Coinbase UK wants to be excluded from a cryptocurrency theft case

Coinbase UK reaches agreement to be excluded from cryptocurrency theft

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1 Relevant aspects about the digital yuan

3 Blockchain projects of interest, presented in Naples

Liam Robertson was the victim of a phishing hack of the email, which lost 80 BTC, worth over $ 800,000. 60 Bitcoins were transferred to a Coinbase UK wallet and the rest to exchanges. The victim of the attack subsequently obtained a Bankers Trust order to force Coinbase to reveal the identity of the wallet holder. Also, the judge ordered the exchange to block the respective funds.

Coinbase has entered into an agreement for an undisclosed amount to be excluded from the trial. According to Robertson’s lawyers, the case is important because it helps clarify the status of Bitcoin as a property in the UK.

Relevant aspects about the digital yuan

The central bank of China is making progress toward launching a CBDC digital currency, which is not the same as a cryptocurrency. There are important issues to consider: people’s identities will be linked to wallets holding digital currencies, and authorities will be able to monitor transactions. There were also proposals to impose a daily limit on transactions with the digital yuan.

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Also, commercial banks will send daily reports on transactions made by users through digital currency.

Although no official confirmation has yet been received, the digital yuan will apparently be based on national currency and will operate on two levels. The central bank will distribute it to commercial banks, which in turn will transfer it to users. In this respect, CBDC does not fall into the cryptocurrency category.

Given that China’s current e-payment ecosystem is quite developed, it remains to be seen how CBDC will compete with existing options such as Alipay and WeChat Pay.

Binance US launches next week

The platform dedicated to Americans, Binance.US, will be launched in the US next week.

Binance.US has stated that the platform will open registration and deposits on September 18. According to the company’s blog, users will be able to deposit six cryptocurrencies: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and Tether. The date when the actual trading will begin has not yet been confirmed.

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Binance.US has not yet submitted the documentation required to operate in New York State, where the criteria for obtaining BitLicense are quite tough.

Blockchain projects of interest, presented in Naples

Between 12 and 13 September, the conference “Insert law to continue” will be held in Naples, organized by Federico II University and the local town hall. During the event, several topics will be addressed regarding the implementation of blockchain technology, presented by the Digital Culture Association of Naples and the Naples Blockchain Association.

These include an e-voting system and the Napay POS system developed by the Blockchain Association to allow companies to accept payments in Bitcoin and other cryptocurrencies. Currently, the city of Naples is working on a token project that offers different benefits to the inhabitants.

Details on the event with free entry can be found on the official website.