Terraform Labs bankruptcy reorganization hearing set for September

Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future. 1752 Total views 13 Total shares Billionaire hedge fund manager Stanley Druckenmiller has forecast the possibility of a crypto-derived ledger system overtaking the U.S. dollar as a global reserve currency. The hedge…

Major United States cryptocurrency exchange Kraken has decided to delist bitcoin (BTC) offshoot bitcoin SV (BSV), the firm announced on April 16.In an official press release, Kraken said that BSV had “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” As such, the exchange has decided to…

Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system. 2443 Total views 18 Total shares A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA…

KuCoin users were unaffected by the $285 million hack of 2020 as insurance funds covered the remaining losses from the incident. 1489 Total views 7 Total shares KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known as…

Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira's falling value. 2783 Total views 12 Total shares Turkey's President Recep Tayyip Erdoğan has reportedly confirmed the completion of a crypto law draft that will soon be shared with the Parliament for mainstream implementation in the country.In…

SynBiotic SE cites "legitimate concern" about a "massive devaluation of fiat money." 1732 Total views 12 Total shares SynBiotic SE, a German cannabis company, has announced that it is following the lead of companies like MicroStrategy and Tesla in shifting part of its liquid cash holdings into Bitcoin (BTC).In a Feb. 16 update on its…

A special representative of the Russian president said that the country is not yet ready for the circulation and issuance of cryptocurrencies, according to local news agency RIA Monday, September 10.The president’s Special Representative on digital and technological development Dmitry Peskov explained his view on the state of digital assets in an interview with RIA:“From…