The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets, set to be launched on Feb. 18. Cryptocurrencies would function in the legal industry only if they have complete identification through the banking system or licensed intermediaries. Kommersant notes that Bitcoin (BTC) transactions and possession of cryptocurrency in the Russian Federation are not…
Day: February 9, 2022
Ilya Lichtenstein and Heather Morgan
The recovery of the stolen BTC from the 2016 Bitfinex hack was the news of the day. That story’s protagonists, though, they’re legends in the making. You can already tell that Ilya Lichtenstein and Heather Morgan will live forever in meme form. The story is so unlikely that many people in the Bitcoin community are doubtful that it happened as reported. Related Reading | Bitcoin Stolen From Bitfinex Hack Moved For The First Time In Five Years Could this tech entrepreneur and this writer/ rapper have hacked a cryptocurrency exchange?…
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The Rabbids Invade the Metaverse as The Sandbox Partners With Gaming Giant Ubisoft – Metaverse Bitcoin News
On February 8, the subsidiary of Animoca Brands and the decentralized gaming virtual world project, The Sandbox, announced the company has partnered with the French video game company Ubisoft. According to the announcement, Ubisoft will have its own land in the virtual metaverse, and the world will begin by featuring voxelized versions of Rabbids’ characters. The Sandbox Partners With Ubisoft, Multimedia Game Franchise Owner to Bring IP Elements to the Sandbox Gaming Metaverse Ubisoft and the Rabbids are coming to the blockchain-based virtual world The Sandbox, according to an announcement…
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Dvision Network 2nd LAND Sale on Polygon Successfully Takes Place – Press release Bitcoin News
press release PRESS RELEASE. Dvision Network’s second LAND sale has now been successfully conducted on the Polygon Mainnet. As a matter of fact, all 4650 LAND NFTs offered on the primary sale had been sold out at an incredibly fast pace, sealing the successful sold out both on Dvision Marketplace as well as OpenSea. The original first LAND sale had occurred not too long ago, and it was similarly successful, which became the largest LAND NFT Sale to occur on Binance Smart Chain’s history, completing the LAND Sale on Binance…
Federal Judge Praises Crypto Analytics Tools in $3.6B Bitcoin Seizure Case
“Cryptocurrency and related software analytics tools are ‘the wave of the future, Dude. One hundred percent electronic,’” Faruqui concluded, tipping his hat to Jeff “The Dude” Lebowski, the rug-loving stoner lead character in the 1998 movie “The Big Lebowski.” Original
What is a Yat and why are people paying $425K for emojis?
Will emojis become the Web3 version of a username? That’s what Nashville-based tech startup Yat believes and with 160,000 sold worth a combined $20 million, it seems plenty of ordinary people agree. A Yat is a string of between one and five emojis that can be used as your digital username, website URL and as a payment address for your digital wallet. It’s sort of a cross between a nonfungible token (NFT) and domain address — though not all Yats are tokenized. “Yat lets you use emojis as your universal…
Puppy Bowl Partners With Chronicle For Exclusive NFT Collection
As the digital asset space grows, new use cases are found for blockchain, the technology behind this investment class. One of the most popular ways this technology has been used lately is with NFTs. These tokens have become incredibly desirable, with almost $41 billion being spent on the NFT marketplaces in 2021 alone. The NFT craze continues on its non-stop upwards trajectory as Discovery Inc. throws its hats into the ring with their own collection for the Puppy Bowl, a companion event to the Super Bowl where puppies play football.…
AssangeDAO concludes raise with $53M to help Julian fight for freedom
The Decentralized Autonomous Organization (DAO) supporting Wikileaks founder Julian Assange’s legal plight has concluded its raise, generating a whooping 17,422 Ether (ETH) worth roughly $53.7 million. As previously reported by Cointelegraph, the AssangeDAO intends to use the fund to bid on a one-of-one NFT from a drop called “Censored” by digital artist Pak in collaboration with Assange. The proceeds of the sale will go towards Assange’s defense fund and additional awareness campaigns as he fights extradition to the U.S. this month. Assange has been languishing in a U.K. jail for…