Crypto Showdown With Government Inevitable As Bans & Investigations Come Calling
Summary
Major Headlines
Binance suspends USD transfers
Although no specific reason was given for Binance’s temporary suspension of deposits and withdrawals involving the US dollar, some have speculated that the decision was made due to changing attitudes in banks. Read more..
Hermes vs Metabirkins: The lawsuit set to change trademark, art, and NFTs
In December 2021, non-fungible token (NFT) artist Mason Rothschild released an NFT titled MetaBirkins, a collection of 100 unique furry digital handbags inspired by the French luxury fashion house’s signature Birkin handbag at Art Basel in Miami – one of the world’s premiere contemporary art fairs. After hearing the news of the project’s release, Hermès sent out a cease and desist letter to Rothschild on December 16, 2021. Read more..
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Plans begin for UK’s Digital Pound: Britcoin
Britain’s Treasury and central bank declared that they are aiming to bring a digital pound that could be in use by the late 2020s. “While cash is here to stay, a digital pound issued and backed by the Bank of England could be a new way to pay that’s trusted, accessible, and easy to use,” the UK’s chief financial minister Jeremy Hunt said in a statement. Read more..
Kraken Felt Crypto Winter Says CSO
Kraken, one of the largest centralised crypto exchanges by trading volume, has been impacted by the twists and turns of the global economy, said Kraken head of strategy Thomas Perfumo. “We’re not insulated from the broader macro and economic environment,” said Perfumo, and that the crypto winter “definitely had an effect on the business.” Founded in 2011, San Francisco-based Kraken serves millions of users in over 200 countries. Read more..
US Government Face-Off Inevitable for Crypto Giants
“We’re in the early days of some major upheaval,” said Mick Mulvaney, a former acting White House chief of staff under former President Donald Trump, who is now advising a company in the digital assets sector. “The industry is giving people that hate it a lot of ammunition.” Read more..