Fun

Mt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law Decoded

News Feed - 2024-07-09 04:07:00

Josh O"Sullivan4 hours agoMt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law DecodedThe Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolina’s CBDC ban was vetoed by the governor.2271 Total views2 Total sharesListen to article 0:00NewsletterOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe long-awaited repayment process for the creditors of the defunct crypto exchange Mt. Gox has commenced, with repayments in Bitcoin and Bitcoin Cash scheduled.


The development follows the November 2021 rehabilitation plan approval, supported by most of Mt. Gox’s creditors.


The trustee, Nobuaki Kobayashi, announced that eligible claimants would begin receiving compensation after enduring multiple delays since the exchange’s collapse in 2014.


The balance to be repaid stands at a significant $9 billion, which includes the Bitcoin (BTC) and Bitcoin Cash (BCH), as well as additional funds held by the trustee.North Carolina’s CBDC ban bill vetoed by governor


North Carolina Governor Roy Cooper vetoed a bill that banned the use of United States Federal Reserve-issued central bank digital currencies (CBDCs) within the state.


The proposed legislation, which garnered attention for its potential to set a precedent for other states, was rejected by the governor, citing that it would stifle innovation and the state’s economic interests.


The vetoed bill aimed to restrict the use of CBDCs, arguing that they could lead to a concentration of power in central authorities and pose risks to consumer privacy.


Despite the bill’s near-unanimous support in the state’s House of Representatives and Senate, Cooper stated the bill was too “premature, vague, and reactionary.”


Continue readingNew York Times AI lawsuit twist: OpenAI demands article sources


OpenAI, the AI research lab behind ChatGPT, filed court documents in the ongoing lawsuit requesting that The New York Times disclose its sources.


The NYT alleged that OpenAI used its articles to train AI models without permission or compensation.


The official disclosure request to the court escalates the case as OpenAI’s legal team argues that the sources are crucial for establishing the veracity and context of the publishers’ claims.


Continue readingFormer US solicitor general claims regulators want to “debank” crypto


Custodia Bank’s ongoing battle with federal regulators took a new turn this week after the crypto-native bank filed an appeal to the U.S. Supreme Court.


Donald Verrilli, a former U.S. solicitor general from 2011 to 2016, claimed that federal regulators were engaged in “aggressive, coordinated efforts to ‘debank’ the digital asset industry.”


The bank’s move follows a series of setbacks in its attempts to gain a Master Account with the Federal Reserve, which would allow it to offer a full suite of financial services.


Continue reading# Bitcoin# CBDC# Regulation# OpenAIAdd reaction

News Feed

Bitcoin, Ethereum Technical Analysis: ETH Finds Temporary Support, After Hitting 3-Week Low
Bitcoin, Ethereum Technical Analysis: ETH Finds Temporary Support, After Hitting 3-Week Low Ethereum found support on Tuesday, following a drop to a three-week low earlier in today
Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ana Paula Pereira3 hours agoWindows tool targeted by hackers deploys crypto-mining malwareSoftware installers affected are mainly used for 3D modeling and graphic design, with French being the most frequent language used
Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge
Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge After rising to a multi-week high over the weekend, ethereum consolidated on Monday, as
Elon Musk’s X ban dispute with Brazil takes toll on local crypto community
Daniel Ramirez-Escudero10 hours agoElon Musk’s X ban dispute with Brazil takes toll on local crypto communityBrazil’s ban on X sparks a battle over free speech between Elon Musk and the legal authorities, leaving Bra
Ethereum co-founders reflect on 10-year anniversary — EthCC
Gareth Jenkinson11 hours agoEthereum co-founders reflect on 10-year anniversary — EthCCEthereum co-founders Vitalik Buterin and Joseph Lubin reflect on the state of the network a decade after its creation.1488 Total vi
Bitcoin.com Celebrates Ethereum’s Birthday With $6000 Giveaway
Bitcoin.com Celebrates Ethereum’s Birthday With $6000 Giveaway July 30th marks the day, six years ago, Ethereum was launched. The Bitcoin.com Wallet, having ju
3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum’s 12 Month Gains
3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum"s 12 Month Gains While the price of bitcoin has been volatile during the last seven days, a number of smart contract p
Indonesian Government to Launch Crypto Bourse This Year, Official Says
Indonesian Government to Launch Crypto Bourse This Year, Official Says The Indonesian government is set to launch a crypto bourse by the end of this year, a high-ranking government
Binance Receives License to Offer More Crypto Services in Dubai
Binance Receives License to Offer More Crypto Services in Dubai Cryptocurrency Binance has received another license from Dubai’s crypto regulator. Binance can now provide mo
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryp
Gaming Platform Enjin and Metaverseme Merge NFTs With Augmented Reality to Enhance Gaming Experience
Gaming Platform Enjin and Metaverseme Merge NFTs With Augmented Reality to Enhance Gaming Experience The blockchain gaming platform, Enjin and Metaverseme, an au