Month: July 2021

Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as the company continues to attract local investors.  In the latest run-in with the government, the Directorate of Enforcement (ED) issued a show-cause notice to WazirX for allegedly violating the Foreign Exchange Management Act in relation to transactions worth 2,790.74 crore
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An aspirant to the post of commissioner with the Kenyan Independent Electoral and Boundaries Commission (IEBC) has urged the elections body to consider adopting blockchain technology. According to Justus Abonyo, a former official with the Social Democratic Party of Kenya, doing this will help Kenya reduce the cost of “running an election by up to
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Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com. The latest mining difficulty adjustment occurred at
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An investigation by a global media consortium based on leaked targeting data provides further evidence that military-grade malware from Israel-based NSO Group, the world’s most infamous hacker-for-hire outfit, is being used to spy on journalists, human rights activists, and political dissidents. From a list of more than 50,000 cellphone numbers obtained by the Paris-based journalism
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The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be effectively regulated.  In their paper, which was published in SSRN’s eLibrary on July 17, Gorton and Zhang argue that “privately produced monies” such as stablecoins are “not an effective medium of exchange because
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