US Treasury: KYC law for non-custodial wallets will be reconsidered

Cryptocurrency NewsBy 31/01/2022

The US Department of the Treasury will consider requiring cryptocurrency platforms to provide information about clients transferring assets to non-custodial wallets. According to a US Treasury document, the KYC (know your customer) requirement for non-custodial wallets may be addressed in the current semi-annual agenda, which will be published in the Federal Register on January 31. The agenda sets out the priorities of the Ministry of Finance, but this does not mean that the rules will…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 30/01/2022

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Vitalik Buterin spoke about the benefits of non-transferable NFTs

Cryptocurrency NewsBy 28/01/2022

Ethereum co-founder Vitalik Buterin proposed a new concept of non-fungible tokens that will be impossible to transfer. And he explained what advantages they can have in comparison with conventional NFTs. Vitalik Buterin published an article in which he urged the community to think about NFT use cases that could not be transferred or sold to other users, disidentifying with their original owners. To describe the properties of these collectible tokens, Buterin used the word “soulbound”…

The English Premier League and UEFA opposed the NFT with club symbols

Cryptocurrency NewsBy 28/01/2022

The English Premier League (PL) and the Union of European Football Associations (UEFA) are investigating copyright infringement and the use of club assets in NFTs promoted by football stars. Chelsea captain John Terry and Manchester United legend Wayne Rooney tweeted NFTs featuring baby monkeys in club uniforms and painted football trophies. The Premier League, which is considering launching its own NFTs, is concerned about the use of its intellectual property in the digital art Terry…

DOGE course soared 10% after Elon Musk’s offer to accept Dogecoin at McDonald’s

Cryptocurrency NewsBy 27/01/2022

Tesla CEO Elon Musk has once again influenced the Dogecoin price. The price of DOGE rose 10% after Musk offered support for Dogecoin payments at McDonald’s fast food outlets. In a post on Twitter, Elon Musk said he would eat the Happy Meal live on TV if the McDonald’s network added the ability to pay with Dogecoin. There was no response from representatives of McDonald’s, however, the rate of the coin increased markedly. If before…

The creators of the Minecraft Blockverse server stopped communicating after the sale of tokens

Cryptocurrency NewsBy 27/01/2022

The developers of the Minecraft Blockverse server sold NFTs for a total of $1.2 million, after which they stopped communicating, and the project’s website and Discord account were disabled. According to a statement on the Blockverse blog, the project was created based on the “Play-to-Earn” model. It was supposed that players would be able to receive NFTs during the game, and then sell them. To enter the server, it was necessary to buy tokens, the…

Coinbase Makes it Easy for Users to File Tax Returns

Cryptocurrency NewsBy 26/01/2022

With the US tax filing deadline approaching, Coinbase is launching a service that will allow customers to analyze and file cryptocurrency transactions with the IRS. Cryptocurrency exchange Coinbase announced on its blog the launch of a new service that will display all taxable user activity, including short-term and long-term profits and losses, in one place. Previously, cryptocurrency holders had to manually calculate how much they earned from trading cryptocurrencies and what tax rate was applied…

The IMF urges the El Salvadoran government to withdraw its support for bitcoin

Cryptocurrency NewsBy 26/01/2022

The leadership of the International Monetary Fund (IMF) once again called on the El Salvadoran government to refuse to recognize bitcoin as legal tender. In a statement published on the organization’s website, it is emphasized that the use of the first cryptocurrency for payments “causes huge risks to financial stability, financial integrity and consumer protection, as well as to the accompanying fiscal obligations.” “Members of the Board of Directors of the IMF are calling for…

Meta introduced a supercomputer for the development of AI Research

Cryptocurrency NewsBy 25/01/2022

Meta has unveiled the Research SuperCluster supercomputer to develop next-generation AI that will “prepare the ground” for the creation of the metaverse. Technology company Meta has unveiled its own Research SuperCluster (RSC) supercomputer, which will help in the development of “advanced” artificial intelligence. The computer is already running and the company says it will be the fastest computer in the world. It is planned to put the RSC into operation by mid-2022. According to Meta,…

Goldman Sachs: Metaverses will be able to bring their creators $ 8 trillion

Cryptocurrency NewsBy 25/01/2022

Eric Sheridan, an analyst at the global investment bank Goldman Sachs, called the emerging metaverse industry capable of generating multi-trillion-dollar profits. Sheridan shared his forecast in the latest issue of Exchanges at Goldman Sachs on the investment company’s YouTube channel. The issue was titled “Understanding the Metaverse and Web 3.0”. The authors asked Sheridan’s opinion on how much potential the metaverse has as a business project. The analyst replied: in terms of revenue and monetization,…

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