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Cryptocurrency investors filed 11 class action lawsuits against various digital currency issuers and exchanges last Friday, Reuters reports. The suits were filed in Manhattan’s U.S. District Court and accuse the companies and their executives of violating U.S. securities law by selling billions of dollars of unregistered digital assets.
Like other nations around the world, Venezuela’s medical community has been battling to contain the coronavirus. Now, that country’s government is apparently expressing its thanks for those doctors’ efforts by giving each doctor one petro cryptocurrency coin via a national airdrop.
Automobile giant General Motors has filed an application with the US Patent and Trademark Office seeking a patent for what it calls a Decentralized Distributed Map Using Blockchain, Forbes reports. The company reportedly believes that blockchain technology can reduce the costs associated with current vehicle mapping systems.
The current coronavirus pandemic has the potential to hasten the move toward digital payment options like central bank-issued digital currencies, according to the Bank of International Settlements. In a recent bulletin, the bank noted that there’s increasing public concern about physical cash’s potential for transmitting the virus, despite central banks’ active efforts to dispel those worries.
Australian blockchain technology firm Power Ledger has partnered with French green energy retailer ekWateur to roll out the new Vision blockchain-powered energy tracking platform. In an announcement released today, Power Ledger confirmed plans to provide more than 220,000 electricity meters with access to the platform.
State Duma Committee on Financial Markets Chair Anatoly Aksakov has confirmed that Russia’s new digital asset legislation is being delayed due to the ongoing Covid-19 pandemic, according to Russian media reports. In a recent interview, Aksakov said that the legislation has been finalized, but likely won’t be passed until late spring, as the legislature has turned its attention to measures needed to fight the coronavirus.
Students at the University of Malta recently conducted an election to choose student representatives, using a blockchain decentralized application, Crowdfund Insider reports. The application was reportedly created at the school, and relied on technology solutions from Vodafone:
Russian police this week arrested ten people suspected of operating an illicit cryptocurrency mining operation that stole some 15 million rubles worth of electricity each month. Authorities also seized about 2 million rubles, 1,500 mining devices, smartphones, and 100 electrical meters that the suspects allegedly altered.
Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement
The Monetary Authority of Singapore (MAS) announced this week that dozens of companies have received temporary exemptions from the recently-enacted Payments Services Act’s new licensing requirements. Among those companies listed in the announcement are major cryptocurrency firms like Coinbase, Binance, and Gemini Trust.
In April 2019, the Missoula County Board of Commissioners adopted new interim zoning regulations designed to address issues related to cryptocurrency mining in the country. In a unanimous decision, the board voted on Thursday to extend those regulations for another year beyond their original expiration date of April 3, 2020.