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Craig Wright Awarded £1 for ‘Nominal Damages’ in Bitcoin Libel Case
Craig Wright Awarded £1 for ‘Nominal Damages’ in Bitcoin Libel Case
News  •  Bitcoin  •  Aug 02, 2022 by CJ

The UK’s High Court has awarded Dr. Craig Wright, the man claiming to have invented Bitcoin, £1 ($1.23) in damages after judging that he deliberately presented false evidence in a Bitcoin libel case against Bitcoin enthusiast and podcaster, Peter McCormack. Judge Martin Chamberlain wrote:  Because he [Wright] advanced

U.S. Senators Express Outrage Over Fidelity Investments Bitcoin 401(k) Retirement Option
U.S. Senators Express Outrage Over Fidelity Investments Bitcoin 401(k) Retirement Option
News  •  Bitcoin  •  Jul 28, 2022 by Deniz Saat

Three U.S. senators wrote an open letter to the CEO of Fidelity Investments to express their disapproval of the firm's recent introduction of a Bitcoin 401(k) retirement plan. Senators Elizabeth Warren, Tina Smith, and Richard Durbin said it was “immensely troubling” that Fidelity offered exposure to

Cryptocurrency-mixing Service Tornado Cash Blacklisted by U.S. Treasury
Cryptocurrency-mixing Service Tornado Cash Blacklisted by U.S. Treasury

On Monday, the Office of Assets Control (OFAC) added cryptocurrency-mixing service, Tornado Cash, to its Specially Designated Nationals (SDN) list, effectively banning all Americans from using it. Any American citizen who interacts with the protocol and any of its Ethereum wallet addresses may face criminal penalties.  This move came after

News  •  Technology  •  Aug 09, 2022
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Cryptocurrency-mixing Service Tornado Cash Blacklisted by U.S. Treasury
Cryptocurrency-mixing Service Tornado Cash Blacklisted by U.S. Treasury

On Monday, the Office of Assets Control (OFAC) added cryptocurrency-mixing service, Tornado Cash, to its Specially Designated Nationals (SDN) list, effectively banning all Americans from using it. Any American citizen who interacts with the protocol and any of its Ethereum wallet addresses may face criminal penalties.  This move came after

News  •  Technology  •  Aug 09, 2022
Craig Wright Awarded £1 for ‘Nominal Damages’ in Bitcoin Libel Case
Craig Wright Awarded £1 for ‘Nominal Damages’ in Bitcoin Libel Case

The UK’s High Court has awarded Dr. Craig Wright, the man claiming to have invented Bitcoin, £1 ($1.23) in damages after judging that he deliberately presented false evidence in a Bitcoin libel case against Bitcoin enthusiast and podcaster, Peter McCormack. Judge Martin Chamberlain wrote:  Because he [Wright] advanced

News  •  Bitcoin  •  Aug 02, 2022
U.S. Senators Express Outrage Over Fidelity Investments Bitcoin 401(k) Retirement Option
U.S. Senators Express Outrage Over Fidelity Investments Bitcoin 401(k) Retirement Option

Three U.S. senators wrote an open letter to the CEO of Fidelity Investments to express their disapproval of the firm's recent introduction of a Bitcoin 401(k) retirement plan. Senators Elizabeth Warren, Tina Smith, and Richard Durbin said it was “immensely troubling” that Fidelity offered exposure to

News  •  Bitcoin  •  Jul 28, 2022
Coinbase Faces SEC Probe on Crypto Listings
Coinbase Faces SEC Probe on Crypto Listings

Coinbase has faced significant amounts of scrutiny from the U.S. SEC since the platform decided to increase the amount of tokens listed on its platform. The company now faces an investigation by the SEC on its listings for whether or not it allowed American citizens to trade digital assets

News  •  Altcoins  •  Jul 28, 2022
Joint Venture Komainu Receives Provisional License for Bitcoin and Crypto Services in Dubai
Joint Venture Komainu Receives Provisional License for Bitcoin and Crypto Services in Dubai

Institutional digital asset custody provider Komainu announced provisional regulatory approval from the Government of Dubai's Virtual Assets Regulatory Authority (VARA) to begin operational readiness. In the meantime, the company’s application will go through due diligence in accordance with VARA requirements. As a result, the company only has

News  •  Bitcoin  •  Jul 27, 2022
Senate Bill Would Cut Taxes on $50 Bitcoin and Crypto Payments
Senate Bill Would Cut Taxes on $50 Bitcoin and Crypto Payments

On July 26th, 2022, Senators Patrick Toomey (R-PA) and Kyrsten Sinema (D-AZ) introduced a bill to the U.S. Senate that would exempt Bitcoin and cryptocurrency transactions up to $50 from capital gains taxes.  Reactions from Twitter toward the announcement have varied from supportive to many suggesting methods for performing

News  •  Bitcoin  •  Jul 26, 2022
Singapore’s Central Bank to Release Bitcoin and Crypto Regulations
Singapore’s Central Bank to Release Bitcoin and Crypto Regulations

Singapore has been long known for its forward thinking finance practices and has created an environment in which many crypto funds and companies have chosen to operate in. The Monetary Authority of Singapore (MAS) will release new regulation next month in an attempt to prevent future egregiously irresponsible crypto dealings

News  •  Bitcoin  •  Jul 21, 2022
Central African Republic Approves Bitcoin as a Reserve Asset
Central African Republic Approves Bitcoin as a Reserve Asset

As the Central African Republic (CAR) continues to work toward improving its economic status, the country has recently announced plans to utilize Bitcoin (BTC) as a reserve asset. The nation was the first on the African continent to approve Bitcoin as legal tender alongside the Central African CFA franc earlier

News  •  Bitcoin  •  Jul 19, 2022
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