roughgears
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11 months, 1 week agoEl Salvador Introduces Bitcoin Citizenship Law for Foreigners
The Legislative Assembly of El Salvador has passed a migration law that allows foreigners to obtain expedited citizenship by making Bitcoin donations to government programs. The law, which emphasizes support for…
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11 months, 1 week agoRipple vs SEC Lawsuit Enters Remedies Stage: Key Dates and Potential Implications Revealed
After three years of legal battles, the Ripple vs SEC lawsuit is entering its next phase in 2024. The focus now shifts to the remedies stage, with several key dates to mark in the calendar.On February 12, 2024, the…
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11 months, 1 week agoJapan's Cabinet Proposes Tax Breaks for Unrealized Crypto Gains
Japan’s Cabinet has approved a proposal to eliminate corporate tax on unrealized cryptocurrency gains, potentially revolutionizing the crypto landscape in the country. If this proposal becomes law, it would mean t…
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11 months, 1 week agoUBS Tops Global Job-Cut Rankings in 2023
The UBS, a Swiss bank, is set to make significant job cuts and early retirements starting from January. This development has raised concerns in the financial sector as the year comes to an end. According to a…
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11 months, 1 week agoMt. Gox Creditors Finally Receive Repayments After a Decade
After a decade-long wait, creditors of the Mt. Gox Bitcoin exchange are finally receiving repayments for their locked-up funds. Recent reports suggest that Mt. Gox has started distributing Japanese Yen refunds…
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11 months, 1 week agoBlackRock's Bitcoin ETF Faces Uncertainty with Third-Party Agent, SEC Approval in Question
BlackRock, the world’s largest asset management firm, has made an amendment to its Bitcoin ETF application, appointing a third-party broker known as a ‘Prime Execution Agent’ to handle the buying and selling of Bi…
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11 months, 1 week agoMortgage Rates Plummet, Catching Borrowers Off Guard
The interest rates for mortgages have significantly decreased, but many people seem to be unaware of this change. Financial experts have noticed that it can be challenging for individuals to stay informed about the…
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11 months, 1 week agoFTX Debtors Propose Litigation in Bankruptcy Case Over Acquisition of Stock-Clearing Platform Embed
The debtors of defunct cryptocurrency exchange FTX have proposed separate litigation in the bankruptcy case over acquiring stock-clearing platform Embed. The debtors have reached a proposed settlement with former…
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11 months, 1 week agoSEC Engages with Bitcoin ETF Applicants, Potential Approval on the Horizon
The US Securities and Exchange Commission (SEC) has set a December 29 deadline for Bitcoin spot ETF applicants to submit final S-1 amendments, indicating a potential move forward in the approval process. The SEC…
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11 months, 1 week agoCrypto Community Frustrated with SEC Chair's Lack of Clear Guidelines
Dogecoin co-founder Billy Markus, also known as Shibetoshi Nakamoto, has criticized Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), for not providing clear guidelines for the crypto…
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11 months, 1 week agoBitcoin Inventor Discovers the Devastating Consequences of Never Being Born
Satoshi, the inventor of Bitcoin, expresses his despair and wishes he had never been born due to the backlash and criticism he faces. An angel investor overhears this and proposes an intriguing idea. Suddenly, the…
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11 months, 1 week agoDeadline Approaching for Spot Bitcoin ETF Filings with SEC
The United States Securities and Exchange Commission (SEC) has set a deadline for spot Bitcoin exchange-traded fund (ETF) applicants to file final S-1 amendments by December 29. The SEC officials recently met with…
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11 months, 1 week agoLedger Vows to Compensate Victims and Strengthen Security Measures Following Cyber Attack
French cryptocurrency wallet company Ledger recently experienced a cyber attack in which its Connect Kit was compromised. The attackers injected a drainer code into the kit, allowing them to drain wallets connected…
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11 months, 1 week agoSwiss Banking Regulator Faces Criticism Over Handling of Credit Suisse Collapse
A recent article raises questions about the actions of the Swiss Financial Market Supervisory Authority (FINMA) in relation to the Credit Suisse (CS) bank. The article suggests that the Swiss government may have…
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11 months, 1 week agoSafe Collaborates with Sygnum and CoinCover to Launch Safe{RecoveryHub} for Crypto Account Recovery
Safe, Sygnum, and CoinCover have joined forces to launch Safe{RecoveryHub}, a platform that offers a range of recovery options for digital asset holders. With over 900K ETH (worth approximately $1.92 billion)…
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11 months, 1 week agoBitcoin ETF Approval Expected in 2024, Ethereum Upgrade Testing Begins, Ledger to Reimburse Crypto Victims
The penultimate week of the year brought some significant developments in the world of cryptocurrency. One of the most anticipated events is the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the…
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11 months, 1 week agoSafe, Sygnum, and CoinCover Collaborate to Launch Safe RecoveryHub, Revolutionizing Access to Digital Assets
Smart wallet infrastructure leader Safe has partnered with digital asset banking group Sygnum and recovery service provider CoinCover to introduce Safe RecoveryHub. This platform aims to address the challenge of…
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11 months, 1 week agoBlockchain Investigator ZachXBT Impersonated on Social Media, Caution Urged
Multiple fraudulent accounts have emerged on social media, posing as prominent blockchain investigator ZachXBT. This comes after the deactivation of his official account. Michael Khekoian, partnership director at…
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11 months, 1 week agoNigeria Lifts Restrictions on Crypto Transactions, Paving the Way for Intense Competition between Exchanges and P2P Merchants
The Central Bank of Nigeria (CBN) has lifted restrictions on Nigerian banks facilitating cryptocurrency transactions, according to a circular sent on Dec. 22. This move is expected to intensify competition between…
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11 months, 1 week agoHong Kong Regulators Open to Spot Crypto ETF Applications
Hong Kong’s financial regulatory bodies, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have announced that they are open to receiving applications for spot crypto e…
