Dubai approves the law for the Virtual Asset Service Providers (VASP) operating within the UAE. 

The Virtual Asset Regulatory Authority (VARA) released the “Full Market Product Regulations”. 

It is compose of four books which contains guidelines and activity-specific rulebooks. 

The new crypto regulations are extended to all consumer limited to Dubai. The unique edge case is possible for who operating under the Dubai International Financial Centre that is a tax free zone with persona regulations. 

All participants must be fixed to regulations for marketing, advertising and promotions.

If consumers don't respect the rules, the penalties will range from $5,500 to $55,000. 

SOURCE: CoinTelegraph 

READ ABOUT EUROE: THE STABLECOIN MADE IN EU… 

Artifact is a feed in which are personalized articles. It, throughout the artificial intelligence, manages to capture the interests of users and give the possibility to discuss the online articles with friends. 

But, do you know who founders are? 

We have to come back to 2018, when Kevin Systrom and Mike Krieger - Instagram co-founders - decided to resign. 

2023, the ex co-founders want to get involved again in a new creation: here comes Artifact. 

Artifact’s name is a combination of “Artificial” and “Facts” and it sounds good as it allows you to immediately understand what it is.

The new app’s feed will be full of popular articles from the most important newspapers. 

Clicking on users’ favorites news, the new social will save these preferences, like TikTok did one “For You” section. Based on these preferences, Artifact will create a list of friends with the same interests who will be able to comment live on the news. 

This app feels like a mix based on TikTok and Twitter. 

The purpose of Artifact is to reduce disinformation or fake news and it will achieve this goal thanks to AI. 

In fact, machine learning will help to create ad hoc content for each user by recording how much time they spend reading. In this way, it will be possible to propose increasingly engaging articles from time to time. 

Artifact bodes well: it's a custom platform, well done and...twitter is about to collapse.

SOURCE: Wired 

READ ABOUT THE LAUNCH OF GOVERNANCE TOKEN SHADES… 

FTX founder, Sam Bankman-Fried, continues to be under the magnifying glass so that this case can have a definitive breakthrough. 

Of the whole circle, only Joseph Bankman - father - and the chief operating officer accepted to share  private informations. 

In fact, FTX and affected parties asked for a legal document which can force Sam Bankman-Fried’s closest confidants to contribute with documents and informations for ongoing investigations.  

Also ex CEO was accused due to his inappropriate exposure in public.

Like Sam Bankman-Fried, also Gary Wang - chief technology from FTX group - and Caroline Ellison - CEO of Alameda Research - refused to cooperate. 

Instead, Barbara Fried - Sam’s mum - passed over court’s request. 

SOURCE: CoinTelegraph 

READ ABOUT SBF: RASH INTO BARRICADE AND FLED… 

Bitcoin in the first month of 2023 growth up 50%. 

Bitcoin moves from $15.3 million on Jan.1 to $23 million, 30 days later.
The biggest criticism to Bitcoin is the high usage of energy to do the proof-of-work harmony. 

This big crypto is on fire also in Guatemala. Osmo Wallet, a Bitcoin society in Guatemala, is promoting free ink. 

Offering free tattoos to Bitcoin customer could be a great marketing idea to expand more and more this new way to do payments. 

SOURCE: CoinTelegraph 

READ ABOUT THE LAUNCH OF GOVERNANCE TOKEN $HADES… 

Blockchain will pass from hype to construction: the new phase, according to the director of the department of Blockchain and Distributed Ledger (Politecnico, Milan), is coming. 

Now, years of work can be consolidated…

It is certainly helping the mutation of Ethereum. The transition from consensus based on proof-of-work to proof-of-stake removes the stigma of absolute environmental and energy non-sustainability from blockchains based on Ethereum itself.

Around the world, the blockchain technology is increasingly widespread.

Most of the projects concern the financial world. 

Why do we use blockchain?

This technology increases trust, security, transparency and permit the traceability of data shared across a business network. 

Blockchain technology maintain a record of its data history and nobody can corrupt it.

One of the most important characteristics of this technology is that it allows to eliminate intermediaries giving to users the possibility to create new opportunities of monetization. 

Amazon: towards a new game 

The giant would like to introduce to the market a new game NFT based on blockchain technology. 

The plan is still in evolution but the plan seems to be really taking shape. 

On Apr.22, Andy Jassy -Amazon CEO - declared in an interview that he expects a big growth on the NFT market. For that reason, Amazon could be introduce payments with cryptocurrencies in their systems. 

Details are not available now but Amazon’s entry on blockchain market will give a big boost to this sector. 

USA: blockchain innovation 

French Hill - the chair of the Financial Services Subcommittee on Digital Assets - wants to transform USA on the place for blockchain innovation. 

Hill wants to introduce some crypto regulations in the country. In a tweet he wrote: 

We want to make sure that America is the place for innovation in FinTech and blockchain and distributed ledger technology is part of that FinTech future.

Hill said that could be the possibility of a spot Bitcoin exchange-traded fund (ETF). 

The changes will be on the federal privacy law, a stable coin bill and the ramifications for the security market. 

Hill said in the end that crypto trading and exchanges would need to be overseen before introducing new regulation rules.

SOURCE: CoinTelegraph 

READ ABOUT THE ARGO BLOCKCHAIN’S REALITY… 

SBF’s lawyers declared that three men went by car into a metal barricade outside Sam Bankman-Fried’s parent’s home where he take under arrest. 

No one knows the specific time of the incident and no one wrote or photographed the license plate details.  

According to statements by the guard reported by lawyers, criminals screamed that he won’t be able to stop them. 

Non-disclosure about Bankman-Fried’s supporters, could reduce public trust into U.S.A. government institutions. 

SOURCE: CoinTelegraph

READ ABOUT COINBASE: NO OPERATIONS IN JAPAN… 

Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency (crypto). 

Today - Jan.18 - Coinbase officially confirmed the rumors that the platform was leaving Japan. 

Why is not yet well known, the giant after reviewing the market preferred to leave it “due to market conditions”. 

Japanese who are Coinbase customers  have to withdraw their crypto until Feb.16. 

From Feb.17, cryptocurrencies still present in current accounts, will be transform into Yen. 

SOURCE: CoinTelegraph

READ ABOUT IRAN AND RUSSIA: A NEW STABLECOIN…

Stablecoin: what is it?

Stablecoin is a digital currency pegged to a stable reserve asset such as the US dollar or gold. Stablecoins are designed to reduce volatility compared to non-pegged cryptocurrencies such as bitcoin.

Iran and Russia are working together to create a new stablecoin supported by gold.

The giants are working to produce a “token of the Persian Gulf region” that will be use such as payment method. 

The Russian Parliament in 2023 will approve the law that regulating crypto transactions. 

SOURCE: CoinTelegraph 

READ AOUT BITCOIN AND NFT TAXED SINCE JANUARY…

EU Metaverse is a flop. The European Union spent over €387 K but citizens do not appreciate it. 

The Metaverse would have served to bring young people closer to politics.

The EU project was financed by Bruxelles which closed it, maybe, forever.

Why the EU project failed

“Global Gateway” is the name of the project.

It is a platform which is part of an international program concerning investments, technology and health.

But, what is the reason why the Metaverse was a flop? 

The first event online on “Global Gateway” was on Oct.19 to launch it and to speak about Guatemala’s coffee. We can define it a a test: not only to verify the functioning of the platform, but also to verify the success of the project. And the result was a very big flop. 

In fact, only two people were online that day!

The second one event that was organized, on Nov. 29, saw only 300 people partecipate remotely. 

Another flop that Bruxelles could not tolerate. 

A wrong step 

Mc Group was the communication agency that role was to use this euros to develop the Metaverse. 

Until 2027, the EU commission promised to dispense over €300 B for investments around the world - like the development of hydrogen production. 

These money should have been channeled through the project “Global Gateway”: here is its main importance. 

Details 

The idea of ​​the European Metaverse would have been a virtual meeting place for under 35s to discuss political issues. 

“An agora where to project success stories, promote the values ​​of the Union and strengthen relations with the countries where the block intends to invest (although the promotion concerned Italy, Germany, France. Spain, Romania and Denmark, with posts on social media , posters and art installations”. 

By now the money has been spent but no certain news of the future use of the Metaverse. 

About its destination of use, the EU Commission hasn't made a decision yet. 

An external evaluation will examine this case. It will determinate the traffic on the platform and the reaching of the potential target users and also other more specific parameters. 

SOURCE: Wired 

READ ABOUT THE GPT CHAT… 

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