Putin bans cryptocurrency payments, district judges call the SEC for hypocrisy in Ripple proceedings, and South Park accuses cryptocurrency celebrities. These stories and this week’s cryptocurrency.
Russia bans cryptography for payment
President Putin has signed a domestic ban on the use of digital assets for payments in Russia. Under the new law, digital assets cannot be accepted as consideration for domestic goods and services. In a statement, the Kremlin said he did not want a “monetary agent” to be used in place of the ruble.
Judge calls SEC for hypocrisy
A federal judge in Manhattan has ordered the SEC to publish documents related to expert witnesses in a court battle with cryptocurrency company Ripple. Attempts by the SEC to protect the identities and opinions of experts from public surveillance are unprecedented, and judges call the SEC’s ongoing efforts “hypocrisy.”
Celsius file for bankruptcy
Celsius Network, a troubled cryptocurrency lender, is up to date on filing for bankruptcy in Chapter 11. The submission revealed a $ 1.2 billion deficit on the balance sheet. This happened a few weeks after the user account was frozen and was basically locked out of the user’s funds. According to Celsius, the need for bankruptcy protection will help it in the restructuring process.
Cryptographic staff reduction continues
OpenSea, the world’s largest market for NFTs, has announced that it will reduce staff by about 20%. The Marketplace has joined other cryptocurrency companies such as Coinbase, Gemini and Crypto.com to announce staff cuts. CEO and co-founder Devin Finzer said the company needs to be prepared for a long-term recession.
Polygon MATIC jumps to Disney partnership
Polygon’s MATIC tokens have increased by nearly 30% since being the only blockchain company selected for Walt Disney’s 2022 Accelerator Program. Disney’s business development programs are designed to accelerate the growth of cutting-edge entertainment companies. This year’s program focuses on augmented reality, irreplaceable tokens, and artificial intelligence.
Metaverse Playboy Mansion
Playboy Mansion is coming to Metaverse as the company announces a licensing collaboration with Sandbox, an Ethereum-based Metaverse project. “Meta Mansion” features NFT goods, programmed events, social play and gaming experiences. Playboy entered the Web3 space last spring with its origin NFT drop featuring art from the Playboy archive.
Swiss Post Office Enters Cryptocurrency
The Swiss Post Office plans to create crypto trading and storage products in response to high demand from users. This service is available through PostFinance in the banking sector and may be available by 2024 at the latest. PostFinance is not only the banking division of the Swiss post office, but also the fifth largest retail bank in Switzerland with over 2 million customers.
South Park Slum Celebrity
The new South Park episode aims to promote cryptography by celebrities last year. The episode spends most of its time on Matt Damon, hinting at his widely panned ads on Crypto.com, but with FTX-backed tennis stars Naomi Osaka and celebrities like Gwyneth Paltrow and Reese Witherspoon. NFT investors were also sung enough in the anime series. ”Crypto Celebrity Roast.
That’s what happened with cryptocurrencies this week, see you next week.
