Iceland’s crypto industry has promising future, but faces energy challenges

Characterizing his contemporaries as viewing the crypto sector as a “financial 9/11,” Congressman Ted Budd has warned lawmakers against driving blockchain innovation offshore. Representative Ted Budd of North Carolina, a member of the House Financial Services Committee and Congressional Blockchain Caucus, has urged lawmakers to embrace decentralized innovation.In what appears to be the first occasion…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not…

Tech giant IBM has launched a pilot for a blockchain-powered platform designed to streamline bank guarantee processIn a press release shared with Cointelegraph on July 3, IBM stated that the pilot was launched in partnership with four Australian financial services companies.The pilot — dubbed Lygon — is backed by IBM, the Australia and New Zealand…

Brave browser, developed by Mozilla co-founder Brendan Eich, has filed privacy complaints in Ireland and Britain against Google, Reuters reported September 13.Brave is an open-source blockchain-powered browser, which blocks ads and website trackers. The browser is designed to improve online privacy by sharing less personal data with advertising customers, yet targeting web ads by analyzing…

The Algorand Foundation has released an upgrade to its protocol to include more tools for decentralized applications (Dapps) and develop scalable blockchain-native solutions for real-world use cases.The company announced the development in a Nov. 21 press release, detailing that it added new capabilities directly into Layer-1, thus improving speed, scalability and finality. The new features…

Bitcoin (BTC) has been sustaining above $54,000 for the past few days but that has not resulted in euphoria among investors. Google Trends data shows that Bitcoin search interest has not picked up in recent days and is nearing one-year lows. Some analysts believe that this is a sign that only stronger hands are accumulating.A…

Craig Wright, the self-proclaimed Satoshi Nakamoto candidate and chief scientist at NChain, has addressed the recent allegations about him hacking the now-defunct exchange Mt. Gox. Last week, a lead maintainer of Monero (XMR) privacy coin Ricardo Spagni tweeted out court documents suggesting Craig Wright's affiliation with a Mt. Gox-related Bitcoin (BTC) wallet known as “1Feex”:"Just so…

During the bill’s review phase, the House of Lords agreed on certain amendments to clarify its intent of targeting monetary proceeds from fraud or other financial crimes. 307 Total views 3 Total shares A bill that aims to expand the ability of authorities in the United Kindom to target illicit cryptocurrency usage has been pushed