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The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance. The 77-page report was requested by Reps. Maxine Waters and Stephen Lynch before the midterm elections, when they were the chair
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"We regularly evaluate the results of our partnerships around the world and unfortunately, despite being offered time and opportunities, the AFA has not fully complied with its contractual obligations, which goes against our business values and our partnership principles," Binance said in a Spanish-language statement posted on Twitter on Monday. Original
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Cross-chain router protocol Multichain has announced that it is "forced to cease operations" because of the lack of operational funds. The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders. On July 14, Multichain’s official Twitter account announced that it
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In order to participate in protocol governance at the moment, token holders must stake the protocol's native token, which reduces the circulating supply and capital on decentralized exchanges. Under the new model, holders can stake Balancer Pool Tokens (BPTs), allowing them to take part in governance proposals while the underlying
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SBF will have to issue arguments beyond doubt to the judge and jury why he is not guilty of the charges levied against him. Former FTX boss Sam Bankman-Fried alias SBF who squandered over $8.7 billion of customers’ digital assets with risky bets continues to fight for his innocence in a
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Less than 2,000 wallets hold OX tokens, a level that’s far below the average holders of tokens with similar market capitalizations. Source
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The investors’ service of credit ratings agency Moody's has reported that without support from United States lawmakers on both sides of the political aisle for legislation focused on digital assets, investors and companies could turn to other crypto-friendly jurisdictions.In a June 20 report, Moody’s pointed to key differences in the
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Crypto's first layer 2 solutions were born out of the need to scale layer 1s properly rather than creating hard forks of the base layer blockchains. And ever since, L2s have typically been marketed as the solution to scaling, faster transactions, lower fees and precursors for mainstream adoption of crypto.
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Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission (SEC) over its XRP (XRP) token.In a wide-ranging interview with Cointelegraph at Money 20/20 in Amsterdam, Sendi Young, Ripple’s managing director for Europe
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Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were
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