UAE decided to fight money laundering introducing new rules.
On May 31, the Central Bank of the United Arab Emirates (CBUAE) published a 44 pages document for LFIs which describes in detail how users have to fight money laundering and terrorism for banking institutions.
“LFIs” are all the non-crypto financial institutions that are connected to virtual asset providers.
LFIs are for example banks, finance companies, payment service provides…
UAE established that LFIs have to submit a request to the central bank if they want to collaborate with any VASPs. Without license, every collaboration is forbidden.
SOURCE: COINTELEGRAPH
READ ABOUT USA: DESANTIS HIGHLIGHTS BITCOIN…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
NFT Rome is an event that will be held in Rome from 4 to 7 May 2023. It was born to celebrate the Web3 culture.
The underground event will be realized thanks to the collaboration between Vandalo Ruins, Raffaele Rullo and Francesco Vincenti. The organizers want to create a community in which all users have the opportunity to work in Web3.
The event will be organized on four different locations around the city: River Industries, Osteinse Portal, COSMO Art Gallery and Poli Palace.
SOURCE: CoinTelegraph
READ ABOUT SAMSUNG VS CHATGPT…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
Amazon is ready to launch its marketplace NFT on the 24th of April.
Initially about fifteen collections will be available on the website, through a tab called "Amazon Digital Marketplace". This card will initially be available only in the United States. Then, the platform will gradually be opened up to the rest of the world, including Europe.
Amazon, due to the collapse of FTX, was forced to postpone the launch of its new marketplace twice.
The payment methods are still unknown: crypto or just credit card?
STAY TUNED!
SOURCE: The Big Whale
READ ABOUT SILICON VALLEY BANK: BAD NEWS…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
Emojis can be defamatory. The District Court judge for the Southern District of New York has ruled that they will be subject to strict rules to follow.
Specifically, the case arose from the posting of a message on NBA's Top Shot account contains financial return references.
Lisa Braganca, former USA Security and Exchange Commission chief, tweeted: "A federal court judge ruled that these emojis 💰📈🚀 objectively mean : one thing, a financial return on investment. There will be legal consequences".
Also Oscar Franklin Tan, the chief legal officer of NFT platform Enjin, commented: “Courts should protect the edgy, freewheeling messaging in NFT communities because shitposts and emojis are part of free speech too”.
SOURCE: CoinTelegraph
READ ABOUT LUXOR MINING INCORPORATES ORDINALHUB…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
Many still don't know it but the project started right from Italy thanks to the imagination and initiative of some of the best known authors and screenwriters of the cinematographic scenario of the last decades.
This new cinematographic reality, one of the most anticipated web 3.0, blockchain and AI projects of 2024, is a new way of creating cinema and vision through interaction, participation, creation and productivity, and much more...
And here, to make this 3.0 turning point in the world of cinema and screenwriting known to the world, the most well-known and sought-after form of organisation in the blockchain world was used -> DAO (decentralised autonomous organisations) which, if based on communities with active roles, are the best way not only to attract investors but also to build loyalty and generate income and opportunities for followers.
So here we have a very successful first example, a DAO based on an incredibly futuristic design ... and with a ready-made stepping stone. The invitation is to discover it by following it through the discord community, on linkedin and on twitter. Origami, a very important incubator and accelerator of start ups and DAOs of the Silicon Valley, has invested in this project, so we will see some good ones!!
The adventure both from the point of view of the cinematic revolution 3.0 and from the point of view of what will be the first cinematic experiences where in fact the Metaverse will basically be experienced as a film on TV.
The incredible special effects and a community that participates in evolutions of subsequent episodes (for example) and beyond, starts from a new world in 2137 after Christ where various worlds are faced with new life and new needs in completely distinct ways.
The aim is to start to compete with the might Marvel Cinematic Universe in just a few years. The site 2137ad.com can give a first idea of what awaits us!
Born in Italy in 1976. Graduated in Political Science, Computer programmer & web 3.0 supporter and user. Real Estate Expert (two professional technical register and two active official roles) - Extrajudical civil mediator.
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.
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.
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.
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…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
Non-Fungible Tokens (NFTs) have been gaining popularity in recent years, with many people buying, selling, and collecting these digital assets. However, as the market for NFTs grows, so does the concern for their security. Specifically, many people who use MetaMask, a popular digital wallet for storing and managing NFTs (and to authenticate in many platforms), have raised concerns about the security of their NFTs within the wallet.
In fact, Metamask has begun to provide very clear alerts during some operations, suggesting that if you want to sell an NFT that is inside your wallet, when this happens with an attacker, he can steal all the NFTs in your wallet. If you are interested in selling your NFTs, you run many risks, precisely due to a problem of vulnerability of the smart contract.
All of this also suggests that many investors are choosing to keep NFTs in their wallet rather than sell them
One major concern is that MetaMask is a hot wallet, meaning that it is connected to the internet and can be vulnerable to hacking attempts. While MetaMask has implemented various security features such as seed phrase backups and two-factor authentication, some users have reported losing access to their wallets or having their NFTs stolen due to a lack of proper security measures. Another concern is that MetaMask does not currently offer a way to insure NFTs, which means that if a user's NFTs are stolen or lost, there is no way to recover them. This lack of insurance options can make many potential NFT buyers and holders hesitant to use MetaMask as their primary wallet. It's important to mention that, the problem is not specific to MetaMask, but to the current state of the NFT market, as many other wallets and platforms also face similar security issues.
To mitigate these concerns, users can take several steps to secure their NFTs. One important step is to ensure that their MetaMask wallet is properly secured, including using a strong password, enabling two-factor authentication, and regularly backing up their seed phrase. Additionally, users should be cautious when buying NFTs from untrusted sources and should always verify the authenticity of an NFT before purchasing it.
In conclusion, while MetaMask is a popular and convenient option for managing NFTs, the security of NFTs within the wallet remains a concern for many users. It's important for both the wallet providers and the users to be aware of these security issues and take the necessary steps to protect their NFTs.
Concrete and satisfactory solutions have not yet been found, there is reason to think that the largest banks are inserting themselves into web 3.0 among the various objectives also to become the guarantors and/or be the solution to the problem
Born in Italy in 1976. Graduated in Political Science, Computer programmer & web 3.0 supporter and user. Real Estate Expert (two professional technical register and two active official roles) - Extrajudical civil mediator.
A new fraud came from Web3.
The tricksters can generate wallet addresses from generators and link the first and last role from their subjects’ wallets addresses.
This new fraud was called by MetaMask “Address Poisoning”.
In a recent Tweet they wrote:
“A new scam called 'Address Poisoning' is on the rise. Here's how it works: after you send a normal transaction, the scammer sends a $0 token txn, 'poisoning' the txn history. They use an address with the same first & last few characters as the real transaction you sent; in hopes you will not check the full address, and instead copy theirs in a future txn. You can protect yourself by double-checking the full address, or by using the Address Book feature”.
SOURCE: CoinTelegraph
READ ABOUT BITCOIN AND NFT TAXED SINCE JANUARY 2023…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
Bitcoin and NFT: a new law arrived from Italy. The crypto capital gains over two thousand euros will be taxed at 26%.
In fact, Bitcoin and NFT, from the first day of January will no longer be identified with the foreign cryptocurrencies.
The budget law 2023 was approved on Dec.29 2022 and the paragraph 126 regulate the taxation.
The text quotes that the word “activity-crypto” means “a digital representation of value or rights (therefore including, in addition to currency tokens, also utility tokens and NFTs, i.e. Non-fungible tokens, ed.) which can be transferred and memorized electronically, using distributed ledger technology (distributed ledger, ed. ) or similar technology”.
SOURCE: Corriere Della Sera
WATCH THE INTERVIEW WITH THE ITALIAN LAWYER C.A. MICHELI…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
