Usual Protocol to activate ‘revenue switch’ after USD0++ depegs

"More crypto companies are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws," said Caitlin Long. 4330 Total views 28 Total shares Blockchain-based payments firm Ripple Labs has now registered a business in Wyoming.According to records from the Wyoming Secretary of State, Ripple Markets WY LLC’s status as a local business…

The United States looks to avoid a catastrophic debt default after the White House and the House Republicans agreed upon a tentative deal on May 27. The U.S. equities markets rallied in anticipation of the deal on May 26 and the positive sentiment has rubbed off onto the cryptocurrency sector, which is attempting a recovery.Buying…

On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback.The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and…

The soon-to-be top executive at Amazon has released blockchain products in the past. 5113 Total views 19 Total shares Amazon has announced today that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Web Services CEO Andy Jassy — who oversaw Amazon’s crypto product offerings — will replace him. In his…

Famous American economist and Nobel Prize winner Joseph Stiglitz has reiterated his negative stance on cryptocurrencies in a CNBC video released on May 6.“I actually think we should shut down the cryptocurrencies,” Stiglitz declared in the video, pointing out his opinion of the major deficiencies of the digital currencies like bitcoin (BTC).According to Stiglitz, crypto…

The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals. 751 Total views 5 Total shares The Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH).Bitcoin Suisse, a local crypto broker that enabled the new opportunity…

A Redditor described the developer’s gambling addiction excuse as a “weird way to rug,” as projects usually just run away and delete all the evidence. According to a Reddit post, a developer has posted an unusual farewell note, apologizing and blaming his online gambling woes after leaving a project in shambles, turning a $2 million…

Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals. 130 Total views 3 Total shares Sam Bankman-Fried’s legal team is looking for permission to probe the alleged involvement of FTX lawyers in the issuance of $200 million worth of loans from Alameda that were approved