Author: Donald Munn

On 31 May, the long-awaited update of the Zcash blockchain will go online, described by the Electric Coin Company team as “the largest network upgrade in Zcash history”. This will take place precisely at block number 1,687,104 and is basically version 5.0.0. The developers of the second largest blockchain in terms of market capitalization of their own cryptocurrency, ZEC, are therefore inviting developers to use the software to test it before it goes live on the mainnet, although at the same time it is explained that the upgrade has already undergone “extensive review at both the specification and implementation levels”.…

IOSCO President Ashley Alder said that a joint body to coordinate global crypto regulation and standards could probably be a reality by next year.  Ashley Alder: the need for a crypto regulatory body According to an online conference organized by the think tank Official Monetary and Financial Institutions Forum (OMFIF), Ashley Alder, President of the International Organization of Securities Commissions (IOSCO), has stated the need to create a joint body dedicated to crypto regulation within the next year.  The motivation for such interest by market regulators in cryptocurrencies lies in its boom and its growing connection to traditional finance, which…

Yesterday, the developers of Terra officially announced the temporary closure of their blockchain.  The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come. — Terra (UST) Powered by LUNA (@terra_money) May 13, 2022 The flaws in Terra’s blockchain It was already known that the project was not really decentralized, so it should not come as much of a surprise that a small group of developers could make such a decision on their own.  It is now no longer possible to transact in…

California’s governor has signed an executive order to officially build a framework for the use of crypto, tasking several state agencies to work out the details. California wants to regulate the crypto sector California Governor Gavin Newsom signed an executive order on Wednesday that aims to strengthen and regulate the cryptocurrency industry in the state, according to a report on CNBC, the US television network.   The executive order details how Newsom’s goal is: “to create a transparent and consistent business environment for companies operating in blockchain the benefits and risks to consumers”. .@DigitalChamber statement on California Executive Order N-9-22 –…

The Location Guide, Filmmakers for Ukraine and EUFCN are organising a fundraisingcampaign at this year’s Cannes Film Festival in support of the Ukrainian filmmakingcommunity. Ukrainian lapel pins will be sold during Cannes Film Festival at events andpavilions, and a minimum donation of EUR10 is required by scanning a QR code. “I am pleased to join forces with Filmmakers for Ukraine as we wanted to support aninitiative that directly assists Ukrainian filmmakers in a swift and transparent manner,” saysClara Le, The Location Guide’s commercial director. “We are reaching out to theinternational filmmaking community at Cannes and will be aiming to raise…

In Europe, the implementation of the Digital Markets Act (DMA) for big tech slips to spring 2023. New DMA for big tech in Europe expected in 2023 The new legal provisions on the big tech sector are awaited A new antitrust law on big tech companies was expected in October this year from the European Union. Instead, the approval of the Digital Markets Act (DMA) will be delayed until spring of next year. The announcement was made by the Executive Vice President of the Commission, Margrethe Vestager, during the International Competition Network (ICN) conference. The bill, presented two years ago…

Mario Draghi welcomed the founder of Meta (former Facebook) Mark Zuckerberg at Palazzo Chigi in Rome to discuss metaverse and technological innovation within the country.  Mark Zuckerberg in Italy Meta Platform brings its technological innovation to Italy During his visit to Italy, Mark Zuckerberg met with the Prime Minister of the country, Mario Draghi. The two talked about important issues according to several news agencies. According to the Minister for Digital Transformation Vittorio Colao, the two figures exchanged opinions and ideas on the technological future of the country, and especially on the investments needed to bring Italy back with a…

After the acquisition of Twitter, Elon Musk will likely be the company’s new CEO.  Elon Musk temporary CEO of Twitter  Visionary Elon Musk is ready to lead Twitter into a new transition This was revealed by CNBC, according to which the new owner should fill the role of CEO temporarily for a few months, according to some statements by anonymous sources to journalist David Faber of CNBC.  Musk would have the support of Twitter co-founder and former CEO Jack Dorsey, who resigned in November.  Thanks to a new document filed with the SEC, it was discovered that other investors are…

Binance, the largest crypto-exchange, is on the list of 18 backers of Elon Musk for his $44 billion acquisition of Twitter.  Binance on board to fund Elon Musk in his Twitter acquisition A ‘small’ $500 million contribution from Binance for the multi-billion dollar acquisition of Twitter According to an amended 13-D filing released Thursday to the Securities and Exchange Commission (SEC), there is a list of 18 lenders who have come forward with their funds to support Tesla and SpaceX CEO Elon Musk’s $44 billion purchase of Twitter.  Binance, the largest and most popular crypto-exchange, will fund Elon Musk with…

The Virtual Assets Regulatory Authority (VARA) in Dubai has officially announced its entry into The Sandbox metaverse. VARA Dubai opens an office in The Sandbox A new VARA Dubai Headquarters in The Sandbox In fact, VARA has established its “headquarters” (HQ) within one of the most widely used and popular metaverse.  Welcome to the #Metaverse, Dubai! We are honoured to welcome you to @TheSandboxGame! — The Sandbox (@TheSandboxGame) May 3, 2022 The HQ will be called MetaHQ and was unveiled directly by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Arab country’s…