Day: April 13, 2023

Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies – Blockchain Bitcoin News

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According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intent to embrace Web3 technologies. Mastercard Launches Second NFT Offering In January, Mastercard announced its partnership with Polygon to support up-and-coming artists through the Mastercard Artist Accelerator program. During the NFT.NYC conference, the company unveiled NFTs that provide entry to this program. “Until the end of the month, music and Web3 enthusiasts can redeem Mastercard…

Arizona governor vetoes bill targeting taxes on blockchain node hosts

Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses running blockchain nodes.  In an April 12 decision, Governor Hobbs issued a veto to Arizona Bill 1236, first introduced in January. The legislation aimed to revise sections of statutes pertaining to blockchain technology, largely reducing or eliminating regulation and taxation of node operators at the state level. “A city or town may not impose a tax or fee on any person or entity for…

Financial Services chair McHenry sends SEC 2nd request for records related to SBF arrest

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Leadership in the United States House of Representatives Financial Services Committee was not satisfied with Securities and Exchange Commission head Gary Gensler’s response to their request for documents. They have reached out to the SEC chairman again in a sharply worded letter.  Committee chair Patrick McHenry and chair of the Oversight and Investigations Subcommittee Rep. Bill Huizenga wrote Gensler on Feb. 10 “demanding records and communications between and among both the SEC’s Division of Enforcement, the Office of the Chair, and the Department of Justice (DOJ)” in regard to the…

Sotheby’s Relaunches Glitch Digital Art Sale After Representation Backlash

Notably, the community of artists that engage in glitch art “do not just identify as male or female but consist of people from every gender identity and expression, sexual orientation, race, ethnicity, language, neuro-type, size, ability, class, religion, culture, subculture, political opinion, age, skill level, occupation and background,” Sotheby’s adds. Artists participating in the upcoming auction include XCOPY, neurocolor, Jake Osmun and more. Source

London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service – Bitcoin News

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On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the announcement that “bitcoin index futures and options are a rapidly growing asset class.” LCH SA’s Move to Clear Bitcoin Futures and Options Contracts Reflects the Growing Interest Among Institutional Market Participants A division of the…

IMF to publish CBDC handbook in response to increasing demand for guidance

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With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy managing director Bo Li said in a recent speech. The IMF official saw some urgency in meeting the needs of central banks planning CBDCs. Therefore, the organization has engaged with almost 30 countries that requested assistance in the past two years. Over 40 countries had contacted it so far, Li said. He…

San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee

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The San Francisco Police Department has arrested a tech executive named Nima Momeni in connection with the April 4 stabbing of Cash App creator Bob Lee. In an April 13 press conference, the SFPD announced Momeni was in custody following the execution search and arrest warrants in San Francisco and Emeryville, a city across the bay. Police chief Bill Scott said “the evidence shows that [Momeni and Lee] knew each other” but did not comment on the motive of the stabbing, adding the case was not yet closed. SFPD Chief…

DAOs can become a disaster more quickly than you think

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As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away the most popular governance structures. DAOs are often touted as an all-in-one fix for everything from investor-manager alignment to regulatory risk. However, as a spate of well-publicized internal disputes and regulatory crackdowns has shown, DAO governance is not a panacea. Blockchain technology, especially trustless smart contracts and distributed ledgers, has created an unprecedented opportunity to…