The environmental impact of Bitcoin mining has sparked extensive discussions, primarily centered around its energy consumption during the mining process. Bitcoin’s mining relies on a proof-of-work (PoW) consensus mechanism, where miners compete to solve a mathematical problem through computational efforts, leading to the addition of transactions to the blockchain. This …

In South Korea, numerous private banks are actively researching tokenized deposit technology as a viable alternative to both private stablecoins and central bank digital currencies (CBDCs). Top banks in the region have shown considerable interest in certificates of deposit (CDs)- which refer to tokenized bank deposits that are placed on …

Senior House Republicans have officially introduced a bill that seeks to change how crypto markets function in the United States. Republican members of the Agriculture and Financial Services Committees of the United States House have introduced this bill to create a regulatory framework for digital assets. Submitted on July 20, …

In April 2023, Arkansas made history by becoming the first state to pass the ‘Right to Mine’ Bitcoin bill in both the House and Senate. However, the “Right to Mine” law in Arkansas is encountering increasing opposition as it relaxes regulations on commercial crypto mining. Reports have suggested that loosening …

Binance’s Argentina division has unexpectedly decided to cancel its partnership with the Argentine Football Association (AFA), citing non-compliance issues as the reason behind such a move. The initial intention was for the partnership between Binance’s Argentina division and the Argentine Football Association to span five years. However, the agreement came …

The Financial Stability Board (FSB) – a global organization responsible for overseeing and providing guidance on the worldwide financial system, has recently finalized a global regulatory framework for crypto. The FSB brings together regulators from around two dozen jurisdictions, including the US, EU, China, and the UK, and this framework …

Alex Mashinsky, the founder and former CEO of Celsius, pleaded not guilty to charges of misleading customers and artificially inflating the CEL token shortly after being arrested on Thursday. Following this, he was released on bail by a US District Judge on a bond of $40 million. According to a …

The State Duma, the lower chamber of the Federal Assembly of the Russian Federation, passed the digital ruble bill also known as Russia’s central bank digital currency (CBDC) in its third reading on July 11, 2023. This move brings the digital ruble, Russia’s central bank digital currency (CBDC) project, closer …

Bankrupt cryptocurrency lender, Celsius Network, has filed a lawsuit against Liquid Staking Platform StakeHound. The crypto lender claims that Stakehound allegedly owes $150 million worth of tokens, including ether (ETH), Polygon’s MATIC, Polkadot’s DOT, and other cryptocurrencies, that belong to Celsius. The complaint was filed as part of Celsius Network’s …

Crypto lender, Voyager Digital, recently gave its investors the green light to begin withdrawing funds, a decision that came almost a year after the lender had suspended withdrawals and filed for Chapter 11 bankruptcy. The announcement took place last month, on June 23. And since the resumption of withdrawals, creditors …

According to court filings, cryptocurrency exchange, Bittrex, has been accused by Florida’s financial regulator of violating several laws within the state. These violations allegedly occurred prior to Bittrex Inc. filing for Chapter 11 in May. Bittrex had made a request for an Automatic Stay, which would impede certain creditors from …

A consortium of leading cryptocurrency exchanges in South Korea has introduced a system designed to notify users about price volatility and fluctuations in cryptocurrency prices. This initiative aims to provide users with timely information and alerts regarding the dynamic nature of cryptocurrency markets, helping them make informed decisions and manage …