Meta has been sitting on crypto patents for years without putting them to use The US House Financial Services Committee is attempting to force Meta to reveal its plans regarding blockchain or crypto-related endeavors. The company currently has five cryptocurrency and blockchain-related trademark applications active from 2022. Ranking committee member Maxine Waters sent a letter
Terraform Labs hasn’t been able to recover and now has to call it quits Terraform Labs, the company created by Do Kwon and behind the now-defunct TerraUSD (UST) stablecoin, has filed for Chapter 11 bankruptcy protection in the US. The filing was submitted to the United States Bankruptcy Court for the District of Delaware on
The company is facing backlash from the crypto ecosystem as it tries to garner support Bitcoin miner Hut 8 shares fell over 23% on January 18, the same day an unverified report accused that insiders are readying to dump the firm’s stock. Hut 8 stock tumbled from $9.30 to as low as $7.10 per share
The EU continues to shape the future of crypto, and other regions will follow suit Parliament and the European Council have consented to extend parts of the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing law to include the cryptocurrency market. The agreement includes most of the crypto industry, requiring cryptocurrency service companies to review
The tax authority isn’t going to force crypto users to comply with a new $10K rule The Internal Revenue Service (IRS) announced on January 16 that US businesses aren’t yet required to report cryptocurrency transactions exceeding $10,000 until the agency completes its regulatory framework. The decision comes after the US Treasury Department and the IRS
Tether isn’t happy with the UN’s portrayal of the use of the stablecoin Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity. The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on
GameStop has battled to stay solvent for years and isn’t finding solid ground with NFTs GameStop has alerted its users that it will be phasing out its nonfungible token (NFT) marketplace in February due to uncertainty about its regulation. In a declaration on GameStop’s website, the gaming retailer informed users that they have just over
Vanguard users are threatening to close their accounts as the company rejects cryptocurrency Asset management firm Vanguard’s decision not to permit purchasing of spot Bitcoin exchange-traded funds (ETF) on its platform has apparently driven some customers away. The Wall Street Journal reported on January 11 that Vanguard says it won’t offer spot Bitcoin ETFs on
The SEC has finally approved the first regulated spot Bitcoin exchange-traded fund The US Securities and Exchange Commission (SEC) has approved the first regulated spot Bitcoin exchange-traded fund in the country, just a day after a fake announcement posted on the SEC’s official Twitter page caused mayhem on the markets. On January 10, the SEC
The failed platform believes its creditors should pay back the money they withdrew before it collapsed Bankrupt cryptocurrency lender Celsius declared that creditors who made large withdrawals of funds ahead of the company filing for bankruptcy may be required to return some of those funds or be subject to legal action. Celsius bankruptcy managers filed
A crypto wallet traveling to the moon won’t be able to reach its goal Bitcoin is on the way to the moon as a cryptocurrency wallet containing 1 BTC was put onboard with astronauts in the lunar rocket Vulcan Centaur. The spaceship was launched from Cape Canaveral Space Force Station and was set to reach
Legislation in the state would give protections to those who mine and trade cryptocurrency Nebraska State Senator Eliot Bostar introduced a bill in the legislature on January 5 to establish basic crypto benchmarks in the state. Bill 911 seeks to adopt the Blockchain Basics Act, which aims to specify regulations promoting safe and legal cryptocurrency
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