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Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’
9.5.2023
Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate...
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
8.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves...
Digital Assets for 1 Billion Rubles Issued in Russia in a Month
7.5.2023
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s...
I Played That Racing Game Where Cars Have Legs And Jetpacks
5.5.2023
When I had an Apple Arcade subscription, I played endless amounts of What the Golf? on my phone. It was such a chaotic, joyful puzzle game that it actually annoyed me that Nathan Grayson robbed me of the opportunity to write about it. So I was excited to demo studio Triband’s next game: A racing...
9 tips to help crypto companies choose and succeed with a banking partner
4.5.2023
Before reaching out to a potential banking partner, it’s wise to know both what they can offer and what they’ll expect
Iran Sets Up Platform to Facilitate Crypto Payments for Imports
3.5.2023
Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies...
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
2.5.2023
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak...
Disney Lawyers Are Done Playing, Sue Florida Gov. DeSantis
26.4.2023
The ongoing war between Florida Governor Ron DeSantis and Disney is heading to court. Today, Disney and its army of lawyers filed a lawsuit against DeSantis and others over what it calls a “targeted campaign of government retaliation.” It’s the latest chapter in an ongoing war between the two. Read...
EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies
25.4.2023
Europe's Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR
Twitch Streamer Immediately Denied From Bank After After Accidentally Applying As An ‘Adult Entertainer’
25.4.2023
United Kingdom-based variety streamer Poopernoodle, or Lou, wasn’t exactly sure whether or not being a human adult with a Twitch channel qualified her as an “online adult entertainer” until she described herself as such on a bank application and was swiftly denied. Read more
Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance
22.4.2023
According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate...
Toy Manufacturer Mattel to Launch P2P Marketplace for Virtual Collectibles on NFT Platform
22.4.2023
On April 20, the American toy manufacturing company Mattel announced an update to its virtual collectibles platform, which will go live on April 27. The peer-to-peer platform, called Mattel Creations Virtual Collectibles, will coincide with the Hot Wheels NFT Garage Series 5, featuring some of...
African Blockchain Business Funding Rose 429% in 2022 — Report
20.4.2023
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds...
Crypto Companies May Use a Supreme Court Doctrine to Push Back Against SEC: Lawyer
18.4.2023
Crypto firms are using the major questions doctrine as a way to fend off regulators, Jason Gottlieb, a partner at Morrison Cohen LLP, said
Florida Gov. Ron DeSantis Has Now Pissed Everyone Off With His Disney Feud
18.4.2023
After several months of feuding with the Walt Disney Company’s lawyers, Florida governor Ron DeSantis doesn’t seem to recognize when he’s being outgunned. He’s proved that he’s willing to use everything within his arsenal to punish a corporation that opposes the “Don’t Say Gay” law—including theme...
New York Financial Regulator Adopts Assessment Rule for Crypto Companies – Here's What You Need to Know
18.4.2023
The New York State Department of Financial Services has passed a new law that requires companies holding a BitLicense to pay assessment fees similar to insurance and banking firms.
The regulation will give the NYSDFS new authority to “collect supervisory costs from licensed virtual currency...
China’s state-affiliated banks are on-boarding crypto companies in Hong Kong
17.4.2023
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms
China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies
17.4.2023
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form...
Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’
15.4.2023
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from...
Companies Behind Azuki NFTs and LINE FRIENDS Characters Join Forces For Web3 Expansion
12.4.2023
Chiru Labs, the Web3 startup behind NFT projects Azuki and BEANZ, is partnering with IPX, the firm known for the colorful LINE FRIENDS characters that originally began as stickers for the LINE messaging app