Lightning Network value directly correlated to Bitcoin price: Report

United States Treasury Secretary Steven Mnuchin shares President Donald Trump’s concerns on the use of cryptocurrency to finance illicit activity, and stresses the role of enforcing FinCEN regulations with respect to crypto-dealing organizations. Mnuchin made his remarks at a press conference on July 15.Mnuchin called the use of cryptocurrencies to fund illicit activity a national…

US-based publicly traded crypto exchange Coinbase confirmed that it is considering applying for a US federal bank charter. In a statement sent to Cointelegraph, Coinbase said it is considering pursuing a US federal bank charter, according to a company spokesperson. “This is something Coinbase is actively considering but has not made any formal decisions yet,”

The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list. In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging the protocol helped launder crypto stolen by North

The total crypto market cap actually increased in Q3 following a series of devastating sell-offs earlier this year. 304 Total views 7 Total shares According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in cryptocurrency markets during the third quarter. Although the digital asset industry witnessed heavy sell-offs earlier…

The Swiss Financial Market Supervisory Authority (FINMA) has reportedly granted two banking and securities dealer licences to crypto-focused banks.Two Swiss crypto-specializing firms, Seba Crypto AG and Sygnum have received banking and securities dealer licenses, the banks said in separate statements on Aug. 26.With the new license, Seba expects to officially launch its new trading platform…

A paper recently published by the Law Faculty of the University of Oxford examines the legal risks of depositing cryptocurrency with custodians in the event of insolvency. The paper, featured in a June 1 blog-post by the faculty, also suggests ways that regulation and practice can help to mitigate this risk.Disintermediation failedCryptocurrencies were initially created…

Joe Biden’s administration has done everything possible to destroy the crypto industry. That gives crypto advocates just one choice in the 2024 election.

The US Federal Reserve is expected to begin lowering its benchmark interest rate in September.

Initial results appear promising for the Waves-developed e-voting system. Russian telecommunication giant Rostelekom, together with the Russian Ministry of Digital Development and Communications, tested a blockchain-based voting system developed in collaboration with Waves Enterprise.As local news outlets reported, the preliminary test involved 30,000 people who were trying out the platform’s functionality and technical capabilities. According…