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“# $25B toy brand to launch L.O.L. Surprise NFT collectibles ” Consumer entertainment products giant MGA Entertainment is moving into the nonfungible token (NFT) industry by turning its best-selling toys into digital collectibles on blockchain. The American toy giant is preparing to roll out an NFT functionality for its world-famous brand L.O.L. Surprise, allowing fans…
“# US lawmaker proposes safe harbor for digital tokens in new bill ” North Carolina House Representative Patrick McHenry has proposed a bill which would amend one of the laws governing the Securities and Exchange Commission to provide a safe harbor for certain token projects. In a draft of the “Clarity for Digital Tokens Act…
“# America’s fifth-largest bank launches crypto custody service — Report ” U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, potentially setting the stage for wider mainstream acceptance of digital assets. As CNBC reported, U.S. Bank has partnered with New York…
“#Can America survive progressives’ attacks on its origins and values?” Over the last two years, progressive critics have casually attacked the origins, nature and values of American society. Is the idea of America so indestructible that it can weather any assault? The foundational dates of America — the signing in 1776 of the Declaration of…
“# Beyond Bitcoin: The future of digital assets is bigger than the first crypto ” While change is guaranteed, the scale and scope of that change are not. For the financial industry, blockchain — the technology that undergirds Bitcoin (BTC), Ether (ETH), nonfungible tokens (NFTs) and other digital assets — has brought us to the…
“# Biden Admin weighing bank-like regulation for stablecoin issuers ” The Biden administration is reportedly considering a new legal framework for stablecoin issuers that would put them in the same category as banks, raising questions about the future of crypto regulation in the country. Citing people familiar with the matter, The Wall Street Journal reported…
“# Crypto community concerned over impact of infrastructure bill on DeFi ” Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of…
“# Global CBDC bridge needs public and private cooperation, says BIS ” The Bank for International Settlements (BIS) continues investigating the development of the global central bank digital currency (CBDC), publishing a new joint report with seven central banks. Released Sept. 30, BIS’ latest CBDC report refers to joint efforts to explore a retail CBDC…
“# Crypto is impossible to destroy, says Tesla CEO Elon Musk ” As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it undestroyable. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said…
“# CFTC hits Kraken with $1.25M in fines over alleged illegal offering ” The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the…