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Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues

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Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a…

Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence

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A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed lack of collaboration of the company in a national crusade against school violence. Telegram failed to deliver information…

Gold Slides on Higher US Treasury Yields, dolar

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Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and…

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues

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Dobrodošli v Latam Insights, zbirko najpomembnejših novic o kripto in gospodarskem razvoju iz Latinske Amerike v zadnjem tednu. V tej številki: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the…

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

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China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March,…

Južnoafriški profesor obtožuje ameriške regulatorje poskusa "atentata na kripto"

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Združene države’ poskuša “atentat na kripto” so nezakoniti in verjetno ne bodo uspeli, ker “kripto je globalno,” Steven Boykey Sidley, južnoafriški profesor in avtor, je trdil. Po Sidleyju, many formerly U.S.-based companies and innovators have fled the country…

SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023

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2023 is shaping up to be a painful year for the U.S. Komisija za vrednostne papirje in borzo (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce…

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Poročilo

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Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed…

Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring

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Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the…

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

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The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share…