Coinbase Argues an Arbitration Case in U.S. Supreme Court as Crypto Makes Its Debut
In Tuesday’s case, Coinbase Inc. v. Bielski, customer Abraham Bielski had initially accused Coinbase of lax protections when a scammer stole $31,000 from his account. A court found that he could go ahead and pursue that complaint in the courts, which Coinbase appealed. When the matter kept moving in court, the company argued its appeal should have stopped it.
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Inter-American Development Bank to Pilot Land Registries on Blockchain
news After years of talking about it, the Inter-American Development Bank is for the first time testing out a blockchain for land registries. Next month, the global organization will embark on a two-year project to put land registration and lending in three Latin American countries on a blockchain. The IADB, the largest source of development financing…

Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software
Bitcoin miner Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, up 77% from previous month with the help of its proprietary software.“The increased production was due to an increased hash rate and a significant increase in transaction fees, which accounted for approximately 11.8% of the total bitcoin we earned in the last month," CEO…

Crypto Tax Guidance Could Come ‘in 12-ish Months,’ Says IRS Official
Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAXAUSTIN, Texas — The U.S. Internal Revenue Service hopes to issue crypto tax guidance ready "in…

China’s Uber, DiDi, to Trial PBoC’s Central Bank Digital Currency
Jul 8, 2020 at 06:58 UTCUpdated Jul 8, 2020 at 07:07 UTCDidi station image (Credit: Zhu Difeng/Shutterstock)China’s Uber, DiDi, to Trial PBoC’s Central Bank Digital CurrencyDiDi, the Chinese equivalent of Uber, is forming a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform. A spokesperson…

PewDiePie Helps Blockchain Video Streaming Platform to 67% Hike in Users
news Blockchain-based live streaming service DLive has seen a 67 percent growth in its user base since PewDiePie, one of the world’s most popular YouTubers by subscriber numbers, joined the platform in April. DLive now has more than 5 million monthly active users and over 70,000 streamers, Nikkei Asian Review reported Monday. The platform reportedly…

A New Bill Proposes to Put US Crypto Exchanges Under a National Framework
Sep 24, 2020 at 16:00 UTCUpdated Sep 24, 2020 at 16:28 UTCU.S. Rep. Mike Conaway is introducing a bill that would bring digital assets and crypto exchanges under a single federal umbrella overseen by the CFTC. (Alex Edelman/Getty Images)A New Bill Proposes to Put US Crypto Exchanges Under a National FrameworkA new bill could bring…

$1 Billion Blockchain Fund Founders Plan Japanese Yen Stablecoin
Founding partners of the $1 billion blockchain fund backed by the government of the Chinese city of Hangzhou are planning to roll out a Japanese yen-pegged stablecoin. Yao Yongjie, one of the founding partners of the Xiong'An (Grandshores) Blockchain Fund, said the work has already started on the project and that the team hopes to…

Ethereum Staking Needs Its (Honest) LIBOR
Christopher R. Perkins serves as managing partner and president of CoinFund, a registered investment adviser with venture and liquid strategies.In any industry, standardization drives scale. Ethereum’s transition last year to proof of stake (PoS) unlocked an exciting opportunity to create a benchmark that tracks staking yields, which could serve as the basis for financial products…