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Reality TV pioneer Bunim-Murray Productions is throwing its hat into the NFT ring. The production company teamed with tech startup Virtual Arts to form Wonderfuel, an entertainment company that intends to develop a slate of unscripted TV shows funded by sales of nonfungible tokens (NFTs). Wonderfuel (wonderfuel.co) plans to shop its shows to traditional TV networks and streaming platforms, and the shows are also expected to be available on Web3 platforms to NFT owners. The companies said that new NFTs — which verify the ownership of unique pieces of digital content using distributed blockchain technology — will be minted and released alongside the shows, giving…
The lack of consensus among Democrats means it’s unlikely Congress will act anytime soon to pass major legislation on the direction of regulation of the new market. Democratic lawmakers are entering a crypto collision course. Questions around how to police digital currency and whether to support its adoption are driving a rift not just between the party’s liberal and centrist wings but also among progressives who often see eye-to-eye on financial regulation. Sen. Elizabeth Warren of Massachusetts — who has long led the left’s charge to crack down on banks and Wall Street — has emerged as one of the party’s most…
As crypto continues to galvanise attention from both the authorities and investors, a number of analysts are suggesting Bitcoin could become legal tender in many countries. Anthony Scaramucci, founder of investment management firm Skybridge Capital, expects more countries to adopt Bitcoin alongside their domestic and international currencies. “I think Bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador, but other countries,” Scaramucci said. El Salvador adopted Bitcoin as legal tender alongside the US dollar in September last year. El Salvador’s president, Nayib Bukele, predicted in January that two more countries would…
Cofounders Akin Adebowale and Ousman Sahko revealed at SXSW in Austin, Texas, this weekend their blockchain developments and introduction into Web 3.0, which includes a new NFT marketplace called BTX and a new cryptocurrency named Blackrose “BRS.” BTX, launching this spring, will be the first global marketplace exclusively designed to serve Black creatives in art, stories and perspectives and Blackrose is a token built with a dedicated allocation for Black initiatives. The developments will make Blacktag one of the first platforms to integrate livestreaming with blockchain and NFTs. Adebowale and Sahko see the benefits of the blockchain and how it…
Ukraine and charities supporting the nation have turned to soliciting cryptocurrency donations during Russia’s invasion of the country. The gamble on virtual currencies worked: Within a week of launching wallets to receive donations directly, the Ukrainian government raised more than $50 million worth of cryptocurrency. But the innovative means of fundraising have also introduced opportunities for cybercriminals to scam donors for a cut. Ukraine announced last week it would send free tokens of a new government-sponsored cryptocurrency as an incentive to donors. It ultimately scrapped the plans, but not before a group pretending to represent the country took advantage of the confusion…
After the retailer’s partnership with Bitcoin Depot in 2020, it has installed more than 700 of these devices to meet the rise of customer interest in cryptocurrency. Cryptocurrency is one of the hot topics in finance and it is has an increasing impact on everyday shopping. Last year, Circle K rolled out a total of 700 crypto ATMs as part of its partnership with Bitcoin Depot signed in 2020. As reported by the news site retailcustomerexperience.com, the ATMs have been deployed across 30 states. Each one of them offers customers the chance to sign up for a crypto wallet to…
In a sudden u-turn, Bitcoin’s price shed $3K off its value and left around $215 million worth of liquidated in a day. The cryptocurrency market went through serious volatility in the past couple of days and has left a trail of liquidations worth around $215 million in the last 24 hours. As CryptoPotato reported yesterday, Bitcoin’s price surged massively towards $42,000 following the news of President Biden signing the long-awaited executive order on cryptocurrencies.The document’s text was perceived well by the market, in general, as it failed to outline particular worries outside of what the industry had already factored in advance.Today, however, prices took…
Sen. Elizabeth Warren (D-MA) is preparing a bill in response to fears that Russian nationals may be using cryptocurrency to evade sanctions. The draft legislation, first reported by NBC, would require banks and other financial institutions to both identify customers and transfers to private wallets, and regularly report information to the Treasury Department. But crypto firms insist that there’s no evidence of sanctions evasion on their exchanges. “Criminals can use cryptocurrency to move money in the shadows, opening a door for Putin & his cronies to evade economic sanctions,”Warren wrote in a tweet Tuesday afternoon. “I want answers from @USTreasury on how they’ll ensure crypto doesn’t undermine…
Lawmakers voted Monday to clarify state law and financial regulations regarding cryptocurrency, which lawmakers are calling a long-term investment. The bill (HB 273), sponsored for the second year in a row by Rep. Vance Aloupis, would undo a 2019 court ruling preventing individuals who own bitcoin and other cryptocurrencies from selling them without a license. After the proposal passed the House unanimously Monday morning, the Senate in the evening passed the bill with only one vote against. In Florida v. Espinoza, a state appeals court bucked guidance from the Office of Financial Regulation (OFR) and found that individuals who own…
Central Bank of Russia stands firm on its previous stance on crypto despite Russians swapping their rouble for crypto reaches record high. Amid the raging war with Ukraine, Russia’s central bank has once again called on the government to place a blanket ban on cryptocurrencies as reported by Russian agencies on Thursday. The Central Bank stated that its stance on cryptocurrencies has not changed. The Central Bank has publicly claimed that it regards cryptocurrencies as extremely risky and similar to pyramid schemes that might sabotage the financial well-being of ordinary Russians, In January, the Russian Central Bank proposed a ban…