Interpol has reportedly issued a “Red Notice” to law enforcement worldwide for the arrest of Terraform Labs co-founder Do Kwon. South Korean prosecutors in Seoul on Monday told Bloomberg the international policing organization issued the notice in response to charges Kwon faces in South Korea related to the collapse of the Terra ecosystem. The news comes only a week after…
Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a patent relating to its blockchain technology — and is now seeking $350 million in damages. According to a lawsuit filed on Thursday by U.S. law firm Brundidge & Stanger in the U.S. District Court in Delaware, Veritaseum…
California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate Crypto in California Vetoed by Governor Newsom The governor of the U.S. state of California, Gavin Newsom, vetoed a number…
This is an opinion editorial by Scott Sullivan. Normally Bitcoiners don’t care too much about what goes on in Shitcoin-land, but now that Ethereum has merged to proof-of-stake (PoS), there’s been quite the buzz on Bitcoin Twitter. Of course, the Bitcoin network itself will remain unaffected, but I think this “upgrade” is still worth paying some attention to. Now that…
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats.” IRS Seeks Crypto…
Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a newly released survey. The findings came from the second Annual Australian Crypto Survey by Australian crypto exchange Swyftx, which was conducted by research firm YouGov. The survey questioned…
The major United States stock market indices continued their decline last week as worsening macroeconomic conditions increased concerns of a global recession. The Dow Jones Industrial Average closed at its lowest level in 2022 and major indices recorded their fifth weekly close in the past six weeks. Although Bitcoin (BTC) has only declined marginally this week, it risks closing at…
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following the reports that revealed the mining firm purchased Le Freeport. Bitdeer Purchases Maximum Security Vault Le Freeport From Yves Bouvier,…
While crypto winter has been tough sledding for much of the industry, Messari Founder and CEO Ryan Selkis views some austerity as healthy for events like Mainnet. A veteran of the crypto industry who got his start in 2013, Selkis has seen improvements come with each bear market, as each has forced some companies out of business and made room…
During Mainnet 2022 in New York City, Coinbase co-founder and CEO Brian Armstrong sat down for a chat with Messari co-founder and CEO Ryan Selkis to discuss Coinbase’s growing role in the industry. “I’ve started to shift our point of view over time, and not just trying to build Coinbase, but how do we actually go out there and be…
