Digital49ers
 
vires in numeris
Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license. Click here for a concise explanation of how it works or here for a detailed technical description.
Keep Calm and Slave On
Malta to remove NFTs from digital asset regulation in anticipation of MiCA
08 Dec 2022 06:00

Under the current Virtual Financial Asset regime, which was set up in 2018, NFTs are subject to specific requirements upon launching and must also issue a product whitepaper before the issuance. [...]

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Coin Recovery: UK Court of Appeal hears that blockchain engineers owe legal duties to their users
08 Dec 2022 05:00

The U.K. Court of Appeal heard Tulip Trading’s arguments that blockchain engineers owe fiduciary and tortious duties to those who use their blockchains today. [...]

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Hero Mining in the Philippines hit with unregistered digital mining firm warning
08 Dec 2022 04:00

The securities regulator said Hero Mining does not have the required license to offer investment contracts, warning members of the public of potential losses from the company's Ponzi-like scheme. [...]

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South Korean energy giant sets up $84 million fund to spur metaverse adoption
08 Dec 2022 02:00

In support of the government's strategic plan, Daesung Group set up a fund focusing on blockchain, AI, and extended reality as it enters the Web3 space to increase metaverse adoption. [...]

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Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
08 Dec 2022 10:30 In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only ...

ETH Price to Fall to $922 by December 10, Coincodex Predicts
08 Dec 2022 09:00 The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to ...

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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto