Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork

January 26, 2023 Bitcoin.com

While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9 […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

China to Crack Down on Copyright Infringement Through NFTs

September 10, 2022 Bitcoin.com

Art

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners

July 9, 2022 Bitcoin.com

bitcoin.com

Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. Tavanir Raises Fines for Illegal Cryptocurrency Mining The Iran Power Generation, Transmission and Distribution Company (Tavanir) has adopted new, […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

June 24, 2022 Bitcoin.com

Aksakov

A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital Currencies Outside Law Persons […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

May 14, 2022 Bitcoin.com

bitcoin farms

Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions

May 7, 2022 Bitcoin.com

bitcoin.com

Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility of bitcoin and the like. Crypto Assets Not Viable Option for Sanctioned Russia, Moody’s Report Suggests […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says

April 20, 2022 Bitcoin.com

bitcoin.com

Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. War, Sanctions Lead to Wider Spread of Crypto Assets, Report […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

EU Bans High-Value Crypto Services to Russia in New Round of Sanctions

April 10, 2022 Bitcoin.com

bitcoin.com

European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents. EU Limits Russian Crypto Wallet Deposits to €10,000 Expanding its sanctions in response to the Russian military […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Sanctions May Not Affect Russia’s Access to Crypto, Reports Claim

February 25, 2022 Bitcoin.com

assault

As sanctions rain on Russia, following the Kremlin’s decision to invade Ukraine, media reports have suggested that they are unlikely to limit the country’s access to crypto assets. While the Russian elite may use them to circumvent restrictions, ordinary Russians are also likely to keep trading digital coins on foreign platforms. Cryptocurrencies Deemed Potential Tool […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad

February 13, 2022 Bitcoin.com

amendment

The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal by the Court of Justice of the European Union […]

penalties

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