Apple’s boss said that the company doesn’t have any immediate plans to jump on the crypto bandwagon although Tim Cook admitted that the tech giant may be interested in “other uses” relating to the technology that powers crypto.
We started on a high note on Monday when FunFair Games announced a sequel to their crash-style game, AstroBoomers. In AstroBoomers TURBO, players get to enjoy a quickened gameplay and many more features.
Lottery.com, an established igaming B2B supplier, has revealed plans to introduce a blockchain-powered gaming platform that will go beyond national borders and create shared jackpot experiences.
The week also started with a promise from New York mayor Eric Adams to introduce blockchain and crypto lessons to the city’s school curriculum. The proposal was accepted with mix feelings with some observers all for and others arguing that crypto knowledge is not essential.
This comes at a time when New York has approved mobile sports betting in what is a pivotal move for the state. Nine licensees have been named in the move, forming two alliances of companies that will work together to deliver betting operations to the state.
Speaking of cities and crypto, Miami and New York are making big announcements this week. For starters, New York has debuted its proprietary cryptocurrency, the NYCCoin. This is the latest in a series of “CityCoins” to arrive. This comes at about the same time that Miami’s mayor, Suarez, said that the city will distribute BTC wallets and dividends to its entire population.
MiamiCoin, another CityCoins asset, previously generated dividends to stakeholders. However, Suarez wants to change that and is now prepared to distribute BTC dividends to the city’s entire population, regardless of whether you own a MiamiCoin or just reside in the city.
Suarez admitted that the logistics of this operation would be challenging, but he is willing to try as he intends to transform the city into one of America’s crypto hubs.
As things are looking up for New York and Miami, some adjustments are necessary in Australia. Authorities in Australia will now treat cryptocurrencies as if they were stock. In other words, Australians might be looking at 28% capital gains tax on their crypto holdings, which could be steep. Legal struggles continue for the crypto sector as we speak, as Huobi, one of the largest crypto exchanges, decided to shut down and establish a new entity in Singapore.
This move is done to provide Huobi with a better legal foothold in Singapore as the country is also revising its crypto laws in a bid to stay abreast with current developments. And, as we mention crypto exchanges, it’s probably worth reminding our readers that Binance experienced outages that have prompted a legal action from disgruntled consumers.