Tag: Digital

Russian State Duma Adopts Law Banning Payments With Digital Financial Assets – Regulation Bitcoin News

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The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority in the State Duma, the lower house of Russia’s Federal Assembly, has supported the adoption of a bill banning payments for goods and services using digital financial assets (DFAs) within the Russian Federation. Under current…

SIX Digital Exchange Forms Strategic Partnership with Fireblocks

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SIX Digital Exchange (SDX) recently confirmed that its Web3 Unit, SDX Web3 Services, has developed a strategic collaboration with Fireblocks, one of the fastest-growing digital asset and crypto technology platforms, to assist regulated intermediaries and institutional investors. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The offering, which is expected to go live in H2 2022, will facilitate users through institutional-grade infrastructure services. In an official press release, SIX Digital Exchange noted…

Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

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Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York. Voyager’s Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100,000 creditors. The troubled crypto exchange wasted no time after the United States holiday to file for bankruptcy on July 5. In a Wednesday statement,  Voyager explained that the move is part of a “Plan of Reorganization.” When implemented, the…

High-ranking crime fighter to join UK’s FCA as payments and digital assets director

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UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in policing. Director of payments and digital assets is newly created position that will oversee the e-money, payment and crypto-asset markets and related policy development. Matthew Long was appointed to that post, moving over from the National Crime Agency, where he is now a director in the National…

US Commerce Dept. asks digital asset industry for input on competitiveness framework

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Among the numerous reports and other written material mandated in United States President Joe Biden’s March 9 executive order “Ensuring Responsible Development of Digital Assets” is a framework for enhancing United States economic competitiveness in digital asset technologies, due from the Commerce Department on September 5. In preparation for that document, the Commerce Department requested public comments through Tuesday, providing 17 questions to encourage discussion. As of midday on Tuesday, eight comments had been received by the Commerce Department. They ranged from a few paragraphs to pages of detailed analysis.…

“Global economy can be fixed by digital transformation & blockchain technology,” says H.E. Justin Sun, Ambassador for Grenada to the WTO

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H.E. Justin Sun, the founder of TRON, joined the Grenada Government as its WTO Ambassador last December. He talked about some serious issues at the Twelfth Ministerial Conference (MC12) of the World Trade Organization (WTO). Sun spoke during the conference on SIDS (Small Island Developing States), climate change, oceans, e-commerce, and other issues. The Conference has various topics such as post-COVID economic crisis, food safety, environment protection, food safety and security, IP protection on coronavirus vaccines, e-commerce moratorium on customs duties, and trade facilitation, according to the press release. At…

Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet – Featured Bitcoin News

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Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook owner Meta Platforms Inc. (Nasdaq: META) announced Friday that its crypto project pilot Novi “is ending soon.” According to its website: Novi will no longer be available for use after September 1. In Friday’s announcement, Meta explained that starting July 21, users will no…

How to build a sustainable green Blockchain | Pratik Gauri | TEDxKcMargSalon

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Nexus of Purpose and Profit is where we’ll find the solution to our sustainability crisis. And the solution will come with a shift in how we think of and rationalize for-profit enterprises as purely business, and impact-driven for-benefit enterprises as purely charitable. This shift is what is going to catapult us into the “5th industrial revolution,” according to the person credited with the coinage of the term 5IR. According to Pratik Gauri, the CEO, and co-founder of the first layer 1…