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What Happened in the Crypto Industry & NOBI During the Past Week?

Hi NOBI’s! The cryptocurrency market has seen a lot of good news during the past week. The Brazilian government, for instance, has legitimized cryptocurrency as a legal tender by passing the crypto bill. Also, Russian President Vladimir Putin has proposed a decentralized payment system based on blockchain technology. However, the crypto community was hit with heartbreaking news, where Tiantian Kullander passes away at the age of 30. Who is he? We recap what’s been happening in the crypto industry during the past week!

1. Rest in Peace: Tiantian Kullander Passes Away at 30

Amber Group crypto entrepreneur Tiantian Kullander has died in his sleep at the age of 30. This young man is the co-founder of a Hong Kong-based digital asset company and is on the cusp of his career. Kullander, or who is also popular as “TT” launched Amber in 2017 ago. He founded his company with a group of financial experts, including former Goldman Sachs Group and Morgan Stanley employees. Prior to that, he worked as a trader at both financial giants, and in 2019 made it to the Forbes 30 Under 30 list, which recognizes the most talented entrepreneurs and emerging leaders.

2. Brazil’s Congress Passes Law to Legalize Crypto as a Payment Method

The Brazilian Parliament passed the Crypto Bill as a means of payment, on Tuesday (29/11/2022). However, in practice it will remain under the supervision of the central bank. In order to become lawful, the legal document is just waiting for the president’s signature. The bill itself has been written since 2015 and is of particular concern in the legislature to accommodate crypto assets as an alternative payment in Brazil.

3. Brazilian Premier League Club Transfers Player, Paid in Crypto

For the first time in history, big Brazilian League clubs transfer players without a joke, now they pay using crypto assets. One of the Argentinian midfielders named Giuliano Galoppo underwent a player transfer process using USDC crypto assets. The 23-year-old midfielder was transferred from the Banfield Athletics club to the big Brazilian League club, Sao Paulo. The Brazilian club bought Giuliano Galoppo for USDC 1 or USD 6 million (Rp 94 billion) to USD 8 million (Rp 125 million).

4. Putin Calls for Blockchain-Based Payment System

Recently, Russian President Vladimir Putin criticized the monopoly in the global financial payment system. It even calls for an independent, blockchain-based settlement network. This was said by Putin on November 24, namely when speaking at the International AI Journey Conference in Moscow. During the event organized by Sberbank, Russia’s largest bank and main lender to the Putin government, several things were stated.

“Digital currency and blockchain technology can be used to create a new system of international settlements that will be much more convenient, completely safe for its users and, most importantly, will not depend on banks or third country interference. I am sure that something like this will definitely be created and developed because no one likes the dictates of monopolists that harm all parties, including the monopolists themselves,” said Putin as quoted by Cointelegraph.

5. Cardano Founder Charles Hoskinson: Elon Musk Acquisition of Twitter Will Bring 200 Million New Users to the Crypto Sector

Cardano (ADA) founder Charles Hoskinson is optimistic that Elon Musk “had every intention” of integrating crypto assets to Twitter. At a recent Web Summit Event, Hoskinson predicted that Musk’s Twitter ownership would bring crypto to 200 million people. Hoskinson stated that it would be great fun to make Dogecoin a Cardano sidechain.

That wraps up for Crypto This Week. We’ll see you at the next one!

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