Akon’s Crypto City Secures $6 Billion Construction Contract

Key Takeaways Akon City has awarded a $6 billion construction contract to KE International, an engineering and consulting firm. The crypto-powered city will rely on Akon’s Stellar token, Akoin. Other celebrities have also become involved in cryptocurrency, though not as publicly as Akon. Share this article Musical artist Akon has secured a $6 billion contract […]

Chainlink Spotlighted as “Technology Pioneer,” LINK Prices Aim for Higher Highs

Key Takeaways The World Economic Forum (WEF) recognized Chainlink as one of the “technology pioneers” of 2020. Following the announcement, the price of LINK jumped over 13%. Now, several metrics suggest that LINK is poised for further gains. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article […]

Six Blockchain Companies Make WEF 100 Technology Pioneers List

Source: Adobe/LuckyStep The ever-growing amount of positive news surrounding blockchain technology testifies to its rising popularity. Six blockchain companies were included on the World Economic Forum (WEF)’s 100 Technology Pioneers for 2020 list. And a survey has found that more than a third of the world’s companies are currently working on blockchain-related projects. The fifty-year-old […]

‘We Need to Understand It First and Best’ — But Is He Too Late?

In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the subject of a central bank digital currency.  Is there any progress on the digital dollar? Emmer asked “What substantive recent actions has the Fed […]

South Korean Public Power Firm Takes Blockchain Plunge

Source: Adobe/Travel man South Korean energy provider the Korea Electric Power Exchange (KPX) has become the first public institution in the country to adopt a blockchain-based proposal evaluation system. Per a report from Energy Daily, KPX will now use a Hyperledger Fabric-based solution to weigh up power-related business proposals, doing away with paper-based processes. The […]

New Head of US Bank Regulator Talks Bringing Crypto to DC With Cointelegraph

Days into his term as acting head of the Office of the Comptroller of the Currency, Brian Brooks spoke with Cointelegraph on how he hopes to update legacy systems with crypto technology. Brooks came to the OCC from a role running Coinbase’s legal team only months ago, which informs a great deal of what he […]

American Gaming Association Urges Policy Change on Digital Payments

The culmination of a year and half of work, the American Gaming Association has proposed a set of updated policy guidelines for casino payments.  The proposition looks to let visitors fund their activities at gambling establishments via digital avenues instead of allowing only physical fiat currency, said a statement Tuesday.  It remains unclear whether the AGA […]

Project Spotlight: Cowri Labs and Shell Protocol

Key Takeaways Shell Protocol is building off the work of many other stablecoin pool providers, including Balancer and Curve Finance. Shell’s greatest advantage is the tokenization of its liquidity pools which adds even more liquidity. It’s largest obstacle, however, will be to bootstrap the same level of liquidity as Curve Finance. The team behind the […]

US Tax Court Says You Should Sell Your Crypto Savings If You Owe IRS

The United States Tax Court has affirmed the IRS’ decision to deny a Maryland couple an installment plan. They state instead that the couple should liquidate their $7 million cryptocurrency holdings to pay off the tax debt.  The couple, Alexander and Laura Strashny, failed to pay their 2017 tax return. As a result, they owe […]

South Korean Crypto Tax Reports, Canada’s CBDC + More News

Source: Adobe/alexlmx Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about forthcoming crypto tax plans that will see cryptocurrency-related profits taxed under […]