Brazil lifts freeze on Starlink, X accounts after $3M fine payment
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
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Libertarian Think Tank Criticizes US SEC’s Approach to Crypto and Blockchain
John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, criticized the United States Securities and Exchange Commission’s (SEC) approach to regulating cryptocurrencies. Berlau delivered his comments in a report published on April 11.In a report called “Cryptocurrency and the SEC’s Limitless Power Grab: Why Speculative Consumer Goods Are Not ‘Securities,’” Berlau claimed…
Midas Investments close down amid $63M DeFi portfolio deficit
Midas CEO Iakov Levin said that after the Terra, FTX and Celsius collapse, users withdrew more than 60% of their assets under management. 323 Total views 14 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTCustodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in…
Crypto.com secures regulatory approvals from Maltese authorities
The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018. 361 Total views 1 Total shares Cryptocurrency exchange and debit card provider Crypto.com has scored major regulatory approvals from the Maltese government.According to a Nov. 24 announcement, the Malta Financial Services Authority, or MFSA, has granted Crypto.com two financial…
Algorand aims to convert network transaction fees into carbon offsets
The smart contract will automatically allocate part of the Algorand blockchain’s transaction fees to purchase carbon credits at the carbon offset marketplace ClimateTrade. 224 Total views 27 Total shares Proof-of-stake blockchain protocol Algorand will implement a smart contract that will automate the offsetting of the network’s carbon emissions.In a recent announcement, Algorand revealed that a…
Billions and Billions: How Brands Take Blockchain From Niche to Normal
Dapper Labs – the company behind CryptoKitties – has a simple mission. They want to introduce a billion people to blockchain.“The reason we decided to go for entertainment — specifically games — is because we felt that it’s just a much easier way to introduce folks to decentralization,” explains co-founder Mik Naayem. “Gamers are the…
What are Bitcoin mixers, and why do exchanges ban them?
One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector. In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable.Proof of this came earlier this week when on April 27, U.S. authorities arrested the mastermind of Bitcoin…
Ethereum price dragged down below $2K as US inflation hits highest level since 1991
Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network's first-ever burning mechanism.But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation was…
Altcoins see a 35% bounce after Bitcoin reclaims $43,000
The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at the market open.…