Republican House Campaign Arm NRCC to Accept Crypto Donations

The campaign arm of the Republican House will start accepting contributions in cryptocurrency, reported Axios.

Such a move will make the National Republican Congressional Committee the first national party committee to accept crypto donations.

For crypto donation, NRCC will be using the cryptocurrency payment processor BitPay which will immediately convert crypto donations into dollars before sending them to NRCC’s account.

As such, the committee won’t be holding any crypto. This will allow them to accept individual donations of up to $10,000 per year, rather than the $100 maximum value for transfers of crypto like Bitcoin. Rep. Tom Emmer (R-Minn.), the NRCC chairman, said in a statement,

“We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative technology will help provide Republicans the resources we need to succeed.”

A member of the House Financial Services Committee, Emmer is a co-chair of the Congressional Blockchain Caucus. Recently Emmer and a bipartisan group from the House Blockchain Caucus asked the IRS to ease regulations on charitable crypto donations.

Given that the Federal Election Commission has expressed concerns about anonymity provided by cryptos, the NRCC says it will diligently gather identifying information from all individuals who use crypto assets to donate.

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Author: AnTy

Chamber Of Digital Commerce Launches ‘Crypto for Congress’ Sending $50 in BTC to Every Member

  • CDC plans to give every member of congress a small campaign donation in Bitcoin (BTC).
  • The $27,000-plan aims to introduce digital assets to members of Congress to ease the lobbying process.
  • The U.S. still lags behind its competitors in the blockchain and cryptocurrency field.

In a published post on Monday, the Chamber of Digital Commerce (CDC), a leading trade association in digital asset payments and blockchain innovations, announced the launch of ‘Crypto for Congress’, a program set to send campaign donations in Bitcoin (BTC) to each of the 541 members of Congress. This represents the first time every member of Congress will have an opportunity to fully interact with the technology, leveling the field when making digital asset laws.

The Chamber of Digital Commerce PAC will send $50 donations to the campaign trail to each member, in addition to “providing extensive public online educational training, a toolkit, and resources.” The donation remains trivial but will greatly impact Congress members interacting with Bitcoin and the crypto ecosystem directly.

The post further states that presenting BTC to Congressional members will “foster a deeper understanding of blockchains” to ease the legal procedures and promote “greater participation in the political process” to integrate blockchain benefits to every industry U.S.

Also Read: US Congressional Members Ask the Government to Support Blockchain Tech For Covid-19 Relief

Crypto for Congress is an educational initiative formed by CDC’s PAC, a different entity from CDC, aiming to teach Congressional members from both parties of the benefits and law-making process in the blockchain and crypto ecosystem. Perianne Boring, President of the Chamber of Digital Commerce, emphasized the need for Congress to interest the blockchain field. Boring said,

“Now is the moment for all Members of Congress to learn about and embrace cryptocurrencies and blockchain technology, and the best way to do that is to set up a digital wallet and get started on the blockchain journey.”

Further focusing on the U.S. lagging behind leading nations in digital assets and blockchain technology, she said,

“Many other nations like China, Japan, Singapore, and Switzerland have rapidly embraced blockchain technology and created robust national plans to be global leaders in this area. The United States is falling behind in technological innovation, and this is not a risk we should be willing to take.”

Support from Congress

The initiative is also supported by the Congressional Blockchain Caucus led by Tom Emmer and Darren Soto, who recently sponsored two digital asset bills in the Consumer Protection Act – currently in Senate.

Emmer labeled the Crypto for Congress initiative as a ‘lightbulb moment’ in Congress, finally taking an interest in the digital assets and blockchain developments. He said,

“By embracing the digital asset movement, we have an opportunity to take a significant step forward to ensure America’s leadership position in the future of the global economy.”

Representative. Darren Soto said,

“As lawmakers, it’s our duty to ensure the United States leads in blockchain technology. Understanding how this technology works at a hands-on level is an important step we must take to promote innovation and maximize the potential of cryptocurrencies for the U.S. economy.”

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Author: Lujan Odera

Andrew Yang’s Former Aide Seeks Congressional Run in NY-10; Sets Eyes on UBI and Crypto

Jonathan Herzog, a crypto advocate and former aide at Yang’s campaign, has launched his congressional run for New York’s 10th District. The 26-year-old started off on a positive tone towards cryptocurrencies and has since signaled that the future is decentralized and open source.

Herzog announced his intentions to vie for the NY-10 Rep seat back in 2019, becoming more vocal about cryptocurrencies in the recent past. Though trailing against Jerry Nadler, a Democrat who has held the seat for 28 years, Herzog is determined to see a legal framework developed for the crypto ecosystem,

“There’s acute urgency to ensure that Bitcoin and cryptocurrency have mass adoption and have a regulatory framework that enables their innovation in New York and in the United States.”

Herzog’s Crypto Advocacy

The young democrat is quite vocal on twitter; in fact, one of his tweets on May 23 notes that it’s time for a Bitcoin-friendly representative,

“Time for a representative who knows what Bitcoin is.”

In a phone interview with Coindesk, Herzog went on to highlight that Wyoming’s advancement in crypto regulation should be replicated at the Federal level. In his opinion, this can be done by bringing stakeholders like Jack Dorsey and Caitlin Long to the table in order to circumvent the underlying issues with informed guidance.

Herzog was also keen to mention that New York’s BitLicense basically chased away crypto innovations from the big apple. Dubbing Bitcoin as a tool that can bank the unbanked, Herzog says that it would have qualified as a good approach to combat COVID-19,

“Bitcoin is part and parcel of civil rights fights to bank the unbanked and to offer a real decentralized alternative to the fact that even before COVID-19 nearly half of all Americans couldn’t afford an unexpected $500 bill.”

Yang’s Replica in Ideology?

Looking at Herzog’s main ideologies, the NY-10 Rep contestant is pretty close to what Yang advocated for during his presidential run in the Democratic primaries. Like Yang, Herzog believes in Universal Basic Income (UBI) especially after the COVID-19 pandemic. He echoes that it is in times of crisis that ideas which seem politically impossible could become viable,

“This crisis has only underpinned and accelerated the urgency and need of universal basic income, but also the need for the internet of money, for a decentralized, blockchain-enabled, Bitcoin/crypto solution.”

Notably, Yang was also an advocate for crypto ecosystems and it, therefore, comes as no surprise that one of his campaign aides subscribes to the same school of thought.

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Author: Edwin Munyui

The George Gilder Report: Internet Reboot 2020 Blockchain Prediction

Gilder’s Internet Reboot is a new marketing campaign for The George Gilder Report.

As part of the new 2020 promotion, the country’s number one futurist, George Gilder, claims America is preparing for a $16.7 trillion reboot. Smart investors can position themselves for the internet reboot, then reap enormous profits.

“Get ready for the $16.8 trillion reboot of 2020 and beyond,” explains George Gilder, described as “America’s #1 futurist”.

“Today’s internet cannot survive. The next new paradigm could impact over $16.8 trillion in the world economy. And you could get very rich as it does.”

Gilder explains his philosophy in his book “Life After Google”, which describes why big data will fail and the blockchain economy will rise. You can get the book for free by subscribing to The George Gilder Report today.

What’s the deal with Gilder’s Internet Reboot? Should you subscribe to the George Gilder Report? Today, we’re explaining everything you need to know about Gilder’s Internet Reboot and the George Gilder Report.

Grab George Gilder’s Internet Reboot Report Here

What is Gilder’s Internet Reboot?

George Gilder claims that new technology is about to disrupt the internet as we know it. Because of this new technology, the internet will go through a “$16.8 trillion reboot”, permanently changing the way today’s largest internet giants – including Amazon, Google, and Facebook – do business.

Gilder claims he predicted the death of cable TV in 1994, releasing a book called Life After Television. He also predicted the smartphone revolution a decade before Steve Jobs introduced the iPhone.

Now, Gilder is releasing a similar prediction for the internet. He has published his predictions in a book called Life After Google.

Who is George Gilder?

George Gilder is a technology industry analyst who has been making predictions for over 40 years. He rose to prominence in 1982 with a book called Wealth and Poverty. That book caught the eye of President Reagan, who distributed it to every member of his cabinet.

Reagan was known for frequently citing passages from Wealth and Poverty, especially when justifying Reagan’s low-tax, supply-side approach to economic reform. The New York Times described the book as a “hymn to getting rich”. Others called it the “Bible” of the Reagan revolution.

In a recent interview, Forbes described Gilder as a “technology prophet” with a history of predicting the disruption of big tech.

After publishing Wealth and Poverty, Gilder turned his attention to technology, publishing books predicting the future of the tech space at a time when everything was changing. He published Microcosm (1989), Life After Television (1990), Telecosm (2000), The Silicon Eye (2006), and The Scandal of Money (2009).

In July 2018, Gilder released his latest book predicting the future of tech: Life After Google.

What is Life After Google?

Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy describes how the age of big data is coming to an end, giving rise to the age of blockchain.

The book describes how cryptocurrencies and blockchain companies are disrupting big technology companies like Google, which could significantly disrupt their business model in the coming years.

Google’s business is built on big data and machine intelligence. In Life After Google, George admits that Google’s period of dominance has “been an awesome era” but claims it’s “coming to an end”.

George describes how tech companies are deluding themselves with visions of a world controlled by artificial intelligence. They’re so wrapped up in artificial intelligence, in fact, that these companies have ignored security.

“Even as advances in artificial intelligence induce delusions of omnipotence and transcendence, Silicon Valley has pretty much given up on security. The Internet firewalls supposedly protecting all those passwords and personal information have proved hopelessly permeable.”

To solve this problem, companies will turn to something George calls the “cryptocosm”, the new architecture of blockchain and its derivatives.

“Enabling cryptocurrencies such as bitcoin and ether, NEO and Hashgraph, [the cryptocosm] will provide the Internet a secure global payments system, ending the aggregate-and-advertise Age of Google.”

The book is frequently in the #1 best-selling spot in Amazon’s crypto category. The Financial Times also picked Life After Google as a book of the month.

By signing up for The George Gilder Report, you get access to Life After Google for free.

What is The George Gilder Report?

The George Gilder Report is a monthly newsletter delivered to your inbox. The newsletter is focused on cryptocurrency and other megatrends, including the investment opportunities presented by these trends.

According to testimonials on the Gilder Internet Reboot sales page, one subscriber turned a $250,000 investment into $6 million by following Gilder’s advice.

What’s Included with The George Gilder Report?

By subscribing to The George Gilder Report today, you get access to a handful of bonus reports, including eBooks, online materials, and a video series.

Your subscription includes:

12 Issues of The George Gilder Report: This newsletter is delivered monthly, covering new trends in cryptocurrency, investing, and more.

Archived Copies of The George Gilder Report: Subscribers get access to every copy of The George Gilder Report ever released.

Convergence Video Series: Subscribers get access to four short, easy-to-follow videos explaining Gilder’s “convergence” theory of opportunity, which involves capitalizing on unique moments of history to create enormous wealth.

Q&A Sessions: George Gilder holds quarterly question and answer sessions where he answers questions from subscribers.

Gilder 360 Speaking Events: George Gilder claims to charge speaking fees as high as $100,000. As a subscriber, you get a special discount through the Gilder 360 program.

Bonus Report #1: The Truth About Artificial Intelligence: Most experts agree that AI is taking over the world and transforming into a $200 billion+ industry. Gilder presents an alternative view, claiming that conventional AI predictions “are dead wrong”.

Bonus Report #2: Our Robot Future: Gilder explains how to capitalize on a future that will be dominated by AI and robots, including the types of jobs that will be safe as things become increasingly automated.

Bonus Report #3: The True 5G Revolution: Gilder explains what 5G means for the stock market, including the stocks you can pick to capitalize on the rollout of 5G.

Three Daily Newsletters: Your subscription comes with three daily email newsletters, including Gilder’s Daily Prophecy, One Last Thing, and the 5 Minute Forecast.

The George Gilder Report Pricing

The George Gilder Report is priced at $19 per year, although discounts are available for two-year and lifetime subscriptions:

  • 1 Year Membership: $19
  • 2 Year Membership: $29
  • Lifetime Membership: $149

As a lifetime member, you gain access to various bonuses, including expedited customer service and exclusive reports.

The George Gilder Report Refund Policy

The George Gilder Report has a 90 day refund policy.

You can request a complete refund within 90 days of signing up for the report and receive your $19 back.

Final Word

The George Gilder Report is a subscription service offering alternative financial analysis. The newsletter is published online by George Gilder and his team.

Gilder has launched a new marketing campaign online called “Gilder’s Internet Reboot”. Gilder claims the world is preparing for a “$16.8 trillion reboot” as internet technology adapts to new realities.

The George Gilder Report is priced at $19 per year and includes a handful of bonus reports and other features. Visit the official website to learn more or signup today.

Get George Gilder’s Internet Reboot Report Today

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Author: Andrew Tuts

Chinese Central Bank Warns Against Crypto Trading Due to Market Manipulation, Bots

Bank of China, a Chinese central bank, is continuing with its anti-crypto campaign, this time the bank has issued a long post in its official WeChat account lashing on crypto exchanges. According to Cointelegraph, the post which was released on March 22 is titled “3.15 Protetion of Financial Consumption Rights and Interests”.

Through the post, the bank warns the crypto worshippers against crypto investment highlighting three major issues or concerns being witnessed on crypto exchanges.

According to the post, the top three Chinese crypto exchanges have registered a significantly higher turnover rate compared to foreign exchanges licenced to operate in China which raises eyebrows about bots committing fraud transactions.

The post also points out that crypto exchanges cause deliberate breakdowns or downtimes to force leveraged trading positions loss. As per the post, a large crypto exchange platform reported six system downtime in one year, where three were reportedly unexpected and occured due to unknown reasons.

The post also states that after a thorough analysis of withdrawal data from the crypto trading firms, the central bank found some evidence of suspected money laundering activities.

The post stated:

“First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.”

The post also cautioned the public that the saying that Bitcoin is a safe haven when it comes to investments, stating that this is false as the king coin is highly volatile and can lead to huge losses. The central bank urged the public to avoid following the crowd and keep away from any crypto investments.

The post comes at a time when the financial markets are experiencing tough times and people have been exploring the crypto space as an alternative to the traditional money markets. This post aims at stemming the increasing interest on cryptocurrencies in China despite massive crackdown on crypto-based businesses by government authorities.

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Author: Joseph Kibe

Crypto Community Donates Over 200 Books on Bitcoin in a Single Day to Educate Congress

Crypto Community Donates Over 200 Books on Bitcoin in a Single Day to Educate Congress
  • #BitcoinForCongress campaign is in full effect as in just over 24 hours 200 books on Bitcoin has made their way to the members of congress
  • The goal is to reach all 535 US legislators and educate them about Bitcoin

As part of ‘Bitcoin For Congress’ campaign, the crypto community has donated more than 200 books on Bitcoin to the Congress in just over 24 hours.

This campaign was started by enthusiast and the author of the children’s book “Bitcoin Money: A Tale of Bitville Discovering Good Money,” that goes by the moniker, The Bitcoin Rabbi on Twitter. His goal is to reach all 535 US legislators and educate them on the concept of Bitcoin.

On July 18, he took to Twitter to announce this campaign called ‘Bitcoin For Congress’ after the congressional hearings on Facebook Libra that extended to the cryptocurrency market.

#BitcoinForCongress

This week, US lawmakers grilled Facebook on its cryptocurrency project. Last week, Bitcoin took center stage when first the Fed Chairman Jerome Powell compared Bitcoin with gold calling it a store of value.

However, soon after the US President Donald Trump and Treasury Secretary chimed in but the remarks weren’t as good as Powell’s, at least until you analyze it deeply like the cryptocurrency community.

While Trump tweeted that he is not a fan of Bitcoin and cryptos, adding that Bitcoin is not money, is highly volatile and based on thin air, U.S. Treasury Secretary Steven Mnuchin said they are a “national security issue.” Both are concerned about cryptos use in

“illicit activities like cyber crime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking.”

“It is clear that the lawmakers in Washington need a lot more education about Bitcoin,” wrote The Bitcoin Rabbi.

Let’s Educate the Congress

Per this campaign, to participate, you have to pay $8 and The Bitcoin Rabbi will send a copy of “Bitcoin Money” to any congress member your choice on your behalf. The book will also involve a “respectful letter” to help explain Bitcoin. You can also order multiple books for multiple representatives.

As for why the children’s book, he says there are already great books and educators that have a “powerful effect” in DC, but they need a basic

“children’s level understanding of Bitcoin.”

“Lets flood Congress with Bitcoin education, one book at a time,” he added.

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Author: AnTy