Connect with us

Bitcoin News

Dark-Horse Trump Rival Pumps Crypto, Aims to Make US a Bitcoin Nation

Published

on

By CCN: Far from a first, California Democrat Rep. Eric Swalwell is accepting Bitcoin donations for his dark-horse bid to knock off Donald Trump in the 2020 presidential election. More significantly, the bombastic congressman wants to usher in a blockchain revolution after he vanquishes Trump from the White House.

Altogether, Swallwell is accepting six cryptocurrencies. Two of the six are odd choices. One of them is the White Standard, a stablecoin we hadn’t previously heard of which reports $0 in USD reserves. The White Company runs his crypto campaign contribution site, which probably explains that decision. The other is Bitcoin SV, the embattled project of Craig S. Wright, who insists he is Satoshi Nakamoto despite mounting evidence to the contrary.

The rest of the options are pretty standard: Stellar, Bitcoin, Bitcoin Cash, and Ether.

Eric Swalwell: Pro-Blockchain, Anti-Gun

Swalwell reportedly has gun control at the heart of his presidential ambitions, but blockchain adoption features prominently as well.

[embedded content] [embedded content]

Swalwell says:

“Blockchain can change the world if we let it. […] Our nation pioneered the Internet. We use smartphones all day every day to move money, to buy goods and services, to share our innermost thoughts, and participate in public life. So it’s pure cognitive dissonance to believe that we cannot extend this further into our democracy and our economy.”

Andrew Yang is also accepting crypto donations. Both Yang and Swalwell are long-shot candidates to even get in the race against Donald Trump, with favorites like Joe Biden and Bernie Sanders leading the democratic polls.

Second Democrat to Accept Crypto This Season

Andrew Yang, another dark-horse Democratic Trump challenger, has also catered to the admittedly-small “Bitcoin vote.” | Source: Shutterstock

While Eric Swalwell offers broad “support” for blockchain technology, Yang has released an entire policy platform based on the idea that crypto will reinvigorate the US economy. Yang is also a proponent of a universal basic income.

Swalwell will not accept “corporate PAC” money, a campaign tactic that elevated fellow Democrat Alexandria Occasio-Cortez to quick stardom and constant criticism.

For several years, politicians have capitalized on the crypto sector’s desire to have a well-regulated and established crypto economy in the United States, with little improvement in the regulatory environment. Our crypto regulations are so bad that Jeremy Allaire recently blamed them, in part, for the firing of thirty employees at Circle.

Trump Has Done Nothing for Crypto Users

Trump’s presidency has done little to improve the regulatory predicament that ensares US crypto firms. | Source: AP Photo/ Evan Vucci

The bipolar nature of the federal government’s reaction to cryptocurrency has allowed other countries, like France and Malta, to take charge and become a home for major crypto companies. One day we hear of the Token Taxonomy Act‘s reintroduction; another day, we hear a senior Democrat talking about banning all cryptocurrencies.

It’s worth noting that experts believe a summary ban on cryptos and crypto-trading would give rise to an extreme price bump for cryptocurrencies like Bitcoin. Demand would increase, in part because of reduced financial freedom.

The more things change, the more they stay the same. Donald Trump‘s presidency has done next-to-nothing for the crypto economy. Running on a pro-blockchain platform may be a useful means for Democrats to attract otherwise conservative votes, but it’s doubtful that the demographic as a whole is large enough to sway the vote.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement

Bitcoin News

NYSE files a trademark application for trading NFTs

Published

on

By

The world’s largest stock exchange may be planning to bring business into the Metaverse.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

Published

on

By

Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

Published

on

By

Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Binance.US is under investigation from SEC over trading affiliates: Report

Published

on

By

Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Boost Insurance unveils product covering against crypto theft from qualified custodians

Published

on

By

Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

MONSTERCHOMPERS NFTs
BREAKING NEW GROUND

You must have javascript enabled to view this plugin.

Copyright © 2022 The Crypto Report

You have not selected any currency to display
Thanks :)

 

', type: 'red', backgroundDismiss: false, backgroundDismissAnimation: 'shake', draggable: false, useBootstrap: false, boxWidth: '500px', escapeKey: true, buttons: { close: { text: 'Close', btnClass: 'btn-red close', action: function() { jQuery('#dhantiadblocker.jconfirm').delay(5000).fadeOut(); // Enable Mouse Right Click jQuery(document).ready(function () { jQuery(document).unbind("contextmenu"); // OR jQuery(document).bind("contextmenu",function(e){ return true; }); }); // Always Hidden Scrollbar (Hidden Double Scrollbar) jQuery("html").css({ "overflow-x":"hidden" }); // Enable Scrollbar jQuery("html, body").css({ "overflow-y":"visible", "height":"auto", }); } }, } }); }); } else { // if AdBlocker not Detected }