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Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa has filed a patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO). The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.

Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies

Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies

The Senate Banking Committee, led by Sherrod Brown and Tim Scott, may regulate crypto in the upcoming Congress.

IRS Crypto Disclosure Letters Violated US Taxpayer Rights in 2019

IRS Crypto Disclosure Letters Violated US Taxpayer Rights in 2019

The IRS shook up the US crypto sector last year, when it issued Letter 6137 to American taxpayer’s which demanded that all citizens declare any unreported crypto gains within 30 days. One year on and an IRS watchdog has slammed the letter as a violation of the Taxpayer Bill of Rights.

Korean Prosecutors Consulting if LUNA Classified "Security"

Korean Prosecutors Consulting if LUNA Classified "Security"

The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).

Gumi Cryptos Capital Launches $110m gCC Fund II, Investing in Crypto Startups

Gumi Cryptos Capital Launches $110m gCC Fund II, Investing in Crypto Startups

Crypto venture capital firm Gumi Cryptos Capital(gCC) has launched a $110 million second fund, gCC Fund II, to invest in about 50 cryptocurrency companies through equity and tokens.

BitMEX Lists Luna 2.0, ETH Margin and Settlement Options

BitMEX Lists Luna 2.0, ETH Margin and Settlement Options

BitMEX users are now able to trade ETH options and USDT-margined Terra Luna 2.0 contracts, all with up to 25x leverage.

Nous Launches World's 1st Decentralised Hedge Fund

Nous Launches World's 1st Decentralised Hedge Fund

Blockchain start-up Nous Systems has announced the launch of the world's first decentralised hedge fund built on blockchain technology.

This CryptoPunk Owner Refuses to Accept a $9.5M Bid for His Rare NFT

This CryptoPunk Owner Refuses to Accept a $9.5M Bid for His Rare NFT

A Twitter user with the handle @richerd has rejected a 2,500 ETH (approximately $9.5 million) bid for CryptoPunk #6046.

Seoul Court Issues Arrest Warrant for Do Kwon and 5 Others

Seoul Court Issues Arrest Warrant for Do Kwon and 5 Others

Do Kwon and five others have allegedly violated the nation's capital markets law and have been issued a warrant from the court in Seoul. LUNA and LUNC both collapsed after the arrest warrant was issued.

Yuga Labs Acquires Roar Studios to Expand Metaverse Vision

Yuga Labs Acquires Roar Studios to Expand Metaverse Vision

Yuga Labs, known for Bored Ape Yacht Club, has agreed to acquire Roar Studios, enhancing its metaverse vision.

Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar

Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar

Federal Reserve Chair Jerome Powell says it will be up to United States lawmakers whether or not to bring a digital dollar to the market.

UAE Markets Regulator Approves Trading of Canadian-Based Bitcoin Fund on Nasdaq Dubai Stock Exchange

UAE Markets Regulator Approves Trading of Canadian-Based Bitcoin Fund on Nasdaq Dubai Stock Exchange

The Dubai Financial Services Authority (DFSA) has cleared the launch and trading of Canadian-based Bitcoin fund on Nasdaq Dubai Stock Exchange as part of the effort to provide investors based in the Middle East access to the cryptocurrency investment services.

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