Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

6/3/2022 8:15:00 PM

China, Binance Labs, Goldman Sachs and Apple are featured in this week's edition of Crypto Biz.

Hallelujah, it's raining . . . crypto? China has airdropped its digital yuan to thousands of local residents. This and crypto news from Apple, Binance, and our own Market Report.

China, Binance Labs, Goldman Sachs and Apple are featured in this week's edition of Crypto Biz.

.0:00 News The concept of cryptocurrency inheritance continues to rapidly evolve as the decentralized finance (DeFi) industry spawns more ways to make a “crypto will.Table of Contents.In a first such attempt to counter lobby, the technologists wrote to the US lawmakers terming cryptocurrencies as “risky, flawed, and unproven digital financial instruments.

City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending You’ve heard of helicopter money before.Well, the city of Shenzhen is making it a reality by airdropping 30 million digital Chinese yuan (e-CNY) to local residents in an effort to boost consumer spending.The firm announced on Tuesday the launch of an inheritance feature on its decentralized crypto wallet Liquid Vault, allowing users to designate crypto wallets to inherit their funds.To qualify for the airdrop, locals must register with the food delivery app Mietuan Dianping.If selected, they’ll have the ability to spend their digital yuan at more than 15,000 merchant terminals.Instead, users just need to select up to eight beneficiaries and choose a date for distributing the assets to the designated wallets.For better or worse, you’re getting a glimpse into how governments will use central bank digital currencies to achieve macroeconomic objectives.It’s not secure, it’s not decentralized.

But yes, there are , too.The tool allows users to create future transactions or get a secondary access point to crypto based on various conditions.Apple’s upcoming developer conference sparks rumors of NFT trading cards Apple’s upcoming Worldwide Developer Conference, also known as WWDC, has sparked interest from the crypto community amid rumors that the iPhone maker was looking to integrate NFT trading cards — the rumors aren’t unfounded, either.The fanatics over at MacRumors apparently clicked on the Memoji characters being showcased on new Apple devices and software models and discovered three trading card characters available to be claimed.It allows users to sign future transactions and to condition them on almost anything,” Kirobo CEO Asaf Naim told Cointelegraph.The good news is we won’t have to wait long for the rumors to be either confirmed or squashed as WDCC takes place next week.Don’t miss it! How does the Fed impact your crypto? There has been a lot of talk about the Federal Reserve and interest rates over the past few months.Launched in beta in late 2021, the Liquid Vault wallet supports Ether (.2 million to $9 million.

After lying to us about inflation, the Fed has been forced to do a complete U-turn on monetary policy to bring down cost pressures.So, whether you like it or not, the cabal of central bankers who meet eight times a year have a major impact on your portfolio — and this includes crypto.In this week’s Market Report , we explain how the Fed is pulling the strings.Click below to watch a full replay of the show.Crypto Biz is your weekly pulse of the business behind blockchain and crypto delivered directly to your inbox every Thursday.), Sen.

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DeFi crypto wallet aims to decentralize inheritance of crypto and NFTsA potential solution for inheritance concerns? Crypto software provider KIROBO5 is moving to tackle a void in the DeFi industry by providing crypto investors with an opportunity to pass private keys or transfer funds according to their last will.

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Tech Experts Warns US Lawmakers About Growing Crypto Lobbying EffortsAmidst growing lobbying influence, a group of acclaimed tech experts has come together to warn about the growing impact of the cryptocurrency industry.

Crypto Gets Its Very First Insider-Trading IndictmentA Harvard grad and former poet faces up to 40 years for allegedly front-running NFT sales as the feds crack down on crypto.

Rep. Cawthorn’s Crypto Wallet Reveals Undisclosed Trades Amid House Ethics InvestigationSCOOP: Madison Cawthorn’s crypto wallet suggests the House member – who is under investigation for a potential pump-and-dump – likely lost money on his $150,000 “Let’s Go Brandon” meme coin bet. realdannynelson reports

Tether’s reported bank partner Capital Union shares its crypto strategyCapital Union, a Bahamas-based bank that reportedly holds some reserves by the Tether stablecoin issuer, launched crypto trading and custody as a “forward-looking financial institution.” (Reporting via coindanslecoin) coindanslecoin I am bullish on Paybolt, are you? Check PayBoltOfficial $LUNA terraluna Tether LUNAtic PayBolt PayBolt4biz