Ibex Pay, a payment rail that accepts Bitcoin payments via the Lightning Network, announced on May 15 that it will cease operations in the U.S. The payment firm stated that the suspension of services for the U.S. market will take effect on May 31, but did not provide reasons for the decision. The company is […]
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Japanese Crypto Platform SBI VC Trade Begins Validator Node Operations on XRP Ledger
SBI VC Trade Co., Ltd., a Japanese crypto-asset trading platform, has announced the commencement of its operation as a validator node on the XRP Ledger blockchain. This move aims to earn recognition for reliable performance from the XRP Ledger community and to be selected in the Unique Node List (UNL) of trusted validators recommended by […]
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SEC Issues Wells Notice to Robinhood Over Crypto Operations
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff […]
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Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […]
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Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate. State Duma to Enact Ban […]
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Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power Administration (ANDE) correspond, in part, to illegal bitcoin mining […]
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Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining Operations
This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100 Control Board On March 25, 2024, Marathon (Nasdaq: MARA) […]
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Worldcoin Introduces Complaint Against Operations Ban in Spain
Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the General Data Protection Regulation (GDPR) established procedures when taking the ban actions against the project. Worldcoin to Fight Operations […]
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Worldcoin Ordered to Stop Operations in Spain
Worldcoin, the biometric identity project, has been banned from operating in Spain for up to three months, according to a press release from the Spanish data agency, the AEPD. The agency will also require Worldcoin to stop using the already collected data from Spanish citizens, utilizing the EU’s General Data Protection Regulation (GDPR) as a […]
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Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing ‘Baseless Innuendo’ and Integrity in Operations
Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges NYAG’s Legal Action Last year, the New […]
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