Day: July 27, 2023

Ukraine Has Raised $225M in Crypto to Fight Russian Invasion: Crystal

This low-profile character of fundraising, together with the broad global condemnation of Russia’s actions, might be the reason for much smaller amounts raised: Crystal says that crypto donations for the Russian military only brought about $2 million in crypto, though other estimates show higher amounts. In February, Chainalysis found $5.4 million of donations both to Russian military units and to propaganda resources, and Binance told CoinDesk it located over $7.2 million worth of such donations. Source

Israel Consults Public on DAO Regulation, Sets Up Special Examination Team

“The team examines the required regulation, including regarding the corporate status, the taxation aspects and other aspects of DAO in order to create legal certainty, reduce the risk factors in the activity through DAO and realize the potential for the Israeli economy,” the notice said, adding that comments submitted by the public can be used to formulate the team’s policy recommendations. Source consultsDAOExaminationIsraelPublicRegulationSetsSpecialTeam CryptoX Portal

Robert Kennedy Jr. Admits to purchasing Bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied US Democrat presidential candidate Robert Kennedy Jr. said he bought 14 BTC for his children to “put his money where his mouth is.” Robert F. Kennedy Jr, also known as RFK Jr., participated in a Twitter Space hosted by crypto investor Scott Melker on July 26. The presidential candidate, known for his support for Bitcoin (BTC), said he bought two BTC for each of his seven children after the Bitcoin Miami conference in May 2023.  According…

Block.one ICO damages ‘far beyond’ $22M, ENF founder says

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The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose. On July 25, La Rose officially announced that ENF is preparing a lawsuit against Block.one for its failure to follow through on its $1-billion following its $4.1-billion raise in 2018. The CEO argued that Block.one’s broken promises to invest $1 billion caused major issues for the EOS community and promised to hold the firm accountable. As…

Nexo joins sanctions association as regulatory scrutiny increases

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As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the association of certified sanctions specialists (ACSS). The association offers training and certification for sanctions professionals across a variety of industries including financial institutions, international corporations, law firms, public institutions and a host of other businesses. The ACSS certification is intended to be universal and does not focus on specific jurisdictions or industries. Sanctions specialists that complete the examination are deemed to be multiskilled across…

Bitocin (BTC) and Ether (ETH) CME Futures See Record Participation From Big Traders

Meta (META) hasn’t given up on the metaverse despite a very public pivot to artificial intelligence. “Our investments in AI continue,” said CEO Mark Zuckerberg on the company earnings call Wednesday evening. “We remain fully committed to the Metaverse vision as well,” he continued. “We’ve been working on both of these two major priorities for many years in parallel now, and in many ways the two areas are overlapping and complementary.”. The focus on the metaverse hasn’t been profitable for the social media giant – Meta’s Facebook Reality Labs (FRL)…

Bruce Lee avatar to teach martial arts in the metaverse

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Legendary martial artist and actor Bruce Lee , who died in 1973, is set to teach martial arts in the metaverse through a tribute event hosted by a social entertainment platform, to celebrate the 50th anniversary of the actor’s passing.  Metaverse project Byte City announced on July 26 that those who wish to engage with an avatar of the late actor can participate in the event by minting avatars in Ethereum and Polygon. The minting is set to open on July 27, 9 AM PST for Polygon and July 28,…

Shibarium Bridge In Beta Goes Live But There’s A Catch

Shiba Inu’s development team has announced a significant advancement in the SHIB ecosystem. With the introduction of the Shibarium Bridge, users will have a new way to interact with the ecosystem. However, as this technology is still in its beta phase, the team behind Shiba Inu (SHIB) is urging the community to exercise caution. A team representative known as Lucie recently announced the Shibarium Bridge’s beta release. This addition to the Shibarium network was first introduced to the public in April and has since progressed from being partially functional to…

Palm Foundation Picks Polygon to Scale Native Network

Additionally, the Palm Network will be compatible with Ethereum and Polygon 2.0, helping projects expand into additional ecosystems with a focus beyond NFTs. Jordi Baylina, co-founder of Polygon, said in a press release that the Polygon Supernet’s high speed, low cost and customizable nature makes it an ideal network for the Palm Foundation’s expansion of access to NFTs. Source