Coin Center Lawyers Say Tornado Cash is Not Property
Coin Center is appealing a previous ruling by the United States district court for Northern Florida, which determined that Tornado Cash generates indirect advantages for foreign entities and individuals that qualify as a financial interest subject to sanctions from the Office of Foreign Assets Control (OFAC). Jeffrey S. Hetzel, the legal counsel for Coin Center, […]
MicroStrategy’s Market Cap in Race to Top Intel’s
MicroStrategy’s (MSTR) market capitalization has surpassed $100 billion and is on course to surpass semiconductor manufacturer Intel. According to a Nov. 19 analyst report shared with Cointelegraph, the stock is poised for additional gains as analysts anticipate that MicroStrategy’s BTC buying spree will accelerate even quicker than previously thought. According to data from Google Finance, […]
FTX’s Gary Wang Sentenced to Time Served
The fifth and final executive convicted in the FTX exchange collapse in 2022, Zixiao “Gary” Wang, the co-founder of FTX, was sentenced to time served and asset forfeiture in New York on November 20. In December 2022, Wang and Caroline Ellison, the former CEO of Alameda Research, entered into a plea of guilty to fraud […]
Russia to Restrict Crypto Mining in 13 Regions
The Russian government is contemplating cryptocurrency mining restrictions in 13 regions to save electricity in the country. Alexander Novak, the Deputy Prime Minister of Russia, convened a government commission meeting on November 19 to deliberate on advancing the electric power sector. Officials proposed restricting mining operations in regions experiencing power supply disruptions to mitigate shortages […]
Chainlink, Microsoft, Others Partner for Brazil’s CBDC Pilot
Brazil’s central bank, Banco Central do Brasil (BCB), has initiated phase two of its Drex central bank digital currency (CBDC) pilot, leveraging Chainlink’s CCIP and Microsoft’s cloud infrastructure. Phase two aims to develop a trade finance solution that employs blockchain technology and oracles. Microsoft, Chainlink, Banco Inter, and 7Comm collaborate on the initiative to investigate […]