Month: April 2023

Silicon Valley-based tech accelerator expands its digital asset vertical to France

Plug and Play Tech Center, an accelerator based in California’s Silicon Valley, will expand its crypto and digital assets vertical to France, the company announced April 25.  Plug and Play has had a Paris location since 2016, where it engages with such verticals as retail, fintech, smart cities and sustainability. Paris is among Plug and Play’s over 50 offices in at least 20 countries. Plug and Play crypto and digital assets head Maximillian Jungreis said: “I am thrilled to drive our expansion into new markets like France where Plug and…

Art Blocks Co-Founder Erick Calderon Uses Free Market Ideals to Defend NFT Creator Royalties

Calderon delivered a defense of creative royalties – and the incentives that they encourage on the part of artists – that wouldn’t be out of place in an Ayn Rand novel. According to Calderon, NFTs incentivize artists to think more deeply about their artwork and engage continuously in the NFT community. With the prospect of a bigger, prolonged payday, Calderon thinks artists will create better, more valuable artwork – with the benefits (and profits) trickling down to speculators. Source

US Man Pleads Guilty to Defrauding Banks and “Leading Crypto Exchange” of over $4M

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Twenty-six-year-old Esteban Cabrera Da Corte, the leader of a Miami crew, has pleaded guilty to defrauding US banks and “a leading cryptocurrency exchange Read this Term” of over $4 million through fraudulent reversals. US prosecutors on Wednesday said Da Corte deployed false and stolen identities to perpetrate the scheme. According to Damian Williams, the US Attorney for the Southern District of New York, Da Corte and his co-conspirators in around March 2020 opened various accounts with an unnamed crypto exchange using fake US passports, drivers’ licenses and stolen personally identifying…

Web3 social media protocol launches ‘layer 3’ to provide instant posts

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The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph. Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of web3 social users. Available for Lens devs in closed…

Bitcoin hovers around $28k after First Republic Bank stock tanks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities. BTC was over $28,000 mark Bitcoin bulls have reemerged, following the recent decline, to push the price above the $28,000 mark. BTC is trading at $27,984, up 2% over the last 24 hours. Notably, the surge, similar to the aftermath of the Silicon Valley Bank and Signature Bank’s downfall,…

Cathie Wood’s ARK Invest Accumulates More Coinbase Stock (COIN) As Crypto Exchange Goes Against SEC

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Cathie Wood’s ARK Invest added more than 157,000 Coinbase (COIN) shares this week as the top US crypto exchange goes on the offensive against the U.S. Securities and Exchange Commission (SEC). On Monday, three of ARK Invest’s funds made separate purchases of COIN shares worth a combined $6.98 million at time of writing. Coinbase shares currently make up 4.74% of ARK’s combined portfolio. The three funds’ estimated cost averages for COIN are $239.60, $254.65, and $242, all of which are far greater than Coinbase’s current share price, which currently sits…

Google Trends Shows Surge in How to Buy Gold and Bitcoin Searches Amidst US Banking Upheaval – Bitcoin News

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In the midst of the banking upheaval in the United States, Google Trends has revealed a notable surge in searches related to the acquisition of gold, with the search query reaching a perfect score of 100 during the first week of April 2023. Similarly, the search term “how to buy bitcoin” reached the same score two weeks earlier, on March 20, 2023. 90-Day Stats From Google Trends Highlight Interest in How to Buy Gold and Bitcoin Over the past six months, the value of gold has soared by an impressive…

The Future of the Crypto Industry Is Regulated

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Bahamas securities watchdog presents comprehensive new draft digital assets act

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The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter. The 2023 bill updates the DARE Act of 2020. Work on the bill began in April 2022, with the Hogan Lovells law firm engaged to draft it. SCB Executive Director Christina Rolle said: “Once passed, DARE 2023 will be among the most advanced pieces of digital asset-legislation…