Ledger key recovery service paused amid backlash, will open-source code
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US State of Connecticut Introduces Bill to Authorize Smart Contract Use in Commerce
A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7.The Commerce Committee of the Connecticut General Assembly (CGA) has introduced House Bill 7310, suggesting that blockchain-powered smart contracts may be used in commerce conducted or initiated…
Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi
Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11.Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support the development of blockchain-based distributed ledgers.The new members were announced at the Hyperledger…
MIAX completes acquisition of FTX subsidiary LedgerX
The deal was announced in April and approved by the bankruptcy judge on May 4. 64 Total views 2 Total shares The Miami International Securities Exchange (MIAX), owned by Miami International Holdings, has completed the acquisition of LedgerX, which was one of the FTX assets court-approved for sale in January. LedgerX is an exchange and clearinghouse…
Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey
Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of…
Crypto Assets to Be Regulated Differently in the US, Potential Impact on Industry
The United States government could regulate crypto assets and tokens differently than stocks and traditional assets by altering the existing regulatory framework on securities.On Dec. 22, CNBC reported that two congressmen — Warren Davidson and Darren Solo — have introduced a bipartisan bill entitled “Token Taxonomy Act,” in an effort to prevent over-regulation in the…
Traditional Stock Market Valuation Techniques Reveal Overvalued DeFi Projects
While it is difficult to define the intrinsic value of most cryptocurrencies, decentralized finance, or DeFi, tokens appear to be an important exception.As explained by Lucas Campbell, analyst at Fitzner Blockchain Consulting, in his Bankless blog entry, many decentralized finance protocols can be considered products with well-defined revenue streams.For example, Maker (MKR) makes money through…
LocalBitcoins Seller Charged After Undercover ‘Human Trafficking’ Sting
A Washington state resident has been charged with money laundering after selling Bitcoin for $140,000 in cash to undercover agents.Bothell’s Kenneth Warren Rhule, 26, met with agents from Homeland Security Investigations on numerous occasions between April to December 2018, often in Seattle-area Starbucks cafes.According to the unsealed complaint Rhule — who traded on localbitcoins.com under…
Ren protocol warns users to unwrap tokens or risk losses as upgrade looms
The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days. 615 Total views 35 Total shares Own this piece of crypto history Collect this article as NFTThe developers of bridging platform Ren protocol have warned users to unwrap their tokens and bridge them back to their native chains “ASAP,”…