With its initial launch, Layer 2 Labs hopes to scale and develop drivechains for the Bitcoin Network. Upon its debut, the company was able to successfully raise $3 million in funding. Layer 2 Labs co-founder and CEO Paul Sztorc stated that the company’s mission is to “make everyone in

The Bank for International Settlements’ (BIS) Basel Committee on Banking Supervision recently released a proposed policy that would set a 2% limit on the amount of banks’ Tier 1 capital held in Bitcoin and cryptocurrencies.  The policy has the support of the Basel Committee’s supervisory body, the Group of

The “Digital Asset Anti-Money Laundering Act of 2022” was just introduced by Senators Elizabeth Warren (D-Mass) and Roger Marshall (R-Kan) and would significantly affect the privacy of Bitcoin and cryptocurrency users. https://twitter.com/SenWarren/status/1603033907968049154 If passed, the measure will mandate the implementation of know-your-customer (KYC) systems for

The Tokyo Electric Power Company (TEPCO) Power Grid is collaborating with a local semiconductor designer and developer, TRIPLE-1, in order to mine Bitcoin using excess energy around the country.  The Fukushima nuclear plant, which was operated by TEPCO, was damaged in 2011 by an enormous tsunami and earthquake that destroyed