The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the future of digital currencies in…
In brief Photo NFT platform Quantum Art has raised a $7.5 million Series A round led by True Ventures. Quantum Art was co-founded by Justin Aversano, creator of the leading photo NFT project, Twin Flames. Photography is a growing market within the NFT industry, and Justin Aversano has helped lead the movement with his increasingly in-demand Twin Flames project. Now…
Take-Two, the publishing company behind the Grand Theft Auto video game franchise, has its eye on the potential opportunities presented by NFTs. “We’re highly convinced there’s an opportunity for NFTs to fit with Take-Two’s offerings in the future,” Take-Two CEO Strauss Zelnick reportedly said via Nintendo Life. Zelnick did caveat his words on NFTs, however. “We believe in rare goods,…
Many religious denominations now offer interactive digital locations to supplement traditional services, but unique to COVID-19 is the opportunity to experience spirituality in an immersive 3D environment through virtual reality (VR) technology. As per a report by NZ Herald, Garret Bernal and his family were reportedly absent from a recent Sunday service during their quarantine for COVID-19 exposure. So he…
Banking giant Wells Fargo has published a report that says it is not too late to purchase Bitcoin and other cryptocurrencies. The report, titled “Understanding Cryptocurrency” contends with common investor arguments surrounding Bitcoin and the wider cryptocurrency markets. These include claims that investors are “too early” or “too late” to participate, while the report also considers the impact of early…
Computing infrastructure provider Compute North closed its next growth capital round of $385 million, comprising $85 million in a series C equity closing and $300 million in debt financing, the company said in a statement sent to Bitcoin Magazine. Energy and commodity trading company Mercuria and leading sustainable infrastructure platform Generate Capital co-led Compute North’s series C financing round. National…
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles to Enter State Coffers as Crypto Taxes, Russian Analysts Say While ministries and regulators…
On February 1, there were movements of around $2.5 billion from the 2016 Bitfinex hack wallets. After reviewing the transactions, Cointelegraph reported that around 90,000 Bitcoin (BTC), worth $3.6 billion, consolidated into one wallet address. More than a week later, the hackers were caught. The United States Department of Justice seized $3.6 billion in crypto and arrested two suspects connected…
Italian car manufacturer Alfa Romeo has announced that its new Tonale SUV will come equipped with a non-fungible token (NFT) certificate that tracks the car’s vehicle data history and maintenance record. In a press release, the automaker, part of the Stellantis group, claimed that it was the first vehicle manufacturer to link a car with an NFT digital certificate, which…
Following an exponential climb in capacity over 2022, the Bitcoin (BTC) Lightning Network made a lackluster start to the new year. According to a report by Arcane Research, growth in the Lightning Network capacity, or the number of BTC locked up in channels, has stuttered. The Lightning Network surged from 1,000 to 3,000 BTC in just 8 months in 2021,…
