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RESTRICT Act Proposes 20-Year Jail Term For US Citizens Accessing Banned Apps
Proposals included in the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act,” better known as the RESTRICT Act, and forwarded to the United States Congress, is worrying privacy advocates and users of digital technology, including those in crypto. RESTRICT Act Is A Threat To Crypto While the proposed bill could…
WeiterlesenBitcoin Reclaims $28,000 As BTC Balances On Exchanges Fall
Bitcoin has once again found its way above $28,000 despite the widespread uncertainty in the crypto market. This recent bullish move follows the news that Binance and its CEO Changpeng Zhao were being sued by the Commodities Futures Trading Commission (CFTC), which triggered large withdrawals from exchanges. $660 Million In Bitcoin Flow Out Of Centralized…
WeiterlesenVoyager Is Cashing Out Dollars From Selling Shiba Inu, ETH
As on-chain data shows, Voyager Digital has begun cashing out US dollars that have been flushed into the bankrupt crypto lender’s coffers through the sale of Shiba Inu (SHIB), Ether (ETH) and the Voyager Token (VGX). Last month, $610 million worth of USDC was sent to two different addresses belonging to Voyager. Of those, Voyager…
WeiterlesenSam Bankman-Fried Faces New Charge For Bribing Chinese Officials With $40 Million
FTX co-founder and former CEO, Sam Bankman-Fried, is facing yet another criminal charge, this time for allegedly bribing Chinese government officials with $40 million worth of cryptocurrency. According to federal prosecutors, this marks the 13th charge against Sam Bankman-Fried in a case that continues to draw attention from the cryptocurrency and financial industries. On Tuesday,…
WeiterlesenHow Davos Protocol Will Offer Users An Innovative Liquid Staking Solution
Davos Protocol is a low-risk, yield-generating, stable asset-driven DeFi ecosystem that addresses the issues of transparency, capital inefficiencies and increasing centralization currently prevalent in the stablecoin space. Recently, we caught up with Julian Hayward, co-founder and CBDO of Davos Protocol and asked him a few questions. Q: Can you tell us what it is staking,…
WeiterlesenEuropean Lawmakers Impose €1000 Limit On Unverified Crypto Users
While the European government is still working on its regulatory approach towards cryptocurrency regulation, a part of the body, which is the lawmakers, have earlier today published a new rule targeting crypto users with unverified identities. The law which has just been passed wasn’t solely aimed at crypto specifically but at the act of money…
WeiterlesenBitcoin Chain Data Says No Sign Of FUD Among Binance Users
Despite CFTC suing Binance, Bitcoin on-chain data has so far shown no signs of FUD developing among traders on the cryptocurrency exchange. Bitcoin On-Chain Metrics Related To Binance Are So Far All Normal Yesterday, news came out that the US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its CEO, Changpeng…
WeiterlesenYuga Labs‘ Otherside Metaverse Releases A 2D Strategy Game
The Bored Ape Yacht Club’s (BAYC) parent company Yuga Labs has released Legends of the Mara, a collection-based 2D strategy game with its companion collection. The game allows Otherdeed holders and players to claim a free Vessel and discover its potential. Introducing Legends of the Mara, a 2D experience with its own companion collection. Claim…
WeiterlesenBlockFi To Reimburse Over $100K To California Customers
BlockFi, a bankrupt crypto lender, has agreed to provide refunds totaling over $100,000 to its California customers who continued to repay loans despite a trading suspension on November 10th of last year. The Department of Financial Protection and Innovation (DFPI) of California revealed on Monday that BlockFi had authorized the distribution of $103,471 in refunds…
WeiterlesenUK Government Scraps NFT Launch Plan For Now
The UK government had unveiled its intention to introduce nonfungible tokens (NFTs) through the Royal Mint. This announcement was made last year in April. This announcement was accepted with great enthusiasm by the Chancellor at the time, Rishi Sunak, who has now assumed the role of Prime Minister. During the same period, the British government…
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