Mark Karpeles announces commemorative NFT drop for Mt. Gox users

The former CEO of thnow-defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs. In a Monday announcement on Twitter, Mark Karpelès said that crypto users who were Mt. Gox customers between 2010 and 2014 — during which time the exchange was hacked and subsequently declared bankruptcy — could register to claim a free NFT. According to the CEO, the offer extends to users who had a balance or have claimed losses from the defunct exchange. “Mt. Gox customers are…

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US exceptionalism could be tested as digital assets find footing worldwide — Sheila Warren

Sheila Warren, CEO of the Crypto Council for Innovation and former head of data, blockchain and digital assets at the World Economic Forum, said the digital yuan may present certain challenges for the United States. However, regulators and lawmakers may want consider how to encourage digital innovation, as China is already “massively tech forward” for its residents. Speaking to Cointelegraph during Austin’s SXSW festival, Warren said that though she believed China’s digital yuan was unlikely to significantly affect retail payments in the United States, the adoption of the technology surrounding…

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Blockchain-enabled digital fashion creates new business models for brands

[ad_1] Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology as a whole continues to be a game-changer for the fashion industry.  While blockchain-based supply chains served as some of the earliest use cases of how the technology could help detect fraudulent items, digital wearables being built on blockchain networks are now coming to play. Megan Kaspar, co-founder and managing director of Magnetic — a privately held crypto and blockchain…

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Building Business Solutions Using The Lightning Network

[ad_1] Watch This Episode on YouTube Watch/Listen To This Episode: [0:00:07.7] P: Tim, I appreciate you jumping in on such short notice. You are the creator of LNPay.co, which is, in my view, a herald of the future, where we will have more and more, the surprises. No one, of course, that I’m saying this, but we’re going to have more and more businesses and infrastructure built out on top of the Lightning Network. For the audience, of course, we’ve got Bitcoin, which is layer one technology, sound money, it’s extremely…

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Malta Chamber of Commerce business unit responds to allegations of lax crypto oversight

[ad_1] A business unit within Malta’s Chamber of Commerce has struck down allegations that the country failed to uphold proper regulatory oversight of cryptocurrency businesses in its early embrace of the industry in 2017 and 2018.  The Virtual Financial Assets Agents Business Unit of the Malta Chamber of Commerce responded to a Sunday report from the Times of Malta alleging that global financial regulators are concerned about money laundering and lax regulatory oversight of crypto businesses within the country. Specifically, sources close to a recent Financial Action Task Force meeting…

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