Bitcoin News and Finance: What You Need to Know

On December 15, the non-fungible token (NFT) market platform Makersplace will drop an assortment of NFTs based on Tupac Shakur’s most well-known jewelry pieces. Makersplace and the NFT artists and curators Impossible Brief and Digital Arts & Sciences worked closely with Shakur’s estate in order to drop the NFT collectibles called “The Immortal Collection.” Tupac’s ‘The Immortal Collection’ to Drop on December 15 Fans of the rap legend Tupac Shakur (also known by his stage names 2pac and Makaveli) will soon be able to bid on non-fungible tokens (NFTs) officially backed by the Shakur estate. The NFTs will feature rare jewelry inspired by some of the pieces the influential rap star wore before his death on September 7, 1996. The NFTs for the drop hosted on Makersplace were designed by the NFT artist Impossible Brief, and curated by Digital Arts & Sciences in conjunction with the Shakur estate. “[‘ The Immortal Collection ‘ is] set for release on December 15, this drop will fe...

The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up hassle,” as the firm believes “defi has tremendous potential to help increase economic freedom.” Coinbase Now Offers Yield on the Defi Stablecoin Issued by Makerdao Coinbase has announced that it has opened up decentralized finance (defi) services to customers in more than 70 different countries. The news follows the company’s announcement last week when it revealed it acquired BRD wallet and Unbound Security. According to Coinbase, eligible customers in these countries can now earn yield on the defi stablecoin issued by Makerdao called DAI. “Today we’re introducing a new way for Coinbase’s global customers to put their crypto to work and earn yield,” the firm’s announcement explains. “We are making d...

A high-level meeting is reportedly being held on cryptocurrency regulation in India and Prime Minister Narendra Modi will take a final decision on how India will regulate the crypto sector. All options are being discussed including full and partial regulation as well as a complete ban and a partial ban. Indian Crypto Regulation to Be Decided by Prime Minister Modi Indian Prime Minister Narendra Modi will take a final decision on the country’s cryptocurrency regulation, the Economic Times reported Friday, citing two people familiar with the development. A high-level meeting was held Thursday to consider all options of how India should regulate the crypto sector, the publication noted, adding: The options include a complete ban on private cryptocurrencies, a partial ban, allowing all categories of crypto products with regulation, or just a select few with regulation. Issues discussed in the meeting included stakeholder views and concerns raised by the country’s central bank. The ...

Kickstarter, one of the leading crowdfunding platforms on the market, has decided to abandon its current business model and migrate to a blockchain-based platform. This will be built by an independent organization funded initially by Kickstarter to work on the protocol. The new platform will be built on top of the Celo blockchain. Kick-Starting a Blockchain Replacement Kickstarter, a crowdfunding platform for products, services, and ideas, announced yesterday it will shift its operations to a blockchain-based platform. The platform made the announcement in a blog post titled “The Future of Crowdfunding Creative Projects,” where it mentioned decentralization as one of the key reasons for the pivot. According to Kickstarter: [The platform will] be available for collaborators, independent contributors, and even Kickstarter competitors, from all over the world to build upon, connect to, or use. The newly designed platform will also be open-source, so other similar projects will be ...

The Bitcoin.com Team is excited to announce support for shared (multisig) wallets for Bitcoin and Bitcoin Cash in the Bitcoin.com Wallet . That means you can protect your most valuable wallets with a unique form of two-factor authentication, set up a corporate treasury, safely introduce your kids to Bitcoin, and more. What Are Shared Wallets? Standard crypto wallets use one private key to access and send transactions while shared wallets require two or more private keys to access the funds connected with the wallet. Private keys in shared wallets are often given to different people, called participants. For example, if you have three private keys, you might keep one yourself and give the others to family members. Why Use Shared Wallets The first key reason to use a shared wallet is that it is a solution to the problem of having a single point of failure , which can result in losing access to your funds. For example, imagine there is a fire in the apartment building you live in....

The Prosecutor General’s Office of the Russian Federation has insisted that the term “cryptocurrency” should be added to the country’s legislation. The move would allow authorities in Moscow to confiscate digital assets that have been involved in criminal activities. Russian Prosecutor General’s Office Prepares Amendments Allowing Seizure of Cryptocurrency With cryptocurrencies being only partially regulated through the law “On Digital Financial Assets,” work is underway in Russia to adopt legislation introducing comprehensive rules for the turnover of bitcoin and the like. The Russian Prosecutor General’s Office has joined these efforts as it wants the term “cryptocurrency” added to the legal texts. “We have developed amendments to a number of regulatory legal acts so that cryptocurrencies in illegal circulation are not only recognized as а subject of a crime, but there’s also a legal possibility of their arrest and confiscation ,” Russia’s Prosecutor General’s Igor Krasnov said ...

Novi, the remittance and payments initiative of Meta (formerly Facebook), has launched a Whatsapp pilot test for customers in the U.S. This means that a small number of Whatsapp users will be able to send and receive payments, as well as purchase digital dollars directly from the interface of the messaging service. This is an extension of the pilot program started six weeks ago focusing on remittances. Novi Extends Pilot Program With Whatsapp Integration Novi, the wallet service of Meta, has launched an extension of its pilot program that started six weeks ago. This new phase includes integration with one of the most used messaging services in the world, Whatsapp. Now, selected users in the U.S. will have the opportunity to buy, send, and receive digital dollars with other users also enrolled in the test. The announcement was made by Stephane Kasriel, the new head of Novi, who detailed this new phase of the pilot program on Twitter. Regarding the choice of Whatsapp, Kasriel explain...

The well known playing card manufacturer Bicycle has announced the launch of the company’s first non-fungible token (NFT) collection. The NFT card collectibles called the “Genesis Collection” were designed by the artist Adrian Valenzuela and the first drop of NFTs were officially revealed via the NFT marketplace Kolectiv on Thursday. Bicycle Playing Card Manufacturer Aims to Bridge the Gap Between Tradition and Innovation When it comes to playing cards, the name Bicycle has been a popular brand since the company’s inception in 1885. The card’s official name Bicycle was chosen because the bicycle was an extremely popular invention at the end of the 19th century. Now close to 136 years later, Bicycle is entering the world of blockchain technology with its first non-fungible token (NFT) collection. The artwork designed by Adrian Valenzuela represents iconic Bicycle playing cards but they transformed into cards from 1,000 years into the future. “At Bicycle, we’re a heritage brand that ...