Sen. Warren's Crypto "Crack Down" Bill Gains Momentum
Bitcoin Dev Denies Adding Inscriptions To CVE, FIFA Launches World Cup NFTs, First Bitcoin Bonds In El Salvador
Welcome to Coinfeeds Daily Digest! FTX is expressing its struggle with user fund recovery as the IRS seeks $24 billion in unpaid taxes from the company, China is rolling out a blockchain-based system called RealDID to be used for verifying citizen identities, U.S. Senator Elizabeth Warren has introduced a "crack down" bill to thwart illegal crypto activities that gained momentum and stirred debate. On a more technical side of the news, Uniswap is expanding on Bitcoin as the version v3 deploys on a Bitcoin sidechain Rootstock, and Bitcoin developer Luke Dashjr is denying having put inscriptions (Ordinals) on the National Vulnerability Database's CVE list.
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US Senator Warren Introduces Crypto "Crack Down" Bill
Senator Warren's bill, known as the Digital Asset Anti-Money Laundering Act, is designed to address concerns that cryptocurrencies are being used for illegal activities such as money laundering, drug trafficking, and evading sanctions. It includes measures like stricter KYC protocols, and monitoring transactions involving unhosted wallets. | Read More
Bitcoin Dev Luke Dashjr Denies Adding Inscriptions To CVE List, Community Debates
The Bitcoin community has been abuzz with a recent controversy involving the National Vulnerability Database's Common Vulnerabilities and Exposure (CVE) list. The core of the debate revolves around the addition of Bitcoin inscriptions to the list, a move that has sparked discussions about the implications for the Bitcoin network. | Read More
World's First Bitcoin Bonds Approved In El Salvador
El Salvador is making financial headlines as it gears up to introduce a groundbreaking investment opportunity with the world's first Bitcoin bonds, dubbed "Volcano Bonds." The country has officially received regulatory approval to launch these innovative bonds, with the first issuance expected in the early months of 2024. | Read More
FIFA Launches World Cup NFTs
FIFA is set to release a series of digital collectibles (NFTs), which could offer fans more than just a piece of virtual memorabilia. Some of these digital collectibles will come with the opportunity to secure tickets to one of the most sought-after events in the world: the 2026 FIFA World Cup final. | Read More
China To Verify Citizen IDs With New Blockchain System
China is set to revolutionize the way its citizens' identities are verified online with the introduction of a new blockchain-based platform. This initiative, known as RealDID, is part of the country's Blockchain-based Service Network (BSN) and aims to provide secure identity verification for its vast population of 1.4B people. | Read More
FTX: IRS Demand For $24B Tax Bill Is Delaying User Fund Recovery
FTX lawyers are challenging the IRS to justify its demand for billions in unpaid taxes. This dispute is creating a significant roadblock in the process of recovering and distributing user funds, which have been tied up since the exchange's bankruptcy filing. | Read More