2022 Week 35 — Bisonai Brief

  • Bitcoin threatens 20-month low monthly close with BTC price under $20K
  • Over $100 Million Worth of NFTs Stolen Over the Past Year: Report
  • Most responses to Joe Biden’s executive order regarding cryptography are due the following week.
  • Launch of Compound III Places a Focus on Simplicity
  • Binance will assist Busan, South Korea, in developing its blockchain industry.
  • Free coins can wait; cryptocurrency tax cannot: S. Korea considers an airdrop “gift tax”
  • According to a report, Samsung will launch cryptocurrency exchanges in 2023.
  • Yong-Beom Kim, a former finance minister of South Korea, has been named the CEO of Hashed Open Research.
  1. The Treasury: A report on a central bank digital currency, or CBDC, with a particular interest in cooperation with the Federal Reserve. CBDCs have become a surprisingly contentious topic in Washington since the release of the Executive Order.
  2. The Office of Science and Technology: A technical analysis of the difficulty and likelihood of implementing a CBDC.
  3. The Justice Department: A legal assessment of whether Congress needs to put out new law in order to issue a CBDC — which Republicans have adamantly insisted is the case.
  4. The Treasury and the major markets and consumer protections regulators: a report on the risks and rewards of digital assets in markets and payments.
  5. Office of Science and Technology Policy: a report on crypto’s role in energy transitions across timespans. The issue is controversial, with crypto critics frequently pointing to proof-of-work mining as an inexcusable waste of electricity. Crypto stakeholders say PoW can monetize the development of renewable energy sources.
  6. The Justice Department, with the help of the Treasury and the Department of Homeland Security: The role of law enforcement agencies in “detecting, investigating, and prosecuting criminal activity related to digital assets.” The Department of Justice’s FBI, the Treasury’s IRS-Criminal Investigations, and the Department of Homeland Security have spearheaded the bulk of major cryptocurrency investigations federally.
  7. Commerce Department: A framework for enhancing United States economic competitiveness in, and leveraging of, digital asset technologies.

Korea Corner

Photo by Valery Rabchenyuk
  • The MoU includes several services and technological help.
  • Binance will provide Busan with technological and infrastructure support for the development of the city’s blockchain ecosystem, promotion of the Busan Digital Asset Exchange and order book sharing.
  • Binance will use Busan’s blockchain regulatory-free zone to promote blockchain initiatives and businesses, and provide specialized blockchain education and online resources from Binance Academy.
  • Binance said that it will establish a presence in Busan by the end of the year.
Yong-beom Kim

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Bisonai

Bisonai

Bisonai Technology Group focuses on solving hard technical problems with the use of Blockchain and Artificial Intelligence. https://bisonai.com/