Day: October 27, 2021

Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art Collective – Bitcoin News

After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized by the U.S. Marshals and sold for $4 million. Just recently, the public was told that the unreleased record called “Once Upon a Time in Shaolin” was sold to the non-fungible token (NFT) collectors syndicate called “Pleasrdao.” The New Owners of ‘Once…

Putin’s internet ombudsman pessimistic about crypto regulation

Despite Russian officials’ increased interest in cryptocurrencies like Bitcoin (BTC), Russia’s internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive. Dmitry Marinichev, Russia’s ombudsman for the protection of entrepreneurs’ rights under Russian President Vladimir Putin, discussed Russia’s approach to cryptocurrency regulations at a panel of a major local industry event, Blockchain Life 2021, on Wednesday. Russia will continue to take a restrictive stance on crypto because the Russian government doesn’t want Russian people making money with Bitcoin, Marinichev said: “I’m sure that Russian crypto policies will always be…

Cronies or Experts? Crypto’s Revolving Door Ignites a Debate

Brian Brooks went from a law firm to a bank to a mortgage company to a crypto exchange to America’s top banking regulatory agency to a crypto exchange again. He’s on the market again – but which way will it be, public sector or private? The lanky Colorado native with his shock of sandy-brown hair is quite familiar with the revolving door, and may even epitomize the best and the worst of the well-trodden corridor between private interests and public service. A dizzying number of former regulators – attracted by…

We Are Already Living in a Post-Scarcity World

While progress may be uneven, it is increasingly clear that many of us are starting to live – at least partially – in a post-scarcity world of unlimited supply. Futurists have talked about this possibility for so long, and it has seemed so far away, that we may be failing to observe its slow but steady arrival. In science fiction, this abundant future is often shown as a place of unlimited physical products, but it’s actually arriving as an era of unlimited digital services and ever cheaper, but not free,…

Why Trapped Longs At Bitcoin ATH Could Lead To More Downside

Bitcoin’s new all-time high this month has led to a number of interesting developments in the crypto space. The success of the first Bitcoin ETF contributed greatly to the price of BTC finally bursting through the $67K price point and with it has come to a spike in funding rates in the market. The ProShares ETF saw over $1 billion in trading volume in its first day, signaling increased inflows into the market. The spike in funding rates moved along with the price movements of BTC in the month of…

‘Open Finance’ Project Findora Launches $100M Ecosystem Fund

Privacy blockchain project Findora is launching a $100 million ecosystem fund “to accelerate the growth and development” of its community, the company announced on Wednesday. Findora also announced that after more than three months of testing, staking and delegation would be possible on the Findora Mainnet Beta. Findora described the fund as “part of a broader community-led commitment to support Findora ecosystem research, development and infrastructure projects building upon Findora’s privacy-preserving technology.” Developers will be able to apply for grants through the initiative. By staking on the Findora Mainnet Beta,…

Biden’s pick for CFTC chair wants the agency to be a ’beat cop’ with the authority to oversee 60% of digital asset market

Acting chairperson of the Commodity Futures Trading Commission, or CFTC, Rostin Behnam has likened the government agency’s enforcement of the digital asset space to a beat cop on duty. At a Wednesday hearing of the United States Senate Committee on Agriculture, Nutrition, and Forestry to assume his position on a permanent basis, Behnam told chairperson Debbie Stabenow the CFTC has been “aggressively pursuing enforcement cases” in the crypto space for some time, including its $100 million case against crypto derivatives exchange BitMEX and the $42.5 million in fines it levied against…

COINBASE CRASH/?! CRYPTO CRASH IS HERE?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io My Quick look at the coinbase website and keeping y’all updated with the crypto space. Check out my socials listed below to stay in touch ! ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

WWE, Blockchain Creative Labs Ink Deal to Launch NFT Marketplace

World Wrestling Entertainment (NYSE:WWE) has signed an agreement with Blockchain Creative Labs, to launch a non-fungible token (NFT) marketplace for licensed digital WWE tokens and collectibles, the company announced Wednesday. Blockchain Creative Labs is a new NFT business and creative studio owned by FOX Entertainment and Bento Box Entertainment. Blockchain Creative will work closely with WWE to create NFTs capturing memorable moments in wrestling, including WWE Superstars and events such as WrestleMania and SummerSlam. In order to take part in the WWE NFT marketplace, fans will need access to the…

River Financial to Let Clients Mine Bitcoin Without Having to Set Up, Run Machines

The product comes at a time when bitcoin mining has become a very lucrative business, due to its high margins and a rally in the price of the world’s biggest cryptocurrency. However, the challenges of setting up machines and the lack of access to cheap electricity has made moving into the sector challenging for new entrants. “Chip shortages, supply chain breakdowns, and high residential energy costs have made entering mining more difficult,” Leishman said in the press release. Original