Category Archives: Cryptocurrency News

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

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

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

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

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

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

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

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,…

The new mayor of New York will convert salary into BTC and ETH

The head of the New York City Hall, Eric Adams, said that he would convert his first salary in this post, which the official is waiting for the other day, into bitcoin and ethereum. Eric Adams took office as Mayor of New York on January 1, 2022. In November, Adams said he was ready to receive his first three salaries in bitcoin. However, under Department of Labor regulations, U.S. citizens cannot receive digital assets as…

SEC banned MicroStrategy from listing BTC as an asset in reporting

MicroStrategy was forced to remove data on investments in cryptocurrencies from the financial statements at the request of the SEC. The regulator justified this by the volatility of bitcoin. MicroStrategy posted a net loss of $36.1 million in its Q3 financial statement ending September 30, 2021. However, the addition of share-based compensation expenses and the drop in cryptocurrencies resulted in the company’s unofficial non-GAAP earnings ), rose to 18.6 million. MicroStrategy has told the Securities…

Bloomberg: Google Is Forming New Blockchain Development Group

According to Bloomberg, Google is forming a new team that will develop blockchain and “related technologies”. The group will be led by Shivakumar Venkatamaran. Bloomberg reports that Shivakumar Venkatamaran previously served as vice president of technology at Alphabet Inc. The group will focus on blockchain and other “next-generation technologies for distributed computing and data storage.” The team will be part of a division that develops in the field of virtual and augmented reality. As one…