House GOP Leader McCarthy Says US Govt Must Go All-In on Blockchain

Republican House Minority Leader Kevin McCarthy (R-CA) is sounding a lot like a tech entrepreneur these days. In a plea before a select committee on March 12 introducing ideas for Congress to prioritize in the 21st century, the GOP leader made his case for integrating blockchain technology into the government’s day-to-day operations. Kevin McCarthy: U.S. Government Should Dive Head-First into Blockchain McCarthy fell short of proposing that they use a public crypto network such as Ethereum, for instance, suggesting instead that the U.S. government build its own blockchain. He is, however, willing to admit that Congress “might need help from

The post House GOP Leader McCarthy Says US Govt Must Go All-In on Blockchain appeared first on CCN

News – CCN

US Govt Returns Stolen Bitcoin to Crypto Exchange Bitfinex From $65 Million Hack

Bitfinex cryptocurrency exchange has revealed that 27.66270285 BTC, a portion of the stolen funds from the 2016 hack, was successfully recovered by law enforcement of the U.S. government. Recovered BTC to Reimburse Recovery Right Token Holders Following the hacking event, Bitfinex launched an investigation with the assistance of enforcement agencies internationally, to trace the 119,756 BTC that vanished from the exchange’s premises. According to the recovery strategy outlined after the incident, Bitfinex generalized the losses from every account and credited a USD-pegged token dubbed BFX in an equivalent amount to the damages each customer suffered. Subsequently, Bitfinex gave its customers the option

The post US Govt Returns Stolen Bitcoin to Crypto Exchange Bitfinex From $ 65 Million Hack appeared first on CCN

News – CCN

Here’s How the Gov’t of Seoul is Using a Public Blockchain in the Real-World

The government of Seoul is using ICON, the largest blockchain project in South Korea by valuation, to process information, issue documents, and conduct a wide range of administrative tasks. On February 8, the Seoul Metropolitan Government moved forward with its plans to develop a blockchain ecosystem with the people of Seoul by creating the Seoul Blockchain Governance Team. The Seoul Blockchain Governance Team is composed of 40 college students, 30 normal residents, 20 blockchain developers, and 10 industry experts. The team will develop, test, and deploy distributed ledger-based systems in the upcoming months for the government. Ultimately, the Seoul Metropolitan

The post Here’s How the Gov’t of Seoul is Using a Public Blockchain in the Real-World appeared first on CCN

News – CCN

Venezuelan govt blocks bank accounts of people leaving the country

Venezuela's Maduro is exemplifying how the banking system can be weaponized for political purposes. Political oponents and millions of people simply leaving the country to avoid starvation are finding access to their meager savings blocked.

This can happen, will happen, in many other countries. It is the logical conclusion of the cashless society… unless Bitcoin wins and gives people their monetary sovereignty back.

submitted by /u/flix2
[link] [comments]
Bitcoin – The Currency of the Internet