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Looking for "Cryptocurrency"

Showing 1-10 of 151

satoshin • Feb 23, 2024, 12:05 pm EST

NEW Satoshi Emails Released in Court

Fresh emails written by Satoshi Nakamoto, the enigmatic creator of Bitcoin, have been made public. These emails, exchanged between Satoshi and cypherpunk Adam Back in the pivotal years of 2008-2009, were revealed in a recent court case, offering a rare glimpse into the early days of the revolutionary digital currency. Satoshi Nakamoto, a pseudonym that has captivated the crypto world for over a decade, remains an unidentified figure despite various claims, most notably by Craig Wright. However, in the ongoing case between the Crypto Open Patent Alliance (COPA) and Wright in the UK High Court of Justice, these newly surfaced

3 minutes

arusso • Feb 20, 2024, 10:07 am EST

Is Self Custody Under Attack?

Significant concerns have been raised about the future of financial autonomy, as the United Kingdom appears to be tightening its grip on cryptocurrency transactions, particularly those involving self-custodial wallets. Kraken, a leading cryptocurrency exchange, has been compelled to inquire into its UK users’ self-custodial wallet activities, citing unspecified local regulations. Kraken’s Unprecedented Request to UK Users Kraken’s recent directive to its UK clientele to verify their self-custodial wallets or validate their identities marks a departure from the traditional ethos of cryptocurrency, which values privacy and user autonomy. This development, first highlighted by Kraken’s UK user James Van Straten, signifies a

3 minutes

arusso • Jan 19, 2024, 1:56 am EST

IRS Delays Reporting Requirements for Cryptocurrency Transactions Above $10,000

The U.S. Internal Revenue Service (IRS) has postponed the enforcement of reporting cryptocurrency transactions exceeding $10,000 for U.S. businesses. This delay follows a meticulous revision of the Infrastructure Investment and Jobs Act (IIJ Act) by the U.S. Treasury Department and the IRS. Initially set for January 1, these rules faced considerable criticism from the bitcoin and cryptocurrency communities, triggering legal challenges like the ongoing lawsuit by Coin Center against the Treasury Department. Traversing Regulatory Challenges in Cryptocurrency Reporting While the postponement provides temporary relief, businesses still have the obligation to comply with reporting requirements. However, the IRS has yet to

2 minutes

Kenneth Shortrede • Jan 15, 2024, 12:35 pm EST

Argentina’s Journey into Financial Innovation: Embracing Bitcoin and Economic Freedom

Argentina has recently made a significant advancement in financial modernization with the establishment of its first Bitcoin rent contract. In the first move of its kind, a rental agreement in the city of Rosario was established to be paid in Bitcoin every month, for the equivalent of 100 USD at the time of each transaction. This groundbreaking initiative follows President Javier Milei’s recent policy, which permits contractual agreements in any chosen currency or commodity, whether traditional options like dollars or more unconventional ones like Bitcoin, other cryptocurrencies, oil, or even milk gallons – symbolizing absolute freedom for the individuals. Under

3 minutes

satoshin • Nov 21, 2023, 10:20 am EST

Kraken Faces SEC Lawsuit in Ongoing Regulatory Scrutiny of Crypto Exchanges

In a move signaling intensified regulatory oversight in the cryptocurrency arena, the Securities and Exchange Commission (SEC) has launched a lawsuit against Kraken, a well-known digital currency exchange. The suit alleges that Kraken operated as an unregistered securities business, marking the latest in a series of SEC actions targeting crypto trading platforms. The charges against San Francisco-based Kraken underscore the growing regulatory scrutiny of the cryptocurrency industry. This action adds to the SEC’s recent crackdowns, including lawsuits against Binance, the largest global crypto exchange, and Coinbase, a significant US competitor. This is not the first time Kraken has faced regulatory

3 minutes

arusso • Aug 14, 2023, 2:03 pm EDT

PayPal Moves Further into Crypto: Introduces the Cryptocurrencies Hub

In a bold leap towards the future of finance, PayPal has unveiled its groundbreaking initiative—the Cryptocurrencies Hub. As the world’s interest in digital currencies continues to surge, PayPal’s move to provide a centralized platform for managing cryptocurrencies comes as no surprise. This new hub promises users a streamlined experience for buying, selling, and holding a variety of cryptocurrencies, all within the familiar and user-friendly PayPal interface.

2 minutes

carlp • Aug 7, 2023, 1:18 pm EDT

PayPal Unveils US Dollar-Pegged Stablecoin, PYUSD

PayPal, a heavyweight in the fintech sector, unveiled its latest innovation on August 7, a stablecoin coined as PayPal USD (PYUSD). The currency, pegged to the U.S. dollar, marks a major stride for the American fintech firm in its mission to solidify its position in the rapidly evolving cryptocurrency landscape. The launch of PYUSD, issued by Paxos Trust Co., marks a significant shift as PayPal moves from being a mere conduit for digital payments to being a creator of financial assets. It is backed by U.S. dollar deposits, short-term Treasurys, and similar cash equivalents, offering a sense of stability and

3 minutes

johnd • Aug 3, 2023, 1:57 pm EDT

Base Unleashed: Coinbase’s Layer-2 Blockchain Seeks to Transform Decentralized Applications

Coinbase, the largest publicly traded U.S. cryptocurrency exchange, has confirmed the forthcoming launch of Base, its layer-2 blockchain network, scheduled for public release on August 9. Built using the Optimism’s OP Stack, Base has been designed to offer a safe, cost-effective, and developer-friendly platform for creating on-chain applications. Base, an Ethereum Layer 2 (L2) chain, was cultivated within Coinbase, combining a decade’s worth of experience in building crypto products. The plan is to gradually decentralize the chain over time, with no current intentions to introduce a new network token. One of the major attributes of Base is that it is

3 minutes

arusso • Aug 3, 2023, 10:33 am EDT

Judge Rejects Ripple Precedent, Refuses to Dismiss Terraform Labs Lawsuit

In an unfortunate turn of events, Federal Judge Jed Rakoff of the U.S. District Court for the Southern District of New York, dismissed a motion to dismiss a lawsuit by Terraform Labs from the U.S. Securities and Exchange Commission (SEC). The case, alleges that Terraform Labs mislead investors about the nature of TerraUSD (UST), a stablecoin backed by the LUNA token, and potential securities law violations, has been stirring waves in the cryptocurrency world. At the heart of the lawsuit is Terraform Labs’ claim that there was no contract in the sale of UST to retail investors, and that the

3 minutes

arusso • Aug 2, 2023, 11:47 am EDT

Litecoin Marks Third ‘Halving,’ a Major Milestone for the Decade-Old Blockchain

In a significant development for the Litecoin blockchain, the platform has officially implemented its third ‘halving.’ This key event in the cryptocurrency’s life cycle reduces the rate of new issuance, effectively halving the predetermined reward miners receive for processing transactions and securing the network. The reduction occurred on Wednesday, around 15:06 UTC (11:06 am ET), at block height 2,520,000, according to litecoinspace.org. The so-called ‘block subsidy’ dropped from 12.5 litecoin (LTC) to 6.25 LTC, marking the network’s third halving since Litecoin’s inception in 2011. Litecoin, forked from Bitcoin in 2011, has earned its affectionate moniker of “digital silver” as a

2 minutes