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  • celsius-network-reaches-settlements-to-exit-bankruptcy

    Celsius Network reaches settlements to exit bankruptcy

    Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings. Bankrupted crypto lender Celsius Network reached two settlements that allows it to return assets to customers and end its bankruptcy proceedings, according to court filings on July 20. The settlements will be analyzed by More

  • us-senator-bill-seeks-to-cushion-crypto-exchanges-from-sec-enforcement-actions

    US senator bill seeks to cushion crypto exchanges from SEC enforcement actions

    The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws. United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions.The Digital Trading… More

  • coin-center-takes-us-treasury-to-court-over-alleged-financial-spying

    Coin Center takes US Treasury to court over alleged financial spying

    Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate. Coin Center, a Washingon, DC-based non-profit blockchain advocacy group, filed a lawsuit against the United States Department of the Treasury for allegedly provisioning an unconstitutional amendment in the controversial infrastructure bill.Coin Center lawsuit… More

  • us-congress-agency-recommends-4-key-policy-options-for-blockchain
    in ,

    US Congress agency recommends 4 key policy options for blockchain

    GAO aims to help policymakers, including Congress, federal agencies, state and local governments, observe seamless blockchain implementation. Per the request of the United States Congress, the U.S. Government Accountability Office (GAO), laid out four policy options to help policymakers implement blockchain technologies while enhancing benefits and mitigating challenges.The technology assessment shared by the GAO acknowledged… More

  • doj-indicts-bitconnect’s-indian-founder-for-$2.4b-crypto-ponzi-scheme
    in ,

    DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme

    A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations. The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process.According to the Department of Justice (DOJ), a… More

  • btc-helps-our-effort-to-unseat-a-20+-year-incumbent:-aarika-rhodes-on-bitcoin-day

    BTC helps our effort to unseat a 20+ year incumbent: Aarika Rhodes on Bitcoin Day

    Rhodes highlighted the difficulty for grassroots candidates like herself to compete against established members of the US Congress. Aarika Rhodes, an elementary school teacher-turned congressional candidate, recently featured in the Bitcoin Day Sacramento 2022 event to discuss the impact of Bitcoin (BTC) in local politics. Speaking to Cointelegraph, Rhodes highlighted the difficulty for grassroots candidates like… More

  • super-bowl-2022:-here’s-the-scoreboard-of-crypto-ads

    Super Bowl 2022: Here’s the scoreboard of crypto ads

    Major crypto businesses including FTX, eToro, and Coinbase debuted crypto ads in Super Bowl 2022. Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship and for business, a fair sign of making it in the real world. This year, however, marked a new milestone for the… More

  • ftx-acquires-japan’s-fca-licensed-crypto-exchange-liquid

    FTX acquires Japan’s FCA-licensed crypto exchange Liquid

    As a part of the deal to comply with Japanese laws, FTX’s Japanese users will be moved Quoine’s trading platform. American billionaire and CEO of crypto exchange FTX Sam Bankman-Fried announced that his company acquired Japanese crypto firm Liquid Group and its subsidiaries. As a part of the deal, FTX will acquire Quoine Corporation, a Financial… More

  • six-senators-urge-treasury-secretary-to-clarify-definition-of-broker-in-infrastructure-law-before-2022

    Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

    According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply. A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed… More

  • coinbase-and-top-execs-face-securities-class-action-over-nasdaq-listing

    Coinbase and top execs face securities class action over Nasdaq listing

    Alongside Coinbase itself, the class action names CEO Brian Armstrong, CLO Paul Grewal, other top executives and several of its venture capital backers as defendants. A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto… More

  • wto-blockchain-report-says-customs-remains-‘weak-link’-of-trade-digitalization

    WTO blockchain report says customs remains ‘weak link’ of trade digitalization

    Analysts have been categorizing blockchain projects worldwide into a “periodic table” that allows for a granular analysis of the technology’s inroads into global trade. The World Trade Organization and Trade Finance Global have published their latest taxonomy of blockchain projects in international trade, arranged into what they present as a “periodic table” for the industry.The… More

  • congress-weighs-crypto-payments-and-fintech-lending-in-hearing-today

    Congress weighs crypto payments and fintech lending in hearing today

    Despite skepticism about loosening regulations on loans, the Fintech Task Force couldn’t stop talking about crypto as a way of upgrading payments in the U.S. In a hearing on Tuesday, the Congressional Fintech Task Force heard arguments on new rules that would potentially expand banking regulations to accommodate more technology firms providing financial services.A subunit… More

  • monero-cryptojacking-malware-targets-higher-education
    in ,

    Monero Cryptojacking Malware Targets Higher Education

    Guardicore Labs explains that FritzFrog uses a brute-force attack on millions of addresses to gain access to servers. According to a study published by Guardicore Labs, a malware botnet known as FritzFrog has been deployed to ten millions of IP addresses. The malware has largely targeted governmental offices, educational institutions, medical centers, banks, and telecommunication… More

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