The United States Securities and Exchange Commission (SEC) lawsuit against Ripple filed in December 2020 has deprived the XRP token of nearly three years of adoption in the United States, said pro-XRP lawyer John E Deaton in a recent post on X (formerly Twitter). Deaton’s comments came amid Coinbase’s announcement that they have acquired a minority stake in USD Coin…
Sam Bankman-Fried (SBF) will have the possibility to leave jail for a few hours every day, according to a court filing issued on Monday. The disgraced FTX founder has been granted a limited window, from 8:30 am to 3 pm today, to meet with his defense team outside his jail confines. His lawyers initially petitioned for this window to be…
The freeze comes shortly after Terra’s website was compromised over the weekend by hackers who attempted to scam users via phishing attacks. Source: https://cointelegraph.com/public/index.php/news/terra-money-website-frozen-to-prevent-phishing-scams
Will Dogecoin be flipping the switch any time soon? A recent poll asking its community whether they would be interested in staking their tokens triggered a renewed discussion around a possible switch to proof of stake. Dogecoin currently uses the same consensus mechanism as Bitcoin called proof of work. If Dogecoin was stakeable, would you stake it? $DOGE 🐕 —…
Layer 1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform. “The terra(dot) money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway,” Terra officially announced on X (formerly Twitter) on Aug. 22. Terra advised all users to avoid engaging…
The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, the local news agency Yonhap reported on Aug. 22. City authorities reportedly ordered trading platforms like…
YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology, on Aug. 21. The CEO of YouTube, Neal Mohan, outlined in a blog post that now is a critical time to “ boldly embrace this technology with a continued commitment to responsibility.” Mohan said he has been in close contact with partners in…
Komainu, a joint venture between leading Nomura, and crypto firms CoinShares and Ledger, received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The United Arab Emirates (UAE) has opened its door to crypto innovations, supported by federal grants and pro-crypto regulations that aim to nurture entrepreneurs. Attaining a VARA license in Dubai is a three-step process —…
The Sultanate of Oman, a 4.5-million populated nation, neighboring Saudi Arabia and the United Arab Emirates, has launched a new crypto mining center, the second mining facility to open in the country in ten months. According to Oman Observer, a data hosting and cryptocurrency mining center was inaugurated in the Salalah Free Zone, a special economic zone in the country…
United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried. The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Fried’s case based on previous jury instructions the New York District judge has given in other cases.…
