Headlines
▌The starting price of Mercedes-Benz NFT ‘Maschine’ in the Netherlands is 3ETH
Mercedes-Benz announced the details of the NFT ‘Maschine’ sale. The Dutch auction will be held on June 7. The starting price is 3ETH, and the price will decrease linearly within 90 minutes, from the starting price of 3ETH to the reserve price of 0.2ETH, or until sold out.
Blockchain Application
▌Blackhawk Network partners with Google Play to provide digital currency options
Payments provider Blackhawk Network (BHN) has teamed up with Google Play to convert real-world cash into digital currency through transactions at brick-and-mortar retail stores. The partnership is powered by BHN's systems and retail partnerships and Google Play's digital payments platform. It will launch with Lawson Japan in mid-2023.
▌The Terra Classic L1 team released the v2.1.0 upgrade proposal, aiming to improve its performance and security
The Terra Classic (LUNC) L1 team released the v2.1.0 upgrade proposal and plans to launch the upgrade in the next few weeks. The proposal will be put to a vote around June 7, with an upgrade scheduled for June 14. It is reported that the proposal aims to improve the performance and security of Terra Classic. The upgrade will include improvements in the following aspects: optimise transaction processing speed, thereby improving overall performance; introduce new security features, including enhanced authentication and transaction confirmation mechanism to improve security; update and fix existing bugs and bugs to ensure system stability and reliability. Before upgrading, all users are advised to back up their data and test applications and contracts after upgrading to ensure compatibility.
Cryptocurrency
▌Opinion: Cryptocurrency can be used for criminal activities, but cryptocurrency itself is not a crime
According to a document issued by blockworks, cryptocurrencies can be used for criminal activities, but cryptocurrencies themselves are not crimes.
▌About nine cryptocurrency startups raised about $126 million in the past 7 days
Of the roughly nine cryptocurrency startups that have raised roughly $126 million in the past seven days, one firm stands out. Wallet-as-a-service provider Magic Labs has raised $52 million in a strategic round led by PayPal Ventures. Other investors include Cherubic, Synchrony, KX, Northzone and Volt Capital, according to a press release. In its latest funding round, the San Francisco-based company has raised more than $80 million, raising its valuation to just under $500 million, according to Fortune.
In a recent legal development, a court in Tongliang, China, situated near Chongqing, has issued sentences to 21 individuals involved in converting the proceeds of online fraud and illegal casinos from Tether (USDT) to Chinese Yuan (RMB).
JoyCFTC Commissioner Christy Goldsmith Romero characterised the cryptocurrency industry as one marked by "pervasive fraud and other illegality."
CatherineZach Burks of Mintable raises concerns over the UK's approach to NFT regulation, emphasising the need for nuanced perspectives and tailored oversight for the versatile technology.
Hui XinHong Kong embraces Web3 innovation amidst evolving regulatory landscapes and emerging challenges.
Hui XinAfter just a little over four hours of deliberation, the jury unanimously rendered a verdict of guilt on all charges against the former billionaire.
CatherineHSBC's foray into the blockchain gold system is part of a broader blockchain initiative. In September this year, the Singapore branch of the bank launched its own blockchain-based payment platform.
DavinRipple Labs announced the acquisition of an XRP license from the Dubai International Financial Centre (DIFC), enabling its utilisation within the realm of virtual asset services.
Kikyo
AlexOne of the key conspirators profited around 3 million from the operation.
ClementBAYC’s exclusive ApeFest Hong Kong merch drop is in the midst of a hiccup with the online store being taken down temporarily until website issues are resolved.
Catherine