Peter McCormack, a well-regarded Bitcoin investor and advocate, has announced the purchase of local Englishfootball club Bedford FC, divulging ambitions in a fourteen-tweet thread to fuel the club’s prosperous aspirations through the leading cryptocurrency asset, Bitcoin.McCormack said he intends to architecture the club with "Bitcoin at its heart", introducing everything from … [Read more...] about Peter McCormack acquires local sports club Bedford FC with Premier League ambitions
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Chinese Local Government Warns of Digital Yuan Fraud
The use of CBDC to commit fraud undercuts the narrative that digital currencies issued by nation states will be a better, less-prone-to-fraud alternative to crypto. That this is happening in security-conscious China, which has severely cracked down on crypto is bound to engender a certain about of schadenfreude amongst crypto advocates. Source link … [Read more...] about Chinese Local Government Warns of Digital Yuan Fraud
Huobi Global to Expel Singapore Users, Citing Local Regulations
Crypto exchange Huobi Global will close the accounts of all Singapore-based users by March 31, 2022 to comply with local regulations, the exchange said in a statement on Tuesday.Huobi claims to be expanding its overseas presence to make up for expelling Chinese users, which represent half of its total user base and 30% of its revenue, according to co-founder Du Jun and Global … [Read more...] about Huobi Global to Expel Singapore Users, Citing Local Regulations
FTX Looks to Expand Globally Through Local Partners, Bankman-Fried Says
FTX, the cryptocurrency derivatives exchange juggernaut, plans to keep expanding into new jurisdictions through buying local crypto companies or exchanges, CEO Sam Bankman-Fried said Wednesday on CoinDesk TV.Asked about future acquisitions, the 28-year-old billionaire hinted he may be looking for another LedgerX, which was FTX’s August acquisition. LedgerX, a regulated … [Read more...] about FTX Looks to Expand Globally Through Local Partners, Bankman-Fried Says
Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC
Brazil’s B3 stock exchange could serve as the information oracle for the smart contract system of a digital real (CBDC), according to the Central Bank of Brazil (CBC).Mardilson Queiroz, part of the CBC’s department of financial system regulation, said that B3 could act as one of the system’s “oracles”, creating a bridge between external data and a digital real, Cointelegraph … [Read more...] about Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC