Australian regulator claims win over Kraken’s Bit Trade in federal court
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.
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Consumer Federation of California reattempts to regulate crypto companies
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation. 112 Total views 31 Total shares Own this piece of history Collect this article as an NFTThe Consumer Federation of California (CFC), a nonprofit advocacy organization working for consumer rights, sponsored a bill that seeks to…
‘Crypto Tsar’ needed to ensure coordinated approach in the UK: EU lawmakers
APPG Chair Lisa Cameron emphasized the report's significance in securing the UK's leadership in the crypto sector and safeguarding consumers. A lawmaker group in the United Kingdom has published its recommendations to the government for the crypto and digital asset space. The list of recommendations includes the appointment of an official who will ensure a…
SEC’s ‘Crypto Mom’ warns selling fractionalized NFTs could break the law
Fractionalized NFTs and baskets of non-fungible tokens could easily be considered investment contracts under U.S. securities law, warns SEC Commissioner, Hester Peirce. 403 Total views 10 Total shares Speaking at Draper Goren Holm’s Security Token Summit on March 25, SEC commissioner Hester Peirce, also known as “Crypto Mom” warned the issuers of fractionalized non-fungible tokens…
Discovering product-market fit and dynamic use cases for crypto
Product-market fit (PMF) refers to discovering how a product satisfies demand in the market. This can range from diverse to very niche use cases. Discovering how early adopters can utilize an emerging product is essential to discovering growth opportunities. Sometimes fit is not found, but that’s okay as you can then gauge other opportunities to…
Donald Trump uses Bitcoin to buy burgers at NYC bar
Pubkey, a Bitcoin bar in New York City, hosted the former US President and 2024 Republican nominee for a campaign stop on Sept. 18.
BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years
The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer. 78 Total views 2 Total shares Inc. magazine has named BlockFi the fastest growing company in the United States in 2022. At the top of…
Walmart Files Patent for Blockchain-Based Drone Communication System
American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology. Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently…
Chrono Tech Launches Australian Dollar Stablecoin in Spite of ‘Big Four’ Banks
Australian blockchain firm, Chrono Tech, has been experiencing difficulties securing a banking partner amid the launch of an Australian dollar (AUD)-pegged stablecoin earlier this month.The AUD Token (AUDT), available on Chrono Tech’s platform, can be redeemed 1:1 for Australian dollars held by a licensed Australian bank. However, as Chrono Tech’s CEO, Sergei Sergienko, reveals, securing…