Defendant Gets Charged For Sending $10 Million in Bitcoin to Sanctioned Country
Federal Judge Jason Voorhees wrote that Bitcoin was used to avoid sanctions.
Kendrick Lamar photographer, Christopher Parsons, to drop first NFTs at AR x Samsung Event in NYC
Celebrated Photographer and Digital Director, Christopher Parsons, Drops NFT
Collection GENESIS as part of ArtRepublic Global and Samsung Event Series
Terra Luna Crash Backs China’s Move That Banned Crypto Related Activities
A Chinese state-backed publication, Economic Daily, published an op-ed article suggesting that the recent Terra blockchain’s LUNA crash and de-pegging the UST stablecoin justifies the Asian country’s decision not to allow crypto-related activities. The author identifies the U.S. Federal Reserve’s interest rate increases and the purchase and sale of crypto assets by various investment giants as the main causes of the market crash.
The Entity In Charge Of Safeguarding UST Peg Disclose Usage of Luna’s Bitcoin Reserves
Luna Foundation Guard, which is responsible for safeguarding the stablecoin UST, has disclosed how it used Bitcoin reserves before the Terra ecosystem collapse. To stabilize the value of UST, the organization sold a portion of its bitcoins directly and traded another on different dates. The reserve contained more than 80,000 BTC.
Music Ally Reports Spotify Has Started to Trial NFTs
Select US-based users can view the NFTs of selected artists on the platform. These will be linked to an external market and NFTs won’t be sold directly by Spotify.
Luna’s Reserve Wallet Makes 80,000 Bitcoin Disappear, What’s Left?
Luna Foundation Guard shared information with the world about its crypto-asset reserves, and made a promise to compensate those who have used the UST that failed.
Terra Blockchain Projects Get a Helping Hand From Polygon and Others
These efforts will be a great help to many Terra projects after last week’s devastation.
Crypto Currency Head at Meta Launches Payment Startup Lightspark
David Marcus, the former head of cryptocurrency at Meta, will launch Lightspark, a new payments company that uses crypto as its central payment method. Marcus will be the CEO of the startup. Other former employees of Meta will also be involved in the venture. The company will explore the potential of using layer 2 Lightning Network (LN), as a vehicle to make bitcoin payments.
Australian Tax Regulators Focus on Crypto Capital Gains And More
Tim Loh, assistant commissioner at ATO, stated that you cannot offset crypto losses against your wages and salary. The Australian Taxation Office (ATO), has identified crypto capital gains among four areas of focus for 2022.
Top Gaming Designers Build a MetaHistory Museum With NFT’s to Support Ukraine
Many celebrities, social activities and visual artists have joined the alliance of supporting Ukraine with cryptocurrency and NFT artworks since the end of the Russian-Ukrainian conflict. The trend continues. A group of talented artists have created the avatar NFT series, which brings the support and devotion to an entirely new level. These artworks are distinguished by their stunning visuals, the horrific images, the hauntingly real resemblance to the ongoing cruelty, as well as the unwavering power of resilience.
