Judge Ruth Bermudez Issued Decision in Silvergate Case

by Александр Пирогов | Mar 22, 2024 | Blog News

In a recent development, Silvergate Bank faces a class action lawsuit brought forth by FTX users, who accuse the bank of aiding and abetting fraud in the stock market, particularly through its association with Alameda Research, an affiliated trading company. On March...

Estonia Revamps Crypto Regulation Framework, Setting New Oversight Standards

by Александр Пирогов | Mar 22, 2024 | Blog News

Estonia has introduced a comprehensive overhaul of its crypto regulation framework, signaling a significant departure from its previous approach and establishing stricter oversight measures for digital asset businesses. Starting from 2026, crypto firms will fall under...

United Nations General Assembly Endorses Resolution on Artificial Intelligence

by Александр Пирогов | Mar 22, 2024 | Blog News

The United Nations General Assembly has endorsed a resolution concerning artificial intelligence (AI), marking a global effort to shape the development of this transformative technology. Initiated by the United States and supported by 123 countries, including China,...

Google Accepts Fine from French Competition Watchdog

by Александр Пирогов | Mar 21, 2024 | Blog News

Google has agreed to pay a fine imposed by the French government’s competition watchdog for a previous breach of European Union intellectual property (IP) laws related to its treatment of media publishers. The French competition authority raised concerns about...

Sweden’s Central Bank ‘Riksbank’ Releases Final Report on Digital Krona Pilot Project

by Александр Пирогов | Mar 21, 2024 | Blog News

The Riksbank has published its conclusive report on the ‘digital krona’ pilot project, focusing on end-user experiences and offline functionality. Released on March 20, the report delves into a new model for offline retail transactions, diverging from the one proposed...

Crackdown on Crypto Mining in Irkutsk, Russia: Illegal Miners Targeted

by Александр Пирогов | Mar 21, 2024 | Blog News

The Irkutsk Prosecution Service announced via Telegram that a 35-year-old crypto miner will face trial for allegedly stealing electricity in Cheremkhovo, a town in the Russian crypto mining hotspot of Irkutsk. This move comes amid a broader crackdown on illegal and...