What’s the place of celebrities in crypto?
/FTX announced that tennis star Naomi Osaka will become a brand ambassador for the crypto exchange. She will get an equity stake and be compensated in crypto as well.
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New Jersey to restrict NFTs as gifts to public officials
/In an update to the state’s bribery- and corruption-prevention laws, the New Jersey General Assembly may soon vote to prevent public officials from receiving NFTs and virtual currency as gifts. The bill was approved by the Science, Innovation, and Technology Committee last week.
Read More4 regulatory showdowns affecting the future of financ
/From cannabis to cryptocurrency, the future of fintech lies in the hands of regulators. Find out how alternative payments rails, smart contracts, and securities enforcement can potentially change everything.
Read MoreWorldcoin runs into real-world problems
/The billion-dollar startup, which wants to distribute cryptocurrency to every human being by imaging their eyes, recently suspended operations in at least seven countries. It’s now delayed its launch date for a second time.
Read MoreHow will new cybersecurity rules affect fintech?
/Yesterday, President Biden signed the Cyber Incident Reporting For Critical Infrastructure Act of 2022. The law shortens reporting timelines for cybersecurity incidents and names the Cybersecurity and Infrastructure Security Agency (CISA) as the leading government body for enforcement.
Read MoreStripe recommits to crypto payments
/On Thursday, Stripe CEO John Collison announced that Stripe is re-entering the crypto space. FTX US said it will use Stripe to automate KYC processes, approvals, and crypto purchases from debit cards and ACH transactions.
Read MoreCrypto awaits judgment on LBRY coin
/LBRY, a blockchain-based file sharing and payment network, has been the subject of a yearslong case by the Securities and Exchange Commission (SEC). The government body claims that LBRY’s token, LBC, is a security.
Read MoreBiden executive order calls for unified crypto regulation
/Today, President Biden issued an “Executive Order on Ensuring Responsible Development of Digital Assets.” The order calls for a holistic approach to crypto across government branches, while also protecting consumers, minimizing volatility, safeguarding national security, and expanding financial inclusion efforts.
Read MoreGrain-backed crypto challenges “stablecoin” definition
/Agrotoken, an Argentinian startup tokenizing grain by the ton through cryptocurrency, announced that its soy-, corn- and wheat-backed coins will be accepted as collateral by Santander. Agrotoken has also launched a 1,000-farmer test with Santander.
Read MoreBinance debuts Bifinity
/Binance announced this morning that it would launch Bifinity, a payments technology company and fiat-to-crypto payments provider. Bifinity will partner with payments platform Paysafe as well as Checkout.com to scale its operations.
Read MoreSEC eyes NFT regulation
/The U.S. Securities and Exchange Commission is looking into fractional NFTs, in which assets are broken down into tradable pieces. Such NFTs may qualify as securities under the Howey test; investors fund these NFTs with the intention of making a profit.
Read MoreCrypto exchanges may face legal demands from Ukraine gov
/Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine, called on crypto exchanges to block Russian and Belarusian accounts following the invasion of Ukraine. Exchanges like Kraken and Binance pushed back at the demand.
Read MoreUnder martial law, Ukraine limits withdrawals and suspends digital wallets
/The National Bank of Ukraine imposed several temporary restrictions to avoid economic panic and collapse. The PFTS Stock Exchange also suspended trading on Thursday.
Read MoreOpera adds Ethereum Layer 2 wallet to its Android browser
/Through a partnership with DiversiFi, Opera users on Android will be able to make cheap and instant crypto transactions within their mobile browser wallet. The Layer 2 swapping feature is 100 times cheaper than Ethereum Layer 1.
Read MoreFTX looks to luxury market for growth
/The crypto exchange announced that it has hired Lauren Remington Platt, a beauty entrepreneur, to spearhead partnerships with luxury brands. The move hopes to capture the wealth of the crypto class.
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