Month: October 2024

Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December […] Source: https://news.bitcoin.com/ireland-moves-to-draft-urgent-legislation-for-cryptocurrency-regulations-ahead-of-eu-deadline/

Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing previous concerns and stressed that no significant deficiencies exist that would justify Russia’s inclusion on the FATF blacklist, […] Source: https://news.bitcoin.com/russias-digital-currency-measures-fail-to-satisfy-fatf-blacklist-possible/

The Sui Foundation has denied allegations that its employees or insiders from Mysten Labs sold $400 million worth of SUI tokens. The foundation also rejected claims that insiders were involved in preemptive selling or violating token lockup agreements. Sui Insiders Dumping on Retail Investors Allegations The Sui Foundation has dismissed claims that its employees or […] Source: https://news.bitcoin.com/sui-foundation-denies-400-million-token-sales-claims/

A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 […] Source: https://news.bitcoin.com/us-sends-crypto-promoter-to-prison-for-20-years-in-multi-million-dollar-ponzi-scheme/

Ethereum co-founder Vitalik Buterin has shared detailed plans for the next step in the network’s evolution, known as “The Surge.”  In a blog post on Wednesday, Buterin shared key goals on how to increase the blockchain’s capacity to handle over 100,000 transactions per second, using  layer-2 scaling solutions while ensuring Ethereum remains decentralized and secure. While Buterin didn’t give an…

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