NEW: #Crypto News Update! Welcome back to the most efficient Cryptocurrency News Show.
Crypto Punk owners are now free to use their NFTs for commercial and private use. And the Federal Deposit Insurance Corporation have issued cease and desist orders to five companies in the blockchain space. Find out what for, and more, in today’s news!
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Yuga labs, the company behind the bored ape yacht club NFT collection and the creators of the Otherside metaverse, have just released the intellectual property rights of the Cryptopunks and Meebits NFTs they acquired in March 2022. This means owners of the NFTs are now free to use their NFTs for commercial and private use.
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On the 18th of august, the FDIC issued cease and desist orders to five companies in the blockchain space for allegedly telling site users that certain cryptocurrency-related products are being insured by the commission. The companies involved, FTX US, SmartAssets, FDICCrypto, CryptoNews, and CryptoSec, have been told by the FDIC to “take immediate corrective action to address these false or misleading statements”.
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Leaked documents have revealed that FTX’s revenue did a 10x in 2021!
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FTX have blocked AztecNetwork privacy dApp due to it being a ‘high risk’ mixer
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The CEO of United Texas Bank wants to ‘limit the issuance of US dollar-backed stablecoins to banks’ and claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
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00:00-00:15 Intro
00:15-00:35 NFT Property Rights Change
00:35-01:04 Government Crypto Crackdown
01:04-01:38 Quick Fire Crypto
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