U.S. Treasury proposes rules on cryptocurrency wallets

US Treasury unveils wallet regulation

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving non custodial wallets.

The announcement was unsurprising as Treasury Secretary Steven Mnuchin was rumored to be rushing out related regulations prior to President Trump’s term expiring.
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Use the Bitocoin.com wallet to swap between Bitcoin and Bitcoin Cash, or escape the volatility of the markets altogether with USDT and USDH.

In the news

According to Ledger's own testimony, the e-commerce marketing database was breached on June 25, 2020, and initiated an internal investigation soon thereafter.

The data contained emails of roughly a million Ledger customers, and thousands of clients had additional information leaked including phone numbers and residential addresses.

XRP Token plunges nearly 40% following SEC charges against Ripple

The SEC recently announced a $1.3 billion legal action against Ripple and two of its executives for allegedly conducting an unregistered security offering.
Ripple CEO Brad Garlinghouse has accused the US regulator of being biased against Ripple while appearing to give a free pass to BTC and ETH.

The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan.

The 5,593-page bill will give billions to foreign countries, millions to the Kennedy Center, and even includes a new law tucked away that would make illegal streaming a felony offense, but only offers $600 in relief to citizens.

As one report explains, the unusually high fee may have been the result of an “error made by the bitcoin user when manually constructing the transaction details.”
Alex Lebed, head of development at Xsigma Defi believes this may have happened “because certain wallets allow you to spend unlimited transaction fees in order to boost your transaction with the miners.”

Sponsored by FreeTON

Free TON achieves mainnet status after reaching ‘sufficient decentralization’
The community boasts more than 400 validators and 15 “fully formed geographical subgovernances,” the project’s equivalent of a decentralized autonomous organization, or DAO. Mitja Goroshevskiy, the chief technology officer of TON Labs, said that “sufficient decentralization” is also defined by the number of tokens distributed. Though this has not been fully achieved, as many tokens remain to be distributed, the process is now mature enough to consider the network decentralized.

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