Coinbase faces $1B lawsuit over wBTC delisting
BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.
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MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says
Even a nominal investment from insurance firms and pension funds could be significant for Bitcoin. 1548 Total views 13 Total shares MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan.In an investor note on Dec. 11, JPMorgan strategists including Nikolaos…
Arbitrum to break up governance votes after community backlash
The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens. 226 Total views 1 Total shares Own this piece of history Collect this article as an NFTEthereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from…
Ransomware Gang Demands $42M or it Releases Trump’s ‘Dirty Laundry’
The ransomware gang responsible for stealing almost 1TB of legal secrets from celebrities and entertainers last week is now targeting the President. 1285 Total views 20 Total shares The ransomware gang that stole almost 1TB of legal secrets from the biggest names in the entertainment industry is now demanding $42 million in cryptocurrency or else…
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.
Bitcoin is of ‘national strategic importance’ says US Space Force officer
The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force.In a four-page letter to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a “monetary system”
UK passes bill to enable authorities to seize Bitcoin used for crime
Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023. 1470 Total views 6 Total shares Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.According to official data on the
First cross-chain governance proposal passes on Aave
"It's a major step forward in multi-chain governance systems," said the team at Aave. 219 Total views 28 Total shares On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave (AAVE). According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As…
Chinese Citizens Are Now Able to Inherit Cryptocurrency
China’s new civil code will include cryptocurrency such as Bitcoin to be part of the legal inheritance. 733 Total views 46 Total shares The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil…