Pavel Durov breaks silence for first time since arrest

Altcoins see another week of rocky trading, while traders are viewing Bitcoin price dips as a buying opportunity, as seen from the fresh inflows into the spot Bitcoin ETFs.

Regulatory uncertainty and trust are major barriers to blockchain adoption among businesses, according to a study released August 27 by ‘Big Four’ auditing firm PricewaterhouseCoopers (PwC). A new study entitled “Blockchain is here. What’s your next move?” conducted by PwC examined 600 executives in 15 countries on their development of blockchain and opinions about its…

Bitcoin (BTC) price is slowly recovering, reaching $5,500, after last week’s Black Monday style market meltdown which led to Bitcoin price pulling back sharply as traditional markets suffered the third worst trading day ever. Monday’s correction was followed by major cryptocurrencies - Ether (ETH), XRP, and Bitcoin Cash (BCH) all losing 11.6%, 8.3%, and 4.2%,…

Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties. While the sum of fines could hardly get an entity like Kraken off balance, the future of…

The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”

Ohio funds will pour over $300 million into blockchain startups through 2021, Northeast Ohio daily news outlet Cleveland.com reported Dec. 3, quoting executives.Speaking at the ongoing Blockland Solutions conference, nonprofit JumpStart CEO Ray Leach announced that a total of seven funds were primed to invest $100 million in “early-stage startups that focus on using blockchain…

A building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today.The new owner of the building is Swiss real estate investment company BrickMarket. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building,. Those tokens are for sale to individuals who want…

Japan’s self-regulation “experiment” for the crypto industry is reportedly not working as well as intended, according to local government and industry experts. Since 2018, the Japan Virtual Currency Exchange Association (JVCEA), a self-regulation entity, has been tasked with creating guidelines for the country’s crypto industry, with arguments at the time that the entity could be…

The goal behind an overpriced buyout of the Swiss company was to get a proper European license. 87 Total views 1 Total shares According to the legal team of the FTX investors, trying to return their funds through court, a failed crypto exchange spent “nearly $400 million” to acquire Digital Assets DA AG (“DAAG”). Later…