Residents of Ottawa, Canada have filed a lawsuit against the Freedom Convoy 2022 protesters seeking up to $20 million out of the total amount of money raised in donations worldwide to be redistributed to citizens of the city, The Globe and Mail first reported. An Ontario Superior Court judge in Ottawa then ordered the freezing of the protesters’ funds, both…
Bitcoin (BTC) and Ether (ETH) price are still being hard hit by the current wave of volatility and this is leading traders to go back to the drawing board and readjust their short-term expectations. On Feb.17, Bitcoin price briefly dipped below $40,000 and Ether failed to hold support at $2,900, raises the chance of a drop to $2,500. Data from Cointelegraph Markets Pro…
In brief The Flow blockchain ecosystem has set recent records for daily transactions and new wallet signups. Dapper Labs launched its UFC Strike NFT platform to the public in January, while its NFL All Day platform is currently in closed beta. Dapper Labs is having a busy start to 2022. Its UFC Strike NFT platform launched last month, its NFL…
NFTs continue to make an impact on multiple sectors, and this mainstreaming is opening up new opportunities and revealing new trends for blockchain technology. Recently, the real estate sector has shown interest in blockchain technology because it opens up the potential for fractionalized ownership, cryptocurrency-backed mortgages and other unique ownership, financing and payment models. Here’s a look at a few…
Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax. On Monday, Georgia Representatives Don Parsons, Todd Jones, Katie Dempsey, Heath Clark, and Kasey Carpenter introduced HB 1342, a bill which has yet to be titled. The legislation proposes to amend the state tax code “to…
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…
Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance. From last November to this February, Composable Finance raised over $167 million through seed funding, as well as crowdloan auctions on the Polkadot (DOT) and Kusama (KSM)…
press release PRESS RELEASE. People from all across the planet miss being able to freely travel to new areas and other nations while the worldwide pandemic continues. Nevertheless, thanks to Ariva’s metaverse and VR-based initiative called Ariva Wonderland, users may enjoy a fully next-generation and apparently limitless travel experience, allowing them to virtually go anywhere they desire. Most recently, the…
Senior staff at the Federal Reserve will no longer be able to hold cryptocurrencies, among other assets such as stocks, according to an announcement today. In a Friday statement from the Federal Open Market Committee (FOMC), the branch of the Fed that determines the direction of monetary policy, the new rules laid out for “investment and trading activity of senior…
Lael Brainard, a member of the Federal Reserve’s board of governors, encouraged the United States to be a leader in research and policy regarding central bank digital currencies, or CBDCs, due to potential international developments. In remarks prepared for the U.S Monetary Policy Forum in New York on Friday, Brainard said the People’s Bank of China’s pilot program for its…
