3LAU introduces blockchain music platform Royal with $16M raise

Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that the crypto industry is headed toward a greener future, some academic researchers have noted that mining BTC consumes more power than that of small countries. While these arguments are still hotly debated,…

Russia has postponed the adoption of crypto legislation due to a requirement from the Financial Action Task Force on Money Laundering (FATF), local news agency TASS reports on May 21.According to the report, the FATF has recently ordered Russian lawmakers to expand the terminology of the federal bill on the regulation of crypto assets, requiring…

The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market. 

French insurance markets can now invest in cryptocurrencies, following the passage of a new law, foreign exchange news agency FXStreet reports April 11.On April 11, the National Assembly of France adopted a bill that is designed to stimulate local business development, including redirecting savings from individuals to businesses, according to local news agency Les Echos.…

Lightning Labs, the developer of the high-speed transaction protocol Lightning Network (LN), has secured $10 million in Series A funding round.The news was announced by Lightning Labs CEO and co-founder, Elizabeth Stark, in a blog post on Feb. 5. The company plans to allocate the raised funds to further development of the Lightning payments technology…

Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. 1866 Total views 50 Total shares Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology,…

The accounts had over 8 million in combined followers before they were removed. 100 Total views 5 Total shares Sina Weibo, one of the most popular Chinese social media apps with over 258 million daily active users, has removed 80 influencer accounts promoting cryptocurrency activities citing official legislation.According to the Sept. 5 announcement, 80 crypto

In cryptoland, the fall tends to be regulators’ open season. As unprecedented as it’s been, 2020 is no exception to this trend. Tensions are high on both sides of the Atlantic: As markets were still processing the news of the United States Commodity Futures Trading Commission cracking down on derivatives exchange platform BitMEX, the Financial…

Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024. El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office to campaign.On Dec. 1