Olusegun Adesua, Author at The Distributed

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How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 23, 2024

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\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Russia Is Considering Digital Ruble Settlements With China

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December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Russia Is Considering Digital Ruble Settlements With China

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December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

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Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Russia Is Considering Digital Ruble Settlements With China

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Russia Is Considering Digital Ruble Settlements With China

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December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

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August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

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August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Russia Is Considering Digital Ruble Settlements With China

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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Type your email here

Follow The Distributed

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\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

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December 23, 2024

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Follow The Distributed

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\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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August 15, 2024

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December 23, 2024

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Follow The Distributed

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\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Russia Is Considering Digital Ruble Settlements With China

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

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Russia Is Considering Digital Ruble Settlements With China

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\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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August 15, 2024

Banking

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

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\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 Next

Most Read

Adoption

Russia Is Considering Digital Ruble Settlements With China

September 29, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Russia Is Considering Digital Ruble Settlements With China

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\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7400,"post_author":"7","post_date":"2022-09-26 22:22:07","post_date_gmt":"2022-09-26 12:22:07","post_content":"\n
Wealth creation appeals to millions around the world. Many are searching for the next best investment opportunity despite rising global inflation.<\/p>\n\n\n\n
Web3 is the future of the internet. The features of Web3 allow users to manage their data over the internet, create monetary value over their shared data and enable redistribution of online-wealth opportunities. A noteworthy feature is its use of blockchain technology to validate transactions on Web3 platforms.<\/p>\n\n\n\n
How Can You Build Wealth Using Web3?<\/h2>\n\n\n\n
Firstly, create and sell NFTs<\/a>. Non-Fungible Tokens can be in music, films, photography, sports, and virtual worlds. If you cannot create NFTs, you can become a collector by buying NFTs on marketplaces like OpenSea<\/a>.<\/p>\n\n\n\n
Another way to build wealth is by becoming a developer in Web3 technology. The technology is in its early stages. You can potentially attract investors if you can build exciting projects to solve an issue. Learning programming languages like Python, Javascript, and Solidity can aid your journey. Creating decentralized applications<\/a> (dApps) that provide lasting solutions for generations will earn you success and wealth.<\/p>\n\n\n\n
Lastly, sell your Data. Web3 ensures that online wealth is distributed fairly to all users. Since Web3 is decentralized, you cannot only fully control your data but also monetize the data you share online resulting in wealth creation.<\/p>\n\n\n\n
Web 3.0 is gaining ground in our digital world; more users are seeing the need to become early developers of this new internet. Why don't you join in exploring the world of web 3.0 and build your wealth?<\/p>\n\n\n\n
See Related: <\/em><\/strong>What Is Web 3? The Evolution Into A Decentralized Internet<\/a><\/p>\n","post_title":"How To Create Wealth With Web3","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-wealth-with-web3","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/the-evolution-of-the-internet-into-web-3\/","post_modified":"2022-10-03 15:06:38","post_modified_gmt":"2022-10-03 04:06:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7400","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7311,"post_author":"7","post_date":"2022-09-24 22:24:15","post_date_gmt":"2022-09-24 12:24:15","post_content":"\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Olusegun Adesua

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