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“# ETH developer pleads guilty for conspiracy to violate sanctions laws ” Ethereum (ETH) developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law. On Monday, Griffith pleaded guilty in New York for conspiring to violate the International Emergency Economic Powers Act, which…
“# Small business advocacy group recommends US congress ‘clarify the status of digital assets’ ” The U.S. Securities and Exchange Commission, or SEC, has delivered a report to Congress containing recommendations from small businesses seeking regulatory clarification on the role of digital assets. In a Sept. 27 announcement, the SEC’s Office of the Advocate for…
“# Second-largest Ethereum mining pool to suspend all operations ” Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto. The mining pool officially announced Sept. 27 it has suspended access to new users in mainland China in response to Chinese authorities initiating new measures…
“# Binance blocks fiat deposits and spot crypto trading for Singapore users ” Binance has announced some changes to its crypto trading services for customers in Singapore. According to a statement on its website published on Monday, Singapore-based users will be geo-fenced from certain account functions on the Binance.com website. Binance users in Singapore will…
“# Huobi outlines plan for Chinese investors after halting crypto trading ” The uncertainties sparked by China’s blanket ban on crypto trading have taken a downturn as homegrown crypto exchanges such as Houbi take proactive measures to protect and return existing investments residing on the mainland. Speaking to Cointelegraph in this regard, Du Jun, co-founder…
“# US House of Reps to deliver verdict on infrastructure bill this week ” According to Reuters, Pelosi expressed confidence the legislation will pass upon announcing the date on Sunday, Sept. 26, stating: “Let me just say that we’re going to pass the bill this week.” Earlier that same day she reportedly indicated she would…
“# Blockchain will transform government services, and that’s just the beginning ” Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the…
“# DeFi: Who, what and how to regulate in a borderless, code-governed world? ” Hold onto your hats, boys and girls! It’s a new world — a financial system without intermediaries, that anyone can access 24 hours a day with only a mobile phone and a wallet! As Julien Bouteloup said to me: “In DeFi,…
“# Crypto has recovered from China’s FUD over a dozen times in the last 12 years ” The price of Bitcoin fell 8% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal. With that in mind, let’s take a nostalgic look at the…
“# U.S. government goes to court over $11M USDT purportedly stolen by fake Coinbase rep ” On September 17, a group of officials led by U.S. attorney Tracy Wilkinson have filed a civil complaint in the United States District Court for the Central District of California claiming that they have identified four digital wallets holding…