Day: March 25, 2020

On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a newly written rehabilitation plan for claimants looking to access some of the funds they lost in 2013. According to the new plan, Mt Gox claimants will get BTC and BCH assets alongside the possibility of receiving fiat currencies as well. Kobayashi’s latest document notes that other crypto assets will be “liquidated into cash,” but the draft does not disclose what types of digital currencies will be sold. Also read: Can’t Lock Down Bitcoin: Trump Ponders Halting…

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On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest financial measure ever enacted by Congress in an effort to boost the faltering U.S. economy during one of its most challenging periods in history. Also read: US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows US…

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The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. Also read: US Cash Crisis: Withdrawal Limits Spark Bank Run Fear China’s ‘Big Four’ See Their Stocks Tumble No one has a clear idea where this is going or what comes next for the planet’s financial system. What’s obvious, however, is…

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The embattled Telegram Open Network (TON) blockchain and its native gram cryptocurrency have seen plans for launch stifled once again, with a preliminary injunction granted by Southern District of New York Judge P. Kevin Castel. The March 24 injunction sides with the U.S. Securities and Exchange Commission (SEC), concluding that the messaging giant’s plans “amount to the distribution of securities, thereby requiring compliance with section 5.” Also read: Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures More Delays for TON “The Court finds that the SEC…

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Privacy-oriented Brave has launched cryptocurrency trading within its browser. The company announced on Tuesday that over 12 million active monthly users of the privacy browser can now buy and sell cryptocurrencies, view their crypto balances, and obtain deposit addresses without leaving the browser. Also read: 2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It Brave Launches In-Browser Crypto Trading Through Binance Users of the privacy-oriented Brave browser now have the ability to trade cryptocurrencies directly within the software interface, thanks to a partnership between its maker, Brave…

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The Bitcoin SV network has been a topic of conversation recently as stealth miners currently command more than 55% of the chain’s overall hashrate during the last seven days. Last year analysts noticed a large amount of the hashrate on all three SHA256 networks (BTC, BCH, and BSV) was being processed by mystery miners. Since then both BTC and BCH only have a small percentage of stealth miners hashing away at each network. Meanwhile, BSV and the coin’s community of participants currently face a block reward reduction 16 days from…

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In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency US: Proposal to Issue Two $1 Trillion Coins, Covid-19 Responses, State Cryptocurrency Bills Governments worldwide are in a panic mode as the number of covid-19 cases has…

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