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Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State

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A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.

State Sen. Wendy Rogers (R-AZ) has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept bitcoin.

The proposed legislation aims to recognize bitcoin as a legal form of currency in Arizona, allowing it to be used to pay for debts, taxes and other financial obligations. This would mean that all transactions that are currently done in U.S. dollars could potentially be done with bitcoin, and individuals and businesses would have the option to use bitcoin as they see fit.  Read more...

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21Shares Introduces Digital Currency Staking ETP On BX Swiss Exchange

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21Shares recently announced its operation on the local stock exchange known as BX Swiss. This event recently occurred as the company released a digital currency staking index that primarily tracks about 10 Proof-of-Stake (PoS) cryptocurrencies.

Primarily, 21Shares specializes in creating and managing exchange-traded products (ETPs) that track the value of various cryptocurrencies. A few examples are Bitcoin and Ethereum. The company provides investors with an easy and convenient way to invest in cryptocurrencies through traditional financial markets.

Some of its activities include creating and listing ETPs on stock exchanges, managing their underlying assets, and providing investors with market data and other information.  Read more...

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National Australia Bank Introduces New Stablecoin To Enhance Region’s Digital Economy

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The massive potential and ability of blockchain, as well as stablecoins, have resulted in the growing awareness of the technology, and its continuous adoption attracts big firms and entities to utilize it. The latest notable adopter of blockchain technology is now the National Australia Bank (NAB).

According to a report published by Australian Financial Review on January 19, citing sources, NAB, one of the major banks in Australia, will be introducing a  fully backed stablecoin called AUDN that will boost the digital economy in Australia and allow business customers to settle transactions in Australian dollars on the blockchain.  Read more...

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Sen. Elizabeth Warren Introduces Sweeping Anti-Privacy, Anti-Freedom Bitcoin Bill

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U.S. Senators have introduced a bill that would have a direct impact on the categorization and regulation of bitcoin miners, wallets and nodes.

Senators Elizabeth Warren (D-Mass) and Senator Roger Marshall (R-Kan) have introduced the “Digital Asset Anti-Money Laundering Act Of 2022,” a bill which would have sweeping impacts on the privacy of bitcoin users.  Read more...

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Revolut Introduces Crypto Card, Customers To Get Cashback In Dogecoin

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Revolut, which is a British fintech and banking firm, has decided to launch a new feature called “spend from crypto”. This feature helps convert the crypto balance of customers into fiat money.

That, in essence, will make it faster for Revolut cardholders to sell their crypto assets and channel the money to their credentials in real-time to pay for everyday purchases.

Customers can pay online for e-commerce and in-person purchases. The conversion transaction will be subjected to the current exchange rate and exchange fees are applicable to the user’s subscription plan.

Pay with crypto offers a feature of payback to its customers.  Read more...

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Blockchain.com Introduces A Visa Debit Card That Allows Users To Pay In Crypto

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Blockchain.com, a renowned and trusted platform to buy, sell, and trade crypto, has recently announced its Visa debit card. The introduction of this debit card has been expected for quite some time now.

The Blockchain.com Visa card has a huge waitlist of 50,000 people wanting to sign up.

The card is already at its launch. The debit card will allow users to pay with digital currency or fiat balances.

It will be initially made available to people living in the US. Users will be able to use their crypto-or fiat money within the Blockchain.com wallet without incurring any fees.  Read more...

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a16z Introduces Free NFT Licensing Framework To Control Ownership

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Ownership recognition of Non-fungible tokens (NFTs) has become a critical issue that raises many other legal problems and copyright vulnerabilities. A venture capital firm, Andreessen Horowitz, also known as a16z, has appeared with a solid-looking solution to this problem via providing free licenses to creators.

According to a Wednesday blog post written by the firm’s general counsel Miles Jennings and general partner Chris Dixon, the company is all set to enable a free NFT licensing framework. It provides six types of lawyer-vetted licenses creators can use to control ownership of an artwork. The firm comes to this move with a primary goal to unleash the ‘economic potential’ of the digital artwork sector.  Read more...

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Revolut Introduces Crypto Trading In Singapore Despite Chances Of New Restrictions

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Revolut has launched a cryptocurrency service in Singapore. Many firms have depicted unwavering belief in the market despite the downturn.

Singapore recently has been lacking clarity in terms of the restrictions that are supposed to be imposed in the crypto industry.

Some companies have been severely affected during the bloodbath, however, some have continued to move forward with their expansion plans.

Recently, BlackRock, the investment management company collaborated with Coinbase to extend cryptocurrency access to its clients.

In the similar vein, Revolut has unveiled its crypto service in Singapore. Along with this, Revolut also plans to increase their headcount by 20%.  Read more...

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KuCoin Introduces ‘Soft Staking’ for Cosmos, EOS, TRON and IOST

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Singapore-based crypto exchange KuCoin has officially added to the list of cryptocurrencies investors can hold on the exchange for daily rewards. In a recent announcement, KuCoin unveiled its new Soft Staking Program, where investors will receive daily distributions for holding the following altcoins: Cosmos (ATOM) EOS (EOS) Tron (TRX) Internet of Services (IOST) ATOM Soft Staking […]
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BitBay.net Exchange Introduces GBP With Special June Promotion

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Malta-based BitBay, is one of the largest crypto-fiat exchanges in Europe and the first to offer direct fiat-to-fiat exchange. The platform has recently introduced GBP deposits and withdrawals without daily limits. Shortly after integrating the currency, BitBay.net opened GBP trading pairs with BTC, ETH, XRP, LTC, and BCC. Only now, all GBP deposits and withdrawals are free for the month of June! About BitBay Founded in 2014 and backed by a team of over 200 professionals, BitBay has since become one of the largest European exchanges with over 800,000 active users, more than 547,000 BTC annual volume, and support for  Read more...

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What a bit! New York Introduces a State Bill to Decriminalize Sex Work

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New York introduces a bill that will decriminalize sex workers. This state-wide bill is back by a coalition of more than 30 organizations across LGBTQ R’ US, racial justice and immigrant rights. This is truly amazing sex workers have always been in the shadows almost like the boogeymen of our society. We know they exist but we choose to ignore them and most of us, just accept prostitution as this vile and low act. I’ve always found it strange that prostitution was illegal.

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Block.one Introduces EOS-Based Social Network ‘Voice’

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Block.one, the startup behind the EOS (EOS) blockchain ecosystem, unveiled a new social networking platform over the weekend called Voice that is designed to upend the current centralized standard that includes Facebook and Twitter. Welcome to the application layer of #EOShttps://t.co/ixQp1vRIbb — Brendan Blumer (@BrendanBlumer) June 2, 2019 According to the announcement, which was significantly hyped up […]
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GOP Senator Introduces Bill to Ban Loot Boxes in Video Games for Minors

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The days of video game loot boxes might be numbered as Senator Josh Hawley (R-MO) announced a new bill this week that would ban loot boxes and pay-to-win microtransactions in games played by minors. If passed, The Protecting Children from Abusive Games Act would apply new consumer protections to: Games targeted at those under the […]
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IOST introduces OnBlock to let everyday users interact with on-network DApps with email, mobile number

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IOST introduces OnBlock to let everyday users interact with on-network DApps with email, mobile number
Next-generation, app-friendly public blockchain infrastructure IOST is introducing OnBlock to enable everyday users to interact with Decentralized Apps (DApps) on the IOST network with just their email address or cell phone number to log in. The OnBlock platform, which is developed by an IOST node c…

The post IOST introduces OnBlock to let everyday users interact with on-network DApps with email, mobile number appeared first on CoinReport.

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WAX (WAX) Introduces Genesis Tokens With Bonus Staking Rewards for 3 Years

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World Asset eXchange (WAX) announced its Genesis Block Member Program (GBM) this week, which is designed to provide early network supporters with additional daily token rewards for 3 years as part of the WAX mainnet token swap. WAX Blockchain and Protocol Token Release Update: Introducing the Genesis Block Member Program (GBM). GBM participants will receive daily […]
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Microsoft (MSFT) Introduces $14.99-a-Month Xbox Game Pass Ultimate

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On Tuesday, Microsoft (MSFT) announced a new monthly subscription plan that combines the traditional Game Pass with Xbox Live Gold. Introducing @XboxGamePass Ultimate. #InsideXbox Learn more: https://t.co/UttTSujVJl pic.twitter.com/4JJ7VpmF5F — Xbox (@Xbox) April 16, 2019 According to the announcement, the Xbox Game Pass Ultimate costs $ 14.99, offering a bundled discount versus the $ 19.98 monthly subscription price […]
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Coinbase Introduces Debit Card Linked to Cryptocurrency Balances for U.K. Customers

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Coinbase card.jpg

Major U.S.-based crypto platform Coinbase has launched the Coinbase Card, a debit card that lets U.K. customers make purchases online and in-store using cryptocurrency.

The new card will link the customers' crypto balances held on the Coinbase platform with their debit cards — converting crypto holdings into fiat currencies to complete each transaction.

The Coinbase card gives users the ability to make payments via "contactless, Chip and PIN, as well as cash withdrawals from ATMs," an official press release from the exchange states.

The debit cards will be issued by Paysafe Financial Services Limited, a U.K.-based financial services firm regulated by the Financial Conduct Authority (FCA).  Read more...

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Paxful Introduces AI-Powered, Biometric Verification to Improve KYC and AML

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The peer-to-peer bitcoin marketplace Paxful announced today, April 2, 2019, that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures on the platform.

Teaming up with Jumio, a digital identity and address verification company, Paxful is hoping that this added verification will help to minimize fraud risk.

Speaking to Bitcoin Magazine, Ray Youssef, co-founder and CEO of Paxful, said that the platform was already emphasizing account verification as a way to prevent fraud.  Read more...

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Pakistan Introduces Crypto Regulation

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Pakistan

The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF).

The FATF is an intergovernmental organization based in France that creates policies for combating money laundering and other threats to the integrity of the global financial system. It has reportedly been working on international regulations for cryptocurrencies.  Read more...

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