Layer 2 activity has seen significant growth and has even surpassed Layer 1 Ethereum activity in certain performance metrics, such as transactions per second. Compared to Ethereum, Layer 2 networks have a higher total number of transactions per second...
The California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency lending platform MyConstant to halt the sale of its various cryptocurrency products due to alleged violations of state securities laws. The DFPI alleges that MyConstant's offering...
The government of British Columbia in Canada has announced that the state-owned electric utility company, BC Hydro, will not accept any new electricity connection requests from cryptocurrency miners for the next 18 months. The British Columbian government made the...
Republican Senator Pat Toomey is making the most of his final days in Congress by introducing a new stablecoin bill that he hopes will serve as a framework for future stablecoin regulation. According to a press release, he said,...
According to a tweet from Gemini co-founder Cameron Winklevoss, Gemini is part of a group of creditors that has given Genesis and Digital Currency Group a plan to "provide a path for the recovery of assets." At the peak...
When rumours of Elon Musk buying Twitter started circulating on social media, many thought, "Why not?" The guy has the means to do whatever he wants, including buying whatever he wants. After some legal wranglings and ramblings about what...
On November 7, 2022, the district court in New Hampshire granted summary judgment in favor of the US Securities and Exchange Commission (SEC) against the blockchain payment network LBRY. This was the SEC's third big win after beating Telegram...
Social Coop Limited, a company closely associated with Mask Network, a decentralized protocol that enables users to send encrypted messages and cryptocurrency payments through social media, has announced the acquisition of Pawoo.net, one of the biggest servers on the...
Hong Kong's Financial Services and the Treasury Bureau (FSTB) have established guidelines for the development of virtual assets and their ecosystems. They also intend to tokenize the Government Green Bond issuance as well as facilitate a possible launch of...
Australian cryptocurrency exchange Swyftx and share trading platform Superhero have cancelled their planned merger due to increased regulatory pressure from the government. The proposed merger, which was announced in June, was set to create a A$1.5 billion "digital and...
