Court Favors Bitmart Over Alleged Bitcoin SV Hackers
The Bitcoin SV hack issue back in July resurfaced in the form of a court battle. GBM Global Holding Co. Ltd, the owner of Bitmart was granted a preliminary injunction by U.S. District Court Judge Alison J. Nathan. The motion was granted after the defendants did not respond.
What Does Greater Regulation Mean For Cryptocurrency Markets?
The second quarter of 2021 was dominated by headlines related to cryptocurrency regulation, a development that eventually led to a temporary peak in Bitcoin and other major altcoins. Valuations tumbled by over 50%, showing the elevated volatility continues to put a dent on the long-term trust in digital assets and now the market expects to see whether regulation will eventually be implemented.
UK’s financial regulator FCA says Binance can not be supervised effectively.
In reference to one of the world’s leading crypto exchanges, Binance, the UK’s financial regulator FCA has stated that “based upon the firm’s engagement to date, the FCA considers that the firm is not capable of being effectively supervised.” According to the Reuters report, FCA is concerned about Binance’s global reach and range of products which it considers as a “significant risk.” Binance has been facing increasing regulatory scrutiny recently.
Crypto sees potential trouble as US blocks changes to infra bill
The House Rules Committee has blocked infrastructure bill changes and voted 220-212 to lock in the procedure, with a resolution approved on Tuesday afternoon.
The Committee that determines the rules of debate for bills lined up for a vote has agreed that the US House of Representatives will decide on the controversial $1 trillion infrastructure bill without any amendments to the crypto tax provision by September 27.
Cardano launches a Regulatory Compliance Solution! Analyst Predicts ADA Price to hit $13!
After achieving a new all-time high on August 23, Cardano price is currently facing a sell-off. Before considering a new uptrend, this downswing is likely to prolong in order to find stable support.
11% of young Americans have invested their stimulus checks into crypto: Survey
A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets.
Big boost for Ethereum Name Service (ENS) as Budweiser buys beer.eth
Budweiser, the self-proclaimed “King of Beers,” looks to Ethereum in a bid to go crypto. The firm behind the biggest selling beer in the U.S has just bought the beer.eth domain name, via Opensea, for 30 ETH (about $100,000).
Microsoft wins US patent for ‘ledger-independent token service’
American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system.
The United States Patent and Trademark Office (USPTO), the agency granted the patent to Microsoft’s subsidiary Microsoft Technology Licensing on Aug. 24.
TRC20 USDT Surpasses ERC20 USDT in Circulation
CoinMetrics, a firm that deals with crypto intelligence, recently released that TRC20 USDT surpassed the ERC20 USDT in circulation. Tron Foundation, the issuer of TRC20 tokens shared their delight in a tweet: