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Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users.In a Monday blog, Voyager said it had roughly $1.3 billion in
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A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital
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Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation.I believe traditional finance will not have a timely solution for Celsius as we saw in the past with Mt. Gox
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Senator Cynthia Lummis, a rancher and Republican senator from Wyoming introduced a comprehensive and sweeping bill concerning Bitcoin and crypto regulations. The RFI (Responsible Financial Innovation) Act was released on June 7th by the Senator alongside Kristen Gillibrand, a New York securities attorney, and Democrat senator. Related Reading | Bitcoin Open Interest
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The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra's collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and technical assistance.After its spiral collapse, Terra co-founder Do Kown
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There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on Tuesday.The proposal to ban Bitcoin mining in Norway was first suggested in March this year by the Red Party (Norway’s communist party). In this week's vote,
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Quick summary: Microstrategy CEO, Michael Saylor, has said that the proposed Bitcoin and crypto regulation based on energy use in New York is damaging to the environment, reputation, and economy of the state Mr. Saylor sees the proposed bill as a demonstration of how the law can be manipulated maliciously He has also
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Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this worry might not be overblown after all: as the European Central Bank's (ECB) latest presentation hints, user anonymity
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European Union (EU) officials discussed banning Bitcoin trading during a debate on a proposal to ban Proof of Work mining according to documents obtained through a freedom of information request. According to a report, published by German digital culture organization Netzpolitik, officials from the EU went as far as suggesting that
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Crypto Industry Mobilizes Against Proposed EU Transparency Rules Source
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