Day: September 7, 2023

Is Bitcoin A Buy Or Sell? Ark Invest Shares Market Analysis

boss

In its new monthly report titled “The Bitcoin Monthly: Bitcoin Battles Resistance Around Its On-Chain Mean”, Ark Invest has provided an exhaustive analysis of the current market landscape. The report categorizes its findings into bullish, neutral, and bearish perspectives, providing a holistic view of Bitcoin’s current and potential future stance. Bullish Arguments For Bitcoin Grayscale Spot ETF and GBTC’s Discount To NAV: On August 29, a pivotal decision was made by a US Federal Appeals Court. They ruled that the U.S. Securities and Exchange Commission (SEC) must revisit and reconsider…

Google makes update to crypto policy regarding NFTs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Google says that since Sept. 15, advertisers promoting gambling-related content will not be allowed to advertise these products or services. As part of the change log, Google shares that in September 2023, it will update the cryptocurrencies and related products policy. In particular, it will clarify the scope and requirements for advertising blockchain-based games that involve NFTs. Google clarifies that promoting blockchain games involving NFTs is still allowed, citing examples of games where players can purchase in-game…

Nigeria’s Web3 education efforts seek to tackle language challenges

boss

While Nigeria appears to have a high level of blockchain and crypto awareness, the country is still facing issues related to public education in the field. A group of local blockchain experts discussed blockchain education’s challenges in Nigeria at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital. In the panel titled “Web3 Education: Capacity Building,” the group discussed the current level of blockchain and Web3 awareness in the country and the challenges that have surfaced in the journey so far.…

New York Court Orders Asset Freeze for Former Celsius CEO Alex Mashinsky Due to Ongoing Criminal Case Proceedings

Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million. The former Celsius Chief Executive Officer (CEO) Alex Mashinsky faces more financial hurdles after United States Judge Jed S. Rakoff ordered his assets to be frozen as the criminal case with the Department of Justice (DOJ) continues. According to court filings, Mashinsky and any of his representatives have been ordered not to sell, transfer, or pledge any of his assets. Notably, Mashinsky’s funds in Goldman Sachs Group Inc…

Tornado Cash Co-founder Pleads Not Guilty to US Treasury Charges

The co-founder pleaded not guilty to all charges involving the alleged misuse of Tornado Cash for illicit activities. Tornado Cash co-founder Roman Storm has pleaded not guilty to all money laundering and violations charges. Storm, who was arrested in August, was charged with fellow co-founder and developer Roman Semenov. An Inner City Press thread on X (formerly Twitter) live-reported the proceedings where Storm pleaded not guilty. The co-founder appeared in the US District Court for the Southern District of New York. On August 23, the US Department of Treasury sanctioned the Tornado Cash execs,…

ICO to review period and fertility tracking apps as poll shows more than half of women are concerned over data security

The poll was conducted by Savanta. Savanta surveyed 1,152 UK women aged 18+ between 1-3 September 2023. Data was weighted to be representative by age, gender, region, and social grade. Savanta is a member of the British Polling Council and abides by its rules. Respondents were asked the follow questions: Q1. Have you ever used an app to track any of the following [select all that apply]? a. To track your periodb. To prevent a pregnancyc. To plan a pregnancyd. None of these Results of note: 34% of women (395)…

Google Updates Advertising Policy to Accommodate NFT Gaming

Google also expects that all advertisers comply with the local laws of whatever region they intend to target with their ads. Non-fungible token (NFT) gaming is about to receive a major boost after Google revealed plans to update its ads policy. In a blog post, the tech giant confirms that the update, which takes effect on September 15, will now allow NFT gaming advertisements. However, Google also attached a condition that such advertisements would only be allowed if they do not in any way encourage gambling or closely related services.…

$500B Korean Asset Manager, Mirae Asset Securities, Taps Polygon Labs to Develop Tokenized Securities Network

Several traditional finance giants, including Franklin Templeton and Hamilton Lane, a top-tier investment firm with over $823.9 billion in assets under management, have already initiated tokenization projects on Polygon. The Monetary Authority of Singapore’s experimental tokenization initiative, Project Guardian, executed foreign exchange and sovereign bond transactions on Polygon last year. Source

Russian lawmakers believe digital ruble will replace banks

Anatoly Aksakov, head of Russia’s Banking Committee, believes that the digital ruble could potentially render traditional banking institutions obsolete. In a discussion at the AiF.Media club, Aksakov opined that the evolving landscape of financial technology could reduce the necessity for traditional banking institutions. However, no official plans have been laid out to phase out banks in Russia. “The future of banking could undergo a significant transformation due to the advancement of blockchain technology and central bank digital currencies.” Anatoly Aksakov, head of Russia’s State Duma Banking Committee Although the Central…