Author: Coindesk

The “first year is all about onboarding Web3 people, because technology-wise and the community-wise, it is a little bit early to onboard the general users,” Watanabe told CoinDesk. “And then phase two, within two years, we’re going to onboard Sony products, such as, Sony Bank, Sony Music, Sony Pictures and so on. So we would like to integrate Web3 and blockchain technology into Sony’s product. And in three years, we would like to onboard not only Sony, but also all enterprises and all general dapps on the top of it.” Read the full article here

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In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal. Read the full article here

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“For us, why we’re very excited to have Franklin Templeton’s Benji app and platform deployed on Avalanche is really twofold,” said Morgan Krupetsky, Head of Capital Markets and Institutions at Ava Labs. “On the one hand, the money market funds contract in and of itself and potentially as a payment mechanism represents a foundational and fundamental piece to a broader tokenized asset ecosystem and capabilities.” Read the full article here

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“NEAR validators no longer have to maintain the state of a shard locally and can retrieve all the information they need to validate state changes, or ‘state witnesses,’ from the network,” according to the press release. “This both improves single-shard performance as well as adds capacity for more shards on the network.” Read the full article here

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Take Nigeria, for instance, where Tigran Gambaryan, an American employee of Binance, is currently detained. Nigeria claims, without evidence, that crypto was responsible for devaluing the naira and law enforcement there has accused Gambaryan of money laundering and tax evasion. According to the BBC, Nigeria has asked for $10 billion in return for his release, which, frankly, sounds a lot like a ransom demand. Read the full article here

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Taylor founded CluCoin in the spring of 2021, marketing the project to his “large Internet following” as a streamer as a way to fund charities. After CluCoin’s subsequent ICO that May, the project’s trading volume and value declined “precipitously,” according to court documents, prompting Taylor to steer CluCoin “away from its original charity focus.” Read the full article here

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