Illinois Lawmaker Floats Bill to Reverse Blockchain Transactions

• Illinois Sen. Robert Peters has introduced the Digital Property Protection Act, which aims to mandate blockchain projects in the state to reverse executed on-chain transactions when ordered by a court. • The bill would impose civil penalties of between $5,000 and $10,000 per day for noncompliance with court orders to roll back disputed transactions. […]

Binance Ends Wallet Services for WazirX After Dispute

• Binance has stopped its wallet services for the Indian cryptocurrency platform WazirX following a public argument over ownership. • Binance gave Zanmai Labs an ultimatum to withdraw their false statements or end the partnership, and since no satisfactory reply was received, they have discontinued their association. • The proof of reserves report showed that […]