At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.
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Category: antitrust
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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just […]
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Blockchains and Antitrust Laws Share the Same Objective, Says Vitalik Buterin
Vitalik Buterin says both blockchain and antitrust laws have the same goal: preventing the creation of monopolies by imposing decentralization.
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Despite Supreme Court Ruling, Chile’s Antitrust Court Orders Banks to Keep Crypto Exchange Accounts Open
Following the ruling by Chile’s supreme court that a bank can legally close accounts of a crypto exchange, the country’s Court of Defense of Free Competition reaffirmed that banks must reopen crypto exchanges’ accounts. The Chilean antitrust court continues to hear the case alleging that banks exploit their dominant position to keep crypto exchanges off the […]
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