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Craig Wright Loses Bitcoin Copyright Claim in UK Court
Craig Wright Loses Bitcoin Copyright Claim in UK Court
News  •  Bitcoin  •  Feb 08, 2023 by Deniz Saat

According to a UK court, Craig Wright cannot assert any copyright claims regarding Bitcoin’s code.  Wright was unable to provide evidence of what is known as “fixation,” in order to support his claim that the formatting of Bitcoin blocks is his intellectual property. Fixation describes the capacity to present

Australia Unveils New Plan To Regulate Bitcoin and Crypto
Australia Unveils New Plan To Regulate Bitcoin and Crypto
News  •  Bitcoin  •  Feb 03, 2023 by Adan Kohnhorst

Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit. In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto. “The multi‑

Circle Reports Paxos to NYDFS Claiming Binance’s Stablecoin Reserves Are Not Fully Backed
Circle Reports Paxos to NYDFS Claiming Binance’s Stablecoin Reserves Are Not Fully Backed

The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm. In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially

News  •  Politics  •  Feb 13, 2023
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Circle Reports Paxos to NYDFS Claiming Binance’s Stablecoin Reserves Are Not Fully Backed
Circle Reports Paxos to NYDFS Claiming Binance’s Stablecoin Reserves Are Not Fully Backed

The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm. In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially

News  •  Politics  •  Feb 13, 2023
Craig Wright Loses Bitcoin Copyright Claim in UK Court
Craig Wright Loses Bitcoin Copyright Claim in UK Court

According to a UK court, Craig Wright cannot assert any copyright claims regarding Bitcoin’s code.  Wright was unable to provide evidence of what is known as “fixation,” in order to support his claim that the formatting of Bitcoin blocks is his intellectual property. Fixation describes the capacity to present

News  •  Bitcoin  •  Feb 08, 2023
Australia Unveils New Plan To Regulate Bitcoin and Crypto
Australia Unveils New Plan To Regulate Bitcoin and Crypto

Just days after the UK announced the next stages of its plan to regulate Bitcoin and cryptocurrencies, Australia seems to have followed suit. In a new announcement, Australia’s government has unveiled the first step of what is being called a “multi-stage plan” to regulate Bitcoin and crypto. “The multi‑

News  •  Bitcoin  •  Feb 03, 2023
First FDIC-insured Bank to Offer Bitcoin and Traditional Banking Services
First FDIC-insured Bank to Offer Bitcoin and Traditional Banking Services

The purchase of Burling Bank, an FDIC-insured Illinois state chartered bank, has been announced by LevelField Financial, a U.S. financial firm that provides digital asset services. According to the press release, LevelField will become the first finance entity that manages Bitcoin while being FDIC-insured and fully compliant. The bank

News  •  Bitcoin  •  Feb 03, 2023
UK Releases Details on Bitcoin and Cryptocurrency Regulation
UK Releases Details on Bitcoin and Cryptocurrency Regulation

The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country. “We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also

News  •  Bitcoin  •  Feb 01, 2023
"Who Needs Bitcoin?" Lebanon To Devalue Currency by 90% On February 1st
"Who Needs Bitcoin?" Lebanon To Devalue Currency by 90% On February 1st

Lebanon is set to devalue its currency by 90% on February 1st, as the country's central bank governor, Riad Salameh, announced that the new official exchange rate will be 15,000 pounds per U.S. dollar. This marks a significant decrease from the current official rate, which has

News  •  Bitcoin  •  Jan 31, 2023
Biden Administration Publishes Cryptocurrency Roadmap To Mitigate Risk
Biden Administration Publishes Cryptocurrency Roadmap To Mitigate Risk

In an official blog post, the Biden Administration outlines its plan for reducing the risks associated with cryptocurrencies. The roadmap begins by describing the implosion of LUNA and Terra in 2022 along with the industry’s ensuing disastrous contagion that resulted in numerous bankruptcies. The post states that “many everyday

News  •  Bitcoin  •  Jan 27, 2023
Senator Introduces Bill To Make Bitcoin Legal Tender in Arizona
Senator Introduces Bill To Make Bitcoin Legal Tender in Arizona

Arizona state senator Wendy Rogers (R) has introduced a set of bills that will make Bitcoin legal tender in the state and permit state agencies to accept it. By becoming a recognized legal tender in Arizona, Bitcoin will be able to be used for settling debts, taxes, and other financial

News  •  Bitcoin  •  Jan 25, 2023
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