Author: Bitcoin.com
Lana Rhoades is being condemned by people in the crypto industry for her role in an NFT project called Cryptosis, which features 6,069 NFT cartoon images of the adult film star. Rhoades is accused of withdrawing a large sum of Ethereum (ETH) from the project, according to a video published by Coffeezilla. The claim is that Rhoades touted her NFT collection as a “lucrative investment,” but after the withdrawal and myriad statements stemming from the project’s Discord channel, belief in the Cryptosis NFT project has plummeted. Coffeezilla and others have called the move a “rug pull,” which is a term widely used…
The nationalization of Russian-based assets belonging to foreigners and businesses registered in “hostile jurisdictions” is a possible response to the potential seizure of funds of Russian citizens and companies abroad. That’s according to a recent statement by the Deputy Chair of the Security Council of Russia Dmitry Medvedev on social media. Following President Putin’s decision to launch a military operation in Ukraine, the United States and European allies introduced a wide range of sanctions on Russia, Russian banks, its political and business elites. On Saturday, Medvedev took to Facebook to comment on the measures that are targeting the members of the…
Members of the Mexican Bank Association have stated their intention of helping the central bank of the country in the design and issuance of a potential central bank digital currency (CBDC). The president of the association, Daniel Becker, met with the governor of the Bank of Mexico, Victoria Rodríguez Ceja, to review some important factors related to making banks more accessible for Mexican citizens. About the meeting, Becker stated: “If Banxico determines that the banking opinion can help build better elements or a cryptocurrency, count on us and the best banking opinion so that it is something that provokes and has a…
The Sandbox, one of the most popular blockchain-based metaverse game experiences, is about to launch 10,000 Snoop Dogg avatar NFTs on February 22, 2022, prior to the opening of the Alpha Season II. It’s a great news for both Snoop Dogg fans and The Sandbox lovers. The 10,000 Snoop Dogg avatars are programmatically generated, voxelated NFTs which contains over 150 traits. Each uniquely cool Doggie avatar can be playable in the second season of the game to attend events and concerts, complete quests, hang out with friends and explore the metaverse like a celebrity. Imagine going to a Snoop Dogg…
According to the Saudi Arabian princess, Reem Al Faisal, NFTs are a natural evolution of art that gives artists the freedom to reach different races, cultures and places. Al Faisal also asserts that NFTs have done what decentralized finance (defi) has done to finance — they have “decentralized art.” The Saudi princess’ comments about artists’ adoption or growing use of NFTs follow recent reports that she had launched her first NFT as well as the first virtual exposition of Saudi NFTs. Also, prior to launching the NFTs, Al Faisal, a photographer for more than 30 years, had sold her works…
The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology and non-fungible tokens (NFTs), the company’s Technical Director Alexander Tobol unveiled in a recent interview with Vesti. Both will become part of a set of tools for monetizing user-generated content and protecting copyrights, the executive explained. An NFT, Tobol elaborated, is a digital certificate of uniqueness, ensuring it’s impossible to forge the content which is guaranteed by an entry into a distributed ledger. Tobol further emphasized that Vkontakte is not preparing to develop its own blockchain. The popular social media network intends to act as an intermediary and assist…
Julio Velarde, the president of the Central Bank of Peru, recently shared his opinion and the considerations that the bank has about cryptocurrencies. The official stated that these new elements in the economy had some defects compared to their fiat counterparts. Velarde first referred to the volatility of bitcoin and other cryptocurrencies, stating that they are “highly volatile financial assets.” Velarde also explained that this is the attractive part of cryptocurrency because people and traders purchase them because of this risk. One of the reasons for this volatility is the lack of intrinsic value of these assets, according to Velarde.…
The Nigerian fintech startup Flutterwave recently announced it raised $250 million in a Series D funding round. The latest capital raise, led by B Capital Group, saw the fintech firm’s valuation increase to over $3 billion. According to a statement on the remittance and payments service provider’s blog, Flutterwave is planning to use the capital raised to drive its “ambitious expansion plan to accelerate customer acquisition in existing markets and growth through M&A.” In addition, the fast-growing fintech startup said it will use the funds to “develop complementary products while encouraging new innovations in its products and services development.” Flutterwave’s confirmation of…
Bahrain’s central bank recently said it had piloted its first cross border funds transfer using the JPMorgan blockchain. The transfer, which was carried out in partnership with Bank ABC, is the latest step taken by the CBB as it prepares to launch its digital currency. In his comments following the latest test, CBB governor, Rasheed Mohammed Al Maraj, is quoted by Unlock Media lauding the central bank’s ongoing tests. He said: “We at the Central Bank of Bahrain are extremely pleased to announce the success of this test which aligns with our vision and strategy to continually develop and enrich the capabilities…
Following the finance minister’s announcement to tax cryptocurrency income, the question of whether crypto is now legal or legitimate in India has come up repeatedly. Union Minister of State for Finance Bhagwat Karad, a member of Rajya Sabha, India’s upper house of parliament, reportedly explained Saturday that cryptocurrency is not legal in India. He told reporters that both the government and the central bank, the Reserve Bank of India (RBI), have not given any recognition to cryptocurrencies, therefore they are not legal in India right now. However, he is not saying that the legal status of crypto will remain this way, emphasizing…