Tuesday, September 29, 2020
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Russia Adopts Digital Rights Law That ‘Forms the Basis’ of Digital Economy Development

Russia’s parliament, the State Duma, has voted to enact new digital rights legislation in October this year, according to a press release on the Duma’s official website on March 12.The changes to Russia’s civil codex passed their third and final Duma reading on Tuesday. The law reportedly establishes the

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‘Cryptocurrency as a Technology Has Absolutely No Basis for Success’

Economist and notorious cryptocurrency critic Nouriel Roubini has claimed that crypto “as a technology has absolutely no basis for success.” Roubini delivered his new anti-crypto arguments in an interview with the CFA Institute on March 6.In conversation with the global professional investor association, Roubini, a New-York-based economist who famously

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Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation

Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms.$133M Crypto Project Folds Due To “Regulatory Headwinds”In recent months, stablecoins, cryptocurrencies tied to an asset deemed “stable”

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Major Stablecoin Basis to Close, Return Funds to Investors: Sources

Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12.Citing “multiple people with direct knowledge of the situation,” the reports states that the algorithmic stablecoin project is set to return the majority of

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