Regulation

All banking institutions in the United States can now use public blockchains and the stablecoins they host to make payments. They can also mine nodes of these blockchains and issue their own stablecoins. US Banks Allowed To Use Stablecoins This development comes from a statement by the Office of the Comptroller of the Currency (OCC). The OCC is the institution responsible for regulating and overseeing domestic banks operating in the United States. The letter states that all banking institutions in…

CoinDefi, a decentralized protocol, has become embroiled in a trademark battle over the $Coin ticker use. The DeFi protocol is accused of bullying those who use the $coin trademark with legal threats. Controversy Regarding the Coin token Trademark Marguerite deCourcelle, an artist with the nickname Coin_artist, revealed on Twitter yesterday that CoinDeFi was threatening to sue her. According to deCourcelle, the DeFi protocol wanted her to remove "coin" from her Twitter handle coin_artist. This, according to deCourcelle, was ridiculous since…

The United States Securities and Exchange Commission (SEC) has taken legal action against Ripple for selling $1.3 billion worth of unregistered securities via XRP. Consequently, the price of XRP has collapsed, and some platforms have begun to delist the cryptocurrency. SEC Goes To War With Ripple The SEC has filed a lawsuit against Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen. The latter duo is accused of having carried out unrecorded sales of securities worth $1.3 billion, via XRP.“Ripple…

Ledger CEO Pascal Gauthier has revealed that the company will not provide any compensation to victims of the data hack. This comes after a major backlash from the crypto community on the wallet provider. Personal Information Of Ledger Users Published On The Web Ledger has been embroiled in controversy in recent days following user’s information on the internet. 272,853 physical addresses and phone numbers alongside a million email addresses from Ledger users were recently published on the web. This revelation…

Pornhub Premium users will have to make payments in cryptocurrency, following a withdrawal from Visa and MasterCard. Could this open up cryptocurrencies to a wider audience? Pornhub Opens Up To Cryptocurrencies Amid Controversy A few days ago, news broke that payment processing giants MasterCard and Visa were suspending their payment options on Pornhub.  The decision followed a controversy that agitated the world of pornography. An article from the New York Times had revealed that Pornhub allowed the hosting of videos,…

Venezuela has increased measures to utilize cryptocurrency payments for cross border payments as it looks to reduce the effect of U.S sanctions. This renewed effort is driven by the new anti-social law introduced by Venezuelan President Nicolas Maduro in September. The anti-sanction law gives the executive power to authorize the creation and implementation of any financial mechanism. This has been put into effect with the South American nation paying allied countries like Iran and Turkey in Bitcoin. Maduro is also…

Singapore appears to be taking a step closer towards massive blockchain adoption, according to the latest reports. Today, local news revealed that the Singaporean government had launched a blockchain program called Singapore Blockchain Innovation Program (SBIP). The blockchain program is backed by Enterprise Singapore, the Infocomm Media Development Authority (IMDA), and the National Research Foundation Singapore. $8.9million Grant Made Available For Blockchain Research SIBP was launched with an $8.9 million grant and aimed to strengthen the country’s blockchain infrastructure. SIBP…

Popular cryptocurrency exchange OKEx has resumed withdrawal activities after more than five weeks of suspending the service.  On October 16, OKEx suddenly halted withdrawals saying that it had lost communication with one of its private key holders. The exchange said it had to suspend the service because it needed authorization from the key manager.  Reports at the time revealed that the private key holder was the exchange's founder Mingxing "Star" Xu, arrested by the Chinese police. Sources familiar with the…

Not long ago, PayPal entered the cryptocurrency market by integrating bitcoin and other major crypto assets on its payment platform.  The leading payment processor announced last month that it would allow its users to buy and sell cryptocurrencies from their PayPal accounts. The company also plans to allow its users to make payments from their crypto accounts across over  26 million merchants globally.  PayPal's Censorship The crypto industry saw it as a massive development as it promises to expose cryptocurrencies…