“Some users of the Starbucks mobile app are now being presented with “Bakkt Cash” as a payment option. Starbucks says the Bakkt Cash option is only in limited beta for now.
We anticipate that a range of cryptocurrencies will gain traction with customers and, through our work with Bakkt, we will be uniquely positioned to constantly consider and offer customers new and unique ways to pay seamlessly, at Starbucks.
Bakkt CEO Mike Blandina said the firm plans to launch the wallet ‘later this summer.’“
See Also: Bakkt Raises $300M Series B From Microsoft, Pantera
“A new version of Russia’s delayed bill on digital assets will include a ban on issuing and selling cryptocurrencies, according to the country’s central bank.
People will not be punished for owning crypto ‘if they made their deal in a jurisdiction that does not prohibit that,’ but institutions that make crypto trading and usage possible would be outlawed under the bill.
The bank took an active part in discussing the digital asset legislation, which has been waiting to be heard in Russia’s parliament since last spring.”
“Companies looking to raise funds via security token offerings (STOs) might soon get some relief from regulatory burdens in the U.S.
If adopted, the modified rule would raise the cap on proceeds to $75 million from $50 million for security offerings sold under Regulation A+ and to $5 million from $1 million for Regulation CF (crowdfunding).
These rules allow companies to raise funds from the public without having to register as a public company.
The SEC is providing regulatory relief when it comes to private placement and exemptions. It’s not a gigantic step, but it makes it easier to raise capital.”
See Also: Vertalo to Tokenize 22 Securities Worth $200M on Tezos Blockchain
“MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, as an alternative collateral to help bear this risk.
The writeup also outlines a couple perceived negatives. According to the author, USDC support would reduce DAI’s decentralized “purity” and add to its regulatory risk in the United States.
A MakerDAO representative offered a counterpoint:
To say that DAI is not decentralized because of some of the assets that might back it would be erroneous.“
See Also: Stablecoins Gain Market Share Amid Crypto Bloodbath
“Brave’s chief policy and industry relations officer, explained that Google is abusing its power by sharing user data collected by dozens of its distinct services, creating a “free for all” data warehouse. According to Ryan, this was a clear violation of the GDPR.
Google collects personal data from integrations with websites, apps, and operating systems, for hundreds ill-defined processing purposes.”
“The proceedings relate to an alleged agreement between the Z/Yen Group Limited and the Cardano Foundation dated July 2017. The Cardano Foundation voided/terminated the agreement for various reasons. The Cardano Foundation fully rejects the claims raised by the Z/Yen Group Limited. Due to the ongoing nature of this judiciary process, no further information will be given while proceedings are in progress.
Based on this information, one can only speculate that the case raises the issue of the ownership of intellectual property.“
The Disrupt 