Pos Indonesia, the state-owned postal service of Indonesia, has launched its first-ever postage stamp with a non-fungible token (NFT) counterpart. The newly unveiled stamp features “Cenderawasih,” the bird of paradise, and offers both a physical and digital version, aiming to merge traditional postage with blockchain technology. Announced through the company’s Instagram page, the NFT stamps...
Bitcoin mining company NewRays has filed a lawsuit against Arkansas County Judge Allen Dodson and prosecuting attorney Phil Murphy, accusing them of selectively enforcing noise regulations against its crypto mining operations. The lawsuit, filed on Sept. 26, claims that the enforcement of newly enacted local laws unfairly targets the firm’s business while benefiting a civil...
Vice President Kamala Harris has reaffirmed her administration’s commitment to ensuring that the United States becomes the world leader in emerging technologies such as blockchain, artificial intelligence (AI), and quantum computing. Speaking at The Economic Club of Pittsburgh on Sept. 25, Harris emphasized the importance of maintaining American dominance in these fields to remain competitive...
Ethereum co-founder Vitalik Buterin has publicly praised Celo for a major achievement in the use of stablecoins on its blockchain. In a post on X (formerly Twitter) on Sept. 25, Buterin commended Celo for surpassing Tron in daily active addresses for stablecoins, highlighting the platform’s growing role in improving global access to finance. “This is...
Swedish authorities have intensified their scrutiny of cryptocurrency exchanges, labeling some as “professional money launderers (PML)” due to their involvement in facilitating organized crime. According to a recent report by the Swedish Police Authority and the Financial Intelligence Unit (FIU), unlicensed and illegal cryptocurrency exchanges are being used systematically to launder money across multiple criminal...
Global asset manager WisdomTree has unveiled its latest blockchain platform, WisdomTreeConnect, designed to capitalize on the growing demand for tokenized real-world assets (RWAs). The platform, which operates alongside WisdomTree’s retail application, WisdomTree Prime, aims to facilitate easier trading options for both institutional and retail users by offering digital assets across multiple blockchain networks. WisdomTreeConnect will...
U.S. Congressmen Tom Emmer and Patrick McHenry have voiced strong opposition to the Securities and Exchange Commission’s (SEC) approach to regulating blockchain technology, particularly its stance on digital asset airdrops. In a letter addressed to SEC Chair Gary Gensler, the lawmakers questioned the rationale behind the SEC’s classification of airdrops as securities, arguing that the...
Bitcoin may be set for increased volatility as the United States Federal Reserve prepares to announce its first interest rate cut since the onset of the COVID-19 pandemic. Currently trading at $59,656, Bitcoin has lost key support at the $60,000 level, and analysts suggest the Fed’s decision could introduce more uncertainty into the market. Bitfinex...
On Sept. 18, the United States House Subcommittee on Digital Assets, Financial Technology, and Inclusion will host a hearing titled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets.” The hearing will feature testimony from two former Securities and Exchange Commission (SEC) officials and industry leaders, aiming to scrutinize the agency’s handling...
The United Kingdom government has introduced a bill aimed at clarifying the legal status of cryptocurrencies, non-fungible tokens (NFTs), and other digital assets. The proposed Property Bill, announced on Sept. 11, seeks to create an additional property category under UK law, recognizing digital assets as “things.” The new legislation would address the evolving nature of...
