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Pennsylvania House of Representatives Passes Bi-Partisan Crypto Bill Protecting Citizens’ Rights to Self-Custody

Pennsylvania House of Representatives Passes Bi-Partisan Crypto Bill Protecting Citizens’ Rights to Self-Custody

Pennsylvania’s House of Representative is passing a new bi-partisan crypto bill that protects the self-custody rights of customers, establishes Bitcoin (BTC) as a valid payment method, and provides clear guidelines on how BTC transactions should be taxed. According to new documents, Pennsylvania’s House passed the bill – known as the “Bitcoin Rights bill” – earlier […]

The post Pennsylvania House of Representatives Passes Bi-Partisan Crypto Bill Protecting Citizens’ Rights to Self-Custody appeared first on The Daily Hodl.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Green United loses bid to dismiss $18M crypto mining fraud suit

The defendants are accused of operating a fraudulent crypto-mining operation that sold mining equipment for a blockchain that didn’t exist. 

Green United LLC has lost its bid to dismiss a lawsuit from the United States Securities and Exchange Commission, which has accused its executives of operating a fraudulent crypto mining scheme that raked in $18 million from investors.

Defendants Wright Thurston and Kristoffer Krohn — who operated cryptocurrency mining firm Green United LLC — were accused by the SEC of fraudulently offering securities in March after selling “Green Boxes” and “Green nodes” marketed as miners for the GREEN token on the “Green Blockchain.”

In the Sept. 23 decision, Judge Ann Marie McIff Allen said the defendants failed to rebut the SEC’s securities allegations, stating that the “SEC has adequately alleged all necessary elements of a security in the form of an investment contract.”

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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

European Investment Bank taps blockchain for Climate Awareness Bond

The Swedish krona-based Climate Awareness Bond will be issued on a blockchain that incentivizes node operators to improve environmental footprint of infrastructure.

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure.

An announcement from the financial institution outlined the key points of a ‘digital native green bond’ denominated in Swedish krona. The 1 billion kr bond is set to offer a 3.638% fixed rate over two years to institutional investors.

The Climate Awareness Bond is also being touted as the first blockchain-based bond to be registered on the Luxembourg Stock Exchange Securities Official List and displayed on the Luxembourg Green Exchange.

The bond will operate on the recently launched sustainable blockchain digital bond platform So|bond. As Cointelegraph previously reported, the platform allows issuing, trading and settlement of digital bonds using pro-environmental incentives for its node operators.

So|bond’s Proof of Climate awaReness protocol incentivizes nodes to reduce environmental impact of their infrastructure. This is done by remunerating nodes according to a formula linked to their climate impact, with lower impact ratings resulting in higher rewards.

French-based IT provider Finaxys developed the protocol, while So|bond itself is a joint project operated by Skandinaviska Enskilda Banken (SEB) and Credit Agricole CIB.

A statement fromEIB vice-president Ricardo Mourinho Felix said the first-ever green and SEK-denominated bond aims to harness blockchain technology to move towards more sustainable financial systems:

“This Climate Awareness bond will run on a platform designed to minimise the environmental footprint of the IT infrastructure.”

Ben Powell, head of sustainable DCM at SEB, added that blockchain technology adoption has been ‘restrained’ by perceptions of high energy consumption in recent years. So|bond looks to address the environmental impact of financial infrastructure by using technology that has typically been criticized for its carbon footprint:

“The platform we have built aims to address this by introducing a disclosure of the environmental footprint of the operators of the network."

Cointelegraph has reached out to EIB to ascertain finer details of the bond and its prospective institutional buyers.

The EIB has been exploring the use of blockchain-based platforms for digital bonds over the past three years. News of a potential EIB issued Ethereum-based digital bond sent ETH to all-time highs in April 2021. 

The institution then settled a euro-denominated 100 million ($103.7 million) digital bond on a private blockchain platform in collaboration with Goldman Sachs and Société Générale Luxembourg.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin Blockchain

Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin BlockchainAccording to a post on the Reddit community r/bitcoin, an old file was discovered that may be linked to Julian Assange, the whistleblower and founder of Wikileaks. The encrypted 7zip file is in the output script from a transaction that took place on Jan. 5, 2017, and was mined at block height 446,713. Speculation Surrounds […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%

Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. 11, 2023. Founder and CEO of Ava Labs, Emin Gün Sirer, said the collaboration was a “big deal” and, in comparison with other blockchain announcements that involved […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year

Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next YearAfter Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Google Launches Blockchain Node Engine, Says ‘Ethereum Will Be the First Blockchain Supported’

Google Launches Blockchain Node Engine, Says ‘Ethereum Will Be the First Blockchain Supported’After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.” Google Launches Cloud-Based Blockchain Node Engine Alphabet Inc., otherwise known as […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved

With the countdown now under 24 hours for Cardano’s most ambitious upgrade, all three metrics necessary to launch the awaited Vasil upgrade have been met.

The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met.

A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK) states within the last 48 hours 13 cryptocurrency exchanges had confirmed their readiness for the hard fork, representing over 87% of Cardano’s (ADA) liquidity.

Of the top exchanges for ADA liquidity, Coinbase is the only exchange listed as “in progress” regarding its integration status, according to an ecosystem readiness page by IOHK.

However, a recent tweet by Coinbase has already hinted it will support the fork, saying ADA transactions will be halted for maintenance “for the Cardano Vasil hard fork.”

Originally intended for a June launch, the Vasil upgrade has seen its launch day twice rescheduled, most recently due to a bug discovered in Cardano’s prior node version which created incompatibility issues.

With an updated Vasil node in place, over 98% of mainnet blocks are now being created by the updated nodes, while the blockchain's top decentralized applications (DApps) have also confirmed their readiness, marking all three metrics needed for the upgrade go-ahead. 

News of the upgrade has seen social media chatter about ADA increase by 35.16% over the past seven days from Sept. 19 according to market intelligence platform Santiment, third behind Ripple (XRP) and Ethereum (ETH).

Once live, the upgrade will be the blockchain's most significant since its Alonzo hard fork in September last year, which brought functionality for smart contracts for the first time. This upgrade aims to bring smart contract enhancements, reduced costs, and increased throughput on the network.

IOHK said one of the most significant upgrades brought by the fork is faster block creation as they can be transmitted without full validation.

Related: Cardano outranks Bitcoin in global top intimate brands in new report

The Vasil upgrade is named after the late artist Vasil Stoyanov Dabov, a Cardano community member and ambassador who passed away in December 2021 due to a pulmonary embolism.

Currently, ADA’s price sits at $0.44 as per CoinGecko, down 3.4% over 24 hours and down over 85% from its $3.09 all-time high from Sept. 2nd, 2021.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Coinbase Cloud launches platform for web3 developers

Starting today, developers have free and instant blockchain API access with Node by Coinbase Cloud

TL;DR: Coinbase Cloud enables web3 developers to build their web3 applications with instant and reliable read/write blockchain access using Node.

By Luv Kothari, Group Product Manager, Coinbase Cloud; Sriram Raman, Product Manager, Coinbase Cloud

Web3 development is complex. One needs to learn new programming languages, blockchain technologies, and on top of that, there are many protocols to support. Coinbase Cloud is committed to helping Web3 developers do what they do best… BUIDL. That’s why we’re taking our experience developing Web3 products for DeFi, staking and blockchain infrastructure and making this technology accessible for free to developers around the world, starting with the launch of Node.

Node empowers developers to build and monitor their Web3 applications from an easy-to-use platform with instant read/write access to blockchains and powerful data indexers to speed up responses.

Node, formerly known as Query & Transact, has been serving dedicated, paid nodes to enterprises for read/write access to 25+ blockchains since 2020.

Since then, we’ve been listening to the developer community and heard a demand for a developer version of Node. Which is why we are launching a free plan for developers building on Ethereum, providing self-serve and instant accessibility to blockchain nodes via API. Additionally, we are launching new Advanced APIs to simplify querying the blockchain and powerful new NFT APIs to developers around the world.

Available with Node

Node developer platform provides self-serve API access credentials, metrics dashboards to monitor and manage web3 projects, and developer resources to get started with web3 development.

  • Build faster: Build and launch your Web3 application in minutes with Node instant API access.
  • Reduce costs & complexity: Save on upfront costs and scale seamlessly as your usage needs grow. Node allows you to focus on your products and customers leaving the hard bits of scaling blockchain infrastructure to us.
  • Rely on trusted services: Build your product with peace of mind, relying on enterprise-grade security and high availability infrastructure.
  • Advanced APIs: Abstract away the complexities of building on the blockchain with aggregated and filtered data in one API call. Easy-to-use queries provide comprehensive data for balances, transfers, and smart contract events.
  • NFT API: Build your NFT app with a few lines of code. Get the answers you need to the most critical NFT questions including data about collections, user transactions, and tokens.
  • 120K daily requests: Intended to be enough to reach meaningful adoption without incurring upfront costs for infrastructure*. If you need more capacity you can upgrade to another available plan.

Node is available starting today around the world. We believe the most exciting projects in web3 are on the horizon and we can’t wait to see what the community builds! Get started for free.

Coinbase Cloud

Coinbase Cloud makes it simple to build dapps. In addition to shared and dedicated nodes, Coinbase Cloud offers a fiat on-ramp with Pay SDK, trading APIs, Wallet SDK, and more. Our vision is to provide everything devs need to quickly, easily, and securely build amazing web3 apps.

Get started with Node on Coinbase Cloud or check out the developer documentation for more information.

*This is not a guarantee. Needs may vary significantly on a case-by-case basis.

Features and services may vary depending on the selected plan, and some plans may be subject to subscription fees and/or additional fees, costs or customized pricing.

Legalese/Disclaimers

This document and the information contained herein is not a recommendation or endorsement of any digital asset, protocol, network, or project. However, Coinbase may have, or may in the future have, a significant financial interest in, and may receive compensation for services related to one or more of the digital assets, protocols, networks, entities, projects, and/or ventures discussed herein. The risk of loss in cryptocurrency, including staking, can be substantial and nothing herein is intended to be a guarantee against the possibility of loss.

This document and the content contained herein are based on information which is believed to be reliable and has been obtained from sources believed to be reliable, but Coinbase makes no representation or warranty, express, or implied, as to the fairness, accuracy, adequacy, reasonableness, or completeness of such information, and, without limiting the foregoing or anything else in this disclaimer, all information provided herein is subject to modification by the underlying protocol network.

Any use of Coinbase’s services may be contingent on completion of Coinbase’s onboarding process and is Coinbase’s sole discretion, including entrance into applicable legal documentation and will be, at all times, subject to and governed by Coinbase’s policies, including without limitation, its terms of service and privacy policy, as may be amended from time to time.


Coinbase Cloud launches platform for web3 developers was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required

When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and the message encoded in the genesis block, it’s that centralized […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse