The dedicated office would oversee “all non-defense related deployment and activities related to blockchain technology within the Federal Government.” A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology. Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district, the bill would “establish an…
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The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013. The United States Securities and Exchange Commission has taken legal action against Ripple as well as its CEO, Brad Garlinghouse,and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan,…
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The lawsuit alleges Greenidge circumvented state laws by seeking regulatory approval “through two separate but interdependent approval applications.” Several organizations have filed a lawsuit against the U.S. town of Torrey, New York for approving a plan to expand a Bitcoin (BTC) mining facility near one of the Finger Lakes. In court documents filed on Thursday…
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With insane interest rates and yield farmers endlessly jumping from one protocol to another, fears are growing that DeFi isn’t sustainable — and change is needed. In the space of 12 months, DeFi has become a $15 billion industry — spawning governance tokens that are now worth even more than Bitcoin. But the rapid explosion…
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Estonia has withdrawn permits from one thousand crypto companies this year. One of the countries lauded as being among the most crypto friendly in the European Union revoked the licenses of more than 1,000 crypto firms in 2020. According to news outlet Postimees, Estonia’s Financial Intelligence Unit, or FIU, has revoked the licenses of roughly…
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“It is unacceptable that in the face of a scam like this there hasn’t been a strong reaction on the part of the judicial authorities.” A lawyer representing users in one of four class-action lawsuits against Spain-based crypto trading bot developer Arbistar is calling for authorities to take “forceful” action against its CEO. According to…
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Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival. Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that “third-generation blockchain technology” would see digital currency “in the hands of hundreds of millions, if not billions of users.” Allaire featured…
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The former congressman from Texas believes the government is “watching very closely” to see what happens with crypto. Former presidential candidate and congressman Ron Paul has been more outspoken about government oversight concerning Bitcoin and other cryptocurrencies in the last week, calling on people to “be vigilant.” In an episode of the Stephan Livera podcast…
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“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry,” said Long. Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation which could help stop SIM swap…
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Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth. As global interest in stablecoins explodes, a number of key players are pushing especially hard for more adoption in Sub-Saharan Africa. On Thursday, the Center for Strategic and International Studies’ Africa Program published new analysis advocating more options for crypto users…
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