Author: CryptooTimes
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
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
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
Bank of America said it was upgrading the stock for a number of reasons, including the positive macro backdrop that has helped the cryptocurrency markets and trading volumes, analysts led by Mark McLaughlin wrote. The note also said the exchange’s expense discipline and increased diversification should also help its earnings. Source link
Venezuela becomes the latest nation to put a ban on crypto mining firms, citing heavy energy consumption. According to local news outlet AlbertoNews, Venezuela’s Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional). The Venezuelan government plans to control excess energy consumption through the latest move while ensuring a consistent power supply for the local population. Venezuela’s National Association of Cryptocurrencies also confirmed the latest ban on the crypto mining industry in a May 18 X post. The move follows the recent seizure of 2,000 cryptocurrency mining devices in Maracay as part…
Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to 20 years. Source link
Through the Crypto Council for Innovation, a coalition of digital assets organizations and companies, including Coinbase, Kraken, Andreessen Horowitz, the Digital Currency Group and about 50 others, wrote a letter to Speaker of the House Mike Johnson (R-La.) and Minority Leader Hakeem Jeffries (D-N.Y.), advocating for passage of the bill. The Financial Innovation and Technology for the 21st Century Act (FIT21) has been authorized for floor time next week, where observers are hoping to see a mid-week vote. Source link
