Venezuela Moves to Ban Cryptocurrency Mining Amid Power Concerns

by Александр Пирогов | May 20, 2024 | Blog News

The Venezuelan government has joined the growing list of countries clamping down on cryptocurrency mining due to its significant electricity demands. Venezuela’s Ministry of Electric Power has announced plans to disconnect cryptocurrency mining farms from the national...

Microsoft Faces Potential $2 Billion Fine in EU Over Bing AI Risks

by Александр Пирогов | May 20, 2024 | Blog News

Microsoft could be fined up to 1% of its annual revenue in the European Union if it fails to respond to an information request by May 27. This threat stems from a request under the EU’s Digital Services Act concerning the company’s Bing search engine and its...

DTCC and Chainlink Conclude Pilot Program for Tokenizing Traditional Finance Funds

by Александр Пирогов | May 17, 2024 | Blog News

The Depository Trust and Clearing Corporation (DTCC), the world’s largest settlement system, has partnered with blockchain oracle Chainlink to conclude a pilot program aimed at enhancing the tokenization of traditional finance funds. This pilot, named the Smart NAV...

SEBI Proposes Multi-Regulator Oversight for Cryptocurrency Trading in India

by Александр Пирогов | May 17, 2024 | Blog News

The Securities and Exchange Board of India (SEBI) has recommended that multiple regulators should oversee cryptocurrency trading in the country, according to documents recently disclosed and seen by Reuters. The proposal suggests that a division within India’s...

U.S. Senate Votes to Overturn SEC’s Controversial SAB 121

by Александр Пирогов | May 17, 2024 | Blog News

In a significant development for the cryptocurrency industry, the U.S. Senate has voted 60-38 to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). This controversial rule, which imposes regulatory burdens on digital...

EU’s MiCA Regulation Forces Tough Decisions for DeFi Protocols

by Александр Пирогов | May 16, 2024 | Blog News

New regulations in the European Union could soon compel decentralized finance (DeFi) protocols to make significant changes. The upcoming Markets in Crypto-Assets Regulation (MiCA), set to be fully enforced by the end of 2024, will impose licensing and Know Your...