Tag: Regulation

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Craig Wright’s Satoshi Case Goes to Trial July 6

Craig Wright’s Satoshi case will finally go to trial, both sides confirmed to Cointelegraph. Lawyers representing both sides confirmed to Cointelegraph that they expect the trial to convene on July 6. The case that has been captivating the crypto community for several years now may finally receive a resolution. On May 1, Judge Bloom, who…
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Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K

Iran’s parliament votes to institute a new currency as coronavirus and sanctions hyperinflate the rial and local Bitcoin prices skyrocket relative to official exchanges. Per a May 4 report from local outlet Mehr News, Iran’s new ‘Reforming Monetary and Banking Law’ has passed in parliament. The new law dictates the transition from rial to the…
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German Security Token Platform to Develop a Custody Solution

German STO platform Black Manta joins digital asset custody firm Finoa to develop institutional security token custody. German security token offering (STO) platform Black Manta Capital Partners partnered with local digital asset custody firm Finoa to develop institutional security token custody. According to an announcement shared with Cointelegraph on May 4, the cooperation aims to…
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Charlie Shrem: BitInstant Was the Netscape of Crypto

Speaking to Cointelegraph, Charlie Shrem discussed why Coinbase’s launch was Bitinstant’s deathknell. In an exclusive interview with Cointelegraph, crypto pioneer and BitInstant co-founder, Charlie Shrem, offered his perspective on the early days of crypto. Despite missing some of the comradery from Bitcoin’s (BTC) infancy, Shrem stated that Bitcoin’s early adopters could have better recognized that…
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Former Bakkt CEO and Current US Senator Loeffler Sees 20% Approval Among Voters

Senator Kelly Loeffler, formerly CEO of Bakkt and currently a member of the task force to reopen the U.S., sees plummeting approval ratings. Per a new poll of Georgia republicans released on April 29, Senator Loeffler (R-GA) seems to have a rough road ahead of her en route to the special election later this year.…
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Judge Gives Preliminary Approval for $25M Settlement in Tezos Lawsuit

A judge has given preliminary approval for a $25 million settlement in the Tezos class-action lawsuit. A Californian judge has given preliminary approval for a $25 million settlement proposed by the Tezos Foundation to end a consolidated class-action lawsuit. The lawsuit dates back to shortly after Tezos’ $232 million initial coin offering (ICO) in July…
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Two Thirds of Users Support Taxation of Crypto Assets

The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation. A recent survey conducted by South Korean wallet provider Childly found that 66% of respondents are in favor of crypto assets being taxed. The poll of more than 5,750 crypto…
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Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel

In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing. On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges.  How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset…
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Italian Town Creates New Currency to Cope With COVID-19

An Italian town has created their own currency to support local businesses in the Coronavirus lockdown. A small southern Italian town of 550 residents, Castellino del Biferno, has started minting their own currency, called Ducati, as a method to support their local economy during the coronavirus Pandemic. The town mayor Enrico Fratangelo, had been studying…
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DPRK Insider: Kim Jong-Un in Good Health, Crypto Will Help Fight Imperialism

Following much speculation in the press in recent weeks, a friend of the DPRK has said that Kim Jong-un is in good health. North Korean supreme leader Kim Jong-un’s state of health is good, according to an individual associated with the government. Special Representative of the Foreign Ministry Alejandro Cao de Benos de Les Perez…
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