After weeks of climbing and acclimating to the altitude, Dadvan Yousuf removed the Bitcoin flag from his bag to show it off at the top of the world. Source: https://cointelegraph.com/news/bitcoin-orange-flag-mount-everest
Month: May 2024
House Passes Anti-CBDC Bill to Prevent Chinese-Style Surveillance of America
The U.S. House passed legislation on Thursday to stop the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without Congressional approval. The final vote tally for Rep. Tom Emmer’s CBDC Anti-Surveillance State Act was 216 ‘yea’ to 192 ‘nay,’ including support from 213 Republicans and three Democrats. This follows the bill’s passage through the House Financial Services Committee…
2025 to be ’a good year for crypto policy,’ industry experts say
Betting markets are currently showing a 72% chance of a spot Ether ETF approval in the United States. Source: https://cointelegraph.com/news/2025-good-year-crypto-policy
Bybit CEO Dismisses Hacking, Insolvency Claims; Says Rumors Lack Factual Basis
Ben Zhou, co-founder and CEO of Bybit, has dismissed rumors circulating on social media that the cryptocurrency exchange has been hacked or is insolvent. Zhou stated that these rumors are not supported by facts, and users should be cognizant of this. To substantiate his dismissal of the rumors, Zhou directed social media users to the […] Source: https://news.bitcoin.com/bybit-ceo-dismisses-hacking-insolvency-claims-says-rumors-lack-factual-basis/
Coinbase reopens XRP trading in New York
Paul Grewal, Coinbase’s chief legal officer, announced that New York users of the exchange can once again trade XRP. Source: https://cointelegraph.com/news/coinbase-reopens-xrp-trading-new-york
Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive
The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him to investigate the reasons behind Gambaryan’s absence. Gambaryan Key to Nigeria’s Tax […] Source: https://news.bitcoin.com/nigerian-prison-agency-held-responsible-for-court-absence-of-jailed-binance-executive/
F1 Legend Michael Schumacher’s Family Wins Lawsuit Over Faked AI Interview
The family of Formula 1 racing legend Michael Schumacher has won its lawsuit against the German weekly magazine Die Aktuelle, the Associated Press reported on Thursday. The lawsuit stemmed from a 2023 article that used generative AI to create an “interview” with the seven-time champion. According to the Associated Press, the Schumacher family was awarded the equivalent of $217,000, with…
Proof-of-restaking and extended consensus — Interview with Units Network
Emerging from past challenges, this initiative emphasizes decentralized governance and advanced consensus mechanisms to foster innovation. Source: https://cointelegraph.com/news/proof-of-restaking-and-extended-consensus-interview-with-units-network
What Ethereum ETF Approvals Would Mean for US Crypto Policy
When the U.S. Securities and Exchange Commission (SEC) indicated earlier this week that it was suddenly open to the prospect of approving spot Ethereum ETFs, after months of stubborn signals to the contrary, the about-face didn’t just catch Crypto Twitter by surprise. It also shocked the nation’s top crypto lobbyists, who spend their days tracing minuscule shifts in Washington’s mood…
Montenegrin Justice Minister discussed Do Kwon’s case with SEC
The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea. Source: https://cointelegraph.com/news/do-kwon-montenegro-justice-minister-sec