Bitcoin’s ‘hazardous’ airdrop: Why developers are warning against Paul Sztorc’s eCash fork

The eCash fork proposed by Paul Sztorc was considered a debate surrounding Bitcoin principles. But among developers and infrastructure builders, a different explanation is gaining ground. They believe that this is not a real Bitcoin fork. It’s an airdrop, and potentially dangerous. “I am firmly opposed to Paul’s fork, but not because it represents what…

Read More

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

Within hours of U.S. Sens. Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) releasing a compromise text on stablecoin yields in the Digital Asset Market Clarity Act on Friday, the last major sticking point in the bill, cryptocurrency trade groups called for a markup on key market structure legislation. The text prohibits cryptocurrency companies from paying…

Read More

Brazil’s central bank bans stablecoin and crypto settlement in cross-border payments

Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, Bitcoin or other cryptocurrencies to settle overseas remittances. BCB Resolution 561, issued on April 30, updates the rules for eFX, Brazil’s regulatory system for digital international payments, purchases, withdrawals and transfers. The rule takes effect on October 1, with an adjustment deadline…

Read More