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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
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
News • Bitcoin • Dec 20, 2022With 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
News • Bitcoin • Dec 20, 2022The 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
News • Bitcoin • Dec 16, 2022The “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
News • Bitcoin • Dec 14, 2022The 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
News • Bitcoin • Dec 14, 2022An oversubscribed investment round headed by ego death capital and Entrée Capital helped Breez, a Lightning Network solution service provider, raise $4.5 million. Hivemind Ventures, Fulgur Ventures, Hawk Digital Innovation, and Bitcoiner Ventures are a few additional industry funds involved with raising capital for this round. Breez CEO Roy
News • Bitcoin • Dec 13, 2022According to sources, Sam Bankman-Fried’s cryptocurrency trading firm, Alameda Research, has been secretly funding The Block for more than a year. The media outlet claims to cover cryptocurrency news independently. According to those knowledgeable of the situation, one $16 million payment was made by Alameda to be used in
News • Business • Dec 09, 2022A little over one year after the President of El Salvador, Nayib Bukele, made the historic move to adopt Bitcoin as legal tender, thousands flocked to the country for the second annual Adopting Bitcoin conference. With over 1,000 conference attendees, Adopting Bitcoin was an opportunity for many westerners who
News • Bitcoin • Dec 08, 2022