Tag: Business

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No credit for crypto — users react to Russia-issued credit card ban

“Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin,” said Marty Bent. Cryptocurrency exchanges and financial services companies will soon likely no longer be able to accept transactions completed with many major credit cards following the companies ceasing operations for Russia-based users. On Saturday,…
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Russian national will use sales of her burning passport NFT to support Ukraine

NFT artist Olive Allen said by publicly burning her Russian passport, she was effectively making it dangerous to repatriate by protesting the current government. Olive Allen, a Russian national and artist who has lived in the United States for more than 11 years, has burned her mother country’s passport in the hopes of raising awareness…
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Former ENS director of operations may remain at foundation after voting against his own removal

“We can’t let someone who is bigoted about a marginalized community stay the figurehead of a large web3 organization,” said ENS user healingvisions.eth. Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director. According…
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Crypto dealer SFOX gets trust charter approval from Wyoming regulators

“The new charter will enable us to provide secure, reliable and efficient investment, trading, and custodian services for a wide range of digital assets,” said SFOX co-founder Akbar Thobhani. The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional…
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Samson Mow leaves Blockstream, plans to focus on ‘nation-state Bitcoin adoption’

“Now is a pivotal point in Bitcoin’s evolution — we’re on the verge of mass adoption, and I think that I can make it happen faster,” said Samson Mow. Blockstream chief strategy officer Samson Mow has announced he will be leaving the blockchain firm after five years. In a Tuesday Twitter thread, Mow said he…
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Cointelegraph launches Innovation Circle — A private membership service for industry leaders

“We are building a community of thoughtful leaders dedicated to expanding crypto literacy and industry access across the globe,” said CEO Jay Cassano. Your friendly neighborhood digital media publication covering news on crypto and blockchain has launched a private membership service aimed at business leaders and industry experts who share a commitment to shaping the…
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Bitcoin climbs to $41K and flippens the Russian ruble

The Central Bank of Russia reported the country’s money supply was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion with the recent drop against the U.S. dollar. After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble.  According to data from…
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Goldman Sachs exec joins Coinbase: ‘It’s time to embrace the cryptoeconomy’

Roger Bartlett is the latest in a line of Wall Street executives who have moved into the blockchain and crypto space. Roger Bartlett, a Goldman Sachs veteran who has held various positions at the firm since 2005, announced he would be moving to Coinbase. In a Friday announcement on LinkedIn, Bartlett said he would be…
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Gemini joins Coinbase and Block at the Crypto Council for Innovation

The crypto exchange declared it spent $120,000 on lobbying activities in the U.S. in the third and fourth quarters of 2021. The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation. In a Thursday announcement, the CCI said that…
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Journalist alleges Mimo Capital co-founder was behind 2016 exploit of The DAO: Report

“This is yet another example of evidence preserved on the blockchain forever,” said Chainalysis. Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016. According to a…
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