Category: crypto
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Russian Bitcoin miners fear new mining registry could lead to security breaches
Russian Bitcoin miners are concerned about a government mandate requiring wallet addresses to be included in a national registry. Lawmaker Anton Gorelkin warned that leaked addresses could be exploited by geopolitical rivals, posing a major threat to mining operations. Despite assurances of security from tax authorities, skepticism remains. Sanctions could severely impact mining activities in…
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ECB will ‘assess’ ties with national banks holding Bitcoin reserves
The European Central Bank (ECB) may reassess its relationship with European national banks that add Bitcoin to their reserves, as suggested by ECB board member Piero Cipollone. He believes investing in Bitcoin lacks intrinsic value and relies on speculation. He also argues that Bitcoin cannot be compared to gold due to differences in market structure…
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Coinbase is now a major financial entity with $420B in assets
Coinbase is evolving beyond just a crypto exchange to become a major player in the broader financial sector in the US. CEO Brian Armstrong highlighted the platform’s $420 billion in customer assets, positioning it as a significant bank and brokerage. Coinbase is also expanding into payments, advocating for crypto, and securing regulatory approvals worldwide.
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Tornado Cash developer petitions Supreme Court to protect trial strategy
Roman Storm, developer of Tornado Cash, is seeking Supreme Court intervention to prevent revealing his defense strategy to the government before trial. Storm’s lawyers argue that this requirement violates legal protections such as self-incrimination and attorney-client privilege. The case has broader implications for criminal procedure in technology cases and privacy protocols.
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Yahoo Finance is reportedly blocking press releases from crypto companies
Yahoo Finance is accused of excluding press releases from crypto companies like BTCS Inc. and others. These companies have a combined market capitalization of over $212 billion. Yahoo Finance has not provided an official explanation for this exclusion, causing concern for investors and the crypto industry. Yahoo Finance has not addressed these accusations.
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Cboe submits four spot XRP ETF applications
Cboe has filed 19b-4 applications with the SEC for spot XRP ETFs on behalf of WisdomTree, Bitwise, 21Shares, and Canary. These filings are a significant step towards regulatory approval. Ripple CEO Brad Garlinghouse believes an XRP ETF is inevitable. The proposed ETFs will track XRP’s price without direct transactions.
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Tether’s new AI tech translates brain signals into speech
Tether is working on AI initiatives to translate brain signals into speech, using ECoG implants. The goal is to help individuals with speech impairments communicate digitally. Tether’s stablecoin USDT now serves 400 million users in emerging markets. The company also introduced AI-powered applications prioritizing user security and privacy.
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Czech Republic exempts Bitcoin from capital gains tax after three years
Czech President Petr Pavel signed a bill exempting Bitcoin from capital gains taxes if held for at least three years, aligning with EU’s MiCA framework. The law aims to encourage wider adoption of cryptocurrencies and attract crypto businesses. The Czech National Bank is considering including Bitcoin in its reserves, signaling a shift in attitude towards…
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Telegram’s exclusivity deal with TON sparks developer backlash
Tim Delhaes, CEO of Grindery, expressed concern over Telegram’s exclusivity deal with TON Foundation, which could alienate developers and make TON irrelevant. The deal mandates all Telegram Mini Apps to use the TON network, seen as an effort to tighten control over the blockchain ecosystem. TON Foundation defends the move, stating it will benefit developers…
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Dutch court releases Tornado Cash co-founder to electronic monitoring, TORN rallies
Alex Pertsev, co-founder of Tornado Cash, had his pretrial detention suspended by a Dutch court, allowing him to be under electronic monitoring while preparing an appeal. The news led to a 40% increase in TORN token price. Pertsev was arrested in 2022 for money laundering charges related to Tornado Cash but has maintained that privacy…