WazirX urges creditors to approve restructuring plan or face delays
WazirX warns creditors that repayments could be delayed until 2030 if they reject its restructuring plan, which was recently approved by the High Court of Singapore.
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Facebook’s Libra Concept Will Impact Cross-Border Payments: Ex-PBoC Chief
A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11.Zhou Xiaochuan, who stood down as head of the central bank in 2018 after 15 years, revealed the country may adopt a new approach for its…

Peter Thiel's Founders Fund invests $70M in election betting platform
Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket secures funding to expand its global operations despite restrictions.

Coinbase and top execs face securities class action over Nasdaq listing
Alongside Coinbase itself, the class action names CEO Brian Armstrong, CLO Paul Grewal, other top executives and several of its venture capital backers as defendants. 683 Total views 4 Total shares A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial…

IBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players, Real World Locations
Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Nov. 1.In the patent, IBM, also known as Big Blue, describes…

Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7
The infrastructure bill has passed, much to the crypto community's chagrin, yet the key battles lie ahead. 329 Total views 18 Total shares Even though crypto has long attained relevance as an independent political issue, at times it gets entangled with the broader dynamics of the political process. The notorious infrastructure bill — a major…

Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study
According to the study, a blockchain’s “fullness” is directly related to its security. 176 Total views 3 Total shares Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against

If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning
After many countries around the world such as the United States, the United Kingdom, France, and Portugal published their own cryptocurrency tax guidelines this year, it is only reasonable they will expect to see an increase in crypto tax filing. They may even follow suit with the U.S. Internal Revenue Service and begin their own…

Brazilian Non-profit Tags Clothes for Workplace Abuse Using Blockchain
The Brazilian non-profit Alinha Institute has launched their Alinha Tag, aiming to inform customers of the labor conditions of the workshops that produced their clothes.As per a Cointelegraph Brasil report from July 3, the new Alinha Tag is especially concerned with forced labor in Brazil’s fashion industry. According to Brazilian business newspaper Valor Económico, over…