Cryptocurrency Analysis and News Portal
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that
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Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDC) would still be considered money under the proposed new definition. The 117-page amendment, introduced into the state house of
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An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini.In a Feb. 28 complaint filed in the U.S. District Court for the District of New Jersey, investor Trey Greene accused
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The feature is still in draft form and would require a soft fork in order to be adopted into Bitcoin Core. Source
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Texas believes that the restructuring plan appears to discriminate unjustly against Texas-based customers. A recent court filing has revealed that Texas is moving against the proposed buyout deal between Binance.US and defunct crypto lender Voyager Digital. The motion, which was jointly submitted by the Texas State Securities Board and the Department
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Crypto exchange Coinbase has been named as a defendant in a legal complaint brought by NanoLabs — the company behind the digital currency Nano (NANO) — over alleged trademark infringement. In the Feb. 24 filing with the California Northern District Court, NanoLabs alleged Coinbase's Nano Bitcoin futures contract and Nano Ether
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Sam Bankman-Fried, the former CEO of crypto exchange FTX may no longer be able to play League of Legends and other video games if newly proposed changes to his bail conditions from United States prosecutors are approved.In a Feb. 15 letter to United States District Judge Lewis Kaplan, U.S. Attorney
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The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large amount of capital in an effort to address potential risk.In a Feb. 9 notice, European Union lawmakers said any framework applied to crypto assets should “adequately mitigate the risks of
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"'Equitization' means, if the Sale Process does not result in the sale of all or substantially all of the assets of Genesis, a restructuring under the Amended Plan pursuant to which the GGC Creditors will receive, among other things, one hundred percent (100%) of the equity in reorganized GGH, subject
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Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn. Source
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