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Patrick McHenry– Republican House representative and ranking member of the House Financial Services Committee– continues fighting for the cryptocurrency industry. He recently presented a safe harbor bill designed to protect crypto-related startups from securities regulators.  The Clarity for Digital Tokens Act of 2021 McHenry’s bill was unveiled on Tuesday, before a committee hearing with SEC chairman Gary Genser. The proposed legislation seeks to “provide a safe harbor for transactions in certain tokens and other purposes.” It has been titled “The…

October is off to an impressive start for the crypto space. Coin prices are on a significant high, showing possible momentum. However, this isn’t the first time that the market will start strong. Investors are skeptical about this rise, so they will want to check how the market performs. The Chinese Saga Continues The biggest story right now is the Chinese crackdown. This isn’t the first time that China will announce a crackdown on the crypto space, of course. Beijing…

A rise in demand for digital coins in India might help the crypto landscape flourish in the region. For instance, the nation is currently leading the expansion of cryptocurrency markets. Also, a report from Chainalysis showed that India's market grew by 641% over the past year. Fastest-Growing Crypto Region Chainalysis’ records show that Institutional investors are driving India's cryptocurrency market expansion. Additionally, increasing decentralized finance activity has been one of its few catalysts. According to Quantstamp's Sriram, DeFi activity continues…

Brazil's Chamber of Deputies imposed new rules on crimes involving cryptocurrencies. The new guidelines include harsher penalties which increase from one to two-thirds. By introducing this law, Brazil could fight against laundering activities using digital currencies. The bill awaits review from the Plenary of the Chamber before passing it into law. A New Age of Regulation in Brazil? As of now, laundering suspects face a jail term of three to ten years. The culprits also attract heavy fines for engaging…

The Chinese Communist Party (CCP) has maintained a hostile relationship with bitcoin and other cryptocurrencies for years now. The leadership in the Asian country considers crypto a threat to its ability to exert overarching influence on individuals' freedoms. Peer-to-peer, distributed networks like Bitcoin offer folks the ability to evade government surveillance and capital controls. They have therefore become the CCP's worst nightmare. The Chinese government has continued to expand the scope of its crypto bans since 2013. That's how it…

World Famous UFC legend Jorge Masvidal recently became the first fight promoter to award contestants with Bitcoin. Masvidal immediately paid fighters following the event through ledgers pre-loaded with Bitcoin. Cryptocurrency Meets The MMA World The fighting event– Gamebred Fighting Championships– was held Friday, October 1st, and featured a new fighting format: Bare-Knuckle fighting. Fighters were free to utilize a range of fighting styles from boxing to Jiu-jitsu – without glove protection. At the end of the night, event organizers awarded…

Market manipulation by significant exchanges throughout the world has been a critical issue for most crypto traders. More so, the underdogs in the crypto industry are at a wild toll. Crypto whales only require to move a massive amount of crypto to determine how the marketing strategies go. Recently, Tether and Bitfinex found themselves in a spot concerning the same. Both blockchains have been in a fix. The two professors acting as plaintiffs declared their lawsuit against Tether and Bitfinex…

As per Coinmarketcap, the number of active users on the Polygon blockchain has officially overtaken ETH, according to their analysis on 3rd OCT. The site also added that the skyrocketing number of users is due to the upcoming mobile game Arc8. Polygon Active Addresses Skyrockets As per the Polygon scan, 531,831 addresses were using the polygon blockchain on Oct 3, 2021. Comparatively, the ETH network was serving about 472,079 active users on the same date. While the numbers of users…

THETA has unveiled a new API service to revolutionize web3 video, providing its users with a way to stream decentralized video content. Theta Labs launched the "Theta Video API" that will assist developers in adding a decentralized video to any website or app. Interestingly, developers won't go through the hassle of using any central servers, content delivery, or video hosting software. In a nutshell, anyone can upload a video clip, and the API will return a playable link. Comprehensively, you…