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Elon Musk says that the United States should do "nothing" to regulate the cryptocurrency sector– unlike China. He also suggests that crypto's advancement can merely be slowed but not "stopped" by governments. Elon Musk On China and Crypto Regulation The "Technoking" aired his thoughts in a recent interview at CodeCon 2021, an annual technology convention. The interviewer started by questioning Musk about China's recent re-ban on cryptocurrency in the country. He speculates that part of China's concern with Bitcoin could…

Ripple Labs remains one of the blockchain industry’s biggest companies. The company’s XRP coin is the industry standard for international payments. XRP has endured a bit of a challenging year. This is because the Securities and Exchange Commission (SEC) sued Ripple Labs for securities fraud. But, recent developments show some hope for the coin. It is worth noting that XRP has performed exceptionally well this year. The SEC suit against Ripple came last December, and the coin’s price went down.…

Ukraine's Central Bank (NBU) is looking to employ a blockchain (BC) developer. The Bank's IT director, Vladimir Nagornyuk, has recently published an advert announcing the opening. The LinkedIn posting described the roles, responsibilities, and benefits that come with the office. Forklog quotes Nagornyuk's post stating NBU will offer the candidate "opportunities for professional development. The BC will be in a stable and transparent organization. Again, it'll give them "market level remuneration" with performance-based bonuses. Other perks include a corporate pension…

Lil Uzi-backed NFT project by Solana titled ''Eternal Beings'' faces several accusations of a rug pull. He deleted every tweet mentioning the project. The event marks another crypto project backed by a celebrity to run into trouble. Eternal Beings Accused of Pulling the Rug Solana launched Eternal Beings on Tuesday. The project is a collection of 11,111 generative alien avatars with a similar fashion sense to the rapper. Lil Uzi Vert, who previously promoted the project on Twitter, deleted all…

Central Bank Digital Currencies (CBDCs) are the latest financial buzz. Governments want to build them, and many have started. Currently, more governments have started working on CBDCs. Also, the Bank of International Settlements (BIS) is supporting their activities. Less Time, Fewer Costs Earlier this week, the BIS published a report. In the statement, the bank said that CBDCs can help to reduce the delays in international transactions. The report's title was "Inthanon-LionRock to mBridge: Building a multi CBDC platform for international payments."…

China's crypto crackdown was always going to affect the industry in several ways. However, the country still holds a significant stake in the industry. It appears that the fallout of its crypto ban is quite strong. Everyone is Leaving China Several crypto companies are leaving China this week. They're doing so because the government has made all crypto transactions illegal. Like South Korea, China regulates crypto harshly. The exits have been swift. Crypto exchange BitMart announced that it would remove all accounts created…

The United States government is trying to set an excellent regulatory policy for crypto. The Securities and Exchange Commission (SEC) will play a significant part in that effort. Now, the agency is getting some help in its endeavors. This week, the SEC confirmed hiring Dan Berkovitz as its general counsel. Berkovitz is currently a commissioner at the Commodity Futures Trading Commission (CFTC). He has held that position since 2018, so he has solid experience. Interestingly, Berkovitz's tenure at the CFTC lasts until…

Coinbase is one of the world’s leading cryptocurrency exchanges. The company has become a leader in the industry thanks to its insight and ability to innovate. The exchange announced another product directed at increasing crypto adoption and ease of access for its customers. Easier Deposits on Coinbase In a blog post published on Monday, Prakash Hariramani, Coinbase’s chief of product, announced that the company will be offering direct deposits for customers who would like to purchase crypto with their salaries. The…

Earlier today, reports unveiled that Verifone and BitPay have forged a business partnership. The deal would allow Verifone users to pay in cryptos. They also added that the details of this alliance are still confidential. Crypto Enthusiasts Get A Chance To Use Their Stash At Verifone Subsidiaries As per Bloomberg, you could soon be enjoying ordering items from Verifone’s subsidiaries like Taco Bell and Whole Food and paying with your cryptos. However, Verifone’s clients will only gain access to these payments sometime…