Every so often a new project will arrive that shakes the Web3 sphere to its very core. This time around, it’s the turn of Moonbirds, 10,000 utility laden owls of the non-fungible variety. Moonbirds fluttered onto the scene at precisely 12pm ET on April 16, at a brain melting 2.5 ETH a pop. A price that in hindsight represented an absolute bargain. As a result, the collection sold out almost immediately and the floor went stratospheric. When the dust had settled just 48 hours later, trading volume was pushing the…
Read MoreDay: 20 April 2022
Binance.US awarded money transmitter license in Puerto Rico
Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia. Binance.US was launched as a second attempt by Binance CEO Changpeng Zhao to cater to investors in the United States as the nation banned Binance’s primary operations, citing regulatory concerns. The new license from Puorto Rico further strengthens CZ’s vision “to be licensed everywhere.” According to the announcement, the money transmitter license…
Read MoreNigerian Agencies Told to Stop ‘Demonizing’ Crypto Industry Players
Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry. According to an association that advocates for the risk-based regulation of the crypto industry, financial institutions should not use a Nigerian central bank directive as basis for denying service to industry players. Risk-Based Regulation of Crypto Activities A blockchain and crypto industry association has told Nigerian public and law enforcement agencies to stop demonizing and discriminating against blockchain and crypto entities. In its latest press release, the Stakeholders in Blockchain Technology…
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