Day: July 9, 2021

China’s Crypto Projects Plot Their Next Move: Stay or Flee

In Chinese, 出海 means “going abroad.” Colloquially, the term has come to refer to Chinese tech companies expanding their operations outside of China. Entrepreneurs often take pride in going abroad because it demonstrates the superiority of Chinese tech ( think of how ByteDance turned Douyin into TikTok and changed how social media is done globally).

Playboy Unwraps Its Miami Beach NFT Collection

As most people will tell you, they just buy Playboy for the articles. Maybe they should start looking at the pictures. The lifestyle brand behind the iconic magazine has partnered with SuperRare to release its first NFT collection with the platform—Playboy’s third in total—to be featured at Decentraland Art Week tomorrow, July 10. The exhibition,

BIS, IMF, World Bank Planning for Interoperable CBDCs

A joint committee of the BIS Innovation Hub, the International Monetary Fund (IMF), and the World Bank has proposed keeping interoperability in mind while designing central bank digital currencies (CBDCs) to foster the growth of cross-border payments. Interoperability Between CBDCs Several leading international financial officials want to make sure that CBDCs are interoperable. The BIS

77% of El Salvador Residents Believe Bukele’s Bitcoin Law Is Not a Wise Move

El Salvador President Nayib Bukele’s much-touted move to adopt Bitcoin as legal tender has foreigners more excited than Salvadorans themselves. According to a study commissioned by the Center for Citizen Studies (CEC) at Francisco Gavidia University (UFG), a local university in El Salvador’s capital San Salvador, three out of four Salvadorans (77%) see Bukele’s adoption

Swedish Fraudster Jailed 15 Years for $16 Million Crypto Con

A Swedish man has been jailed for 15 years for conning people out of $16 million in a crypto scam, the U.S. Department of Justice said Thursday. Roger Nils-Jonas Karlsson, 47, pleaded guilty earlier this year to securities fraud, wire fraud, and money laundering charges. Karlsson bought fancy homes, a racehorse and resort in Thailand

Someone Just Paid $12 Million Worth of Crypto for 101-Carat Diamond

A rare 101.38-carat pear-shaped D-Flawless diamond named “The Key 101.38” was sold by British-founded auction house Sotheby’s this Friday. An anonymous buyer from Hong Kong forked out a staggering $12 million worth of crypto for the gemstone. It’s not clear what cryptocurrency was used for the record-breaking purchase, but Sotheby’s only accepts Bitcoin and Ethereum.

New EU Agency Hopes to Curb Crypto Money Laundering

The European Union (EU) has proposed a new agency to crack down on cryptocurrency-related money laundering. EU Plans New Anti-Money Laundering Agency The European Union (EU) is planning on setting up an agency to establish a uniform anti-money laundering (AML) framework. According to a Reuters report, the European Commission is proposing an Anti-Money Laundering Authority

Ripple vs. SEC: Here's When William Hinman's Deposition May Take Place

Ads Ads Lawyers representing distributed ledger company Ripple and individual defendants, CEO Brad Garlinghouse and co-founder Chris Larsen, have informed Magistrate Judge Sarah Netburn that the deposition of former lawyer William Hinman has been rescheduled for July 19. A party that requests a deposition has to give written notice to every other party involved in First Exchange Approved to Offer Bank Transfers in Malta

Payments platform has become the first cryptocurrency firm to acquire Malta’s Electronic Money Institution (EMI) license, allowing it to issue payment cards and offer customers direct bank transfers. The license is in addition to the Virtual Financial Assets (VFA) license Malta Financial Services Authority (MFSA) awarded in May. “Being the first global cryptocurrency

Survey Indicates Most Salvadorans Have Bitcoin Doubts

A survey conducted by pollster Disruptiva found that 54% of Salvadorans did not approve of the government’s plan for Bitcoin adoption. Salvadorans Skeptical of Bitcoin as Legal Tender El Salvador’s new Bitcoin legislation may be less popular than anticipated. A survey conducted by Disruptiva, a pollster affiliated with Francisco Gavidia University, found that 54% of

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