When President Nayib Bukele declared to the world that he was making BTC legal tender, he expected to be hailed as a visionary, and he was. What he didn’t foresee was that the people he was forcing BTC on didn’t want it and would fight against the imposition. Now, fresh protests have broken out as Salvadorians say no to BTC, […]

The US Securities and Exchange Commission (SEC) has continued its efforts against multi-billion dollar crypto scam BitConnect and brought fraud charges against its Founder, Satish Kumbhani, and its top US promoter, Glenn Arcaro and his affiliate. This action came after the market regulator settled charges with another three US BitConnect promoters last month for a hefty disgorgement amount and fine.  […]

The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and […]

U.S. tech giant Microsoft has secured a patent for a ledger-independent token service at a time when global behemoths are increasingly filing blockchain patents. The patent lays out a system for managing all kinds of tokens, regardless of the blockchain network in which they are deployed. The computer software and consumer electronics giant, which is the world’s second-largest company filed […]

Bitcoin has been a part of billionaire Tim Draper’s investment portfolio for a while now. Draper had first gotten into bitcoin in 2011 when Peter Vincennes had convinced him to buy the digital asset. Draper had bought $250,000 worth of BTC, which he subsequently lost after the now-defunct Mt. Gox exchange crashed, where Draper had kept his coins. Despite this, […]

After a 130% rally over the past month, Terra (LUNA) is one of the best-performing assets in the crypto market. At the time of writing, LUNA trades at $31.95, a little over a year ago it was barely breaking out above $1. The massive price appreciation is driven by a growth in the LUNA ecosystem and an increase in demand […]

An El Salvadorian news outlet has reported that local police arrested a computer and cryptocurrency expert who was critical of the country accepting Bitcoin as legal tender for hours before later releasing him. According to multiple interviews conducted Wednesday by La Prensa Gráfica, the San Salvador police arrested computer specialist Mario Gómez today without a warrant, seizing his phone and […]

Former Commodity Futures Trading Commission chair Christopher Giancarlo, also known as “Crypto Dad,” will be leaving crypto lending firm BlockFi’s board of directors, but continuing to advise the group on digital assets. In a Wednesday announcement, BlockFi said Ellen-Blair Chube, a managing director and client service officer at investment banking firm William Blair & Company, would be replacing Giancarlo. BlockFi […]