The UK’s Push for a Future in Crypto: This Week’s Top Bitcoin and Crypto News

Here’s what occurred this week on the planet of crypto.
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Welcome to Nonfungible Tidbits, a weekly roundup of reports in crypto, NFTs and their associated realms.Our lead story this week is the UK’s push to turn out to be a middle for crypto asset funding and expertise. We’ll additionally cowl a south Florida case the place US authorities confiscated $34 million in cryptocurrency and Robinhood’s new cryptocurrency pockets. Lastly, we’ll talk about Tom Brady’s NFT gross sales, a group of NFT stick figures going for wild sums of cash and what occurred to the primary mainstream online game to combine NFTs as in-game gadgets. Stay tuned for extra subsequent week.UK publicizes NFT to advertise nationwide crypto initiative The U.Okay. desires to be “a world hub for cryptoasset expertise and funding.”
HM Treasury
The British authorities introduced plans on Monday to make the UK a world hub for funding and tech in crypto belongings. The UK is trying to make stablecoins a legitimate type of fee, and the Royal Mint will difficulty an NFT to advertise Britain’s crypto push. “The measures we have outlined right this moment will assist to make sure companies can make investments, innovate and scale up on this nation,” UK finance minister Rishi Sunak stated within the announcement. This comes simply weeks after the nation’s monetary regulator declared all bitcoin ATMs within the UK unlawful and ordered them to close down. The nation’s promoting authority has additionally been cracking down on crypto adverts within the nation for failing to focus on dangers related to cryptocurrency investing. Read The Techy Trends’s full story on the UK’s NFT and crypto plans right here.

US Authorities Seize $34M in Crypto in South Florida Case
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US authorities confiscated 34 million price of cryptocurrency that was allegedly produced from promoting illicit gadgets and stolen accounts from on-line companies, together with HBO, Netflix and Uber, on the darkish net, the Justice Department stated Monday. The DOJ says this is among the largest cryptocurrency forfeiture actions the US has ever filed. The announcement did not specify the id of the south Florida resident the cryptocurrency was confiscated from or if the DOJ was pursuing additional authorized motion.Read The Techy Trends’s full story on the cryptocurrency confiscation right here.Robinhood rolls out cryptocurrency pockets for folks on ready listing
Robinhood’s cryptocurrency pockets is now accessible for eligible customers who beforehand signed up for the ready listing. The pockets’s launch was introduced by Robinhood CPO Aparna Chennapragada on Thursday on the Bitcoin convention in Miami. The Robinhood crypto pockets permits transferring cryptocurrency into exterior wallets with each day withdrawals capped at $2,999 complete and 10 transactions. However, residents in Hawaii, New York and Nevada should not eligible to enroll, as a result of state laws. Robinhood has been a topic of controversy because the firm’s function within the GameStop inventory saga.Read The Techy Trends’s full story on Robinhood releasing the cryptocurrency wallets right here.ESPN, Tom Brady promote NFTs to advertise documentary collection
Jordon Kelly/Icon Sportswire through Getty Images
An NFT assortment from ESPN and Tom Brady was launched Wednesday in live performance with the Tom Brady documentary collection ‘Man within the Arena: Tom Brady’ arriving on Hulu and Disney Plus. The NFTs characteristic ESPN journal covers of Brady, vary from $100 to $500 and have already bought out. Brady, alongside together with his spouse, Gisele Bündchen, beforehand took an fairness stake within the cryptocurrency trade FTX and launched a industrial for the crypto firm.Read The Techy Trends’s full story on the NFTs from ESPN and Tom Brady right here.NFT stick figures are promoting for 1000’s of {dollars}
Over $100 million in cryptocurrency has been spent on ‘mfers,’ an NFT assortment that includes drawings of stick figures in entrance of colour backgrounds. Recently, the least costly NFT within the assortment was 3.97 ether, or round $14,000, and the gathering’s easy artwork may be very a lot on goal. “Underlying mfers’ meme artwork is, hilariously, an argument about mental property,” says The Techy Trends Senior Writer Daniel Van Boom.Read The Techy Trends’s full story on why mfers are promoting and what’s driving the costs right here.

First mainstream online game to make use of in-game NFTs will finish new content material
Ubisoft turned the primary large online game developer to combine NFTs into mainstream video video games when the corporate launched ‘digits’ in Ghost Recon Breakpoint earlier this yr, a transfer that did not go over nicely with a lot of the sport’s fanbase. On April 5, just a few months post-integration, Ubisoft introduced it’s ending new content material for the sport. However, Ubisoft is trying to rent extra blockchain-related roles on the firm and reportedly desires to place NFTs in future video games, so avid gamers can in all probability count on to see NFTs in upcoming Ubisoft titles. Thanks for studying. We’ll be again with loads extra subsequent week. In the meantime, try this cautionary story from Farnoosh Torabi on how bitcoin blackmailers tried to steal from her dad’s E-Trade account. 

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