Crypto News

A company once heralded as a “decentralized alternative” to Google recently settled with the SEC. BitClave suffered a near-immediate collapse in price The project’s token price collapsed almost immediately upon change listing and never recovered. Seemingly the dream of a “decentralized” Google never materialized. The company’s website does not have a link to a GitHub
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The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract and infringement.  The new code states: “When
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The Kleiman estate’s legal team has entered into evidence this week’s revelation that 145 addresses claimed by Craig Wright are not controlled by him. They filed a notice of supplementary evidence supporting their motion for sanctions against Wright earlier this morning, adding to their laundry list of complaints against the Satoshi-claimant. They said the new
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Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field. In a tweet posted May 26, Garlinghouse warns that “remaining complacent is actually setting us back,” citing an article suggesting that China’s long-touted central bank digital currency (CBDC) has the
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Known for their regulation-friendly outlook within the crypto industry, Gemini exchange founders Tyler and Cameron Winklevoss hold a hybrid approach to privacy and government rules.  The twin brothers explained in a May 22 podcast interview with Peter McCormack that crypto adoption comes a need for some degree of regulation. Cameron added: “The independence and sovereignty
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The Swiss government has denied a 100 million franc request by the Canton of Zug for use in keeping local crypto companies afloat, according to local newspaper Tages-Anzeiger. Zug’s finance director Heinz Taennler initiated support for the financial package earlier in April to support local blockchain companies affected by the COVID-19 pandemic, but the answer
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Telegram has withdrawn its appeal against a United States federal court’s injunction that froze Gram token issuance and distribution, according to court documents dated May 22.  The move seems to suggest that the company has fully abandoned its TON plans. Earlier this month, Telegram CEO Pavel Durov announced their “active involvement” with the project was
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Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts to establish universal basic income (UBI) for Americans. Dorsey announced the plan on Yang’s podcast, Yang Speaks, on May 21, while discussing the
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The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month. The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment instruments in wholesale and
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The United States Securities and Exchange Commission’s vigor in pursuing initial coin offerings, or ICOs, has become a major boogeyman within the crypto community.  Most recently, the case against Telegram ended with that company abandoning its planned open network and Gram tokens, which raised $1.7 billion. The question before the crypto community is now: Have
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On May 22, Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation technology convened in full for the first time, albeit virtually. Initially announced on May 17, the new select committee evolved from the previous Blockchain Task Force. Task force to select committee: What has changed? In today’s meeting, Chairman Chris Rothfuss commented on
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Iran’s president has tasked officials at the central bank and ministries of energy, communications and IT with drafting plans for a national cryptocurrency mining strategy.  As reported by the Iranian news website ArzDigital on May 22, officials were briefed during the 137th session of Iran’s economic coordination headquarters earlier this week, chaired by President Hassan
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Blockchain.com, a major cryptocurrency wallet and blockchain data provider, plans to support Russia’s national currency, the ruble (RUB). Although some big exchanges like Binance have introduced the Russian ruble, there is still no law authorizing circulation of crypto in Russia. On May 20, Blockchain.com announced its long-term roadmap, “The next era of crypto and 1B
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On May 19, Representative Brett Guthrie (R-KY) introduced the “Advancing Blockchain Act.” Per a May 18 draft of the legislation obtained by Cointelegraph, the bill asks the Federal Trade Commission and the Secretary of Commerce to put together a new survey of blockchain’s uses and the state of adoption in the United States. Establishing jurisdictions
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