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Why do control freaks fear Bitcoin? Politico.com reported on cryptocurrency Bitcoin and stoked the fear of foreign interference in America’s elections. Host Austin Petersen was mentioned in the Politico piece for having received the national record for the single largest bitcoin donation in a federal race… but did Politico report that accurately? Nope!

Listen in to Petersen reading and responding to the piece with a bonus segment reading some of his favorite quotes about Thomas Jefferson.

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Meet the hosts

Austin Petersen is the chief executive officer of Stonegait LLC, a for-profit consulting firm specializing in photo and video services. Stonegait also provides social media advice, political campaign expertise and grassroots organizing strategies to candidates for office or to brands looking for more exposure. Petersen is the editor in chief of The Libertarian Republic news magazine, one of the most read political news sites in the United States. He also hosts The Freedom Report podcast, which has 30,000 daily listeners. Petersen is the former Director of Production at FreedomWorks and was an Associate Producer for Judge Andrew Napolitano’s show, “Freedom Watch” on the Fox Business Network. Petersen built Judge Napolitano’s social networks boasting over 600,000 fans and millions of clicks a month. His work has appeared in Getty, Reuters, the LA Times, NBC and Time Magazine. He is also a frequent contributor on television appearing on Russia Today and on dozens of local radio shows. Austin grew up on a farm in the Midwest in a town called Peculiar, Missouri. Graduating from Missouri State University with a degree in the Fine Arts, Petersen moved to New York City after graduation to a pursue a career in media.

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  • This is the one I use http://preev.com just because t is simple and tells you what you need to know

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  • As of writing this article Bitcoin was trading at $10.677.1 United States dollars (USD) and was going and upward and positive growth of 2.71 percent. The market cap of the coin was $190.40 billion United States dollars (USD) and the market supply of the coin was 17.83 million. Bitcoin (BTC) has shown massive improvement and the reason behind this is the launch of Bakkt. Here is what the Bakkt announced in its official blog: “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures.” Bakkt’s launch was pending since the beginning of 2019 because of a glitch it was facing by the United States Commodity Futures Trading Commission [CFTC] which was reluctant in giving Bakkt a free go. Now that the green signal is received Bakkt is all set to launch on September 23rd. The largest digital currency Bitcoin (BTC) has got a massive boost because of the digital currency and it will help the coin in the further mass adoption, usage and application. Companies are always reluctant in using digital currencies as a way of payment and transfer because they are concerned with the security issues involved in digital currencies. Now since Bakkt has adopted Bitcoin the coin is going to get a sense of security and trust that is much needed for it as well as other digital currencies in the crypto market. The crypto community is quite thrilled after the announcement. The crypto world needs acceptance and it has got a much needed slight push.

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  • International revenue service which is located in the united states has started sending certain warning letters to the owners of crypto-currency. The subject matter of such letters demand the cleaning of the debts from the insolvent owners and pay the fine if let any. It was discovered that in a news bulletin, the IRS has made confessions regarding the sending of letters which they call “educational letters”. To be in accordance with this statement, there are three variations in this letter. They have also said that such letters have been sent to over thousands of taxpayers and they will have such letters sent to many more by the end of this month, hoping that the taxpayers would be taking the letters seriously else would have to suffer severe penalties. To quote IRS Commissioner, “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.” It has been unearthed by IRS that there are many who own crypto-currencies and are involved in businesses but skive paying the tax on time. They have now decided to act upon this seriously and etch out all the payments that are yet to be done by the crypto owners. They have formulated some strict guidance they say so that all the payments are done on time from the next time, avoiding problems and confusions later. Anyone failing to adhere to such guidelines would be penalized immediately. It has been making the same efforts since the year 2014. Their clients are of the opinion that they fail to update the list of guidelines. However, this time, they have done it, unfailingly. A writer of the popular magazine Forbes named Lawyer Tyson Cross has also written about such guidelines of IRS in Forbes, at length. There are many other clients who have reported of the same reception of such letters.

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  • Facebook recently made an announcement regarding the launch of its own digital currency called Libra. Do you know the zodiac sign “Libra” is ruled by which planet? (in astrology) The answer is “Venus” and that’s the name of the digital currency which is going to be launched by the world’s largest cryptocurrency exchange Binance. Binance already the largest cryptocurrency exchange in the world is going to dominate the digital currencies market with the launch of its own cryptocurrency Venus. Yi He, the co-founder of Binance addressed a media conference and made the announcement. Here is what she said: “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” She added: “We hope to achieve a vision, that is, to reshape the world financial system, allow countries to have more tangible financial services and infrastructures, protect their financial security and increase the economic efficiency of countries.” Venus is going to be an open blockchain with the wide range of applications and it is expected to be quite versatile far as its usage is concerned. When Facebook made a similar announcement it came under the scanner for its financial and economic impact. Many Governments and Central Banks started being skeptical about the impact it will have on the various currencies and on the economy and financial systems as a whole and Venus will have to face some challenges now that it is going to step in the market after the announcement.

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  • One of the most well-known as well as one of its kind platform, Shanghai Wine and Liquor BlockchainAlliance, which was launched in 2018 has once again been in the news. Since there is no denial in the fact that this alliance has undoubtedly ended up enhancing the logistics as well as quality standards for the growing industry. This has also flourished as the middle-class Chinese consumers have gradually started developing a taste for the supple intoxicant. However, the concerning part is the counterfeiting part has equally grown along with the consumption. As per the reports, 65,000 counterfeit Penfolds bottles were seized by the Chinese authorities. COMBATING ILLICIT CHINESE WINE TRADE Well, this unethical Chinese wine trade undoubtedly needed strict action. Therefore, in order to fight with this illicit trade, one of the most renowned importers in the region, Shanghai Waigaoqiao Direct Imported Goods Co (D.I.G.) shook hands with VeChainThor. Together they ended up building a sophisticated as well as effective luxury wine authenticating system. HOW DOES IT AUTHENTICATE? Truth be told, this is indeed a really effective way to authenticate as the chances of illicit wine trade is minimized to a large extent. As per this authenticating technology, the blockchain-strapped bottles are equipped with NFC, i.e., Near-Field Communication chip. This is included so that the vintage’s provenance is tracked with better accuracy. Moreover, the entire process of authentication is even more trustworthy as the entire traceability program is overseen by two governmental bodies as well as the data included in the blockchain is independently verified by auditors like DNV GL. RAY OF HOPE One can never deny the fact that the sales, at one point of time, hit its lowest because of the illicit trades. However, situations are a bit less complex now as D.I.G mentions in a report that there is an overall increase of 10% in sales for vintages tracked by the authenticating program. Therefore since its launch, it has been a bright ray of hope for the market. News Source: TheCoinRepublic

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