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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
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
The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives. The bill reads: No person shall be compelled to
News • Bitcoin • Feb 16, 2023
The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives. The bill reads: No person shall be compelled to
News • Bitcoin • Feb 16, 2023
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
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
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
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
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
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
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