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In what comes as yet another significant assent solidifying the narrative of bitcoin (BTC) as a legitimate medium of payment, a federal court in the U.S. ruled that the premier cryptocurrency is a form of “money” covered under the Washington D.C. Money Transmitters Act (MTA). However, crypto bulls should not keep
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Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. Update (July 24, 17:13 UTC): This article has been updated with a comment from Coin Center.Update (July 24, 17:29 UTC): This article has been updated with background information on U.S. v. Harmon. DisclosureThe leader in
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A Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency transaction data that stems from an exchange. The U.S. court ruled against the defendant, Richard Gratkowski, who attempted to leverage the Fourth Amendment in an appeal. According to the ruling of a
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Yesterday, it came to light that crypto functionality may come to PayPal and Venmo. If true, as substantiated by three anonymous sources and indicated by an open position for a senior blockchain research engineer, 325 million users would be able to buy and sell crypto. “If it does happen, it has the potential
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The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April 21.According to the Anti-Money Laundering Directive, companies offering crypto-to-fiat or custodial services should
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Today, at precisely 9 a.m. ET on May 15, 2020, the Bitcoin Cash network completed another upgrade adding a few new features to the blockchain. The latest upgrade comes with new opcode support, a chain limit extension, and the improved counting of signature operations using the new “Sigchecks” implementation.A
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As a virtual commodity, Bitcoin (BTC) cannot be protected by the Chinese law, a court in Fujian province reportedly ruled on May 13.Fujian court dismisses a Bitcoin-related lawsuitAccording to Fujian Rule of Law News, the court was considering a dispute involving an investment to a “Bitcoin-themed club”. The plaintiff, named
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A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized
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Judge Valerie Caproni lifted the stay on a class-action lawsuit brought against the notorious crypto Ponzi scheme OneCoin 12 months ago.An order signed by the New York District judge mandates that all parties must submit a proposed schedule for the defendants to respond to the complaint before May 9. The
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The global economy is experiencing massive shockwaves due to the continuing global coronavirus pandemic. Markets are at record levels of volatility, seeing historic swings in both directions on a near-daily basis. In the midst of the crisis, pundits and talking heads on television are switching tunes like a DJ
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