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ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero
25.2.2024
The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin...
Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
24.2.2024
In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this...
Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
24.2.2024
Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having...
Canadian Crypto Custody Firm Balance Sees Assets Reach $2 Billion Amid Market Recovery
23.2.2024
Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in assets under custody (AUC) amid the recent recovery in crypto markets.
The post Canadian Crypto Custody Firm Balance Sees Assets Reach $2 Billion Amid Market Recovery appeared first...
Digital Yuan Now Used to Complete Car Prepurchase Payments
23.2.2024
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February...
Triple Triad Finally Has A Successor In FF7 Rebirth’s Queen’s Blood
22.2.2024
Though the Final Fantasy series is infamous for its minigames, it’s never delivered something better than the Final Fantasy VIII card game Triple Triad—until now. Final Fantasy VII Rebirth is bursting with more mini-games than you can handle, and while many of them are forgettable, Queen’s Blood...
UK Law Commission Seeks To Classify Cryptocurrencies As “Property” In New Draft Bill
22.2.2024
A proposed UK law would officially define cryptocurrencies as a distinct form of property. This move seeks to create greater legal certainty, bolstering protections for holders of digital assets. The Law Commission of England has launched a consultation exercise on the bill, drawing from recent...
Bitcoin Miner Marathon to Start 'Slipstream' to Make Complex BTC Transactions Faster
22.2.2024
The new offering will expedite the process of large and non-standard transactions
Luxury Brand Protocol Arianee Set to Launch New Polygon CDK-Powered Chain
22.2.2024
Arianee, the ownership infrastructure behind a number of global luxury brands, has announced its plans to unveil a brand new layer 2 built on Polygon “to leverage the full potential of digital product passports (DPPs) and engagement tokens at scale,” a Thursday, February 22 press release from...
Oscar-Winner Shane Boris to Produce Crypto Film Funded by Arbitrum Foundation
22.2.2024
The foundation supporting Ethereum scaling solution Arbitrum is financing a feature film about crypto by Oscar winner Shane Norris. The film, dubbed “New Here” will be produced by crypto-friendly emerging media company Dpop studios. It will examine digital art from the perspective of...
South Africa’s Budget Review Signals Embrace of Digital Payments and Crypto Assets
22.2.2024
South Africa has unveiled its 2024 budget, leveraging stablecoins and blockchain technology to promote financial inclusion and act as a critical driver for enhancing digital payments nationwide.
The post South Africa’s Budget Review Signals Embrace of Digital Payments and Crypto Assets...
South Korea’s KODA Sees 248% Growth in Crypto Assets Under Custody in Second Half of 2023
22.2.2024
Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has seen a remarkable growth in crypto assets under its custody.
The post South Korea’s KODA Sees 248% Growth in Crypto Assets Under Custody in Second Half of 2023 appeared first on Cryptonews
South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
22.2.2024
South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency
DCG Objects Settlement Between NY Attorney and Failed Genesis
22.2.2024
DCG contended that Genesis did not follow proper legal processes and the agreement falsely diverted funds to preferred creditors.
The post DCG Objects Settlement Between NY Attorney and Failed Genesis appeared first on Cryptonews
South Korean Province Collects $4.6M in Back Taxes Using Crypto Tracking System
22.2.2024
South Korean province of Gyeonggi is using a nuanced crypto tracking system to claw back unpaid taxes. So far, the province has collected $4.5 million in taxes from delinquents using the crypto tracking system.
The post South Korean Province Collects $4.6M in Back Taxes Using Crypto Tracking System...
DCG Calls Out Genesis' Settlement With New York as 'Subversive'
21.2.2024
Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG's array of digital assets businesses
Australian Interest in Bitcoin Increases After Spot Bitcoin ETF Approval in the US
21.2.2024
According to a survey conducted by the Independent Reserve, an Australian-based digital currency exchange, Bitcoin sentiment in Australia experienced a 25% boost after spot Bitcoin ETFs received approval from the U.S. Securities and Exchange Commission on January 10.
The post Australian Interest...
Former Fidelity Digital Assets Head Joins Advisory Board of Ethereum L2 Layer N
21.2.2024
Luc Froehlich will help guide Layer N's Real World Asset, TradFi, and tokenization strategies
Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law
21.2.2024
Turkey’s legislators met with digital asset stakeholders in a consultative meeting to discuss incoming crypto market rules.
The post Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law appeared first on Cryptonews
Crypto Advocacy Group Urges Senate Banking Chair to Reject Elizabeth Warren’s DAAMLA Bill
21.2.2024
US crypto advocacy group, the Chamber of Digital Commerce (CDC), is opposing Senator Elizabeth Warren’s anti money-laundering (AML) DAAMLA legislation, claiming she is “trying to kill the entire industry,” according to a tweet yesterday on X. Digital assets have been under attack...