Sunday, April 13, 2025
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BitClout Receives Cease-and-Desist Letter after Firm Raised Undisclosed Amount from 11 Investors

A law firm slammed BitClout with a Cease-and-Desist letter for using Brandon Curtis’s identity without consent.Controversial social network BitClout has received a cease-and-desist letter after the company conducted its financial round and added new investors. The legal warning addresses the alleged head of the social network Nadar Al-Naji for using

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Blockchain Bites: Hashrates Drop, Bitcoiners Hodl and an Open Letter to Bankers

Floods are dampening bitcoin mining hashrates, Ethereum Classic may be thrown off its most popular exchange and bitcoin is moving off exchanges. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters

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PayPal Letter Seems to Confirm Crypto Capability Rumors

PayPal has confirmed that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission.Originally submitted on March 20, the document was intended as a response to the European Commission’s public consultation on building an EU framework for markets in crypto-assets, whose feedback period lasted

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Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain

Standard Chartered says it's issued the first blockchain-based international letter of credit (LC) transaction using China's national currency, the yuan. The London-based bank said earlier this week that the transaction, for a deal between Australian mining giant Rio Tinto and Chinese steelmaker Baosteel, was carried out over the blockchain trade

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US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter

The U.S. taxman's most recent crypto guidance is sowing confusion, according to a letter from eight congressmen published Friday.According to a letter penned by Representatives Tom Emmer (R-Minn.), Bill Foster (D-Ill.), David Schweikert (r-Ariz.), Darren Soto (D-Fla.), Lance Gooden (R-Texas), French Hill (R-Ark.), Matt Gaetz (R-Fla.) and Warren Davidson (R-Ohio),

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