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“# Microsoft wins US patent for ‘ledger-independent token service’ ” American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system. The United States Patent and Trademark Office (USPTO), the agency granted the patent to Microsoft’s subsidiary Microsoft Technology Licensing on Aug. 24. Filed in February 2019, the…
“# Budweiser uses $120K to purchase ‘fan art’ NFT and Beer.eth domain ” Budweiser, a subsidiary of Anheuser-Busch InBev, appears to have unofficially sanctioned a piece of nonfungible token, or NFT, art after purchasing it for use on its Twitter profile. According to records from the OpenSea marketplace, the beer producer purchased a Budweiser-branded rocketship…
“# County Treasurer in Illinois accepts crypto donation in reelection bid ” Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations. According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of…
“# Let’s be clear: Blockchain technology is infrastructure ” In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimately, the BID language was unchanged, leaving uncertainty for the companies that build on…
“# Facebook ‘definitely looking’ at NFTs, says exec ” As Facebook now finalizes the development of its proprietary cryptocurrency wallet Novi, the social media giant could soon be supporting nonfungible tokens (NFTs). David Marcus, head of Facebook Financial and co-creator of Facebook-initiated cryptocurrency Diem, said Wednesday that the firm is “definitely looking” at possible ways…
“# SEC could approve Bitcoin futures ETF in October, analysts predict ” The United States Securities and Exchange Commission (SEC) is likely to approve a Bitcoin (BTC) futures exchange-traded product (ETF) by the end of October, according to Bloomberg ETF experts. Bloomberg ETF analysts, Eric Balchunas and James Seyffart, issued an investor note on Tuesday suggesting…
“# Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions ” The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27. The vote was agreed to after the House narrowly approved…
“# Powers On… Broker disintermediation and unregulated crypto exchanges cause major concerns ” Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International…
“# Dogecoin going to help real dogs — Chicago animal shelter now accepts crypto ” PAWS Chicago, an animal rescue organization in the midwest city aiming to have shelters stop using euthanasia for its resident cats and dogs, is now accepting crypto donations. In a Tuesday announcement, PAWS Chicago said it would be accepting Bitcoin…
“# US Kraken exchange targets European license in 2021, says CEO ” Major United States-based cryptocurrency exchange Kraken is planning to officially expand into the European market, following in the footsteps of rival exchange Coinbase. Kraken co-founder and CEO Jesse Powell said that his firm is actively working on receiving a European license, targeting several local…