\"For all the people willing to better understand blockchain and crypto, we hope this place will help them to enter the web3 world\"<\/em> <\/p>Roxanne Varza, Director, Station F<\/cite><\/blockquote>\n\n\n\n
ADVERTISEMENT\n Startups apart of the Station F ecosystem will benefit from the support of the BNB Chain, NFT Labs, and Binance Labs. These various teams will help develop the ideas of the startups opening the way for potential partnerships with Binance and their partners in the future.<\/p>\n\n\n\n
\"For all the people willing to better understand blockchain and crypto, we hope this place will help them to enter the web3 world\"<\/em> <\/p>Roxanne Varza, Director, Station F<\/cite><\/blockquote>\n\n\n\n
ADVERTISEMENT\n \n The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n \"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n 'thing_rat' on Twitter replied<\/a> that \"this is literally the history of bitcoin and the blocksize wars\" and that \"changing things like the blocksize would fork the chain and ruin any chance of success.\"<\/p>\n","post_title":"$DOGE Can Be The Currency Of The Internet And The People Says Robinhood CEO Vlad Tenev","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"doge-can-be-the-currency-of-the-internet-and-the-people-says-robinhood-ceo-vlad-tenev","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:10","post_modified_gmt":"2023-04-30 11:37:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4366","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4331,"post_author":"1","post_date":"2022-04-15 00:10:38","post_date_gmt":"2022-04-14 14:10:38","post_content":"\n
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n User 'awertheim' replied<\/a> to Tenev with a question reading \"Why are you trying to reinvent (an inferior version of) the wheel when the world already has Lightning Network?\" adding that the lightning network already has \"Instant, near zero fees, final settlement payment system.\"<\/p>\n\n\n\n
'thing_rat' on Twitter replied<\/a> that \"this is literally the history of bitcoin and the blocksize wars\" and that \"changing things like the blocksize would fork the chain and ruin any chance of success.\"<\/p>\n","post_title":"$DOGE Can Be The Currency Of The Internet And The People Says Robinhood CEO Vlad Tenev","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"doge-can-be-the-currency-of-the-internet-and-the-people-says-robinhood-ceo-vlad-tenev","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:10","post_modified_gmt":"2023-04-30 11:37:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4366","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4331,"post_author":"1","post_date":"2022-04-15 00:10:38","post_date_gmt":"2022-04-14 14:10:38","post_content":"\n
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n User 'ripndipbtc' stated<\/a> that what Tenev is proposing is \"literally impossible\". He adds \"10GB per block, 10sec a block. After 100 seconds, you need 100GB storage, after 10,000 seconds you need 10 TB storage. there won't be a machine which can store the entire chain since its existence.\"<\/p>\n\n\n\n
User 'awertheim' replied<\/a> to Tenev with a question reading \"Why are you trying to reinvent (an inferior version of) the wheel when the world already has Lightning Network?\" adding that the lightning network already has \"Instant, near zero fees, final settlement payment system.\"<\/p>\n\n\n\n
'thing_rat' on Twitter replied<\/a> that \"this is literally the history of bitcoin and the blocksize wars\" and that \"changing things like the blocksize would fork the chain and ruin any chance of success.\"<\/p>\n","post_title":"$DOGE Can Be The Currency Of The Internet And The People Says Robinhood CEO Vlad Tenev","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"doge-can-be-the-currency-of-the-internet-and-the-people-says-robinhood-ceo-vlad-tenev","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:10","post_modified_gmt":"2023-04-30 11:37:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4366","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4331,"post_author":"1","post_date":"2022-04-15 00:10:38","post_date_gmt":"2022-04-14 14:10:38","post_content":"\n
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Dogecoin co-founder Billy Markus commented that \"the infrastructure of the web has improved enough in 8 years to experiment with speeding it up\", but Elon Musk believes <\/a>that \"block size & time should keep pace with the rest of the Internet\". Suggesting that it may be time to test speeding up the block confirmation times but not going overboard with it.<\/p>\n\n\n\n
User 'ripndipbtc' stated<\/a> that what Tenev is proposing is \"literally impossible\". He adds \"10GB per block, 10sec a block. After 100 seconds, you need 100GB storage, after 10,000 seconds you need 10 TB storage. there won't be a machine which can store the entire chain since its existence.\"<\/p>\n\n\n\n
User 'awertheim' replied<\/a> to Tenev with a question reading \"Why are you trying to reinvent (an inferior version of) the wheel when the world already has Lightning Network?\" adding that the lightning network already has \"Instant, near zero fees, final settlement payment system.\"<\/p>\n\n\n\n
'thing_rat' on Twitter replied<\/a> that \"this is literally the history of bitcoin and the blocksize wars\" and that \"changing things like the blocksize would fork the chain and ruin any chance of success.\"<\/p>\n","post_title":"$DOGE Can Be The Currency Of The Internet And The People Says Robinhood CEO Vlad Tenev","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"doge-can-be-the-currency-of-the-internet-and-the-people-says-robinhood-ceo-vlad-tenev","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:10","post_modified_gmt":"2023-04-30 11:37:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4366","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4331,"post_author":"1","post_date":"2022-04-15 00:10:38","post_date_gmt":"2022-04-14 14:10:38","post_content":"\n
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n Responses To Tenevs Suggestions<\/h2>\n\n\n\n
Dogecoin co-founder Billy Markus commented that \"the infrastructure of the web has improved enough in 8 years to experiment with speeding it up\", but Elon Musk believes <\/a>that \"block size & time should keep pace with the rest of the Internet\". Suggesting that it may be time to test speeding up the block confirmation times but not going overboard with it.<\/p>\n\n\n\n
User 'ripndipbtc' stated<\/a> that what Tenev is proposing is \"literally impossible\". He adds \"10GB per block, 10sec a block. After 100 seconds, you need 100GB storage, after 10,000 seconds you need 10 TB storage. there won't be a machine which can store the entire chain since its existence.\"<\/p>\n\n\n\n
User 'awertheim' replied<\/a> to Tenev with a question reading \"Why are you trying to reinvent (an inferior version of) the wheel when the world already has Lightning Network?\" adding that the lightning network already has \"Instant, near zero fees, final settlement payment system.\"<\/p>\n\n\n\n
'thing_rat' on Twitter replied<\/a> that \"this is literally the history of bitcoin and the blocksize wars\" and that \"changing things like the blocksize would fork the chain and ruin any chance of success.\"<\/p>\n","post_title":"$DOGE Can Be The Currency Of The Internet And The People Says Robinhood CEO Vlad Tenev","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"doge-can-be-the-currency-of-the-internet-and-the-people-says-robinhood-ceo-vlad-tenev","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:10","post_modified_gmt":"2023-04-30 11:37:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4366","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4331,"post_author":"1","post_date":"2022-04-15 00:10:38","post_date_gmt":"2022-04-14 14:10:38","post_content":"\n
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
\n One of the main arguments against increasing block size was that it may lead to centralization as the hardware needed to confirm transactions would be much more expensive and scarce compared to something like Raspberry Pi which can be run by anyone at home. Tenev believes this is a \"fair tradeoff\", echoing those supporting Bitcoin SV - the suggestion to increase the block sizes.<\/p>\n\n\n\n
Responses To Tenevs Suggestions<\/h2>\n\n\n\n
Dogecoin co-founder Billy Markus commented that \"the infrastructure of the web has improved enough in 8 years to experiment with speeding it up\", but Elon Musk believes <\/a>that \"block size & time should keep pace with the rest of the Internet\". Suggesting that it may be time to test speeding up the block confirmation times but not going overboard with it.<\/p>\n\n\n\n
User 'ripndipbtc' stated<\/a> that what Tenev is proposing is \"literally impossible\". He adds \"10GB per block, 10sec a block. After 100 seconds, you need 100GB storage, after 10,000 seconds you need 10 TB storage. there won't be a machine which can store the entire chain since its existence.\"<\/p>\n\n\n\n
User 'awertheim' replied<\/a> to Tenev with a question reading \"Why are you trying to reinvent (an inferior version of) the wheel when the world already has Lightning Network?\" adding that the lightning network already has \"Instant, near zero fees, final settlement payment system.\"<\/p>\n\n\n\n
'thing_rat' on Twitter replied<\/a> that \"this is literally the history of bitcoin and the blocksize wars\" and that \"changing things like the blocksize would fork the chain and ruin any chance of success.\"<\/p>\n","post_title":"$DOGE Can Be The Currency Of The Internet And The People Says Robinhood CEO Vlad Tenev","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"doge-can-be-the-currency-of-the-internet-and-the-people-says-robinhood-ceo-vlad-tenev","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:10","post_modified_gmt":"2023-04-30 11:37:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4366","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4331,"post_author":"1","post_date":"2022-04-15 00:10:38","post_date_gmt":"2022-04-14 14:10:38","post_content":"\n
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with a fine of US$100,000. These charges come after violations of international sanctions against the Democratic People's Republic of Korea (DPRK) in 2019.<\/p>\n\n\n\n
The 'Pyongyang Blockchain and Cryptocurrency Conference' was held in North Korea's capital, where Griffith had explained<\/a> the benefits of blockchain. The Department of Justice (DOJ) notes that \"Griffith knew that the DPRK could use these services to evade and avoid U.S. sanctions, and to fund its nuclear weapons program and other illicit activities.\"<\/p>\n\n\n\n
\"After the DPRK Cryptocurrency Conference, Griffith pursued plans to facilitate the exchange of cryptocurrency between the DPRK and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK.\" states the DOJ's Office of Public Affairs. \"At no time did Griffith obtain permission from OFAC to provide goods, services or technology to the DPRK.\"<\/p>\n\n\n\n
Griffith pleaded guilty to conspiring to assist North Korea<\/a> in evading sanctions, this is a direct violation of the International Emergency Economic Powers Act (IEEPA). Sentences of up to 20 years can be handed out following acts against the IEEPA, although Griffith's sentence was dropped to 63-78 months.<\/p>\n\n\n\n
It is worth noting that nuclear weapons within North Korea have been being funded from proceeds from cyberattacks on various international crypto exchanges per a report from Reuters that cited the United Nations<\/a>. According to Chainalysis' blockchain forensics over US$400M<\/a> in crypto was stolen by various North Korean cyber attacks.<\/p>\n","post_title":"Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"former-ethereum-developer-virgil-griffith-sentenced-to-63-months-in-prison-over-north-korea-conspiracy","to_ping":"","pinged":"","post_modified":"2022-04-15 00:11:23","post_modified_gmt":"2022-04-14 14:11:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4330,"post_author":"1","post_date":"2022-04-14 23:21:56","post_date_gmt":"2022-04-14 13:21:56","post_content":"\n
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs.<\/p>\n\n\n\n
According to a report from Forkast<\/a>, self-regulatory bodies in China are urging their members to \u201cresolutely curb\u201d the \u201cfinancialization and securitization\u201d of NFTs.<\/p>\n\n\n\n
Although 3 national-level organizations believe NFTs show the potential to boost cultural industry development, risks outweigh the speculation, money laundering and illegal activities said the Chinese regulators<\/a>.<\/p>\n\n\n\n
A large publisher within China called 'The Economic Daily<\/a>' believes that \"digital collectibles\" are in urgent need of regulation<\/a>, as there is a layer of risk for domestic consumers.<\/p>\n\n\n\n
China has not yet clarified the regulations on trading NFTs within the country. \"Before the regulatory mechanism is clarified, consumers are advised to treat it calmly and participate rationally,\" states The Economic Daily.<\/p>\n\n\n\n
NFT Recognition In China<\/h2>\n\n\n\n
Multiple companies and organizations in China recognize NFTs as merely \"digital collectibles\". This comes after the denouncement of NFTs from state media. <\/p>\n\n\n\n
State media believes that \"it is not enough if digital collections are only regarded as cultural and creative commodities traded online and supervised by market supervision departments and intellectual property departments...digital collections have commodity attributes, currency attributes, securities attributes, etc., and their supervision involves multiple departments, and it is urgent to establish a joint supervision mechanism.\"<\/p>\n\n\n\n
Associations have persisted that venues to trade NFTs must not be facilitated, the same members should also stay away from investing in these assets and providing financial support for others to do so.<\/p>\n","post_title":"Chinese Regulators Want To Curb The Wave Of NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinese-regulators-want-to-curb-the-wave-of-nfts","to_ping":"","pinged":"","post_modified":"2022-04-14 23:22:58","post_modified_gmt":"2022-04-14 13:22:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4330","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4327,"post_author":"1","post_date":"2022-04-13 21:09:58","post_date_gmt":"2022-04-13 11:09:58","post_content":"\n
A partnership between Binance exchange and startup incubator Station F has been announced valued at \u20ac100M (US$108M).<\/p>\n\n\n\n
The deal<\/a> is a part of the 'Objective Moon<\/a>' announced by Binance in November 2021, which aims to develop three key cryptocurrency and blockchain innovation projects in France according to Binance. Binance CEO Changpeng Zhao believes that \"France is uniquely positioned to be the leader of this industry in Europe,\" this was stated at the Paris Blockchain Week Summit on Wednesday.<\/p>\n\n\n\n
