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May 2022

3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout

3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout

Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow the project’s fallout last week as the blockchain’s native crypto assets dropped significantly in value. Linkedin […]

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Aventis to Become Asia’s 1st Graduate School to Enter Metaverse

Aventis to Become Asia’s 1st Graduate School to Enter Metaverse

Aventis Graduate School unveiled its metaverse roadmap and become Asia’s first graduate school to enter the metaverse. The Aventis Metaverse was built in collaboration with Multiverse Labs and Smobler Studios. Through the metaverse, Singapore headquartered Aventis is aiming to graduate and executive education affordable and accessible across Southeast Asia. Aventis Metaverse is expected to begin

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Bitcoin is the greatest threat to banking.  Banks’attempts to discredit bitcoin

Bitcoin is the greatest threat to banking. Banks’attempts to discredit bitcoin

Each year, Bitcoin continues to grow in stature. Bitcoin is going mainstream by every metric — financial value, adoption rates, transaction volume, you name it. But not everyone’s happy Bitcoin adoption is growing. In particular, the banking industry feels threatened by bitcoin’s rise and continues to wage war on the cryptocurrency. That banks don’t like Bitcoin

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Is FAANG trade dead?

Is FAANG trade dead?

The popular FAANG trade may be dead for this bull market cycle, with the five components facing headwinds from geopolitical tensions, product saturation and a bearish shift in sentiment triggered by numerous privacy issues. Many former cheerleaders now view these too-big-too-fail operations as Big Brother overlords, sniffing our private lives through chatty home assistants, data-mining sites and those handheld marketing

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Mastercard launches tech that lets you pay with your face or hand in stores

Mastercard launches tech that lets you pay with your face or hand in stores

KEY POINTS Mastercard on Tuesday launched a program that allows retailers to offer biometric payment methods, like facial recognition and fingerprint scanning. Users can authenticate a payment by showing their face or the palm of their hand instead of swiping their card. The technology could one day help with the development of payments infrastructure for

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Australia Tax Office Says Crypto Under Focus This Tax Season

Australia Tax Office Says Crypto Under Focus This Tax Season

The Australian Taxation Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured. According to the tax watchdog, any Australian resident that “dispose of an asset such as property, shares, or a crypto asset, including non-fungible tokens (NFTs) this financial year,” will be required

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Investors withdraw over  billion from tether, raising fresh fears about stablecoin’s backing

Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

KEY POINTS Tether’s circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday, according to data from CoinGecko. The so-called stablecoin slipped below its intended $1 peg Thursday amid panic over the collapse of rival token terraUSD. The situation has once again placed the subject of the

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Ernst & Young Unveils Supply Chain Manager on Polygon Network

Ernst & Young Unveils Supply Chain Manager on Polygon Network

It marks the first joint project between the accounting firm and the Ethereum-scaling platform. Big Four accounting and consulting firm Ernst & Young has unveiled its blockchain-based supply chain manager that is built for the Polygon network and that is aimed at solving bottlenecks in tracing products as they come to market. The EY OpsChain

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Spotify reportedly tests NFT galleries on musician profiles

Spotify reportedly tests NFT galleries on musician profiles

The platform explores the possibilities to “improve artists’ and fan experiences,” conveying the survey among users. Major music streaming platform Spotify is reportedly testing the option of nonfungible tokens (NFTs) galleries on musicians’ profiles. Should the tests appear successful, the embedment of NFTs would serve to improve artist and fan experiences. Reports surfaced on Friday that

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COINSOURCE PARTNERS WITH KWIK TRIP TO LAUNCH 800 BITCOIN ATMS

COINSOURCE PARTNERS WITH KWIK TRIP TO LAUNCH 800 BITCOIN ATMS

Coinsource has partnered with Kwik Trips, one of the largest independently owned gas station brands, to launch 800 bitcoin ATMs across the United States. Coinsource is installing 800 bitcoin ATMs across midwestern Kwik Trip gas stations. Coinsource charges a flat 11% fee and offers a discount to Kwik Trip rewards members. Kwik Trip employs over

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