Uganda's Bitcoin trading volume ranged between $50,000 and $60,000 monthly, despite there existing a ban imposed by the government
Noah Baalessanvu, a crypto...
Threats such as the 51% attack are rendered obsolete given the sophistication of various control means such as Zero-knowledge mechanisms.
Certik has...
According to reports, only 58% of Meta's employees understand the company's metaverse vision.
Mashable reported that Horizon World, another metaverse going...
Somalia has approximately 155 million transactions, accounting for $2.7 billion monthly.
The Bank of Uganda showed interest in crypto businesses participation in its...
The relationship between cryptocurrency and the law becomes even more pronounced because no intermediary or authority has exclusive jurisdiction to settle cryptocurrency-related disputes. For instance, in a conventional financial transaction, if a party claims theft of their account credentials and fraudulent transfer of money from their account, their financial institution (such as a bank) can intervene and help resolve the matter.
However, suppose a parallel situation occurs on a blockchain platform. In that case, no mechanism is in place for settling such a dispute because cryptocurrency is decentralized and has no financial institutions that act as intermediaries. Accordingly, victims of cryptocurrency theft will likely have no legal avenue to compensate for their losses.
