The prospect of a retail CBDC has some major banks anxious over their revenue streams. Source: https://cointelegraph.com/app/public/index.php/news/existential-threat-why-some-banks-are-anxious-about-cbdcs
Month: July 2023
Robert Kennedy Jr. admits to buying 2 Bitcoin for each of his 7 children
Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC), earlier this year — buying two BTC for each of his seven children. Speaking in a July 26 Twitter space, Kennedy said the decision came after he received “a lot of criticism” from crypto industry pundits and the mainstream press in the wake…
Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors
United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions. In a July 26 letter to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams said the government was informed by The Bahamas that it did not agree to extradite Bankman-Fried on the charge and…
Crypto bills pass congressional committee in 'huge win' for US crypto
Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day. Source: https://cointelegraph.com/app/public/index.php/news/crypto-regulatory-framework-bill-pass-house-congressional-committee
Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack
Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22. “We suspect Lazarus Group, one of the most powerful hacker organisations, is responsible,” CoinsPaid explained in a July 26 post. While CoinsPaid didn’t explain how the money…
Crypto bills pass congressional committee in ‘huge win’ for US crypto
A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for cryptocurrencies, that will reduce regulatory red tape for crypto and set clearer rules for the industry. On July 26, the majority of U.S. lawmakers voted in favor of the Financial Innovation and Technology for the 21st Century Act…
Robert F. Kennedy Jr. Says He Bought 14 Bitcoin for His Kids
As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May. In a Wednesday Twitter Spaces interview with crypto investor and podcaster Scott Melker, Kennedy called Bitcoin the currency of freedom, and said he…
Reality Labs losses top $7.7B year to date
Meta’s metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its second-quarter results released on July 26 saw Meta report an 11% revenue gain compared to the previous year, totaling $31.9 billion. Its metaverse-focused Reality Labs revenue topped $276 million. Reality Labs’ operating losses are…
‘Alchemy: Battle for Ankhos’ RPG Mashes Up Discord, Generative AI, and Solana NFTs
This story comes from GG. Your Web3 Gaming Power-Up Discover GG How’s this for a unique concoction? A video game that is playable within a Discord chat server, is being built using generative AI tools, and even taps into Solana NFTs and tokens for player-owned assets and rewards. What it adds up to is Alchemy: Battle for Ankhos, a game…
Italian central bank backs DeFi tokenization project with Polygon, Fireblocks
The Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals. Source: https://cointelegraph.com/app/public/index.php/news/bank-of-italy-innovation-hub-supports-research-into-security-tokens-on-secondary-markets