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Japan utilizes NFTs to reward local authorities for exemplary service

Japan utilizes NFTs to reward local authorities for exemplary service

Seven Japanese mayors were given awards for their stellar achievements since assuming office. The awards took the form of  (NFTs) and were issued primarily to government officials for their role in promoting the digital economies of their cities.The NFTs were Ethereum-based Proof of Attendance Protocol (POAP) NFTs issued from Hazama base, a platform that has found prior usage amongst Japanese political parties, according to a Coinpost . The NFTs cannot be resold on the secondary market, making them of a non-transferrable kind.The Cabinet Secretariat issued the awards at the...

September 15, 2022
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BSV now listed on Switchere digital currency exchange

BSV now listed on Switchere digital currency exchange

Exchanges have become the lifeblood of the digital currency sector, making access to Bitcoin easy and seamless for millions worldwide. For BSV, the listings keep coming, with the latest being on digital currency exchange .Based in Estonia, Switchere is a  and legally-compliant online exchange that offers a wide array of digital assets. It boasts a secure infrastructure system, fast execution, and high spending limits. It supports every other payment method for the traders’ convenience, including Visa, Mastercard, and credit cards, as well as ‘crypto-to-crypto’ exchange...

September 16, 2022
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Russia eyes digital assets for settling cross-border transactions as sanctions bite harder

Russia eyes digital assets for settling cross-border transactions as sanctions bite harder

Russia is looking to become the first country to deploy digital currencies for cross-border payments within a legal framework. The intention to turn to virtual assets as a settlement for international transactions comes from Prime Minister Mikhail Mishustin’s  at a strategic session with regulators at the end of August.In his speech, Mishustin stated that Russia’s financial system requires a total overhaul given the present circumstances the economy faces. Russia has been embroiled in a war with Ukraine since February and slammed with , stifling its ability to process...

September 16, 2022
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US: One-half of couple accused of money laundering seeks court's permission to access digital asset wallets

US: One-half of couple accused of money laundering seeks court's permission to access digital asset wallets

After months of standing trial on money laundering charges with her husband, Heather Morgan has asked the court to grant her  to her digital wallets containing virtual assets. Morgan said the purpose of her request is to , including that of her spouse.The couple is  over charges of laundering nearly $5 billion in stolen BTC from Bitfinex. Morgan’s lawyer, Eugene Gorokhov, made the filing on September 12 for the courts to shed light on the peculiar request from Morgan.“To determine her tax liability, Ms. Morgan must access specific cryptocurrency wallets in order to...

September 14, 2022
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NYSE threatens BIT Mining with delisting for low share price

NYSE threatens BIT Mining with delisting for low share price

This year’s digital asset bear market has dealt a big blow to block reward miners, and one of them faces delisting from the New York Stock Exchange (NYSE). NYSE issued a notice to  (NYSE: BTCM) threatening it with delisting for trading below the applicable price criteria since June.BIT Mining  that it had received the NYSE letter on July 29, notifying it that it was not in compliance with the exchange’s applicable price criteria. This criteria threatens to delist any company whose share price has traded consistently below $1 for 30 trading days.The miner’s shares fell below $1 on...

August 25, 2022
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Israel financial regulator grants first 'crypto' license to local firm

Israel financial regulator grants first 'crypto' license to local firm

Granath v Wright entered its second week on Monday, with the last of the expert witnesses taking the stand and plaintiff Magnus “Hodlonaut” Granath’s counsel beginning their closing arguments.Zetly plans to develop a full Metaverse for fans to interact with objects in the physical world, like buying merchandise, which can be used to scan a playing arena, access NFTs, or play P2E games.In this post, Data Finnovation provides convincing evidence from novel on-chain analysis showing how a real digital currency use case works.The chamber has requested to file an amicus brief in the Ripple case,...

September 14, 2022
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Do Kwon: South Korea issues arrest warrant for Terra founder

Do Kwon: South Korea issues arrest warrant for Terra founder

South Korean authorities have issued an arrest warrant for Terra founder Do Kwon, four months since the spectacular collapse of his $40 billion digital asset project.According to a local media , the warrant was issued by the Seoul Southern District Prosecutors’ Office. Bloomberg further  that the warrant is for Kwon and five others he worked with at Terraform Labs, the company behind the. They include fellow Terraform founder Nicholas Platias and Han Mo, an employee at the firm.The  Kwon is currently residing in Singapore. In an August interview, he claims to have...

September 15, 2022
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Indian state uses blockchain to improve registration of new properties

Indian state uses blockchain to improve registration of new properties

Maharashtra, India’s second-most populous state, is  distributed ledgers to revamp documentation of land property in the region. The government’s decision to use  was borne out of the desire to improve trust amongst industry participants and reduce incidents of fraud.Shravan Hardikar, Maharashtra’s inspector General of the Department of Registration and Stamps, noted in a press conference that things are already in motion for the registry to adopt  (DLT) with leading financial institutions already on board.“Blockchain pilot has already been started with banks...

September 14, 2022
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Uruguay mulls bill giving central bank control over digital asset service providers

Uruguay mulls bill giving central bank control over digital asset service providers

A  has been sent to Uruguay’s legislature seeking a complete overhaul of firms’ activities in the virtual assets industry. Local publication El Observador wrote that the main object of the proposed legislation is to confer legal powers on the Central Bank of Uruguay (BCU) to exercise control over such companies.The bill defines virtual asset service providers as “entities that regularly and professionally provide one or more virtual asset services to third parties.” While these services may be vague and ambiguous, the filed regulation attempts to narrow them down to digital...

September 16, 2022
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Florida's government raises public awareness on consumer fraud in digital space

Florida's government raises public awareness on consumer fraud in digital space

The Florida Department of Agriculture and Consumer Services (FDACS) has  residents in the Sunshine State over the increasing number of scams. The agency made this known in its newsletter, identifying six different scams that are fleecing millions of dollars off unsuspecting consumers.The fraudulent activities include auto warranty, health insurance, utilities, post-disaster preparation, and the infamous RV giveaway scam. The newsletter notes that a vital feature of the scams is using gift cards or digital assets to receive payments.“Payment Type: If you are asked to pay with a...

September 14, 2022
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