Total News – Atlanta, GA 9/27/2018 As reported first here on Total News, Baidu has released it's first whitepaper on Blockchain. Baidu is a traditional search company - it would be the equivalent of Google releasing a Whitepaper. It is interesting that this happens around the same time that Bitmain filed for an IPO.
In other news, while the US Congress is entangled in a complicated Judiciary appointment, a potential "Crypto Currency Task Force" has been delayed (but not killed).
Shown Here:Introduced in House (02/15/2018) Financial Technology Protection Act H.R.5036 - Financial Technology Protection Act
This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. Specifically, the bill:
-establishes the Independent Financial Technology Task Force, which must report annually on such matters;
-establishes the FinTech Leadership in Innovation Program to support the development of tools and programs to detect such activities; and
-directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
Here we go. Bitcoin is being used to finance terrorism. This is one event, one clause, that can cause the US Government to have the legal means and motivation to stage an attack on Bitcoin, should they deem it appropriate, and bring the price to zero. Clauses like this are ever more relevant as we still don't know who created this magic "Bitcoin." -jg
CRYPTO CURRENCY TRADING AND INVESTING IS EXTREMELY RISKY AND ONLY SHOULD BE DONE WITH FUNDS YOU CAN AFFORD TO LOSE. IF YOU ARE NOT COMFORTABLE WITH LOSING 100% OF YOUR DEPOSIT CONSIDER GETTING A BLOCKCHAIN JOB INSTEAD. PAST PERFORMANCE DOES NOT IMPLY FUTURE RESULTS. CRYPTO IS NOT SUITABLE FOR ALL INVESTORS. PLEASE CONSULT YOUR FINANCIAL ADVISOR IF YOU ARE CONCERNED ABOUT THE HIGH RISKS ASSOCIATED WITH CRYPTO CURRENCY. CRYPTO CURRENCY IS UNREGULATED AND THEREFORE ANY PROTECTIONS OFFERED BY REGULATIONS ARE NON-EXISTANT. THEREFORE DO NOT BE SURPRISED IF BITCOIN (OR ANY CRYPTO CURRENCY) GOES TO ZERO IT IS UNLIKELY BUT POSSIBLE. THIS BRIEF RISK DISCLOSURE SUMMARY CANNOT INCLUDE ALL THE POSSIBLE RISKS ASSOCIATED WITH CRYPTO CURRENCY INVESTMENT, BUT IN SUMMARY – IT IS POSSIBLE TO LOSE 100% OF YOUR INVESTMENT DUE TO A HACK, MARKET DECLINE, OR OTHER CIRCUMSTANCE. FOR A FULL RISK DISCLOSURE CLICK HERE: Risk Disclosure
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