CZ and Binance face new lawsuit for alleged laundering of stolen crypto
One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial.
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Former US Congressman Calls for Nuanced Cryptocurrency Regulations
Former United States Representative Harold J. Ford has argued that Congress should have a nuanced approach to regulating cryptocurrencies.In an article published on CNBC on Sept. 5, Ford said that lawmakers and regulators should develop clear regulations toward digital currencies. He noted a comment from Chris Larsen, the executive chairman and co-founder of blockchain startup…
Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer
While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours — all due to the news of Elon Musk’s Tesla allocating $1.5 billion of its balance sheet…
NFT court orders could become a norm in crypto-related litigation: Lawyers
Despite whether the defendant sees the court notice, getting served by NFT ‘limits what the defendant’ can do with the funds according to legal experts. 462 Total views 3 Total shares Own this piece of history Collect this article as an NFTNon-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based…
Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin
Buterin still believes that “the internet of money should not cost more than 5 cents per transaction” and highlighted Ethereum’s continued efforts to improve the blockchain’s scalability capabilities. 1363 Total views 28 Total shares Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being…
Fed expects near 0% interest rates for years, potentially boosting BTC’s value proposition
Bitcoin keeps looking better and better each time the U.S. devalues its own currency. The U.S. Federal Reserve's game plan going forward includes short-term interest levels between 0% and 0.25%, as decided by Fed brass in a Sept. 15 and 16 gathering. The independent body plans to maintain low interest rates in order to increase inflation,…
India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts
Among industry participants and investors, India is emerging as a market to watch for following the overturn of a crypto ban that was placed by the Reserve Bank of India back in April 2018. The prominent investors looking to get a piece of India’s nascent crypto space include Tim Draper, a billionaire investor who obtained…
Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins
United Kingdom-based cryptocurrency payment processor Wirex partnered with Stellar (XLM), the company announced in a press release on their website on April 24.Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) that allows crypto users to spend their cryptocurrencies with a dedicated Visa card, with a new total of nine digital token…
Stellar Patched an Inflation Bug and Burned the Resulting 2.25 Billion XLM: Research
Cryptocurrency intelligence company Messari has claimed that Stellar (XLM) suffered an inflation bug in April 2017 that was exploited to create 2.25 billion XLM (worth about $10 million at the time), which were later burned. The news was revealed in a Messari report published on March 27.Per the report, the illicitly created XLM — which…