Calls for harsher regulations around cryptocurrencies and digital assets will likely grow louder in the aftermath of FTX’s collapse — something former United States presidential candidate Andrew Yang said isn’t conducive to making America a hotbed for blockchain innovation. Speaking at the Texas Blockchain Summit in Austin on Nov. 18, Yang acknowledged that the bankruptcy of FTX and sister company Alameda Research would make common sense crypto regulation harder to pass in the short term. “I've always been in the camp that some intelligent regulation is a good thing. I think it would help the industry mature and make it …

The third quarter earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its Bitcoin (BTC) portfolio despite poor crypto market conditions. The world's largest publicly traded corporate Bitcoin owner confirmed it still owns 130,000 BTC at the end of Q3 2022. That amount represents 0.62% of all Bitcoin that will ever be owned, which it says was acquired for a total cost of around $4 billion, or $30,639 per BTC. The company reported on Nov. 1 impairment charges for the quarter of $727,000, far less than the …

Although cryptocurrency may still be misunderstood on Capitol Hill, crypto is becoming more political as its influence gains traction. For instance, lobbying by those involved in the cryptocurrency industry has reached new heights. A report from the nonprofit consumer advocacy group Public Citizen found that the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in 2021. The report further indicated that the number of representatives within the cryptocurrency industry increased from 47 to 157 during that time period. The United States midterm elections — set to take place on November 8, 2022 — are further …

Lobbying by the cryptocurrency industry and crypto proponents is booming in the U.S. Congress. According to a report released Tuesday by Public Citizen, the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in 2021, with the number of representatives of the cryptocurrency industry itself jumping from 47 to 157 in that time. In February, that chorus was joined by the somewhat unorthodox Lobby3, “a project to fund effective policy advocacy and educate lawmakers about the positive potential of Web3” that is the brainchild of former U.S. presidential and New York City mayoral candidate Andrew Yang. …

Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.” The former presidential candidate made the comment in a tweet earlier today which drew a flurry of mixed reactions, with some proclaiming it to be a campaign-selling maneuver and others equating it to political suicide. The most unifying reaction, however, was the demand that Yang use his powers, if elected, to end the BitLicense, enacted by the New York Department of …

A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its tokens. According to a Wednesday announcement, the universal basic income, or UBI, project from GoodDollar has reached more than 40,000 people from 180 countries since it launched in September. The project reported that more than half of the participants were claiming its reserve-based token, G$, every day. 14 million tokens have been claimed so far. The project mints its G$ tokens through interest generated by third-party permissionless protocols from …

President-elect Joe Biden is reportedly considering crypto-friendly Andrew Yang as his future Secretary of Commerce. According to a CNN report “based on conversations with Biden allies and advisers and Democrats with knowledge of the matter,” the president-elect may be tapping Yang, a former presidential candidate and entrepreneur, for a position in his cabinet. Many considered Yang to be one of the most pro-crypto presidential candidates. He said that he wanted to implement blockchain-based mobile voting and outlined plans to regulate the cryptocurrency industry. The former presidential candidate is most well-known for his signature campaign promise to deliver $1,000 a month …

Known in the crypto industry for his comments on the burgeoning asset class, former presidential candidate Andrew Yang's name does not appear on the DNC's latest speaker list, according to an article from USA Today. Released on Aug. 10, the current DNC speaker list includes Bernie Sanders and Pete Buttigieg, among others, USA Today said. "I’ve got to be honest I kind of expected to speak," Yang said in an Aug. 11 tweet. "Maybe I endorsed against one too many incumbents," he added in a following Twitter post. Congressman Ted Lieu followed up on the social media platform, expressing his …

Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts to establish universal basic income (UBI) for Americans. Dorsey announced the plan on Yang’s podcast, Yang Speaks, on May 21, while discussing the future of technology. Dorsey told Yang that UBI was “long overdue,” saying “the only way that we can change policy is by experimenting and showing case studies of why this works.” In a statement to Rolling Stone, Yang said Humanity Forward would use Dorsey’s donation …

Former presidential candidate and known cryptocurrency proponent Andrew Yang has announced a new initiative to protect privacy online. After ending his presidential bid last month, Yang has announced the creation of new nonprofit organization called Humanity Forward. It aims to “rewrite the rules” of economy and society with a focus on data privacy. Announcing the news in a March 5 tweet, Yang outlined that the group is building a human-centered America, calling for donations to support the movement. Despite Yang previously accepting donations within his presidential campaign in cryptocurrencies like Bitcoin (BTC), Humanity Forward doesn’t support donations in crypto as …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drop nets Bitfinex “whale” $10 million in five minutes Bitcoin’s struggle to maintain $10,000 has been an ongoing theme this week. The world’s biggest cryptocurrency was surging toward $10,500 on Thursday, but faced rejection at this level and dropped suddenly by over $300. It was the second time in a week that BTC …

“See you back in New York,” Andrew Yang said as he ended his campaign for US president. Cryptocurrency holders saw an ally in 2020 presidential hopeful Andrew Yang, so the news that he was suspending his campaign on Feb. 11 came as a major disappointment. As one of the outspoken candidates on blockchain and crypto, Yang outlined his plans for the cryptocurrency industry and discussed implementing blockchain-based mobile voting for the upcoming election. One of the political action committees (PAC) supporting Yang even allowed donations in Bitcoin. Yang’s progressive ideas when it came to universal basic income drove his campaign …