Brazil to review Elon Musk’s X ban after $5M fine payment
Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request.
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Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives
Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures” in the Opportunity Zone program.The…
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Bank of Korea publishes book on central bank digital currency’s legal issues
South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. 1693 Total views 14 Total shares Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency…
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Judge rejects class certification in $400M Mt Gox fraud lawsuit
The move awards another victory to former Mt. Gox CEO Mark Karpeles. A federal judge has rejected a bid for class certification from clients of the defunct Japanese Bitcoin exchange Mt. Gox, which was forced into bankruptcy in 2014 following a major hack.Judge Gary Feinerman made the declaration in the U.S. District Court for the…
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Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study
According to the study, a blockchain’s “fullness” is directly related to its security. 176 Total views 3 Total shares Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against
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Traders flinch after Ethereum price rejects at $2,000
Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the "ultrasound money" dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16. Ether price index…
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Ethereum 2.0 Launch ‘Really Not So Far Away,’ Says Vitalik Buterin in Devcon4 Keynote
Ethereum co-founder Vitalik Buterin unveiled the roadmap for what he described as the “coherent whole” Ethereum 2.0 in a keynote presentation at the Devcon4 conference in Prague Oct. 31.Dubbed ‘Serenity,’ the project encompasses multiple projects Ethereum developers have been working on since 2014.“Ethereum 2.0 is [...] a combination of a bunch of different features that…
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Ripple Seems to Be Developing a Blockchain-Based Working Capital Loans Product
A recent job listing at blockchain-based payments firm Ripple indicates that it is working on a working capital loan product. The blockchain-based payment network Ripple recently added a job opening on its official website for a “Director of Product Management, Loans.”The description indicates that Ripple is working on a new loan product to help its…
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British Regulator FCA Prepares a Potential Ban of Crypto CFDs for Retail Investors
British financial watchdog, the Financial Conduct Authority (FCA), is preparing a potential ban on the sale of crypto derivatives to retail investors, according to an official document released on July 1.In the document, titled “Restricting contract for difference products sold to retail clients,” the FCA revealed that the regulator will soon publish a consultation paper…