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The Turkish government plans to create a central bank for cryptocurrency custody after two prominent exchanges locked customers out last week. According to a report from Bloomberg today, authorities may also require exchanges to keep a certain amount of cash on hand and introduce credential requirements for exchange executives. The moves are aimed at limiting …
Continue reading “Turkey to Regulate Bitcoin Exchanges After Fiascos: Report”
Tesla has cashed out some of its Bitcoin. In an investor call today, the electric carmaker reported its Q1 2021 earnings and revealed $272 million in proceeds and a “$101M positive impact” from a net cash outflow of $1.2 billion in crypto. According to Tesla CEO Elon Musk, the company “sold 10% of its holdings …
Continue reading “Elon Musk’s Tesla Sold Bitcoin in Q1, Earnings Report Reveals”
Ethereum 2.0—the forthcoming proof-of-stake blockchain that promises to be faster and cheaper than the current network—is getting ready to deploy. Developers at several Ethereum software labs, as part of the ETH Global Scaling Hackathon project called Rayonism, today launched what one researcher termed “a super experimental Eth1-Eth2 post-merge testnetwork.” About 30 min from now we’re …
Continue reading “Ethereum Moves Toward ETH 2.0 With ‘Super Experimental’ Testnet”
A panel of experts established by the US Department of Justice last week to combat ransomware is expected to recommend “aggressive tracking of Bitcoin and other cryptocurrencies,” according to a report from Reuters today that cited anonymous sources. The potential recommendations would expand the regulatory requirements on cryptocurrency exchanges and hold them to similar standards …
Continue reading “DOJ Ransomware Panel to Propose ‘Aggressive’ Bitcoin Regulations: Report”
President Trump has fired Christopher Krebs, director of the Cybersecurity and Infrastructure Security Agency (CISA), after Krebs and CISA refuted Trump’s claims of election fraud. Krebs reportedly believed last week that he was set to be fired. CISA Assistant Director for Cybersecurity Bryan Ware resigned on November 12 due to apparent pressure from the White …
Continue reading “Trump Fires Cybersecurity Chief Who Said Election Was Secure”
Since former Federal Reserve Chair Janet Yellen retired in February 2018, her seat on the agency’s seven-member Board of Governors has been vacant. And President Trump’s nominee to replace Yellen—gold standard advocate Judy Shelton—is having a difficult time getting confirmed. Her nomination failed to proceed on a 47-50 vote today. Shelton, whose last position was …
Continue reading “Senate Blocks Fed Nominee Who Wants Return to Gold Standard”
