The Linux Foundation is forming a new organization, called the Openwallet Foundation, to support the development of open-source cryptocurrency wallets. This and more news is in this handy daily digest so you're always up to date with the latest developments happening within the crypto world.
OpenWallet Foundation, the new organization that will form the Linux Foundation
📍According to the Linux Foundation, the OpenWallet Foundation will develop a secure, multi-purpose open-source engine for building interoperable cryptocurrency wallets. Through this new organization, the Linux Foundation seeks to create an open-source software stack to advance a plurality of interoperable crypto wallets, in order to develop a broad range of uses for this type of tools in the crypto industry.
Fidelity, Charles Schwab and Citadel Securities launch cryptocurrency trading platform
📍Fidelity and two other companies have launched a crypto trading platform to introduce their clients to the digital world. The investment fund has partnered with Charles Schwab and Citadel Securities to launch a cryptocurrency exchange focused on offering investors the ability to trade crypto assets safely, quickly and efficiently through trusted intermediaries.
In a press release, the companies reported that the new exchange, called EDX Markets, will offer a highly liquid cryptocurrency ecosystem.
Galaxy Digital CEO Mike Novogratz had said during the SALT New York 2022 conference that the investment fund was preparing to open up retail cryptocurrency trading to its millions of customers. Novogratz had revealed to U.Today that this new service would be coming very soon.
Fidelity Investments has been offering its institutional clients access to Bitcoin for years, through various exchange-traded funds (ETFs).
Interacting with Tornado Cash source code is not illegal
📍The U.S. Treasury Department is clarifying several questions about Tornado Cash, including the use of its source code and the withdrawal of funds. According to the Treasury, interacting with the Torcado Cash source code It is not considered a violation of the law, so users can copy the code, publish it online or in print, or, as in the case of Professor Matthew Green of Johns Hopkins University, use it to teach your students about privacy in cryptocurrencies. All of this is not considered an illegal activity. Transactions through Tornado Cash are considered illegal in the United States.
On the other hand, the Treasury informed Tornado Cash users, who initiated transactions before the sanctions against the platform were imposed and whose transactions were left pending, to request a license from the Office of Foreign Assets Control (OFAC) to access and proceed with the withdrawal of their funds. However, accessing this license requires users to send a series of personal data about their transactions to the agency.
What impact will Mt.Gox's 140.000 BTC refund have this week?
📍The 140.000 BTC refund from Mt.Gox is expected to happen later this week. On his Twitter account, cryptocurrency investor Miles Deutscher pointed out a number of important events that will occur this week and that will impact the cryptocurrency market. Among these events are the arrival of The Merge on Ethereum and the long-awaited reimbursement of part of the bitcoins stolen from Mt. Gox in 2014.
The deadline for returning at least 140.000 BTC to Mt. Gox users is this Friday, September 16, so it is likely that affected users will receive part of their funds back by the end of this week.
Although the refund of 140.000 BTC is a topic that has caused concern in the crypto community, a creditor of the exchange assured last month that these BTC will be released progressively into the market, to avoid a massive collapse in prices and protect the stability of users and investors.
Another of the important dates for the crypto industry this month is the arrival of Cardano's Vasil upgrade, scheduled for next Thursday, September 22, Deutscher recalled.
Continue reading: Cryptocurrencies are trading down 5,2% after US inflation data
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
