THE DAILY ENCRYPT

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NFTs In A Nutshell: A Weekly Review

Bored Ape Yacht Club dominates the conversation in NFTs often, and that didn’t change this week with the release of the project’s first ever token, ApeCoin. Meanwhile, Zuckerberg releases a quick forward-looking statement around NFTs on Instagram, and YouTube sensation Dr. Disrespect is bringing NFTs to gaming. We’re here with another episode of the Nutshell,

Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator

The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.” Meta Sued for Publishing Cryptocurrency Scam Ads The Australian Competition

Ron Paul Cautions Government Could Still Ban Bitcoin — Says He’s Influenced ‘a Whole Lot’ by History

Former U.S. Congressman Ron Paul says he still believes that the government could outlaw bitcoin mainly because he is “influenced a whole lot by history and the gold history.” Despite his warning, Paul stressed that crypto “should be obviously permitted.” Ron Paul Discusses Bitcoin as Interest in Crypto Rises Former presidential candidate Ron Paul discussed

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Coinbase Sued for Allegedly Selling 79 Unregistered Crypto Securities — Including XRP, Dogecoin, Shiba Inu

A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB). Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase

Peter Thiel Says His ‘Biggest Mistake of the Decade Was Getting Too Late and Too Little Into Bitcoin’

During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten

Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts

In the last 7 days, Cardano is one of the best performers on the crypto top 10 by market cap. Proof-of-Stake networks lead the market, as Bitcoin and others stand in the back. Related Reading | Cardano (ADA) Takes A Tumble After Hoskinson Is Accused Of Falsifying Credentials Avalanche (AVAX) records almost 30% in profits, …

Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts Read More »

Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions

Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions. Monetary Authority Urges Banks to Control Spending Linked to Crypto Assets The Central Bank of Russia (CBR)

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How Crypto Could Take the U.S. Marijuana Business to the Next Level

The President of leading crypto exchange FTX, for its U.S. branch, Brett Harrison hinted at a partnership with Cresco Labs. A Chicago-based company, Cresco Labs distributes, cultivates, and offers cannabis-based products. Related Reading | Why Centre Will Work With FTX And Alkemi On Project Verite  The company aims to “normalize, professionalize, and revolutionize cannabis”, according to