South Dakota Governor Kristi Noem has vetoed a bill that sought to exclude cryptocurrencies from the definition of “money” under state law. The bill, which was passed by the state’s legislature, aimed to clarify the legal status of cryptocurrencies and…
Victim of Crypto Theft Fights Back: New Yorker Sues Coinbase for $96,000 Loss and Negligence
Jared Ferguson, a New York resident, is suing Coinbase for $96,000 worth of stolen cryptocurrency from his Coinbase wallet. He claims that the company is responsible for the theft and filed a complaint in San Francisco’s U.S. District Court on…
Hedera(HBAR) confirms that the mainnet breach resulted in the theft of millions of service tokens
Hedera Hashgraph(HBAR), a public distributed ledger technology (DLT) platform, confirmed on March 14, 2023, that millions of service tokens were stolen as a result of a breach in its mainnet. The incident occurred on March 10, 2023, and was reported…
Revolutionizing Mining Operations:Jack Dorsey’s Block Unveils Powerful Mining Development Kit to Empower Developers!
Block, founded by Jack Dorsey, introduces a new mining development kit to enhance accessibility and openness for novel Bitcoin mining use cases through multiple components. Block, a blockchain infrastructure firm, has recently announced the release of its Mining Development Kit…
Crypto tax filing made easy: CoinTracker partners with H&R Block for hassle-free tax season
CoinTracker, a cryptocurrency tax compliance software provider, has teamed up with H&R Block to help crypto investors easily and accurately file their tax returns. The partnership aims to simplify the process for individuals who have invested in cryptocurrencies by automatically…
Sony Music Flies for Trademark Application for NFT while LimeWire and Universal Music Group(UMG) Partner for NFT Licensing Platform – Revolutionizing the Music Industry
Sony Music and Universal Music Group plans to enters big time into NFT’s Revolutionizing the music industry Sony Music NFT Trademark Sony Music, one of the largest music labels in the world, has filed a trademark application for a new…
New York Attorney General, Letitia James sues KuCoin for alleged securities violations
KuCoin, a popular cryptocurrency exchange, has been sued by the New York Attorney General (NYAG) for allegedly selling unregistered securities and commodities to investors in the state. The lawsuit, which was filed in New York County Supreme Court, accuses KuCoin…
Is Ethereum at Risk? – Could Ethereum’s Security Classification Shatter the Cryptocurrency Market? The Risks and Rewards of Regulatory Clarity
Letitia James, the Attorney General of New York, made history by filing a lawsuit against KuCoin, alleging that the cryptocurrency exchange violated state regulations by operating without registering as a securities and commodities broker-dealer. What sets this lawsuit apart is…
Federal Reserve Chief Sounds Warning on Climate Change and Cryptocurrency – Are You Prepared for the Risks?
During a recent Senate hearing, Federal Reserve Chairman Jerome Powell faced questions from lawmakers about a range of issues, including climate change and cryptocurrency regulations. The hearing highlighted the growing concern among policymakers about the role of the financial sector…
CFTC Chair recognizes Ethereum and stablecoins as commodities
Rostin Behnam, the acting chairman of the US Commodity Futures Trading Commission (CFTC), has stated that he considers Ethereum and certain stablecoins to be commodities. Behnam explained that the CFTC had previously classified Bitcoin as a commodity, and that they…