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IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
23.11.2021
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano...
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
23.11.2021
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice...
JRR Token Banned by Author J.R.R. Tolkien's Estate
23.11.2021
JRR Token, a cryptocurrency denominated with exceptional similarity to the legendary writer J.R.R. Tolkien's trademark, has been banned by the author's legal body.
Lawyers of the Tolkien Estate, the legal body which manages the property and the copyright for most of J.R.R. Tolkien’s works, argued...
Ripple Makes 'Good Progress' in Legal Row With SEC, Says Brad Garlinghouse
23.11.2021
US blockchain company Ripple is making “good progress” in its efforts to resolve its legal conflict with the US Securities and Exchange Commission (SEC), hoping to end the row in 2022, according to the chief executive.
Brad Garlinghouse, CEO of Ripple, said that the legal case, which is centered...
Fresh Off Legal Skirmish, Sony Secures PS5 Plate Patent
22.11.2021
If Thanksgiving week is all about setting plates, here’s a tidbit you can feast on: Sony appears to have been granted a patent earlier this month from the United States Trademark Office for plate covers, spurring some observers to speculate that alt-colored PS5 plates could be in the works.Read more
Investments in BTC Keep Growing, in ETH - Dropping, MoonPay Valued at USD 3.4B + More News
22.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Investments in BTC Keep Growing, in ETH - Dropping, MoonPay Valued at USD 3.4B + More News
Bitcoin as Legal Tender: a Look at the Pros, Cons, and Future Trends
19.11.2021
Greg Waisman, co-founder and COO of the global payment network Mercuryo.
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Since the inception of Bitcoin (BTC) back in 2009, there has always been buzz around the topic of adopting the cryptocurrency as a nation's official legal tender....
Read More: Bitcoin as Legal Tender: a Look...
NFTs Still Face Legal Challenges, But More Clarity Expected Soon
18.11.2021
Non-fungible tokens (NFTs) are currently facing some legal challenges, but more clarity on how the digital collectibles will be treated from a regulatory standpoint could be coming soon, panelists at a virtual seminar hosted by crypto tracking website CoinGecko agreed....
Read More: NFTs Still Face...
‘Final and Binding’ Mt. Gox Resolution Agreed
17.11.2021
The protracted struggle of the creditors waiting to get their hands on bitcoin (BTC) holdings left in limbo since the collapse of the crypto exchange Mt. Gox could finally come to an end – with a “final and binding” resolution now legally “confirmed” by the Japanese courts. ...
Read More: ‘Final...
Botswana Does Not Have Regulatory Framework for Crypto — Central Bank
12.11.2021
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding...
Ukrainian MP ‘Fails to Provide Evidence of Where She Got Her BTC, ETH, ETC Stash'
11.11.2021
Ukraine’s corruption watchdog has unearthed what it believes is evidence of possible irregularities on an MP’s crypto declaration – and her cache of bitcoin (BTC), ethereum (ETH), and ethereum classic (ETC).
As previously reported, Ukrainian anti-corruption laws oblige all MPs to file declarations...
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says
11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...
Zimbabwe may be the next country to embrace Bitcoin as legal tender
8.11.2021
Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks
Indian Payments Giant Paytm Could Offer Bitcoin Services if Government Makes Crypto Legal, Says CFO
5.11.2021
Paytm, one of India’s largest payments companies, is open to offering bitcoin services if the crypto asset becomes legal in the country, according to its chief financial officer. If bitcoin “was ever to become fully legal in the country, then clearly there could be offerings we could...
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages
4.11.2021
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding...
Stoush over Greenidge miner's legal threats to activists over ‘false' claims
29.10.2021
Greenidge has refuted the claims that is pursuing legal action right now or “preventing anyone from sharing their position.”
El Salvador Buys More Bitcoin: 420 BTC Added to Treasury
28.10.2021
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again...
Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency
28.10.2021
A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice...
El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers
19.10.2021
Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers
Sony Threatens Dbrand With Legal Action Over PS5 Plates
18.10.2021
You might not remember since February 2021 was actually 19 years ago, but earlier this year phone and console skin makers Dbrand released a set of black PS5 faceplates. Not content with merely releasing them, though, the company also bizarrely baited Sony to sue them, and Sony is now obliging.Read...