Category: Cryptocurrency

Apr 29
Bipartisan bill to give CFTC authority over exchanges and stablecoins

The Digital Commodity Exchange Act would give the commodities regulator the authority to determine rules for cryptocurrency developers and exchanges offering spot trading. 1309 Total views 29 Total shares A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under […]

Apr 29
VeChain can be used as payment in 2M stores — and VET bridged to BNB chain

VeChain has made a series of announcements that look to substantially grow usability and adoption of its native VET token. 1568 Total views 16 Total shares Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over […]

Apr 29
US needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director

Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want. 462 Total views 18 Total shares Mishi Choudhary, the legal director of the Software Freedom Law Center, supported the efforts of some United States lawmakers to develop an electronic […]

Apr 28
‘Ready, steady, NFT:’ Ukrainian government accepts NFT donations

Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war. 494 Total views 44 Total shares Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian government will accept war effort contributions in the form of nonfungible token (NFT) donations and purchases. Via […]

Apr 28
Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house

There’s a special bond between mothers and their sons. For “Alan,” a 28-year-old engineer who wished to remain anonymous, a Bitcoin (BTC) loan helped his mom to buy a house. Alan told Cointelegraph that he took out a Bitcoin-backed loan in 2021 — serendipitously, on his sister’s birthday — to gift his mom the tax-free […]

Apr 28
Russian security agency wants exchanges to share data with crime investigators

The measure comes along with a proposed ban on advertising of non-licensed crypto services. 998 Total views 23 Total shares Russia’s Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country’s Finance Ministry. Law enforcement agencies push for requiring crypto firms […]

Apr 28
One-fifth of businesses in El Salvador now accept Bitcoin: NBER study

The researchers also found that Bitcoin is gaining ground compared to other payment methods in El Salvador. 804 Total views 60 Total shares Months after Bitcoin (BTC) became legal tender in El Salvador, a study conducted by the National Bureau of Economic Research (NBER) shows that 20% of businesses have started to accept BTC as […]

Apr 28
‘Hyper-deflationary’ network launches mainnet amid rising inflation

The AXIA native cryptocurrency becomes scarce as the activity or participation on the network increases. 748 Total views 29 Total shares AXIA, the team behind the novel message-to-earn approach of AXChat, announced the mainnet launch of its blockchain and native currency on Thursday. The new network is designed to provide a “hyper-deflationary” economic model in […]

Apr 28
Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive,’ says Zuck

Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call, but Zuckerberg remains optimistic about future profitability from the Metaverse. 2465 Total views 17 Total shares Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The […]

Apr 28
Edward Snowden reveals he was one of six who helped launch Zcash

It turns out the pseudonymous John Dobbertin, who was one of the six participants in the Zcash Ceremony, was Edward Snowden all along. 4325 Total views 59 Total shares Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC). A video […]