Month: January 2022

UK Economic Affairs Committee unconvinced by prospect of retail CBDC

boss

The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC). Titled “Central bank digital currencies: a solution in search of a problem?,” the 52-page publication covers a litany of areas in relation to domestic CBDC endeavours, and regularly cites the preliminary research taskforce established by Bank of England and HM Treasury in April 2020. Over 50 individuals, including financial experts, university professors from…

Learn-to-Earn Platform Proof of Learn Raises $15M Round Led by New Enterprise Associates

Proof of Learn (POL), a Web 3 learn-to-earn platform, has raised $15 million in a funding round led by venture capital firm New Enterprise Associates. The firm will use the funding to spread awareness among users. POL will give users access to Web 3 employers through a careers marketplace, while letting them earn cryptocurrency and NFT rewards as they learn. Other investors in the round included Animoca Brands, GoldenTree Asset Management, gumi Cryptos Capital and Infinity Ventures Crypto. POL was co-founded by Filipino-American entrepreneur and former CEO of Care.com, Sheila…

Bitcoin Mining Firm Luxor Launches ASIC Trading Desk – Mining Bitcoin News

boss

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web portal explains that the company “will purchase…

BBTV launches crypto payment solution for media monetization

boss

Content creators on BroadbandTV Corporation (BBTV) will soon be able to get paid in crypto. BBTV recently announced Pay to Crypto, a payment solution that lets creators get paid in Bitcoin (BTC), Ether (ETH), and USD Stablecoin (USDC).  With the newly-launched solution, creators only need to choose a crypto asset and provide a compatible wallet address, and BBTV will send their earnings directly. For some creators, being paid directly in crypto is a welcome benefit. In the announcement, content creator Joseph Hogue expressed his delight, stating “Being paid directly in cryptocurrency saves…

When Art Meets Automobile

boss

Since their inception, cars have captivated artists. Cars have been featured in studios and galleries worldwide as objects of love, hate, and even as a fetish. And, more often than not, this is because artists are self-proclaimed fans of the art they create. With Web3 being a powerhouse of revolution, art has taken a whole new direction. NFTs are the new canvases auctioned and sold off on digital marketplaces within seconds. Artists genuinely have a new way of expressing themselves, and the sky’s the limit. Traditional artists like Phillipe Pasqua…

Tonga to copy El Salvador’s bill making Bitcoin legal tender, says former MP

boss

Another domino is lined up to fall down the route to Bitcoinization. On Wednesday, a former lawmaker of the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender.  In a series of tweets, Lord Fusitu’a, a former member of parliament for Tonga, released an ETA for Bitcoin becoming legal tender in Tonga. Copying El Salvador’s playbook, the move could onboard more than 100,000 Tongans onto the Bitcoin network. In his five-point plan, the chairman of the Global Organization of Parliamentarians Against Corruption describes the adoption path:…

Pakistan Plans to Ban Cryptocurrencies as Stance Hardens: Reports

The government of Pakistan and its central bank want to ban the use of cryptocurrencies, local media reported, citing a document submitted to a provincial court. The document was compiled by a committee headed by Sima Kamil, a deputy governor of the State Bank of Pakistan (SBP). Other members included representatives from the Ministry of Finance, the Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency of Pakistan (FIA). The submission is the first time a clear position has been taken by the central bank, according to…

Report Highlights Tech Firm Ryval’s Avalanche-Powered Litigation Tokenization Concept – Bitcoin News

boss

According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. Ryval’s Initial Litigation Offering Concept The trial lawyer Kyle Roche was recently interviewed by the Vice author Maxwell Strachan as Roche’s new tech startup Ryval was showcased for its litigation tokenization concept. Ryval co-founder Roche…