Regal Cinemas embraces crypto as payment, Christie's joins NFT marketplace Opensea and Kazakhstan mulls nuclear power plant to support crypto miners. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Regal Cinemas, the second-largest movie theater chain in the United States, begins accepting payments in Bitcoin and other cryptocurrencies. Regal Cinemas customers can now use their bitcoins and other cryptocurrencies to pay for their tickets. The second-largest movie theater chain in the United States is accepting payments in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoins (DOGE), Chainlink (LINK), Basic Attention Token (BAT), Cosmos (ATOM), plus stablecoins , the So (DAI), USD Coin (USDC) y Gemini Dollar (GUSD).
Regal Cinemas has partnered with a local platform to process cryptocurrency payments, highlighting that digital assets have become a rapidly growing and increasingly important form of value globally. Ken Thewes, Chief Marketing Officer at Regal, said which will revolutionize the film industry through cryptocurrencies, offering a fast, secure and reliable payment method that provides convenience and instant payments to its customers, using dozens of digital currencies.
NFT and DeFi Markets
📍Christie's to auction NFTs in partnership with Opensea. Christie's auction house announced that on December 1 it will open new digital art auctions in partnership with the largest market NFT Opensea. Christie's will be hosted within Opensea and will accept bids and payments in ether, the native cryptocurrency of the Ethereum network. Among the digital works and crypto collections to be auctioned by Christie's are those by EtherRock and artists such as Tom Sachs, Blake Kathryn, Mad Dog Jones, Olive Allen and many others.
📍Animoca Brands and Hex Trust join forces to offer institutional-grade financial and custody services. Animoca Brands, one of the world's largest blockchain gaming software developers, and Hex Trust, which offers a highly secure digital asset custody solution, will provide new institutional-grade tools and services. On its Twitter account, Animoca Brands reported that thanks to this alliance, its online players will be able to access institutional digital wallets and highly secure and reliable financial services.
The aim of both firms is to support the rapid growth of the GameFi ecosystem, while providing an efficient solution for storing gaming tokens and facilitating access to reliable financial services.
Miners
📍Kazakhstan is considering a nuclear power plant to meet the energy demand of cryptocurrency miners. Kassym-Jomart Tokayev, President of Kazakhstan, spoke about the possibility of building a nuclear power plant in the country to ensure energy supply, the demand for which is increasing every day with the arrival and installation of new cryptominers. Tokayev said at a recent meeting with the country's bankers that building a nuclear power plant will help Kazakhstan keep up with Bitcoin miners moving into its territory following China's crackdown on the industry.
Development and Technology
📍Ledger's hardware wallet now supports bitcoin transactions on Taproot. Ledger reported that the new version for its physical wallets for Bitcoin now supports Taproot, one of the most important updates to the cryptocurrency in the last 4 years. Ledger's update is called “Bitcoin 2.0.0” and is available for your Ledger Nano S devices.
Rules and Regulations
📍Paul Beaudry, deputy governor of the Bank of Canada, sees no risk to financial stability from cryptocurrencies. According to their statements During the 2021 Ontario Securities Commission Dialogue, Bank of Canada Deputy Governor Paul Beaudry stated that cryptocurrencies do not pose a risk to the global economy, as some regulators believe. In his opinion, cryptocurrencies are still quite far from being a financial system, so they do not pose a systemic risk to the current system. However, Beaudry clarified that the popularity and mass adoption of cryptocurrencies will lead these assets to play a more important role in the future, which is why they are constantly monitoring the crypto industry.
📍The Finnish Financial Supervisory Authority (FIN-FSA) warns against cryptocurrency service providers. Finland's FIN-FSA published a release warning that only cryptocurrency service providers registered with the entity, in accordance with current laws, are authorized to offer trading and negotiation products and services with crypto assets in the country. The financial regulator wants to protect the security and stability of its investors, in the face of the exponential growth that the crypto market has had in the country in recent months. The FIN-FSA is the entity in charge of supervising the cryptocurrency market since 2019.
📍The UK Law Commission has set the stage for England and Wales to implement and regulate smart contracts on blockchain. According to the UK Law Commission, England and Wales can apply and regulate the smart contracts (smart contracts) without the need to reform its current legislation. The Commission quoted the legal recognition that the UK Jurisdiction Working Group gave to smart contracts in 2019, noting that this allows both jurisdictions to legally adopt this technological development.
According to the Commission, the Working Group's 2019 legal statement established that the current legal framework is sufficiently robust and adaptable to facilitate and support the use of smart legal contracts.
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