Ethereum Blockchain Produced Equivalent of Honduras’ Annual Emissions Before Upgrade

[ad_1] LONDON(Reuters) – The Ethereum blockchain’s historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions of Honduras, a University of Cambridge study showed on Friday. Blockchains – the digital ledgers that underpin cryptocurrencies – typically consume large amounts of energy as they produce coins and process transactions, … Read more

Cristiano Ronaldo Faces $1B Class-Action Lawsuit After Promoting for Binance NFTs

[ad_1] NEW YORK (AP) — Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance. The lawsuit filed in federal court in the Southern District of Florida Monday alleges that … Read more

New Crypto Front Emerges in Israel’s Militant Financing Fight

[ad_1] By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – A new front has emerged in Israel’s fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron that until recently attracted less scrutiny than Bitcoin. Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival … Read more

Ex-Binance CEO Zhao Urges Judge to Allow Him to Leave US Before Sentencing

[ad_1] (Reuters) – Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department’s request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements. Zhao’s lawyers in a Thursday filing asked U.S. District Judge Richard Jones … Read more

Analysis-Binance CEO Teng Braced for Uphill Battle in Post-Zhao Era

[ad_1] By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – Spiralling compliance costs, ongoing legal headaches and a shrinking share of the market: Binance’s new chief Richard Teng faces daunting challenges in turning a new leaf for the world’s biggest crypto exchange. Teng was quickly appointed CEO this week after Binance’s founder Changpeng Zhao pleaded … Read more

Australian Bourse Operator Partners With TCS for Trading Software Replacement

[ad_1] (Reuters) – Australian bourse operator ASX Ltd said on Monday it would proceed with a product-based solution delivered by TATA Consultancy Services to design and replace its trading, clearing and settlement system. ASX said it would implement the new platform in two main releases, with the clearing service to be delivered in a first … Read more