Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15. According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the…

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Brazilian State Launches Blockchain Platform for Government Contract Bids

In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12. The blockchain-based solution, called Online Bid Solution (SOL) was reportedly developed by Cayenne Technology and Design. Bids will reportedly be completely transparent and secure…

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India to Educate High-Ranking Police Officers on Cryptocurrency

India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins. The Indian police continue to regularly uncover crypto-related schemes as the government deliberates on the…

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Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?

Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted…

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Germany: CDU and CSU Union to Integrate Blockchain Into Public Services

In Germany, the CDU and CSU Union wants to integrate blockchain technology into public services, Cointelegraph Deutschland reported on June 25. The CDU and CSU Union represents the centre-right Christian democratic political alliance of two parties in Germany, the Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU). In the original announcement…

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New Report Reviews Blockchain Applications by US Federal Government

The research organization Data Foundation and IT firm Booz Allen Hamilton have published a report with five proposed questions to guide the United States federal government on where and how to implement blockchain initiatives. Their research was published in the report “Bringing Blockchain Into Government: A Path Forward for Creating Effective Federal Blockchain Initiatives” on…

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Chinese Authorities to Investigate Illegal Mining Farms at ‘Global Mining Capital’ Sichuan

The state authorities of China’s Sichuan province will investigate local bitcoin (BTC) mining farms that have been allegedly been built illegally, local media agency Sina reports on May 30. Located at the bitcoin “global mining capital” of Sichuan, the bitcoin mining farms with over 30,000 bitcoin mining machines have been reportedly constructed without an official…

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