London’s High Court has ruled in favor of Craig Wright, the self-proclaimed Bitcoin creator and the proponent of fork Bitcoin SV, ordering Cobra, the pseudonymous creator of bitcoin.org, to takedown Bitcoin whitepaper from the website. The court decision was made in a default judgment as Cobra decided not to appear in court to defend its side. Last month, Cobra tweeted that […]
Read moreOsom Finance has announced the launch of OSOM DeFi Earn, a one-click yield aggregator allowing users to generate passive, predictable income. As regulators start to get to grips with decentralized finance (DeFi), users need to ensure that the protocols they’re using are reliable. However, the complicated onboarding experience and risks (regulatory and otherwise) existing in the DeFi sector continue to […]
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It’s more economically viable for people, even if they are dishonest in nature, to start following the rules. We’ve got electronic transactions without relying on trust. Not because of an anarchist system, but because it’s in the economic and rational interest of each of the nodes not to cheat. -Dr. Craig S. Wright The final episode in the ten-video “Theory […]
Read moreFresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of Imprisonment According to a Mybroadband […]
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Several exchanges could press a constitutional appeal against the Korean government and the financial authorities as they face the risk of being banned. The development follows the amended Act on Reporting and Use of Certain Financial Transaction Information. Finding the Perfect Balance The Act on Reporting and Using Specified Financial Transaction Information calls for the exchanges to find banks willing […]
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Bitcoin has had a miserable couple of months since hitting a new all-time high this year. The asset recently broke the $30K resistance level last week and fell down to $28K. Before promptly recovering back up over $30K and trending upwards towards $34K. This is a critical resistance point for bitcoin. Breaking this price could be the beginning of a […]
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Justin Sun, the founder of the Tron network, may be preparing to go head-to-head with the Ethereum Network as he retweeted a tweet claiming Ethereum’s EIP-1559 upgrade is copying the Tron network. The action has indicated that he is in agreement with the sentiments expressed in the Twitter post, which reads: “What Ethereum does with EIP1559 is exactly to copy […]
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On Monday, developers of the Ethereum Classic (ETC) blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July. The upgrade, which the community has dubbed “Magneto,” will include the four Ethereum Improvement Proposals, or EIPs, first seen in Ethereum’s Berlin upgrade earlier this year. These proposals are meant to improve the network’s […]
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Olyseum, a blockchain star-led rewards platform for enriched non-fungible tokens has launched a one-of-a-kind experiential NFT (xNFT) platform. According to the announcement, Olyseum hopes to fundamentally change the landscape of fan engagement by taking NFTs to the next level. The created experiential NFT, with an extra layer of value, will reportedly allow stars and fans to live experiences and monetize […]
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