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Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
18.12.2023
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse ways.” Instead, Back proposed adding a new blob...
Finance Professor Blasts SEC’s Potential Cash-Only Rule for Spot Bitcoin ETFs Citing Benefits of In-Kind Model
16.12.2023
A finance professor at Georgetown University has urged the U.S. Securities and Exchange Commission (SEC) to avoid micromanaging the creation/redemption process for spot bitcoin exchange-traded funds (ETFs). While the SEC proposed the cash creation method, applicants like Blackrock and Fidelity have...
Basel Banking Committee Proposes Stricter Guidelines to Classify Stablecoin as Less Risky Than Unbacked Cryptocurrencies
14.12.2023
BIS building in Basel, Switzerland. Source: Adobe/doganmesut The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies. In a recent consultative paper, the international standard...
Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan
14.12.2023
Image Source: Shutterstock Gemini Earn creditors could potentially face up to 70% reduction in their promised crypto payouts as part of a proposed reorganization plan. The plan, outlined in an email sent by Gemini Trust on December 13, has now been put up for a vote, leaving creditors with...
Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains
9.12.2023
Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for cryptocurrencies even if their market value changes during...
Hong Kong Gaming Giant Boyaa Interactive Shareholders to Vote on $100M Crypto Purchase Plan
8.12.2023
Source: Pixabay Boyaa Interactive International Limited, a Hong Kong-listed company, has scheduled a special general meeting of shareholders to vote on a $100 million crypto purchase plan on December 20. Directors, including independent non-executive directors, have expressed their belief that...
Developer Says Ordinals Are Exploiting a “Vulnerability” to Spam Bitcoin Network, Proposes Bug Fix
6.12.2023
Image Source: Pixabay Bitcoin Core developer Luke Dashjr has proposed a bug fix to potentially alleviate the network congestion caused by new Ordinals and BRC-20 tokens. In a recent post on X (formerly Twitter), Dashjr claimed that these tokens are taking advantage of a vulnerability within...
BlackRock and Bitwise Update Bitcoin ETF Filings with SEC
5.12.2023
Source: Pixabay / xresch BlackRock and Bitwise have recently updated their filings for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These frequent amendments may signal pivotal progress. In its most recent updated submission, BlackRock, the asset...
US Space Force Member Proposes Bitcoin’s PoW Systems in Cyberattack Prevention
4.12.2023
Image by Kaleb, Adobe Stock Jason Lowery, a member of the United States Space Force, has proposed the use of proof-of-work (PoW) networks, like Bitcoin (BTC), as a means to protect the country from cyber-inflicted warfare. In a letter addressed to the US Defense Innovation Board, Lowery emphasized...
Latam Insights: Colombian President Meets Blockchain Experts, Brazil Passes 15% Tax for Foreign Crypto Investments
4.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Colombian president met with a group of blockchain proponents, the Brazilian Senate passed a law taxing investments in foreign exchanges, and the Fintech...
Bitcoin ETF Decision Dates Approach: What to Expect in January
2.12.2023
Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)’s move to start a public comment period for spot Bitcoin (BTC) ETF applications earlier than expected has stirred up optimism around the launch of these products. On November 28, the SEC published filings instituting...
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
SEC Calls for Comments on Fidelity’s Spot Ether ETF Application
30.11.2023
The U.S. Securities and Exchange Commission (SEC) is soliciting comments from the public regarding Fidelity’s potential spot Ether exchange-traded fund (ETF). Fidelity’s argument According to a notice filed Thursday, Cboe BZK Exchange is looking to list and trade shares of Fidelity’s Ethereum...
KyberSwap Director Demands Executive Control and Asset Surrender in Bold Negotiation Terms
30.11.2023
Kyber Director demands company takeover and assets after the attack. Image by Катерина Євтехова, Adobe Stock. The anonymous attacker behind the recent $47 million exploit of the decentralized crypto exchange KyberSwap has outlined bold demands in proposed negotiation terms made public on November...
Hong Kong Securities Association is Considering an ‘ICO’ Issuance Mechanism
30.11.2023
Source: iStock/Onfokus The Hong Kong Securities & Futures Professionals Association, an influential industry trade group, has proposed the establishment of an initial coin offering (ICO) portal in the city. The suggestion was included in the group’s comments on the Hong...
Australia Considers Sector-Specific Codes for Addressing Banking and Crypto Scams
30.11.2023
Source: AdobeStock / FiledIMAGE The Australian Department of the Treasury is considering applying sector-specific codes and standards to banking and cryptocurrency scams as part of its proposed framework. On November 29, a consultation paper titled “Proposed Scams Code Framework,” aimed...
Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms
30.11.2023
Source: Adobe / Ascannio Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has proposed amendments to the trust’s agreement in preparation for a potential uplisting to a spot Bitcoin (BTC) exchange-traded fund (ETF). The move aims to align GBTC’s structure with other...
Celo Developer Sets Framework for Layer-2 Decision by January
30.11.2023
Source: Pixabay / jievani Celo’s developer has proposed a comprehensive plan to guide the selection of a Layer-2 technology provider, with a plan to finalize their decision in January 2024. cLabs, the primary developer behind Celo, published a “framework for selecting an L2 stack” on their...
Soccer Superstar Cristiano Ronaldo Sued for Promoting Binance Crypto Exchange – Here’s the Latest
29.11.2023
Image Source: Pixabay Soccer superstar Cristiano Ronaldo is facing a proposed class-action lawsuit for promoting crypto exchange Binance. The lawsuit, filed on November 27 in a United States district court in Florida, asserts that Ronaldo played a role in the sale of unregistered securities...
UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders
27.11.2023
The FCA is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said