bitboy Crypto channel, without… Read More

Senator Elizabeth Warren (Queen FUD) Doubles Down Against Crypto

Senator Elizabeth Warren, or as this author will now refer to her as Queen FUD, went onto CNBC to discuss cryptocurrency regulation, one day after calling the industry a bunch of “shadowy super coders” and two days after writing a letter to Treasury Secretary Janet Yellen calling for oversight of the industry. Warren argued that… Read More

U.S. Government Meets On THREE Different Congressional Hearings About Cryptocurrencies – Regulation, Ransomware and CBDCs

The U.S. Senate Banking Committee held a hearing on July 27th entitled: “Cryptocurrencies: What are they good for?,” in which senators discussed digital assets their benefits, and useful applicable use cases. At the same time, there was also a hearing on ransomware by the Senate Judiciary Committee where crypto was examined and a meeting with… Read More

Source Tells London Business Newspaper Amazon Definitely Entering Crypto

An anonymous source within Amazon has confirmed rumors of the e-commerce giant entering the cryptocurrency industry to London business newspaper City A.M. UPDATE: Amazon has denied the story by City A.M. stating it has no plans to accept Bitcoin or any cryptocurrencies. In addition the e-commerce giant added, that it has no plans to develop… Read More

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