In a historical first for the Lightning network, Synonym, a Bitcoin-powered service provider, demonstrated the first Tether (USDT) transaction in a Lightning channel. This was the first time a mainnet stablecoin was bridged to Lightning. The transaction was performed using Omni, a platform for creating custom digital assets on the
On March 17th, the U.S. Senate Banking Committee held a hearing titled “Understanding the Role of Digital Assets in Illicit Finance,” which covered a broad range of topics. Issues such as how Russia could use digital assets to avoid sanctions and whether or not they should be allowed to,
Citizens School, an educational institution in the UAE, will accept Bitcoin and Ethereum as a form of payment for tuition starting in September 2022. The school decided to adopt Bitcoin and Ethereum payment rails to aid parents by providing flexible payment options. The payment processor the school will use automatically
Citizens School, an educational institution in the UAE, will accept Bitcoin and Ethereum as a form of payment for tuition starting in September 2022. The school decided to adopt Bitcoin and Ethereum payment rails to aid parents by providing flexible payment options. The payment processor the school will use automatically
In a historical first for the Lightning network, Synonym, a Bitcoin-powered service provider, demonstrated the first Tether (USDT) transaction in a Lightning channel. This was the first time a mainnet stablecoin was bridged to Lightning. The transaction was performed using Omni, a platform for creating custom digital assets on the
On March 17th, the U.S. Senate Banking Committee held a hearing titled “Understanding the Role of Digital Assets in Illicit Finance,” which covered a broad range of topics. Issues such as how Russia could use digital assets to avoid sanctions and whether or not they should be allowed to,
A complicated, new crypto tax policy has recently been introduced in India. These new tax policies regarding virtual digital assets will prevent traders from offsetting their losses from trading one digital asset against the profits made with another.
The new policy will likely incentivize traders to pick one virtual asset
On March 17th, 2022 Senator Elizabeth Warren (D-MA) and a number of her other colleagues introduced the Digital Asset Sanctions Compliance Enhancement Act of 2022. This bill is meant to prevent Russian persons (wealthy oligarchs and banks) from maneuvering around established sanctions with Bitcoin and other cryptocurrencies.
While presenting the
On March 16th, 2022, Congressman Tom Emmer (R-MN) and seven other Congress Members sent a formal letter to the Securities and Exchange Commission and Gary Gensler (SEC chair) regarding their investigations on Bitcoin and cryptocurrency companies.
Emmer tweeted a thread stating that his office received word from a number of
Ukrainian President, Volodymyr Zelenskyy's latest war-time efforts have extended in crypto regulations. This morning, Zelenskyy signed into law a sweeping framework for Ukraine to operate a regulated crypto market.
The law greenlights Ukraine’s National Securities and Stock Market Commission to determine the country’s policies on digital
The United States Virginia Senate recently approved a bill amendment that will allow certain banks to offer custody services for bitcoin and other digital assets. However, in order to offer digital services, banks must meet a total of 26 predetermined protocols.
Bill 263 and Bank Protocols
The amendment came from
