Former Consensys employee launches new stablecoin amid regulatory uncertainty

Many students who participated in the 2014 MIT Bitcoin Project lament quickly selling their free BTC for textbooks, sushi, and beer. 2902 Total views 5 Total shares In October 2014, the Massachusetts Institute of Technology (MIT) launched the MIT Bitcoin Project, an initiative that sought to give away $500,000 worth of Bitcoin to its undergraduate…

“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote.

The Republic of Lithuania’s Ministry of Finance plans to release legal amendments for operating crypto-related businesses in the country, Riga-based newspaper The Baltic Times reports on April 8.According to the report, the Lithuanian finance ministry wants to bring more legal certainty to the operation of companies relating to cryptocurrency exchanges, crypto wallet operators, as well…

The bank is shutting down the SWIFT network as protests rocked the country. 1410 Total views 12 Total shares The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections.Aida Karabaeva, an official representative of the National Bank of the Kyrgyz Republic, announced…

Accredited investors can now invest in some of the world's most valuable nonfungible tokens and art collections through the Bitwise Blue-Chip NFT Index Fund. 504 Total views 15 Total shares In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new…

Japanese financial services firm Monex — the company behind crypto exchange Coincheck — announced that it will give Bitcoin (BTC) to its shareholders as a year-end benefit for 2019.According to an announcement on March 23, Monex plans to give to its shareholders 500 yen worth ($4.53) to those who hold the firm’s shares as of…

Bored Ape Yacht Club (BAYC) creators Yuga Labs has scored a key win in its long-running court battle with Ryder Ripps, the co-creator of copycat NFT project RR/BAYC. Yuga Labs initially filed a complaint against Ryder Ripps and co-founder Jeremy Cahen back in July 2022, alleging that the duo had engaged in trademark infringement, false…

Today the value of Tesla stock set a new record high at $1,027, bringing the market capitalization to $188 billion, and also surpassing the total market cap of Bitcoin (BTC), which hovers at $181 billion.While the value of Tesla stock and Bitcoin price are not interconnected, there is a symbolic comparison between the two as…

The scale of Bitcoin's (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode.The blockchain analytics firm reported that investors who have held Bitcoin for more than one year showed a lesser interest in liquidating their investments versus those who held the digital asset for 3-6…