Tag: Digital

NASCAR Launches Daytona 500 Digital Collectibles via the Wax Blockchain Platform – Blockchain Bitcoin News

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On Friday, the National Association for Stock Car Auto Racing (NASCAR) announced the firm launched digital collectibles for this year’s Daytona 500. NASCAR’s series of limited-edition Daytona 500 NFT drops is part of a partnership with the Wax blockchain team. NASCAR Reveals 2022 Daytona 500 NFT Collection NASCAR plans to issue Daytona 500 non-fungible token (NFT) collectibles and 500 ticket holders can get one NFT per wallet. The stock car racing company emailed 25,000 Daytona 500 ticket holders about the event prior to the launch. According to the announcement sent…

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials – Bitcoin News

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The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal Crypto Holdings Government officials who possess financial assets — including digital coins — exceeding their declared income from the last three years risk losing them to the state, according to a law adopted by the…

Digital Exchange Binance Partners with Netmarble F&C

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Cryptocurrency exchange Binance today announced that the company has signed a Memorandum of Understanding (MoU) for a strategic collaboration with Netmarble F&C to establish an international P2E and NFT offering. Both companies are also planning to explore opportunities to launch Initial Game Offering (IGO) on the Binance NFT marketplace. Founded in 2014, Netmarble F&C is a subsidiary of Netmarble Corp. The company is known for the development of leading games. The latest announcement from Binance came after the company enhanced its presence in the global Paly to Earn (P2E) ecosystem…

Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets – Finance Bitcoin News

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On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” The company noted during its announcement that the new fund highlights Sequoia’s strategic “commitment to crypto.” Venture Firm Sequoia Capital to Launch a Fund Focused on Liquid Tokens and Digital Assets The American venture capital firm headquartered in Menlo Park, California, Sequoia Capital is starting a fund that will be focused on investing in crypto assets. In a blog post dubbed “A…

PBOC Reveals Central Bank Digital Currency Usage at Beijing Winter Olympics — 2 Million Digital Yuan per Day – Bitcoin News

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The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It seems all the foreign users are using hardware wallets.” Digital Yuan’s Latest Trial A top official from the Chinese central bank, the People’s Bank of China (PBOC), provided an update of the latest trial of the Chinese central bank digital currency (CBDC) during a webinar arranged by the Atlantic Council Tuesday. The digital yuan, or e-CNY, is…

Bank of Russia Reports First Successful Digital Ruble Transfers Between Users – Finance Bitcoin News

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Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out by Commercial Banks and Bank of Russia The Central Bank of the Russian Federation (CBR) and participating financial institutions have begun testing the digitalized national fiat currency. The trials have been launched after a prototype of the digital ruble platform…

Cryptocurrency Firm Fireblocks Acquires First Digital

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One of the fastest-growing cryptocurrency companies, Fireblocks today announced the acquisition of First Digital. The acquisition will facilitate the expansion of the company’s payment offering. Fireblocks noted that the integration of First Digital will support B2C, B2B, cross-border, and other forms of payment through USDC, Celo, other stable coins, and digital currencies. The crypto firm also outlined the rising retail and institutional demand for digital asset-related payments. Earlier this year, Fireblocks raised a whopping $550 million in its Series E funding round. With a valuation of approximately $8 billion, Fireblocks…

Bank of Russia Proceeds With Digital Ruble, Renews Push for Crypto Ban

In its letter, the Bank of Russia said that allowing non-qualified investors to trade cryptocurrencies through banks will create “an illusion of government protection” while encouraging people to participate in a “de-facto Ponzi scheme,” Forbes wrote. The government won’t be able to fully control cryptocurrency transactions, and the crypto industry won’t really benefit the Russian economy, the bank said. Source

Crypto Custodian Fireblocks Acquires Stablecoin Firm First Digital

“We started working on Libra together back in 2019; Fireblocks, from a secure wallet perspective, and First in terms of payment protocols on the blockchain,” said First Digital CEO Ran Goldi. “We think that between the PSPs [payment service providers] both companies work with, we probably have over 2 million merchants that we can serve in 2022.” Source

Fireblocks acquires stablecoin payments platform First Digital

Blockchain infrastructure company Fireblocks has finalized the acquisition of First Digital, a stablecoin and digital asset payment platform, as part of a broader effort to expand its payment capabilities for the cryptocurrency sector.  The acquisition gives Fireblocks additional resources to enable payment service providers to acquire cryptocurrencies and accept payments in digital assets, potentially opening the door to wider use cases for the emerging technology. According to Fireblocks, merchants today are eager to integrate crypto payments but high wallet integration costs and manual Know Your Customer and Anti-Money Laundering screening…