🚨#XDC Fire, #Casterman on #MLETR, #ISOTC307 DLT WG, #Coinbase Sues #SEC, #Russia Crypto Ready!!🚨

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In the world of cryptocurrency, there are always new developments happening that are worth paying attention to. This past week has been no exception, with a number of news stories and updates emerging from various corners of the industry. Here are a few of the highlights that have caught our attention:

#XDC Fire

One of the biggest stories of the week was the announcement that XDC Network had been hit by a fire at one of their data centers. XDC is a blockchain platform that is designed for global trade and finance, and the fire had the potential to cause significant disruption to its operations. Fortunately, the XDC team has been able to ensure minimal impact to the network’s functionality and security, thanks to their disaster recovery plans and back-up measures. XDC’s resilience in the face of this challenge is a testament to the importance of disaster preparedness in the blockchain and crypto space.

#Casterman on #MLETR

Another notable event this week was the participation of Casterman, a Belgian publishing company, in the “Mapping the Landscape, Ecologies of New Technologies and Relationships” (#MLETR) project. This initiative brings together artists, researchers, and technologists to explore the various implications of digital technologies on ecological, social, and cultural systems. Casterman’s involvement highlights the growing recognition of the impact that blockchain and crypto can have on creative industries like publishing, and the need to explore how these technologies can be used in a sustainable and socially responsible way.

#ISOTC307 DLT WG

The International Organization for Standardization (ISO) Technical Committee 307 on Blockchain and Distributed Ledger Technologies (DLT) held its fourth plenary meeting this week. This working group is responsible for developing international standards for blockchain and DLT, and its ongoing work is crucial to ensuring the interoperability and durability of these technologies. Some of the topics discussed during the meeting included the role of blockchain and DLT in digital identity and supply chain management, as well as the need to balance innovation with security and privacy concerns.

#Coinbase Sues #SEC

Coinbase, one of the largest cryptocurrency exchanges in the world, made headlines this week by announcing that it had filed a lawsuit against the US Securities and Exchange Commission (SEC). The lawsuit relates to Coinbase’s proposed launch of a lending program for its customers, which the SEC has deemed would be considered securities and would therefore need to be registered with the agency. Coinbase argues that the SEC’s position is unclear and that it is hindering the development of the crypto industry. This lawsuit highlights the ongoing tension between regulators and crypto companies over issues such as investor protection, and the need for clearer guidelines and regulations to help both sides navigate this complex landscape.

#Russia Crypto Ready!!

Finally, news emerged this week that Russia could be on the verge of embracing crypto in a major way. The Russian central bank has reportedly drafted new legislation that would legalize cryptocurrencies and allow for their usage in financial transactions. This move would represent a major shift in Russia’s stance on crypto, which has previously been characterized by uncertainty and reluctance. The potential for Russia to become a major player in the crypto industry could have significant implications for the wider adoption and legitimacy of cryptocurrencies around the world.

Overall, these stories illustrate the diverse and dynamic nature of the blockchain and crypto space, and the ongoing developments that are shaping its evolution. From disaster preparedness and sustainability, to standardization efforts and regulatory challenges, there is much to explore and consider as the industry continues to grow and mature.