Category Archive: Cryptocurrency, No picture
Crypto Gets Oily: Olive Oil Company Issued Euro Stablecoin Bond on Obligate
Key Takeaways Lamar Olive Oil issued a EUROc denominated bond on Obligate, a platform made for secure debt control for businesses This is the first time a company in the sustainable agricultural industry has used crypto bonds to its advantage. French agricultural firm Lamar Olive Oil has successfully issued an on-chain bond on the Switzerland-based […]
IRS Can Access Your Coinbase Trade Records, John Doe Summons Valid
Key Takeaways The U.S. District Court of New Hampshire ruled in favor of the IRS, ruling that John Doe Summons do not violate U.S. constitutional rights. The ruling claimed that private citizens are not allowed to sue the IRS for suspected tax violations. A U.S. Federal court has confirmed that the Internal Revenue Service (IRS) […]
FTX Case Passed to Third Circut Court of Appeals: ‘The facts are not in dispute’
Key Takeaways District Judge Colm Connolly approved moving the FTX case to the federal appellate court of the district of Delaware. This follows a question of if the FTX needs further independent examination. Delaware District Judge Colm F. Connolly has approved to pass the case involving FTX to the U.S. Third Circuit Court of Appeals, […]
Gulf Binance Receives Green Light to Launch Digital Asset Exchange in Thailand
Key Takeaways Binance and Thailand’s Gulf Innova received the digital asset operator licenses from Thai SEC to establish Gulf Binance. The two have been working together with regulators since 2022 to ensure a seamless start in Thailand. Binance announced partnership with Thailand’s Gulf Innova, acquiring the digital asset operator licenses from Thailand’s Ministry of Finance. […]
Bitcoin Network’s First-Ever BRC20 Stablecoin Launched: Stably USD
Key Takeaways The first BRC20 stablecoin has been launched in accordance to the new BitFi — DeFi for the Bitcoin Network — technology. Stably USD (#USD) is available in over 200 regions and 44 U.S. states Stably, a Stablecoin-as-a-Service (SCaaS) provider and fiat on/off-ramp infrastructure provider for Web3 projects founded in 2018, has launched stablecoin […]
Hundreds of Bitcoin Wallets Controlled by Russian Intelligence Agencies Exposed: Report
Key Takeaways Hackers found a way to mark 986 BTC wallets allegedly connected to Russian state intelligence agencies The vigilante gained control of some of the private keys of these wallets and donated those funds to Ukrainian aid organizations Three wallets of the 986 are confirmed to be linked to the Russian Foreign Military Intelligence […]
Coinbase Sued by California for Mishandling Biometric Data
Key Takeaways Coinbase has allegedly violated of Illinois’ Biometric Information Privacy Act (BIPA) and is being sued by the state of California The suit alleges that Coinbase did not receive written consent from its customers regarding the storage and destruction of its users’ biometric data Coinbase has been sued by the state of California in […]
The U.S. Government Wants to Cut Off Crypto’s Access to Banks: Nic Carter
Key Takeaways Bitcoin advocate Nic Carter believes the U.S. government is trying to cut off crypto from the banking sector. Carter claimed the Biden administration was reviving the Obama-era Operation Choke Point. Carter pointed to 14 different events in the last 10 weeks which hinted at a coordinated strategy to deprive the crypto industry of […]
Federal Reserve Raises Rates by 25 Basis Points
Key Takeaways The Federal Reserve raised rates by another 25 basis points. This brings federal interest rates to the 4.50% to 4.75% range. The move indicated a softening of the central bank’s hawkish monetary policy. Today the U.S. Federal Reserve announced that it was bringing interest rates to the 4.50% to 4.75% range, a 0.25% […]
3AC Founders Want to Launch a New Crypto Exchange
Key Takeaways 3AC co-founders Su Zhu and Kyle Davies want to launch their own crypto exchange. They are seeking $25 million from investors. GTX, as the project is called, aims to be a public marketplace for crypto claims. Su Zhu and Kyle Davies want to tap into the ballooning crypto claims market by launching their […]
