Month: September 2023

Indian state governments spur blockchain adoption in public administration

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Ever since Bitcoin (BTC) popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration. What started as a flex statement for early adopters has now become a way of revamping legacy systems and improving immutability, transparency and decentralization. Despite its proven real-world use cases, most government agencies continue to take a cautious approach to adopting and infusing blockchain into their paper-based processes, given its predominant link to the cryptocurrency ecosystem. However, a change of heart is underway as emerging economies see blockchain…

Cøbra Can’t Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again

On Monday, London High Court Justice Richard Smith dismissed Cøbra’s appeal on the November ruling saying that, although there are several reasons why parties would legally request anonymity, including threat to life, Cøbra’s reasons for not identifying themselves seemed “not only unworkable but also risked undermining the very principles of natural justice” because they sought to remain anonymous “not only against the public at large, but against the Claimant [Wright] and the court as well.” Original Source 700KAnonCobraCraigFeesFightJudgeLegalRulesWright CryptoX Portal

Lawyer Involved In Cryptoqueen’s OneCoin Scam Receives Shocking Response From Court

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The OneCoin scam saga has continued to linger despite it being years since it took place, and this time around, a lawyer who was involved in the pyramid scheme has received a rather shocking response from the court.  OneCoin Lawyer Denied Retrial According to a report by Bloomberg, a US court has denied Mark Scott’s request to be granted a new trial. The lawyer is said to have helped launder $400 million as part of the proceeds from the scheme and was found guilty by the court in November 2019…

Bitcoin (BTC) Adoption Fund Launched by Nomura

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“Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital,” said Sebastien Guglietta, head of Laser Digital Asset Management. “Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend.” Original

Hong Kong Chief Executive Vows to Strengthen Crypto Regulations Following JPEX Fraud Allegations

The Hong Kong Securities and Futures Commission, in their statement regarding the arrest of the alledged fraudsters, pointed out that JPEX was not licensed and lacked the authority to host a cryptocurrency trading platform within the community. Hong Kong police arrested six individuals in connection with allegations of fraud related to an unlicensed cryptocurrency exchange known as JPEX. According to the securities, this exchange was operating without the necessary license and authorization. Consequently, Hong Kong’s Chief Executive, John Lee, made an announcement on Tuesday, stating that the territory is poised…

UK FCA Says It Made Crypto Firms, Banks Chat in Debanking Report Addressing Nigel Farage Allegations

The report, which follows allegations from broadcaster and former politician Nigel Farage that his bank account was shuttered over his political views, said “the most common reported reasons for personal and business account applications being declined, suspended or terminated were financial crime suspicions identified, due diligence concerns, and inactive/dormant accounts.” Source

How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school

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This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school.  On the latest episode of Decentralize with Cointelegraph, listeners can indulge in interview snippets, soundbites and pearls of wisdom from the likes of Blockstream CEO Adam Back and Tether chief technology officer Paolo Ardoino, as well as professionals in cybersecurity and from Chainalysis. Paolo Ardoino (left) in an interview with Joe Hall (right). Plus, hear from students who attended the school about what it’s like to live, breathe, sleep and study crypto for two weeks, 24/7. An Italian…

Olive Oil Prices Spike to Record Highs amid Drought-Induced Supply Crisis

Similarly, the global rice market is currently under pressure as China, the world’s top rice producer, deals with severe rain and flood concerns in its grain-producing north-eastern area. Olive oil, a staple in kitchens around the world, has recently become the center of attention due to an unprecedented surge in price. As severe droughts plague major olive-producing countries in the Mediterranean region, supplies are dwindling. Drought’s Grip on Olive Production The United States Department of Agriculture (USDA) highlighted in a recent report that in September, global Olive oil prices reached…