For a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying, Ethereum solutions provider ConsenSys has pledged support.

Also, for the creation of a fund that would finance existing and new political groups engaged in crypto policy-making and lobbying to defend DeFi against regulation, The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative.

Governments around the world may try to regulate DeFi without proper education and suggested a fund of 1-1.5 million UNI, according to The Harvard Law BFI proposal. It ledged more than 10 million tokens in support of the idea. The proposal is headed towards a full vote.

Educating lawmakers is of critical importance at this juncture, “particularly as we creep towards true aspirational ‘main street’ use of our technologies”, according to General legal counsel at ConsenSys, Matt Corva.

From TestBoo.com - https://testboo.com/crypto/uniswap-defi-lobbying-proposal-is-currently-supported-by-consensys/

Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account has been arrested by Iranian Cyber Police.

The translation of the tweet roughly reads that for disrupting the economic system by order of Special Court for Economic Crimes, the owner of the account was arrested, additional information to be provided by official judicial statement.

A Tron Network-based public oracle system, also shows the same tweet, which is the official account of Bridge Oracle. Crashing by more than 65%, according to data from TradingView, the price of Bridge Oracle’s native token, BRG, has taken a sharp dive

Bridge Oracle is said to be a Malaysia-based blockchain company, but Estavi’s other venture, cryptocurrency exchange Cryptoland, was operating in Iran. Cryptoland’s Twitter account shares the same pinned tweet. No further information was shared publicly by the authorities.

Posted by TestBoo.com - https://testboo.com/crypto/jack-dorsey-genesis-tweet-nft-buyer-arrested-in-iran/

A bill which aims to recognize cryptocurrencies under commercial law in the state has been passed by Members of the Texas House of Representatives.

Aimed at better adapting commercial law to blockchain innovation and digital asset regulations, in a session of the 87th Texas Legislature today, lawmakers passed a proposed amendment to the state’s Uniform Commercial Code. Also, House Bill 4474 will reportedly help define cryptocurrencies in the UCC and it was first introduced by Representative Tan Parker in March

Should the crypto legislation pass the senate, Texas Governor Greg Abbott can sign the bill into law, though the bill will go to the Texas Senate for any proposed amendments. According to Abbot, he said that his a proposer of crypto law and particularly pointing HB 4474 and also persuaded crypto mining firms to establish a shop in the state.

Lee Bratcher, president of the Texas Blockchain Council, told Cointelegraph in March that the bill could bring Texas closer to being a crypto-friendly state like Wyoming. One of the only states in the country to clarify the definition of virtual currencies for businesses, Wyoming has attracted major firms including Ripple. Last year, the Wyoming State Banking Board granted crypto exchange Kraken a charter to operate as a crypto-friendly bank and gave Avanti the green light to receive and custody crypto in a similar fashion.

Posted by TestBoo.com - https://testboo.com/crypto/the-senate-receives-texas-crypto-friendly-bill/

Ripples Board will soon be joined by the 43rd treasurer of United States, in the person of Rosa Gumataotao.

Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of the firm’s leadership team. According to the announcement from Ripple.

The experience of Rios’ experience in both the public and private sectors as well as her success in “rapidly accelerating businesses” in the company’s decision to bring her on board. As stated by the Brad Garlinghouse, Ripples CEO.

“Ripple is one of the best examples of how to use cryptocurrency in a substantive and legitimate role to facilitate payments globally,” said Rios. “Blockchain and crypto will underpin our future global financial systems.”

Rios’ name seems more closely associated with fiat than crypto, quite literally — all U.S. banknotes printed during her time as treasurer bear her signature. Her appointment follows Yoshitaka Kitao, CEO of Japanese financial giant SBI Group, leaving the board after two years and being replaced by SBI Ripple Asia CEO Adam Traidman.

Ripple also announced Kristina Campbell, formerly with payments platform PayNearMe at fintech company GreenDot, will be joining the firm as chief financial officer to “accelerate growth and deliver value to shareholders.” Campbell said she aimed to use crypto and blockchain technology to “make the global financial system accessible to all.”

Credit - TestBoo.com - https://testboo.com/crypto/ripple-board-has-been-joined-by-former-us-treasurer/

So many prominent men and billionaires have criticized cryptocurrencies in recent time, ranging from Munger to Bill Maher. In this instance according to Bill Maher, cryptocurrencies, Bitcoin to Dogecoin are all fake and a definite amount of energy is still needed.

Maher opined that the aim of mining crypto was to “make something that is purposefully arbitrary.” Comparing the crypto space to a virtual game and speaking about mining in a seemingly derisive tone, Maher implied investing in tokens was a childish endeavor which some prominent financial figures like Warren Buffett were avoiding. Maher made the aforementioned assertion while speaking to New Rules segment on his show Real Time with Bill Maher on Friday

“There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered,” said Maher. “Unfortunately what is real is the unfathomable amount of electricity those massive supercomputers suck up for their mining.”

He added:

“Bitcoin uses more electricity per transaction than any other method known to mankind just one uses more energy than a million visa transactions and has the same carbon footprint as 85,000 hours of watching Youtube […] Bitcoin uses more energy than Netflix, Apple, Facebook, Microsoft and Google combined.”

From TestBoo.com - https://testboo.com/crypto/bill-maher-criticizes-crypotocurrencies-and-its-environmental-impact/

The ban of crypto currency by the Nigerian central bank has caused significant disruption to the market, according to the director-general of Nigerian’s Securities and Exchange Commission, Lamido Yuguda.



After the meeting of the Capital market committee on Thursday, was where the SEC director-general made the above stated statement, as reported by The Guardian.

Prior to this time, it was reported that servicing of Crypto exchanges was banned by the Central bank of Nigeria in February.

The planned cryptocurrency regulatory framework has been cancelled premised on the Central bank ban, Yuguda stated.

Until exchanges can operate bank account in the country, the suspension of the commission’s crypto regulatory plans will remain in place.
As part of his address, the SEC chief maintained that the commission was working with the CBN to create an optimal regulatory regime for cryptocurrencies in the country. According to Yuguda, the crypto ban aside, the SEC continues to make strides in supporting the growth of fintech in Nigeria.

Following the CBN crypto ban, cryptocurrency buying and selling are only possible via peer-to-peer channels leading to massive premiums on digital currency prices. In March, the central bank governor remarked that the CBN was not against crypto trading in the country but that such transactions cannot occur through commercial banks.

Posted by TestBoo - https://testboo.com/crypto/nigerian-central-banks-crypto-ban-disrupted-the-market-lamido-yuguda/

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About two grants of $3 million has been made available by the Australian government to blockchain teams that are aiming excise taxation solutions and minerals certification.

The application for the $3 million grant is currently open, and of which the eligibility for the application are: publicly funded research organization, sole trader, partnership or an entity that is registered in Australian that has a Business number in Australia.

The food and Beverage Provenance pilot and Critical Mineral Pilot are the two distinct pilots that are to be funded by grant. As regards to the food and beverage provenance pilot grant, is aimed at aiding the team manage the complexities with the producers of spirit in complying with excise taxation.

The Critical Minerals Pilot will support a project seeking to bolster supply chain integrity for the industry, and will also expect contributions to Australia’s National Ethical Certification Scheme to prove the provenance of locally produced minerals exported to international markets.

Posted by Naijapage - Cryptocurrency News

The naming rights to the home arena of NBA team Miami Heat for a reported $135 million has been secured by the Cryptocurrency exchange FTX.

It has been reported that an American Airlines Arena of 19,000-capapcity will become the FTX Arena.

This is the first of its kind of the crypto business in the U.S professional sports venue wining a naming right.

A 19-year partnership with Miami-Dade was made with FTX, which entails that the arena, till 2040, will have the exchange name. At a special meeting to be held in March 26, Miami-Dade Board of County Commissioners will have to give its final approval.

In the mainstream FTX partnership with Miami-Dade is another development in the mainstream of cryptocurrency and which is on the fast rise recently.

Also, Montreal Canadiens has secured a partnership with Crypto.com earlier this year and at the Ball Centre the logo has been brandished on the ice at home.

Posted by TestBoo - FTX to partner with Miami-Dade

The oldest bank in the United States, BNY Mellon is pugnaciously investing in the digital asset industry.

In a series of C funding round, Cryptocurrency startup fireblocks have raised $133 million. Coatue, Ribbit and Stripes, venture capital firms, led the investment round and well-defined investment from Silicon Valley Bank and BNY Mellon.

In order to expand the settlement infrastructure needed to onboard new customers as crypto adoption heats up, the CEO of Fireblocks, said the cash injection will allow the company to expand. The CEO further posited that they believe that their infrastructure will lend itself perfectly to power an entirely new era of financial services and there are no plans to become a bank.

Micky Malka of Ribbit Capital, explaining its firm involvement in Fireblocks, posited that “that at the cusp of the biggest transformation is where the firm is standing and the world’s financial system has ever seen and that they are at the forefront of revolution.

Posted by TestBoo - Fireblocks Crypto

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Coinbase Card which allows users to spend cryptocurrency directly from their Coinbase accounts, can now be linked with Google Pay.

According to Coinbase, Google Pay gives users a quick way to pay for everything using their crypto in the safest possible way. Coinbase claims to be the first company to let users make mobile payments with crypto. The card can only be issued to residents of the European Union and European Economic Area, as well as the United Kingdom.

It should be on record that this move taken by Coinbase will make the popularity and usability of cryptocurrencies to soar even beyond the estimated level in 5 years to come. I am advicing that if as a millennial, you are yet to acquire crypto then you might just be loosing out already.

From TestBoo - https://testboo.com/tag/google-pay/

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Akon has released the whitepaper for his upcoming cryptocurrency. The document which was released to Cointelegraph describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” using blockchain technology.

The whitepaper explains Akoins as utility tokens that power “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network.

In this decade, it is unjust if you say you are still or yet to notice the impact of cryptocurrency to the world economy which will be largely extended to Africa through Akoin and Akon.

From TestBoo - https://testboo.com/tag/akoin/

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Brave’s Basic Attention Token (BAT) can now be used to get “real-world rewards” with top brands, including Amazon, Uber, Starbucks, Xbox, Playstation, Hulu, HBO, Apple, Target, Domino’s and Walmart. Users earn BAT for seeing privacy-respecting ads while using the Brave browser.

Brave, a privacy-preserving browser that rewards its users with BAT for the ads they choose to watch has partnered with TAP Network to provide its USA users with access to rewards from 250,000 brands.

After being asked to clarify whether the rewards are only available for U.S. users, Brave’s head of communications Catherine Corre said:

“The network of providers is stronger in the US for this launch, so it is about availability. There are no legal restrictions, but if a user is not in the U.S., they will have less options for the gift cards.”
The Brave browser, it’s worth noting, recently surpassed four million daily active users, and 12.2 million monthly active users.

From TestBoo - https://testboo.com/tag/amazon/

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Akoin project is moving further as the cryptocurrency platform of the Grammy-award winning artist and producer Akon, announced a partnership with decentralized application, BitMinutes that tokenizes mobile phone minutes.

This will let people trade mobile minutes between one another. Akoin can be swapped for tokenized airtime—in the form of BMT, BitMinutes’ native token—which in turn can be swapped for real airtime, which can be used to top up mobile phones, or traded on other markets.

In today's world, with the way the issue of the internet is spreading, cryptocurrencies will one day bench Fiat currencies that even the Central Banks of each country will have a digital currency. Also remember that only Akoin can be used in Akon City.

From TestBoo - https://testboo.com/tag/akoin/

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There are now over 7000 Bitcoin ATMs that allow people to buy BTC and other cryptos worldwide. Bitcoin ATM Manufacturer, CryptoMaticATM published "A Comprehensive Guide to Crypto ATM Industry Updates and Growth" that shows there are currently 7,004 machines installed worldwide having over 69% in the United States.

The total number worldwide increased by about 687 in 2020 and 2600 since March 2019. Bitcoin and other cryptos are making significant moves to take over from fiat currencies and you should not wish to be late in joining this financial revolution.

From TestBoo - https://testboo.com/tag/bitcoin/

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The Federal Financial Supervisory Authority (BaFin) of Germany has officially defined crypto as financial instruments. This will make it easier for those spending cryptocurrencies and will give some relief to businesses built around them.

Cryptocurrencies are now classified as the “digital representations of value” that have some characteristics like: Not issued or guaranteed by any central bank or public body, serve investment purposes and more.

I have always said that crypto is spreading like wildfire and will soon take over from fiat currencies as the internet continues to grow. Remember that the internet has made buying and selling possible from any part of the world which has eventually made the world a global village.

From TestBoo - https://testboo.com/tag/crypto/

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Elon Musk, the CEO of Tesla has said his thought about crypto. Via a meme-based tweet Elon Musk took to Twitter to tell his 31 million followers that he does keep an eye on the crypto industry, and has referenced dogecoin as one on the best crypto.

Musk always makes general comments on the crypto industry from time to time and always stays away when asked to go deeper. With the popularity and price fluctuations gathered by Dogecoin including the fact that mining of Dogecoin is easy for now, many people are picking interest in the "joke currency"

From TestBoo - https://testboo.com/tag/dogecoin/

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Millennials might funnel a portion of massive wealth, inherited from their parents and grandparents to bitcoin due to devaluation of fiat and the sudden shift from gold to BTC. According to crypto influencer Nick Chong, massive transfer of wealth is one of the single largest reasons to be bullish on Bitcoin. Chong, a journalist and marketer at the HTC Exodus Bitcoin division said millennials will inherit $68 trillion from baby boomers then Confluence of distrust in institutions and the growth of digital tech will lead to Bitcoin investing.

I don not have to tell you that if you are a millenial and you are not yet active in bitcoin investment which you can start with as little as $100 then you might not enjoy the next 2 decades.

Credit- TestBoo - https://testboo.com/tag/cryptocurrency/

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European money transfer firm Azimo will use Ripple’s On-Demand Liquidity (ODL) solution to settle cross-border payments using XRP.

According to Richard Ambrose, CEO of Azimo, Ripple’s ODL solution has reduced the cost and delivery time for cross-border transfers, and our customers are seeing the benefits,” . ODL helps settle two currencies “within seconds” and has the potential to reduce liquidity costs by up to 60% compared to traditional banking solutions.

The cryptocurrency space is really evolving for good as more and more features which makes the daily usage of cryptocurrency smooth and safe are introduced from time to time.

From TestBoo - https://testboo.com/tag/xrp/