Looking for "Crypto News"

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satoshin • Jul 8, 2023, 12:56 pm EDT

OpenSats Announces Long-Term Support Program for Bitcoin Core Developers

In a pioneering move to strengthen the Bitcoin ecosystem, OpenSats, a non-profit organization focused on Bitcoin development and advocacy, announced a Long-Term Support (LTS) program for Bitcoin Core developers and other vital contributors to the Bitcoin network. This grant program is designed to offer a sustained financial lifeline to developers involved in the critical infrastructure of the Bitcoin network, ensuring stability and growth for the cryptocurrency’s backbone.

2 minutes

arusso • Jul 7, 2023, 4:54 pm EDT

Kraken Ordered to partially comply with IRS request – Judge rejects agency’s privacy overreach

In a recent court ruling, the prominent cryptocurrency exchange, Kraken, has been ordered by a federal court to provide the Internal Revenue Service (IRS) with user account and transaction information. This decision stems from an IRS allegation that Kraken users may have underreported their taxes.

3 minutes

arusso • Jul 7, 2023, 11:37 am EDT

Economist Saifedean Ammous Advocates for Capitalism and a Stable Money Supply in Latest Book

Internationally acclaimed economist and author Saifedean Ammous is challenging conventional economic thought with his latest book, “Principles of Economics.” Building on his prior best-selling books on bitcoin and fiat currency, Ammous makes a case for the virtues of capitalism and the importance of a stable money supply in his newest publication, offering a comprehensive look at economics through the lens of the Austrian school of thought. In a recent interview on the Coin Stories podcast, Ammous delved into the foundations of capitalism, explaining why he believes it to be not just a beneficial, but necessary economic system. He argued that

2 minutes

satoshin • Jul 7, 2023, 11:01 am EDT

Bitfinex Sees Partial Return of Assets Seized After 2016 Hack

Bitfinex, the innovative digital asset trading platform, has announced the return of $312,219.71 in cash and 6.917 Bitcoin Cash (BCH) from the U.S. Department of Homeland Security (DHS). This is the latest development in Bitfinex’s ongoing effort to recover assets lost in a significant security breach that hit the exchange in August 2016.

2 minutes

satoshin • Jul 6, 2023, 11:01 am EDT

The Fall of Celsius Network: Lessons from a Cryptocurrency Lender’s Bankruptcy

Investigators from the United States Commodity Futures Trading Commission (CFTC) have determined that Celsius Network, a now-defunct cryptocurrency lender, and its ex-CEO, Alex Mashinsky, broke U.S. regulations prior to the firm’s collapse, according to insiders. Should a majority of the CFTC’s commissioners agree with these findings, a case could be presented in federal court as early as this month. The confidential sources who revealed this news stated that attorneys from the CFTC’s enforcement unit discovered that Celsius misled its investors and should have registered with the CFTC. It is also alleged that Mashinsky himself violated regulations. Adding to Celsius’ regulatory

2 minutes

satoshin • Jul 5, 2023, 7:14 pm EDT

Larry Fink Sees Crypto as the Digitalization of Gold: A New Era of Investment for BlackRock

Explore Larry Fink’s perspective on cryptocurrency as a digital evolution of gold, ushering in a transformative investment era for BlackRock. Delve into the insights behind this paradigm shift and its potential implications for the financial landscape.

4 minutes

satoshin • Jul 5, 2023, 11:58 am EDT

Security Researchers Pen Open Letter On UK’s Online Safety Bill: The Privacy Paradox

A group of esteemed security and cryptography researchers have raised a flag of caution over the proposed UK Online Safety Bill, voicing concerns about its potential to infringe upon the security and privacy of online communications. Amid ongoing discussions in the House of Lords this summer, the researchers have vocalized their apprehensions through an open letter. These professionals dedicate their careers to devising and maintaining secure technologies designed to protect online data and communications from a spectrum of adversaries – ranging from teenage hackers to powerful nation states and criminal enterprises. They argue that, although the surveillance technologies put forth

3 minutes

satoshin • Jul 4, 2023, 1:49 pm EDT

Asset Giant BlackRock Aligns with Coinbase Amid SEC Scrutiny

BlackRock, the world’s largest asset manager, reportedly worth $9 trillion, has included Coinbase, a leading cryptocurrency exchange platform, as a Surveillance-Sharing Agreement (SSA) counterpart in its recent Spot Bitcoin ETF refiling. This move comes as the Securities and Exchange Commission (SEC), led by Gary Gensler, has been increasingly critical of Coinbase’s operations. Despite the SEC’s concerns, BlackRock and other financial behemoths have expressed their intent to conduct business with Coinbase, revealing the complex and contradictory nature of the evolving cryptocurrency landscape. In the last few weeks, the attention on Spot Bitcoin ETFs has surged, with BlackRock leading the charge after

2 minutes

satoshin • Jul 4, 2023, 1:32 pm EDT

Genesis’ Debt Crisis: An Open Letter to Barry Silbert

In the realm of financial evolution, some moments illuminate the intricacies of our economic systems. The ‘Genesis’ debt crisis is a stark reminder of how intertwined and fragile these systems can be. This open letter addresses Barry Silbert, inviting him to reflect upon the crisis that bears his name and its broader implications. As we navigate the aftermath of the ‘Genesis’ crisis, it becomes apparent that its roots delve deep into the underpinnings of our financial infrastructure. The confluence of factors that led to this event prompts us to reevaluate our understanding of risk, regulation, and responsible investment. Beyond the immediate tremors felt across markets, there lies an opportunity to reimagine the future of finance, which embraces transparency, resilience, and a renewed commitment to sustainable growth.

3 minutes

satoshin • Jul 3, 2023, 10:34 am EDT

Coinbase Challenges SEC, Files Motion to Dismiss Case

In a significant development, cryptocurrency exchange Coinbase has filed a notice of intent to file a motion to dismiss the ongoing lawsuit against them by the United States Securities and Exchange Commission (SEC). The case, which has caught the eye of the global crypto industry, centres around the SEC’s claim that some digital tokens offered through Coinbase should be classified as securities. Coinbase’s response was made available to the public through a 177-page document, outlining a rigorous defense and a challenge to the SEC’s claim that the tokens in question are securities. On June 29, 2023, Paul Grewal, Coinbase’s Chief

2 minutes