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pax․world: A Token Must Be an Economic Bedrock Not a Collectable Gimmick for the Metaverse to Thrive
31.10.2022
This week, pax.world launched $PAXW, its proprietary utility token for the metaverse. The process of designing and launching $PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is...
Grayscale BTC Trust trades at a record 36.7% discount, but is it justified?
15.10.2022
Grayscale’s BTC trust trades at a 36.7% discount to their actual BTC holdings, and it’s possible that more than just the market-wide downtrend stands as the reason for the spread
US Treasury plans to ask public if crypto-related regulations are 'no longer fit for purpose'
19.9.2022
The public has until Nov. 3 to submit comments on Treasury addressing ransomware attacks, illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy
Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities
17.9.2022
The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors...
Linux Launches Foundation to Bolster Open-Source, Multi-Purpose Crypto Wallets
13.9.2022
On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases”...
World’s Largest Crypto ATM Company Bitcoin Depot to Go Public via SPAC Deal
25.8.2022
The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed...
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise
6.7.2022
The digital currency firm Etoro has revealed it is laying off 100 workers or roughly 6% of the company’s workforce. Furthermore, Etoro disclosed that the company is terminating the special purpose acquisition company (SPAC) merger planned with Fintech Acquisition Corp. Etoro says the company...
EA Revealed ‘Pre-Pre-Pre Alpha’ Skate Footage On Purpose This Time
30.6.2022
EA has finally peeled back the griptape on developer Full Circle’s next Skate game…sorta. It’s not like there’s an official release date or any definitive news other than the fact that the team is “still working” on it. However, today EA Full Circle did drop some “pre-pre-pre-alpha” gameplay...
More 'forced selling' ahead'? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever
20.6.2022
The shocking Bitcoin withdrawals appeared as BTC's extended its decline below $20,000 over the weekend
Canadians buy the dip as Purpose Bitcoin ETF holdings reach new highs
1.6.2022
The Bitcoin spot ETF added to its holdings over the past five days, offering a positive sign that buyers were stepping in to take advantage of lower prices
Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto
14.5.2022
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay...
Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low
13.5.2022
It's a polarizing world in institutional Bitcoin offerings this week as Grayscale's CEO remains convinced demand will return
Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to 'buy the dip'
27.4.2022
The world's flagship Bitcoin spot ETF is back buying Bitcoin after spending four weeks reducing its holdings
US Charges Ethereum Dev’s Conspirators Allegedly Helping North Korea Evade Sanctions Using Crypto
26.4.2022
Two European citizens have been charged for conspiring with Ethereum developer Virgil Griffith to help North Korea evade U.S. sanctions using cryptocurrency, the Department of Justice (DOJ) announced. They conspired “to teach and advise members of the North Korean government on cutting-edge...
Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions
7.4.2022
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade...
Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals
5.4.2022
The bitcoin mining startup Primeblock has announced plans to go public via a special purpose acquisition company (SPAC) deal. Primeblock will merge with a blank-check firm 10X Capital Venture Acquisition Corp. II, and the company’s shares will be listed on Nasdaq. Primeblock Reveals SPAC...
Ertha’s Inter-Metaverse Portal NFTs Bought for $60K
4.4.2022
It’s now possible to travel between metaverses thanks to Ertha’s Portal NFTs. The game’s passionate community has already spent over $60,000 on these NFTs, despite their purpose being a mystery until now. Ertha’s players will travel instantly between their home planet...
Metametaverse Secures $2 Million — Aims to Achieve Metaverse Interoperability
20.3.2022
Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved...
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms
18.3.2022
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence...
Global Regulators ‘Going Full Steam’ on Crypto — Official Says ‘Current Structure Is No Longer Fit for the Purpose’
11.2.2022
Global regulators are “going full steam” on cryptocurrency regulation. “The current structure is no longer fit for the purpose with the development of cross-border digital market activities,” said the chairman of France’s markets watchdog AMF. Global Regulators...