Decentralized autonomous organizations (DAOs) now have a legal framework thanks to a measure signed into law by Wyoming Governor Mark Gordon. Furthermore, the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology of the legislature supported the law, which establishes a formal framework for decentralized unincorporated non-profit organizations (DUNAs)
March 10, 2024 1 min read
The newly issued U.S. spot bitcoin ETFs got off to a flying start after their January debut. According to statistics, the crypto-based financial instruments reached a new important milestone on Friday, surpassing $100 billion in total trading volume. A month passed before the new products’ combined trading volume surpassed $50
March 10, 2024 1 min read
Based on Gary Gensler’s response to a query on the possibility of spot Ethereum ETF clearance, it seems that applicants for this product could have a lengthier wait than anticipated. Gary Gensler, chairman of the U.S SEC, spoke with Yahoo Finance’s Jennifer Schonberger yesterday. She brought up the topic of
March 9, 2024 1 min read
In response to an order by Spain’s data protection regulator, AEPD, to cease personal data collecting in the country or utilize the previously gathered data, Worldcoin—an iris biometric crypto project co-founded by OpenAI CEO Sam Altman—has launched a lawsuit against Spain. On March 8, TechCrunch reported that Tools for Humanity,
March 9, 2024 2 mins read
In Drumheller, Alberta, Canada, Bitcoin miner Hut 8 has decided to shut down operations owing to power outages and soaring energy prices. The notification made on March 6 states that the Drumheller mining plant, which accounts for only 1.4% of Hut 8’s Bitcoin (BTC) but uses around 11% of its
March 7, 2024 1 min read
Another roadblock has emerged on the issue of “breaching privacy” for Sam Altman’s Worldcoin. The project has been directed by Spain’s data protection authority, the AEPD, to cease collecting personal data in the country and to cease using the data it has already gathered, according to Financial Times. Uncertainty and
March 6, 2024 2 mins read
The Virtual Assets Regulatory Authority (VARA) in Dubai has granted initial approval to Nexo, a digital asset service provider. Nexo DTC, Nexo’s regional organization, has reached a major milestone in its pursuit of complete licensure for a number of activities, including Broker-Dealer operations, Lending & Borrowing, and Management & Investment.
March 6, 2024 2 mins read
According to a statement by Magic Eden’s CEO and co-founder, Jack Lu, the platform’s sales reached $50 million, which caused a stir in the world of digital assets. Magic Eden is a well-known decentralized NFT marketplace. As the community’s euphoria around the possible rebirth of the NFT arena is reflected
March 6, 2024 2 mins read
The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia has reportedly requested that the Ministry of Finance evaluate the country’s policy on the taxation of cryptocurrencies. Members of Bappebti’s executive staff have reportedly asked for a review of the 0.11 percent income tax on cryptocurrency and the 0.1 percent value-added
March 2, 2024 1 min read
The spot Bitcoin ETF market was boosted as of February 29th’s trading closure by the enormous inflows recorded by the offering associated with the top investment asset management company, BlackRock, iShares Bitcoin Trust (IBIT). On Thursday, Grayscale saw massive outflows of $598.9 million, which, if not mitigated, would have caused
March 1, 2024 1 min read
