Bermuda’s Premier and Finance Minister, Edward Burt, stated that despite the collapse of crypto exchange FTX in nearby Bahamas, Bermuda will continue to accommodate digital asset and blockchain technology companies due to the benefits they offer. The territory, which implemented a regulatory framework for digital assets, recently released its first stablecoin powered by the Polygon […]
Terra’s Partnership with Washington Nationals Raises Eyebrows
Terra, the cryptocurrency ecosystem that collapsed in May 2022, made a prominent appearance at Nationals Park during the Washington Nationals’ home opener on March 30. Despite Terra’s collapse, a partnership between the company and the baseball team had been in effect since February 2022, with the Terra community committing $38.2 million over five years to […]
Musk Requests Dismissal of $258 Billion Dogecoin Pyramid Scheme Lawsuit
Elon Musk and his legal team have requested the dismissal of a $258 billion lawsuit accusing him of operating a pyramid scheme to promote the cryptocurrency Dogecoin. Musk’s lawyers dismissed the lawsuit as a “fanciful work of fiction” in a federal court hearing on March 31. (Read More)
El Salvador Eliminates Taxes on Technology Innovations
El Salvador has eliminated all income, property, and capital gains taxes on technology innovations, including software programming, coding, apps and AI development, as well as computing and communications hardware manufacturing. This move supports the country’s ongoing efforts to expedite technological development, including the establishment of the National Bitcoin Office (ONBTC) to conduct joint initiatives with […]
Declining trend in physical crypto ATMs
The number of physical cryptocurrency ATMs is declining, with 3,627 removed in March 2023, according to Coin ATM Radar. The trend of increasing installations is reversing, with the highest number of machines installed in a single month being 2,048 in January 2021. The three-month-long downtrend was broken in April with 37 installations. General Bytes, BitAccess, […]
South Korean Court Denies Arrest Warrant for Terraform Labs Co-Founder
A South Korean court denied a request for an arrest warrant for Terraform Labs co-founder, Shin Hyun-Seong, citing unconfirmed allegations and the unlikelihood of Shin being a flight risk. Shin currently faces multiple fraud charges and is accused of hiding risks associated with investing in Terraform Labs’ in-house tokens. The recent arrest of Terraform Labs’ […]
Yuga Labs Appoints Former Activision Blizzard COO as CEO
Yuga Labs has hired former Activision Blizzard COO, Daniel Alegre, as its new CEO. Alegre will lead the NFT startup that created the Bored Ape Yacht Club and CryptoPunks collections, following his departure from Activision Blizzard. His arrival is seen as a significant move for the NFT industry. (Read More)
Court Yet Again Rejects Arrest Warrant For Terraform Co-founder Daniel Shin
The post Court Yet Again Rejects Arrest Warrant For Terraform Co-founder Daniel Shin appeared on BitcoinEthereumNews.com. 20 seconds ago | 2 mins read Altcoin News Shin had his arrest warrant dismissed for a second time. South Korean authorities have accused Daniel Shin of defrauding investors. The…
Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains
The post Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains appeared on BitcoinEthereumNews.com. Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains. According to Bloomberg, Marc Andreessen and Ben Horowitz appeared on stage with WeWork co-founder Adam Neumann to…
Post-Tantrum Market Calm Unnerves Traders
The post Post-Tantrum Market Calm Unnerves Traders appeared on BitcoinEthereumNews.com. (Bloomberg) — Weeks of gut-wrenching turmoil are keeping investors on the lookout for further volatility explosions, despite the uneasy calm that’s recently descended on world markets. Most Read from Bloomberg…