Author: CryptooTimes
XRP whale accumulation and cooling inflation in the U.S. are the top catalysts behind the cryptocurrency’s ongoing price recovery. Source link
Also in March, the ruling AK Party Deputy Chairman of Information and Communication Technologies Ömer İleri said, “We find it very important to carry out a legal study in the field of crypto assets. This legal regulation is primarily a study that will regulate the platforms, but beyond that, it will be a regulation that will protect our citizens and investors.” Source link
Lawmakers, crypto heavyweights and banking executives argue that a SEC policy on crypto custody and accounting harms U.S. investors and stifles innovation, but Joe Biden disagrees. Washington is gearing up for an almighty fight about a controversial SEC ruling. There was a significant breakthrough last week when the House of Representatives voted to repeal Staff Accounting Bulletin (SAB) 121. What is SAB 121? SAB 121 requires public companies to account for and disclose the obligations and risks of safeguarding customers’ crypto assets. The policy is controversial due to its potential to complicate financial reporting and increase operational burdens. These rules…
Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification. Source link
The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan. Source link
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Right now, the world’s financial system operates under a veil of secrecy. Global banks currently undergo stress tests to examine whether they can withstand significant and sudden market downturns. But in some cases, regulators only require these exercises to take place once every two years—and the outcomes can be unacceptably opaque. It has only been 16 years since Lehman Brothers spectacularly filed for bankruptcy in what was the world’s biggest commercial collapse. Millions of high-risk mortgages had…
Bitcoin is hogging all the limelight, but SOL, AR, GRT and FTM are also trying to move higher. Source link
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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The first smart contract blockchain, Ethereum, was monolithic by design, meaning it manages its own execution, settlement, consensus, and data availability. Over the years, new decentralized applications developed, leading to increased demand for blockspace. When the demand for blockspace is more than its supply, the constrained availability restricts the range of potential applications, causing a significant impediment to utility and widespread adoption. This limitation is called the scalability trilemma or, in a nutshell, the idea that no…
Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers. Source link
