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Bitcoin ATMs Increase in Number in Moscow, Russia

The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs) are now operating across the country, despite the lack of clarity in terms of regulation. Moscow has taken the lead when it comes to new installations. Quoting one of the companies behind them, Rusbit, the newspaper revealed that 14 new ‘cryptomats’ have appeared in the capital city this year, bringing the total across the Russian Federation to 52 units. Given Russia’s territory and population, that...

Visa Files Trademark Applications Covering a Range of Cryptocurrency Products, Including Crypto Wallet

Payments giant Visa has filed two trademark applications covering a wide range of cryptocurrency products and services, including its own crypto wallet. The filings also mention crypto transaction management and non-fungible tokens (NFTs). Visa’s New Trademark Applications Visa has filed two trademark applications with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Thursday: Visa has filed 2 trademark applications claiming plans for managing digital, virtual, and cryptocurrency transactions, digital currency + cryptocurrency wallets, NFTs + virtual goods, providing virtual environments … and more. Filed on Oct. 22, the applications’ serial numbers are 97643605 and 97643607. Visa International Service Association, a subsidiary of Visa Inc., is listed as the owner of the trademarks. An excerpt of one of the trademark applications reads: “online non-downloadable software for management of digital transactions; n...

Elon Musk Takes Control of Twitter, Fires CEO and CFO — Says He Buys Twitter ‘to Help Humanity’

Tesla and Spacex CEO Elon Musk has completed the acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square,” he said. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.” Elon Musk Takes Over Twitter Tesla CEO Elon Musk has completed his $44 billion acquisition of Twitter Inc. and has changed his Twitter profile description to “Chief Twit.” On Thursday night, he tweeted: The bird is freed. Immediately after the deal closed, Musk reportedly fired Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, the social media platform’s head of legal affairs and chief content moderator. Gadde headed up the team at Twitter that made the decision to ban former U.S. President Donald Trump after the Capitol riot in 2021. On Thursday, M...

LD Capital Founder Jack Yi Gave a Keynote Address at BWB 2022 in South Korea: Opening of a New Era of Web3

PRESS RELEASE. LD Capital was established in 2016. Its main business involves direct investment and trading. It has established LD Capital X Ecological Fund, Web3 Alliance Incubation Accelerator, and Hero Group Secondary Hedging Asset Management. In the future, LD Capital’s investment in the field of Web3 will mainly focus on the Ethereum ecosystem, new public chains, GameFi ecosystems, DeFi ecosystems, etc. LD Capital’s investment philosophy is to grow together with industry pioneers, and to support Web3 entrepreneurs from multiple dimensions such as macro trends, strategic consulting, market branding, and industry relationships. It is the first investor in projects including 50 top industry titles. Regarding the prediction of future industry development, Jack Yi said that the price of Ethereum in the first two bull and bear cycles has grown dozens of times, and the price will continue to grow dozens of times in the next bull market. At the same time, we will focus on investing ...

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 billion bailout package for Egypt. The IMF’s Key Condition A report has said that the official exchange rate of the Egyptian pound versus the U.S dollar plunged by 15% to 23.09 per dollar after the central bank announced the adoption of a more flexible exchange rate regime. Cairo’s apparent devaluation of the currency came as news broke that Egypt had reached an agreement with the International Monetary Fund (IMF) which will see it receive a $3 billion financial bailout. Before the pound’s latest slip, the currency had traded at just under 20 units per dollar. Some banks in Egypt, as well as the IMF, argued that the exchange rate, which was last adjust...

Topps Reveals 2022 MLB Postseason NFTs Prior to the World Series

As fans prepare for game one of the World Series between Major League Baseball’s (MLB) Philadelphia Phillies and the Houston Astros, the candy and collectibles firm Topps released the company’s 2022 NOW MLB Postseason non-fungible token (NFT) collection. The MLB Postseason NFT collection is being released in three drops via the Topps NFT marketplace. Topps Drops 2022 NOW MLB Postseason NFT Collection Topps has introduced a number of NFT collections during the last two years and prior to the upcoming World Series, the company dropped the 2022 Topps NOW MLB Postseason collection. According to the collectibles company, the collection “curates the top 12 Topps NOW moments from each round of the MLB Postseason and will be released in three drops.” The first drop called the “Wild Card/Division Series Set” occurred on Tuesday, Oct. 25th via the web portal toppsnfts.com . On Nov. 1, Topps plans to drop the “Championship Series Set” and following that drop the company will release the “Wor...

Legendary Rocker Ozzy Osbourne’s Ozzfest Festival Is Coming to the Metaverse

Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place in Decentraland from November 10-13, located on various stages in the virtual metaverse land. Ozzfest to Take Place in the Metaverse via Decentraland According to an announcement revealed on Tuesday, Ozzy Osbourne is bringing Ozzfest to the metaverse. The announcement sent to Bitcoin.com News explains that the popular hard rock and metal festival will host a line-up of over 100 acts including virtual performances by Ozzy Osbourne, Motorhead, and Black Label Society. The event is being dubbed “the first metal and rock music festival to enter the metaverse,” and it will be the first Ozzfest performance since 2018. Ozzfest was founded by Osbourne, his wife Sharon, and his son Jack in 1996 and the Ozzf...