Another NFT Influencer Was Accused of Stealing Art for Upcoming NFT

On the eve of her NFT drop on Wednesday, pseudonymous digital artist and researcher Elena was accused of plagiarizing artistic assets in her collection. Elena, who amassed a following of nearly 90,000, previously described herself as the “researcher in residence” at blue-chip NFT collection Azuki, though that designation has since been wiped from her Twitter page. Source

ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech

Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors. In written remarks for a panel at the Bank for International Settlements Annual Conference on June 23, Panetta said crypto’s perception among investors as a “robust store of value” began to dissipate in late 2021 and into 2022, when the total market capitalization fell by more than $1 trillion. According to the ECB official, the “highly…

The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news

The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. Although it’s unclear whether the SEC will finally allow a Bitcoin ETF, BlackRock’s initiative appears to have “breathed new life into the race” amid the ongoing crackdown on the crypto industry. Other headline news includes Wall Street titans backing a newly launched crypto exchange despite the…

JPMorgan Enables Euro Blockchain Payments With JPM Coin

American investment bank JPMorgan Chase & Co has enabled Euro-denominated payments via the JPM Coin, the native currency for their blockchain. Thus expanding the use of one of the projects known to promote the application of blockchain technology in traditional banking.  According to a Bloomberg report today, Basak Toprak, JPMorgan’s Head of Coin Systems for Europe, the Middle East, and Africa, confirmed that activation of the JPM Coin for Euro payments occurred on Wednesday, June 21. He further stated that German Corporation Siemens AG conducted the first Euro-denominated transaction with…

Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider. This news comes after Wirex’s competitor, Cryptopay, also announced that its cards may stop working in the region due to the same issue. June 22 email sent to Wirex customers. Source: Wirex Wirex is a multi-currency crypto payment app that…

Brazilian Central Bank Adds Local Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

“We are pleased to be part of the consortium selected to join the Real Digital pilot in Brazil. Mastercard continues to engage in a series of partnerships to build trust and compliance in the digital assets ecosystem, while also solving real-world problems,” Walter Pimenta, executive vice president of Products and Engineering at Mastercard Latin America and the Caribbean, told CryptoX in a statement. Source AddsBankBitcoinBrazilianCBDCCentralExchangeIncludingLocalMastercardMercadoPilot CryptoX Portal