The man in control of the biggest Bitcoin corporate treasury said he shares the objectives but disagrees about the remedy detailed in the proposed temporary fork. Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary fork to limit non-monetary transactions on the Bitcoin network,...Continue Reading

US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead. US regulatory agencies missed the rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act on Saturday, which marked one year since the law was signed.  Several US regulatory agencies published proposed rules...Continue Reading

The proceedings come as South Korea’s Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and computer system incidents, leaving the scope of penalties uncertain. South Korea’s Financial Supervisory Service (FSS) has reportedly sent an inspection opinion letter to Dunamu, the operator of crypto exchange Upbit, regarding the $36 million hack from November...Continue Reading

Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting that this might lead to more partnerships between traditional electronic payment providers and Bitcoin startups. Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting...Continue Reading