Could New York Ban Bitcoin Mining, Japan Regulate Stablecoins, and Could Bitcoin Be Legal Tender in 3 Years? These stories and more this week in crypto.
New York passes Bill on Bitcoin mining
New York legislators Bill passed To block certain Bitcoin mining operations that run on carbon-based energy sources. The bill calls for a two-year ban on mining operations that use proof-of-work methods. If Governor Cathy Hochul signs it into law, it will become the first state in the US to ban any form of blockchain infrastructure.
Parliament of Japan approved After the recent failure of the algorithmic stable coin Terra USD, a draft law was proposed to regulate the stable coin in the country. According to the law, stable coins must be accompanied by legal tender and only licensed banks and registered agents can issue them in Japan.
Loyalty plans Hire Crypto Spray
It is honesty. Employment planning To add Ether trading and escrow services to the cryptocurrency business. The company says its hiring efforts are justified by continued growth in demand for digital assets. Meanwhile, Coinbase extended a hiring freeze implemented two weeks ago and Gemini cut 10% of its workforce as the industry heads into crypto winter.
Binance Labs is secure. 500 million dollars for the web
Binance Labs, the venture capital arm of Binance; He got 500 million dollars With money to invest in Web3 and blockchain startups. According to Binance CEO CZ, the goal of the newly closed investment fund is to find and support projects and founders who have the potential to build and lead Web3 in DeFi, NFTs, Gaming, metaverse, social and others.
Crypto fuels the NBA’s Register sponsorships
Crypto sponsorship They have become the second For the NBA’s lucrative sponsorship category, behind the technology. The National Basketball Association earned a record $1.6 billion in sponsorship revenue this season.
OpenSea employee charged NFT insider trading
He was a former employee of OpenSea – one of the NFT marketplaces Accused Insider trading by the US Department of Justice. The defendant secretly purchased 45 NFTs before they appeared on OpenSea’s home page, causing the defendants to flip them for a profit immediately after they were listed on the platform.
Released by Warner Bros Looney scans NFTs.
Warner Brothers It will be released. An NFT series featuring Looney Tunes characters. The company is working with NFT platform Nifty on the project, which is called Looney Tunes: What’s Up Block? It will go on sale later this summer. The project includes access to special events, merchandise discounts and other “real world” rewards for NFT holders.
People wait. Bitcoin to become Legal tender
study, Commissioned by Crypto.com.It interviewed consumers and corporate investors in developed and developing countries, and over a third of respondents strongly agreed that Bitcoin would become legal tender. While 43% were undecided on the issue, 18% of respondents said they do not expect Bitcoin to be legal tender in their country within 3 years.
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That’s what happened in crypto this week, see you next week.