Is cryptocurrency a workaround for sanctions against Russia?
War-mongering Russia is finding itself increasingly isolated. Can cryptocurrency help the rogue state soften the blow of sanctions?
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Tomorrowland wants to bring music to Web 3.0 with FTX Europe
Global cryptocurrency exchange FTX’s European arm announced a partnership with Tomorrowland on Thursday with goals to bring blockchain and Web 3.0 applications to the popular electronic music festival. Fast facts The partners will explore Web 3.0 applications such as non-fungible tokens (NFTs) for art, music, ticketing, as well as crypto payments and metaverse events. The…
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Chainalysis launches crypto wallet sanction screening tools
Blockchain analytics firm Chainalysis announced the launch of two screening tools on Friday that will allow cryptocurrency wallet owners to determine if wallets are compliant with global sanctions efforts and will be provided free of charge to the crypto industry. See related article: Coinbase blocks 25,000 Russian crypto wallet addresses Fast facts Centralized exchanges widely…
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Binance eyes gaming, e-commerce in upcoming acquisition spree
Binance is eyeing opportunities in non-crypto industries with plans to go on an acquisition spree, the Financial Times reported. See related article: UK regulator may cancel Eqonex’s registration over Binance, Bifinity ties Fast facts Binance founder and CEO Changpeng Zhao told the Financial Times that the crypto exchange is targeting industries such as retail, e-commerce…
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Alibaba NFT marketplace suspends users for massage gun rapid clicks
Alibaba’s non-fungible token (NFT) marketplace Jingtan issued one-year suspensions to more than 680 accounts for using computer programs and massage guns to make instant purchases as soon as items hit the market. See related article: Ant Group’s NFT arm punishes users for digital collectible resales Fast facts See related article: Why Asia is poised to…
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Indians see future in crypto, government sees revenue, FM says
Indian finance minister Nirmala Sitharaman said on Tuesday the government will discuss its position on cryptocurrencies after completing an ongoing consultation process. See related article: India government, central bank in ‘complete harmony’ on crypto: FM Fast facts Sitharaman said many Indians see a future in cryptocurrencies and the government sees opportunities for revenue in the…
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How will digital money play into banking’s future?
Blockchain technology is rapidly transforming the finance sector. DBS Bank CEO Piyush Gupta offers an insider’s look at what’s coming next.