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Ripple’s $250M fund backs Web3 projects focused on ‘entertainment and media’
In September 2021, enterprise blockchain and crypto solutions company Ripple launched the Ripple Creator Fund, a $250 million initiative committed to providing creators with the financial, creative and technical support needed to create nonfungible tokens (NFTs) and other tokenization projects on the XRP Ledger.On Oct. 18, Ripple disclosed the second wave of creators to receive…

Longer-term Bitcoin holder losses hit two year lows
Bitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse. 297 Total views 4 Total shares Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep…

Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan
Police in Russia have arrested an alleged creator of a crypto pyramid scheme from Kazakhstan who was facing an international arrest warrant, Russia’s Ministry of Internal Affairs (MOI) officially reported on May 28.The unnamed detainee is reportedly accused of defrauding investors using a scam crypto scheme promising high returns from crypto investments, involving a group…

Trezor removes controversial address verification protocol, other wallets follow suit
One week after introducing the Address Ownership Proof Protocol, or AOPP, the hardware wallet company backtracked on its decision due to customer privacy concerns. 155 Total views 9 Total shares Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet's address for Bitcoin withdrawals and deposits to their customers' non-custodial…

2019 to 2020: Insiders, Outsiders and Experimenters in Crypto Regulation: Part 2
This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the "Insiders," this installment covers the prospects for the so-called “Outsiders” — i.e., China, Russia, India and the developing world.Unlike…

Celsius CEO Says Entire Internet Will Become an Application on the Blockchain
Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks."The centralization of the Internet by companies such as Facebook and Google has created a distorted reality where fake news and blatant lies get the same treatment…

Mark Cuban officially backs Polygon
The Ethereum-based scaling solution recently appeared on the Mark Cuban Companies website, seemingly affirming his investment in the project. 4009 Total views 8 Total shares Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the…

Gibraltar Stock Exchange’s Blockchain Platform Secures License From Financial Regulator
The Gibraltar Blockchain Exchange (GBX) has secured a license from the Gibraltar Financial Services Commission (GFSC), according to a company blog post Nov. 22.The GBX was established in July of this year by the Gibraltar Stock Exchange (GSX). The platform first announced its blockchain trading platform in November 2017, aiming to “become the world’s first…