Day: December 5, 2022

Most Influential Artist: Osinachi

The Nigerian artist creates one-of-a-kind images using Microsoft Word. For this season, he depicted Mikhaylo Federov, the Ukrainian official who raised about $200 million in crypto for that country’s war effort. Source

Most Influential: Osinachi

The Nigerian artist creates one-of-a-kind images using Microsoft Word. For this season, he depicted Mikhaylo Federov, the Ukrainian official who raised about $200 million in crypto for that country’s war effort. Source

Pakistan Set Up New Laws to Fastrack CBDC Launch

Pakistan is intensifying efforts to launch its CBDC and has issued a timeframe within which it’ll achieve its aim. Pakistan might be the latest in a long list of countries looking to harness the potential of using central bank-issued digital currencies (CBDC). This follows after it announced new regulations in hopes that they will ensure a successful CBDC launch by 2025. Pakistan Approves New EMI Laws, Eyes CBDC Launch As part of its efforts in this regard, the first aspect that Pakistan is looking to secure is the time frame…

How can UK-based businesses accept Bitcoin?

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Accepting Bitcoin payments is advantageous due to lower fees than credit and debit cards, expansion of customer base and real-time bank balances. However, risks like volatility and cybercrime may undermine these benefits. Cryptocurrency payments help save excessive credit and debit card processing fees as they are decentralized and do not need intermediaries to verify the transaction. Moreover, merchants do not incur overseas currency exchange changes if payments are made in BTC or other cryptocurrencies. High transaction speed is another benefit of accepting Bitcoin payments, allowing businesses to receive payments in…

Aave’s Social Media Protocol Lens Acquires NFT Mobile Game Sonar

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Most Influential Artist: Federico Solmi

Before the coronavirus pandemic, before non-fungible tokens picked up speed, Federico, 49, had a collector who’d come by his studio to discuss his work. “In 2019, he told me my work would be great as crypto art and I should consider NFTs,” Federico says. “I said, ‘What is crypto art?’” Source

USDC issuer Circle terminates SPAC merger with Concord

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According to a new press release published on Dec. 5, USD Coin (USDC) issuer Circle announced the mutual termination of its proposed merger with special purpose acquisition company, or SPAC, Concord Acquisition. The deal was announced in July 2021 with a preliminary valuation of $4.5 billion and was then amended in February 2022 when Circle’s valuation ballooned to $9 billion. USDC is currently the second largest stablecoin in circulation, with a market cap of $43 billion.  Under the terms of the agreements, Concord had until Dec. 10 to consummate the transaction…