Burger King to check Not possible Meals’ meatless nuggets

Burger King’s Impossible Nuggets

Burger King

Burger King will be testing Impossible Foods’ meatless nuggets in multiple markets, making it the first fast food chain to offer the company’s new chicken alternative.

Starting Monday, customers in Des Moines, Iowa, Boston and Miami can try the plant-based Impossible Nuggets.

the International restaurant brands Chain first partnered with Impossible Foods two years ago as the first fast food chain to sell their meatless burgers. After an initial increase in sales of the busy item, the chain lowered the price and got closer to a beef whopper. The rival of Burger King MC Donalds has a partnership with Impossible’s main challenger Beyond meat, although they haven’t yet launched a herbal item nationwide in the U.S.

For Burger King, the Impossible Nuggets offer a similar option as the Impossible Whopper to direct traffic to its restaurants. While meat alternatives are now more commonly found on fast food menus, chicken substitutes are a rare find as both Impossible and Beyond only recently launched their iterations. Impossible began by introducing its meatless nuggets in restaurants and grocery stores in September, while Beyond’s tenders hit restaurants in July.

The test comes because traditional chicken is more expensive and harder to find. Chicken commodity prices have doubled this year, according to Bank of America Securities. Yum Brands’ KFC stopped advertising its chicken offerings last month due to a delivery bottleneck.

Burger King also announced on Wednesday that it will introduce Ghost Pepper Chicken Nuggets nationwide on Monday. Unlike the Impossible Nuggets, these are made from white chicken.

Restaurant Brands’ shares are up less than 1% this year, for a market value of $ 28.5 billion.

Burger King takes shot at Chick-Fil-A, will donate cash from new hen sandwich to LGBTQ group

MYRTLE BEACH, SC (WBTW) – Burger King shot a chance at Chick-Fil-A during Pride month and will donate money from its new chicken sandwich to the Human Rights Campaign, the world’s largest LGBTQ civil rights organization.

On Thursday, the company tweeted that for every “Ch’King” sandwich sold in June, 40 cents will be donated to the human rights campaign. The company will donate up to $ 250,000.

the #ChKing says LGBTQ + rights!

while #Proud Month (including Sundays ?) can do your chicken sandwich cravings good! we donate * to @HRC for every Ch’King ?️‍? sold

– Burger King (@BurgerKing) June 4, 2021

Burger King has also scrutinized Chick-Fil-A by saying that money will be donated “even on Sundays” – on a day when Chick-Fil-A is closed.

The manager of Chick-fil-A in South Carolina receives a special honor for helping with a transit COVID-19 vaccination site

Chick-Fil-A has come under fire in the past for donating money to anti-LGBTQ organizations. In 2019, the restaurant chain said it would no longer donate to these organizations.

Salinas Valley Honest returns with modified livestock present, leisure | The King Metropolis Rustler

SALINAS VALLEY – The Salinas Valley Fair 2021 took place in a changed format due to the health guidelines of the Covid-19 pandemic. However, it was the first time since 2019 that trade fair visitors were able to show animals or personally pick up carnival food.

This year’s animal evaluation was divided into two parts. Pigs were brought in on May 11th and judged on May 12th, and then sheep, goats and beef were brought in on May 14th and judged on May 15th.

The extended, multi-day offer was accompanied by a pop-up carnival food event, at which several vendors sold snacks every day, as well as a list of evening films and entertainment.

This was a shift back to a personal fair after last year’s event had to be completely canceled due to the pandemic.

The expanded, multi-day offer of the Salinas Valley Fair 2021 was accompanied by a pop-up carnival food event, at which several vendors sold snacks every day. (Sean Roney / Staff)

“Fair food was all week,” said Lauren Hamilton, interim CEO of the fair. “It was a very popular event. You enjoyed having a fair feeling without having the fair here. “

Of the entertainment, Hamilton said the Sol Treasures Disney drive-in concert drew an audience of 54 cars and the drive-in theater films showed an estimated 15 to 20 cars per night.

However, the animal rating was lower than in previous years.

“In a normal year we are about 1,000 animals, but this year we are 415 animals,” said Hamilton.

Local youth exhibitors display their lambs on May 15 at the Topo Ranch Center at the Salinas Valley Fairgrounds in King City. (Sean Roney / Staff)

Although Hamilton had fewer animals than typical years and was divided into two main shows, she received positive feedback from parents. She felt how the many hours her staff had put into making sure the show ran and was approved was noticed by the families.

“Every year they look forward to the King City Show and everyone was super grateful,” said Hamilton. “You understand that May is here and that summer begins at the beginning of the fair. It was a disappointing year not to have the show last year. “

The sense of community of a fair atmosphere is one aspect that Hamilton considers important. Whether people come in for something to eat or to talk to friends, there is a festive atmosphere to enjoy.

Looking ahead, the county cannot predict approval of plans and state health contracts, but Hamilton said plans for an autumn carnival are in the works. As long as health guidelines allow such an event, the exhibition site staff will work to hold this event later in the year.

“It’s a great place for family fun and it’s very easy and we enjoy putting it together for everyone,” said Hamilton.

Beef will be used for judging by youth exhibitors at the Rava Equestrian Center as part of the Salinas Valley Fair 2021’s revised format on May 15th. (Sean Roney / Staff)

The Anti-Cash Laundering Act and Crypto Collide: Non-Fungible Tokens | King & Spalding

As NFTs gain popularity, buyers and sellers should consider the potential issues related to federal anti-money laundering laws.

While non-fungible tokens (“NFTs”) have existed for several years, the market for NFTs grew considerably during 2020 and into 2021, as a number of high-profile NFT sales grabbed headlines and well-known brands and organizations began exploring the use of NFTs. Amid this continued growth in adoption, and the expanding range of use cases, industry participants should make sure they are aware of the legal implications for issuing, purchasing, and trading these new assets.

For now, existing laws and regulations will likely be applied to promote transparency and to address several aspects of NFTs, including the potential investment value, the risk of speculation and volatile pricing, and potentially anonymous market participants. This article, which is the first in a multi-part series highlighting the legal and regulatory implications surrounding NFTs, explores the current state of play, potential risks, and likely regulatory developments relating to NFTs and federal anti-money laundering laws.

WHAT ARE NFTS?

NFTs are digital assets encoded on a blockchain that represent ownership of a unique asset or set of rights. Most blockchain tokens that represent digital assets (including cryptocurrencies) are fungible, meaning that the characteristics of any two tokens are the same. As a result, any two fungible tokens of the same type will generally have equal value. The technology underlying NFTs, on the other hand, ensures that each token is unique, and NFT creators have leveraged those characteristics of the technology to create a broad range of unique digital assets. NFTs range from digital artwork (including the $69 million sale of an NFT by digital artist Beeple),1 to virtual real estate (one buyer recently purchased nine digital plots of land in an online game for approximately $1.5 million),2 to digital Lebron James trading cards,3 to virtual race horses,4 to an entry ticket for a virtual celebrity beer pong tournament.5 NFTs are “minted” by issuers or creators and purchased through online exchanges or marketplaces.

NFTs are not limited to the digital space; rather, they “can also represent any type of physical asset, acting as a kind of ‘digital twin’ to anything existing in the real world and enabling the ownership and exchange of physical possessions within digital marketplaces.”6 One key characteristic of NFTs is provable ownership—that is, given the reliability of blockchain technology and decentralized ledgers, an NFT holder can be confident that his or her ownership of the underlying asset(s) is secure. NFTs are accompanied by “smart contracts,” which allow the seller to place conditions on the token-holder’s ownership rights, such as generating automatic royalty payments to the original NFT creator at each subsequent sale.7 The conditions of an NFT’s underlying smart contract are designed to be automatically enforced by the NFT’s code on the blockchain.

According to one study conducted in partnership with a financial institution, the NFT market has grown rapidly in recent years:8

 

2018

2019

2020

Active Wallets*

110,551

112,731

222,179

USD Traded

$159.1 million

$62.9 million

$250.8 million

Market Capitalization

$40.9 million

$141.6 million

$338 million

* Wallets allow users to send, receive, and spend cryptocurrency. This row indicates the # of wallets that have interacted with an NFT Smart Contract, including buyers, sellers, and anyone who has played a game or interacted with a project using NFTs

And that trend has continued during 2021. Indeed, one report shows that NFT sales in the first quarter of 2021 grew to more than $2 billion, over twenty times the volume of the previous quarter.9 On one major marketplace, NFT sales grew from $8 million in January 2021, to $95 million in February, to almost $150 million in March.10 While sales volume dropped to $94 million in April, the larger trend shows a marked increase from last year, during which the same marketplace had an average sales volume of only $1 million per month.11

RISKS AND COMPLIANCE: THE ANTI-MONEY LAUNDERING ACT OF 2020

As the digital art world grows and prices soar, NFT marketplaces specializing in digital art may become subject to suspicious activity reporting standards under the Bank Secrecy Act (“BSA”). On January 1, 2021, Congress passed the Anti-Money Laundering Act of 2020 (“AMLA”) which provides the most comprehensive update to anti-money laundering laws under the BSA since the Patriot Act.12 Both the AMLA and BSA enable the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) to regulate the activity of financial institutions, including through various recordkeeping and reporting obligations. Although the AMLA does not directly mention NFTs, several provisions ought to be considered by individuals and financial institutions contemplating NFT transactions.

Is an NFT a “value that substitutes for currency or funds”?

Although the AMLA formally extended BSA reporting obligations to cryptocurrency exchanges, direct regulation of NFTs and related marketplaces will require additional action by Congress. Section 6102(d) of the AMLA expanded the definition of “financial institutions” to include businesses involved in the exchange of “value that substitutes for currency or funds,” thus codifying FinCEN’s longstanding position that cryptocurrency exchanges—which convert fiat currency such as the U.S. dollar into cryptocurrency and vice versa—are “money services businesses” subject to BSA reporting requirements.13 This requires cryptocurrency exchanges to engage in customer due diligence (“CDD”) to verify the identity of their customers, identify any beneficial owners of accounts, develop customer risk profiles, and monitor transactions to submit suspicious activity reports among other things.14

Cryptocurrencies are clearly a “value that substitutes for currency,” but it is less likely NFTs would be deemed the same. Currencies and their substitutes derive their utility, in part, from their inherently fungible nature.15 Generally speaking, NFTs would not be considered a currency nor a substitute because, by definition, they lack fungibility. NFTs are more akin to legal instruments, such as a deed, containing a unique signature demonstrating ownership of an asset. That lack of fungibility arguably pushes NFTs outside the reach of the AMLA, and further action from Congress would be necessary to apply anti-money laundering regulations to NFTs and their marketplaces directly.

FinCEN has yet to issue anything specifically on NFTs, and has similarly not indicated whether NFT players are or may become subject to the AML regime. That said, regulators have certainly begun formalizing procedures for applying current laws to digital assets. Just one example is DOJ’s recently published Asset Forfeiture Policy Manual that provided guidance regarding seizure of cryptocurrencies and digital tokens.16 And given the high degree of scrutiny and ongoing expansion of AML obligations to the cryptocurrency space, NFTs may not escape additional rulemaking or legislation.

Are NFT marketplaces “art dealers”?

Congress is in the process of expanding the BSA’s reach and could reasonably conclude that NFT exchanges should be included among the list of entities subject to the law’s reporting requirements.

The AMLA sought to address, among other things, the multibillion-dollar black market trade in art and antiquities, which is estimated to be the “third largest type of black market after illegal drugs and the arms trade.”17 Forthcoming regulations from FinCEN are expected to expand BSA reporting obligations to antiquities dealers, and in January 2022 Congress is scheduled to receive the results of an ongoing study by FinCEN that will “inform debates over whether to extend BSA requirements to art dealers.” 18 As discussed more fully below, extending reporting obligations to art dealers could have the effect of sweeping NFT exchanges into the scope of such obligations. If reporting obligations are extended, art dealers will be required to grapple with a number of anti-money laundering protocols more familiar to financial services entities. The rule would also make it far more difficult for buyers and sellers to obscure their identities through shell companies or offshore entities.

NFT marketplaces such as OpenSea, Rarible, and SuperRare function much like an auction house or an art dealer by connecting buyers and sellers who transact directly. In fact, SuperRare describes itself as “Instagram meets Christies,”19 and Mark Cuban is building an online art gallery to display his NFTs.20 Given their similarities, NFT marketplaces share many of the characteristics that make the art trade susceptible to money laundering—namely, “buyer secrecy, informal and self-regulated markets, non-transparent pricing, [and] high value transactions.”21 In early March, for example, an NFT consisting of a digital copy of a limited-edition Banksy print sold for nearly $400,000 in Ethereum on OpenSea to a bidder with the screen name “GALAXY,” whose profile lacks any identifying information.22 The buyer behind the $69.3 million sale of Everydays: The First 5000 Days by Beeple was also initially pseudonymous, although the purchaser later revealed his identity.23 Given that many of these transactions are completed using cryptocurrencies—which can be hard to trace to actual individuals—the NFT trade faces similar money laundering risks as the art trade more generally.24 Of course, as Congress considers subjecting art dealers to the BSA, it could also decide to define “art dealers” broadly to bring NFT marketplaces specializing in digital art within the BSA’s ambit. In addition, several prominent auction houses have started to participate in NFT sales,25 and those firms should be mindful that the compliance considerations applicable to traditional art sales should be applied to NFT sales as well.

NFTs and anti-money laundering risks from “tumblers”.

So-called “tumbling” poses an added layer of anti-money laundering concerns with respect to NFTs. One distinct feature of cryptocurrencies is that the ownership history of a particular coin can be traced.26 In theory, one can trace the owner-history of cryptocurrencies because each transaction involving a particular coin is publicly recorded on the blockchain.27 Cryptocurrencies are held in virtual “wallets” which function as the digital address, or identity, of the wallet holder.28 When a cryptocurrency coin is passed to another wallet, the data is recorded in a transaction “block” which lists the digital wallet addresses of the sender and recipient.29 Each transaction block is then automatically recorded and stored publicly on the blockchain, which functions as a public digital ledger of all transactions.30 Working backwards, it is generally possible to trace the ownership history of a coin by analyzing the coin’s transaction blocks to see all of the digital wallets through which it has passed.31 Although the digital addresses of each wallet do not directly identify the actual owner, wallets can be linked to real people by mapping IP addresses and other forms of data analytics.32

Cryptocurrency “tumblers” can increase the difficulty of tracing a coin’s ownership history, however, by circulating that coin through multiple transactions33 and thus “washing” its potential connection to suspicious wallets or transactions.34 Significant time, patience, data, and processing power is required to “untumble” coins—the more a coin is tumbled, the harder it is to trace.35

FinCEN guidance considers cryptocurrency tumbling to be a “money transmitting business,” thus requiring registration with FinCEN, compliance with both BSA reporting requirements and “know your customer” due diligence obligations, and implementation of an anti-money laundering compliance program.36 This guidance has been tested and upheld in United States v. Harmon, an ongoing criminal money laundering case against Larry Dean Harmon for operating Helix—a tumbling service that was allegedly used on the dark web to conceal cryptocurrencies used for black-market activities.37 Harmon was indicted for money-laundering and operating an unlicensed monetary business in violation of the BSA. In upholding the indictment, the court noted that tumblers “work by literally mixing up a user’s payment with lots of other payments from other users” to obfuscate their ownership history, thus qualifying as a “money transmitting business” by “receiving bitcoin and transmitting that bitcoin to another location or person.”38 The Harmon prosecution is still ongoing with jury selection set for later this year,39 and it is possible that the district court’s rationale in upholding the indictment could be reevaluated on appeal.

Theoretically, NFT marketplaces could be leveraged to achieve the same result as tumbling.40 Given the extraordinarily high value of some NFTs, individuals could execute multiple NFT transactions whereby a significant number of coins are spread to different accounts. Repeating this process over and over, individuals could distance themselves from coins linked to dark web activities or cryptocurrency exchanges that do not comply with anti-money laundering and customer due diligence requirements. In short, NFT transactions could be used as another way to add multiple “blocks” to a coin’s ledger, thereby obfuscating the transaction history and associated accounts.41

Although NFT marketplaces may in some cases help obfuscate ownership of cryptocurrency linked to illicit activities, NFT marketplaces are unlikely to qualify as a “money transmitting business” because they merely (1) allow NFT purchasers and sellers to connect and transact without an intermediary (i.e., a “peer-to-peer” platform) and (2) do not directly handle or otherwise process the cryptocurrencies used to purchase NFTs. Indeed, one commentator described an NFT marketplace as “eBay on the blockchain.”42 Given that NFT marketplaces pose similar money-laundering risks as auction houses and art dealers involved with in high-value transactions, however, Congress could decide to independently subject NFT marketplaces to BSA reporting requirements, “know your customer” due diligence, and other requirements.

Regardless of future regulatory changes, crypto-exchanges and traditional financial institutions handling NFT transactions should beware of obligations for reporting suspicious activity.

Both cryptocurrency exchanges and traditional financial institutions are subject to the BSA and therefore may be required to file suspicious activity reports (“SARs”) for transactions involving NFTs for digital art and other tethered assets. In fact, recent guidance from FinCEN was issued to “provide specific instructions for filing SARs related to trade in antiquities and art.”43 Under the guidance, to comply with BSA obligations, financial institutions—a definition that now includes cryptocurrency exchanges—are required to submit SARs for suspicious activity related to art and antiquities. The guidance explains that SAR filings should:

  • include a detailed description of how the questionable activity is tied to art and antiquities;
  • provide identifying information (including IP addresses) for the purchasers, sellers, and any other intermediaries or agents; and
  • state the volume and dollar amount of the suspicious transactions.

Additionally, SARs ought to identify any “other transactions or proposed transactions that may involve antiquities or art” and identify where the reported individuals or entities are currently operating. Given the similar money-laundering risks shared between high-value art transactions and NFTs, financial institutions and cryptocurrency exchanges may be obligated to file SARs when executing NFT transactions on behalf of their clients. They should therefore have in place controls for identifying suspicious activity relating to NFTs, as well as determining when and how to report it.

CONCLUSION

Traditional financial institutions are no strangers to the stringent BSA and other anti-money laundering compliance requirements. Those institutions’ involvement with NFT-related transactions may generate new compliance obligations. Unless and until NFT-specific guidance is provided, companies should look to guidance on analogous services and products. Given the money-laundering risks shared between NFTs and the art and antiquities markets, financial institutions should pay special attention to the opaque and often anonymous NFT market and should consider filing SARs if they detect any suspicious activity related to an NFT transaction. In this rapidly evolving area, both financial institutions and cryptocurrency exchanges should also consider re-examining their existing anti-money laundering compliance programs to meet the needs of their clients and federal regulators.

1 Katie Tsai, “Digital Artist Beeple Sees NFTs, Like the One He Sold for Over $69 Million, Around for ‘Many Decades,’” CNBC (Apr. 30, 2021), available at https://www.cnbc.com/2021/04/30/beeple-real-name-mike-winkelmann-sees-nfts-around-for-many-decades.html.

2 Janine Yorio, “Here Comes the Virtual Real Estate Boom,” CoinDesk (Feb. 16, 2021), available at https://www.coindesk.com/here-comes-the-virtual-real-estate-boom.

3 Jabari Young, “People Have Spent More Than $230 Million Buying and Trading Digital Collectibles of NBA Highlights,” CNBC (Feb. 28. 2021), available at https://www.cnbc.com/2021/02/28/230-million-dollars-spent-on-nba-top-shot.html.

4 Taylor Lorenz, “Digital Horses Are the Talk of the Crypto World,” N.Y. Times (May 1, 2021), available at https://www.nytimes.com/2021/05/01/style/zed-run-horse-racing.html.

5 Tanzeel Akhtar, “Social Token App Fyooz Offers Chance to Play Beer Pong with Rap Artist Post Malone,” Yahoo!Money, (Feb. 11, 2021), available at https://money.yahoo.com/social-token-app-fyooz-offers-130707216.html.

6 See Non-Fungible Tokens Yearly Report 2020 (Free Version), NonFungible.com & L‘atelier/BNP Paribas, PDF at 3 (Feb. 16, 2021), available at https://nonfungible.com/blog/nft-yearly-report-2020 [hereinafter “NFT Yearly Report 2020”].

7 See Interview of Professors Burt Rosenberg and Tarek Sayed, University of Miami (Mar. 26, 2021), available at https://news.miami.edu/stories/2021/03/nfts-are-a-new-financial-frontier-in-cyberspace.html.

8 NFT Yearly Report 2020, PDF at 26–27.

9 See Robert Frank, NFT sales top $2 billion in first quarter, with twice as many buyers as sellers, CNBC (Apr. 13, 2021), available at https://www.cnbc.com/2021/04/13/nft-sales-top-2-billion-in-first-quarter-with-interest-from-newcomers.html.

10 See Elizabeth Howcroft, After first quarter frenzy, NFT market shows signs of stabilizing, Reuters (May 4, 2021), available at https://www.reuters.com/technology/after-first-quarter-frenzy-nft-market-shows-signs-stabilising-2021-05-04/.

11 See id.

12 Anti-Money Laundering Act of 2020, Pub. L. No. 116-283, H.R. 6395, 116th Cong. § 6101 et seq. (enacted Jan. 1, 2021) (to be codified at 31 U.S.C. § 5323), available at https://www.govtrack.us/congress/bills/116/hr6395/text.

13 Fin. Crimes Enf’t Network, U.S. Dep’t of the Treasury, FIN-2019-G001, Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies 3 (2019), available at https://www.fincen.gov/sites/default/files/2019-05/FinCEN%20Guidance%20CVC%20FINAL%20508.pdf.

14 See 31 C.F.R. § 1010 et seq.

15 C.f. United States v. Faiella, 39 F. Supp. 3d 544, 545 (S.D.N.Y. 2014) (finding that Bitcoin qualifies as money precisely because “Bitcoin can be easily purchased in exchange for ordinary currency, acts as a denominator of value, and is used to conduct financial transactions”); United States v. Ulbricht, 31 F. Supp. 3d 540, 570 (S.D.N.Y. 2014) (defining “money” as “an object used to buy things” and concluding that “the only value for Bitcoin lies in its ability to pay for things” because “Bitcoins can be either used directly to pay for certain things or can act as a medium of exchange and be converted into a currency which can pay for things”). See also Sebastian Omlor, The CISG and Libra: A Monetary Revolution for International Commercial Transactions?, 3 Stan. J. Blockchain L. & Pol’y 83, 90 (“The two basic functions of money are to be a unit of account and a universal means of exchange.”).

16 See U.S. Dep’t of Justice, Asset Forfeiture Policy Manual 26 (2021), available at https://www.justice.gov/criminal-afmls/file/839521/download.

17 Combating Illegal Antiquities Trade, Standard Charted Bank (Dec. 2018), available at https://av.sc.com/corp-en/others/Combating-Illegal-Antiquities-Trade_FINAL.pdf.

18 Transnational Crime Issues: Arts and Antiquities Trafficking, Congressional Research Service (Mar. 1, 2021), https://crsreports.congress.gov/product/pdf/IF/IF11776.

19 Frequently Asked Questions, SuperRare (last visited May 3, 2021), available at https://superrare.co/about.

20 Shalini Nagarajan, Billionaire Mark Cuban is setting up a digital art gallery that allows users to display NFTs in any form, report says, Business Insider (Mar. 24, 2021), available at https://markets.businessinsider.com/news/stocks/billionaire-mark-cuban-setting-up-digital-art-gallery-for-nfts-2021-3-1030240151.

21 Combating Illegal Antiquities Trade, supra at note 12, available at https://av.sc.com/corp-en/others/Combating-Illegal-Antiquities-Trade_FINAL.pdf.

22 See Jamie Redman, Burned Banksy NFT Sale Captures Close to $400K, Critics Claim Buyers Are ‘Morons’, Bitcoin.com (Mar. 8, 2021), available at https://news.bitcoin.com/burned-banksy-nft-sale-captures-close-to-400k-critics-claim-buyers-are-morons/; User Profile: “Galaxy”, OpenSea, available at https://opensea.io/accounts/GALAXY.

23 Robert Frank, Crypto investor who bought Beeple’s NFT for $69 million says he would have paid even more, CNBC (Mar. 30, 2021), available at https://www.cnbc.com/2021/03/30/vignesh-sundaresan-known-as-metakovan-on-paying-69-million-for-beeple-nft.html.

24 See United States v. Harmon, No. 19-CR-395-BAH, 2021 WL 1518344 (D.D.C. Apr. 16, 2021) (explaining the role of cryptocurrency “tumblers” in relation to multi-count money-laundering indictment against the operator of a tumbler service). For a general overview of the difficulty of tracing the ownership history of cryptocurrencies, see P. Vigna and C. Ostroff, Why Hackers Use Bitcoin and Why It Is So Difficult to Trace, Wall Street J. (July 16, 2020) available at https://www.wsj.com/articles/why-hackers-use-bitcoin-and-why-it-is-so-difficult-to-trace-11594931595.

25 See, e.g., Lucas Matney, CryptoPunks NFT bundle goes for $17 million in Christie’s auction, TechCrunch (May 11, 2021), available at https://techcrunch.com/2021/05/11/cryptopunks-nft-bundle-goes-for-17-million-in-christies-auction/.

26 See John Bohannon, Why criminals can’t hide behind Bitcoin, Science Magazine (Mar. 9, 2016), available at https://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin.

27 See Study on Cryptocurrencies and Blockchain, E.U. Pol’y Dep’t for Economic, Scientific and Quality of Life Policies 17 (2018), available at https://www.europarl.europa.eu/cmsdata/150761/TAX3%20Study%20on%20cryptocurrencies%20and%20blockchain.pdf.

28 Id. at 17.

29 Id.

30 Id

31 See id. at 46.

32 See John Bohannon, Why criminals can’t hide behind Bitcoin, Science Magazine (Mar. 9, 2016), available at https://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin.

33 See Mark Rash, Bitcoin Tumbling Leads to Multicount Indictment, Security Boulevard (Feb. 27, 2020), available at https://securityboulevard.com/2020/02/bitcoin-tumbling-leads-to-multicount-indictment/.

34 Toshendra Kumar Sharma, How is Blockchain Verifiable by Public and Yet Anonymous?, Blockchain Council (last visited May 2, 2021), available at https://www.blockchain-council.org/blockchain/how-is-blockchain-verifiable-by-public-and-yet-anonymous/.

35 See id.

36 See Fin. Crimes Enf’t Network, U.S. Dep’t of the Treasury, FIN-2019-G001, Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies 21 (2019), available at https://www.fincen.gov/sites/default/files/2019-05/FinCEN%20Guidance%20CVC%20FINAL%20508.pdf; see also 31 U.S.C. § 5330; 31 C.F.R. § 1022.380.

37 See United States v. Harmon, 474 F. Supp. 3d 76 (D.D.C. 2020) [Harmon I]; Harmon II, No. 19-CR-395 (BAH), 2020 WL 7668903 (D.D.C. Dec. 24, 2020); Harmon III, No. 19-CR-395 (BAH), 2021 WL 1518344 (Apr. 16, 2021).

38 Harmon I, 474 F. Supp. 3d at 82, 109 (quoting Usha R. Rodrigues, Law and the Blockchain, 104 Iowa L. Rev. 679, 712 n.224 (2019)).

39 See Joint Mot. to Continue Trial and Pretrial Dates, ECF No. 89, United States v. Harmon, No. 19-CR-395 (BAH) (D.D.C.).

40 According to Tim Swanson, Head of Market Intelligence for the London-based blockchain firm Clearmatics: “NFTs are just another way of achieving the same goal, of breaking down the provenance and walking away with ‘clean’ or screened coins.” See Simon Chandler, Money Laundering Might Taint NFTs Too, Prepare for Tighter Controls, CryptoNews (Mar. 27, 2021), available at https://cryptonews.com/exclusives/money-laundering-might-taint-nfts-too-prepare-for-tighter-co-9689.htm.

41 Id.

42 See Top NFT Marketplaces: Beginners Guide, DappRadar (Apr. 4, 2021), available at https://dappradar.com/blog/top-7-nft-marketplaces-beginners-guide (“OpenSea is the first and biggest peer-to-peer NFT marketplace for crypto goods. You can think of it as eBay on the blockchain.”).

43 Fin. Crimes Enf’t Network, U.S. Dep’t of the Treasury, FIN-2021-NTC2, FinCEN Informs Financial Institutions of Efforts Related to Trade in Antiquities and Art 1 (2021), available at https://www.fincen.gov/sites/default/files/2021-03/FinCEN%20Notice%20on%20Antiquities%20and%20Art_508C.pdf.

International Browser Video games Market Report 2021: Main Gamers Embrace King Digital Leisure, NCSOFT, GungHo On-line, Zynga, Tencent, Microsoft, Activision Blizzard Inc., Sega, Sony and Peak Video games

The “Browser Games Global Market Report 2021: COVID-19 Impact and Recovery by 2030” Report was added ResearchAndMarkets.com Offer.

Major players in the browser games market are King Digital Entertainment, NCSOFT, GungHo Online, Zynga, Tencent, Microsoft, Activision Blizzard Inc., Sega, Sony Corporation and Peak Games.

The global browser games market is projected to grow from $ 23.81 billion in 2020 to $ 24.99 billion in 2021, with an average annual growth rate (CAGR) of 5%.

The market is projected to reach $ 34.47 billion in 2025 with an annual growth rate of 8%.

The rapid increase in the number of active players around the world is driving the browser game market. According to the League of Betting, the number of online gamblers is projected to reach 1 billion by 2024, up from 877 million in 2020. According to the online gaming report as of 2019, gamers play an average of seven hours and seven minutes a week, but younger gamers spend a lot more time playing games, while 26- to 35-year-olds play 8 hours 12 minutes a week.

Germany and the United States were linked with the highest number of players playing for more than 20 hours at 11.6% per week. Hence, the rapid increase in the number of active players around the world is expected to drive the browser game market.

Player frustration from slow downloads is the main limiting factor in the browser game market. The time it takes to download games has been reported as the world’s biggest problem. 33.8 percent said this is the main problem.

Seasoned gamers are most concerned about download speed. Over 41% of ambitious professionals and experts indicate that experienced gamers are more likely to play more complex games that require larger downloads. The download performance affects their games more from experience.

According to the 2019 Online Gaming Report, frustration with download speed is highest in the US, where 39.4% of gamers register sluggish downloads as a primary concern. Hence, the frustration of gamers from slow downloads is expected to hamper the growth of the browser game market.

The story goes on

The browser games market covered in this report is divided into cellphone games, pay-to-play games, free-to-play games, pay-in-play games by type, and by end-users in smartphone and tablet, PC, TV, etc. divided.

Companies in the browser gaming market are focusing on technologies like Augmented Reality (AR) and Virtual Reality (VR) to improve the gaming experience and offer better products. Industry experts expect VR / AR games to get a big boost in 2019 and headset prices to become more affordable for an even more immersive gaming experience. Many popular games are likely to incorporate VR and IR.

Stormland, which was released in 2019, is an open world shooter. It has some great features like reloading and updating that use VR technology in very creative ways. It also includes a play area that has been procedurally created to ensure that each playthrough is different.

Pokemon GO is probably the most popular augmented reality game and is expected to release some new updates in 2019 to ensure it stays strong for a while. Niantic Labs, developer of the Pokemon Go game, has already raised $ 225 million in the company’s funding round and is now focused on developing more AR-based games.

In September 2020, Microsoft Corporation, a US-based technology company, acquired ZeniMax Media for $ 7.5 billion in cash. With this acquisition, Microsoft will grow from 15 to 23 creative studio teams and add Bethesda’s franchise to Xbox Game Pass. ZeniMax Media, an American video game holding company based in Rockville, Maryland.

Main topics covered:

1. Summary

2. Market characteristics of browser games

3. Market trends and strategies for browser games

4. Effects of COVID-19 on browser games

5. Browser Games Market Size and Growth

5.1. Historic Global Browser Games Market, 2015-2020, Billion US Dollars

5.1.1. Driver of the market

5.1.2. Restrictions in the market

5.2. Global Browser Games Market Forecast, 2020-2025F, 2030F, Billion US Dollars

5.2.1. Driver of the market

5.2.2. Restrictions in the market

6. Market segmentation for browser games

6.1. Global Browser Games Market, Segmentation By Type, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

  • Mobile games

  • Pay-to-play games

  • Free games

  • Pay-in-play games

6.2. Global Browser Games Market, Segmentation By End User, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

  • Smartphone and tablet

  • Pc

  • TV

  • Other

6.3. Global Browser Games Market, Segmentation By Operating System, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

7. Browser games Market regional and country analysis

7.1. Global Browser Games Market Split by Regions, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

7.2. Global Browser Games Market Split by Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

Mentioned companies

For more information on this report, see https://www.researchandmarkets.com/r/269tvt

View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005288/de/

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Stephen King Highlights Two Reveals As ‘Unbeatable Leisure,’ And They’re Each Streaming

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Stephen King is not only one of the most prolific and popular writers of the past 50 years, but also someone who is never afraid to make his opinion known about pop culture. It’s something he’s been doing for decades as his pull quotes can be found in a wide variety of films, books, and more. In the past few years he has used social media in one of these ways. Hell, he’s been briefing his followers over the past few weeks how excited he is for M. Night Shyamalan’s new film, Old and how much he loves the Servant series on Apple TV + (which Shyamalan produces funny enough).

Now he’s back and starts a quick new post on his personal one Twitter Page – and this time he highlights one of the best adaptations of his books (Mr. Mercedes) and a show he enjoys without a personal connection (The Sinner). Check out his tweet below!

Billie Jean King memoir “All In” to be revealed in August | Leisure

NEW YORK (AP) – Billie Jean King has a memory this summer and she calls it a journey to her “authentic self”.

Alfred A. Knopf announced on Thursday that “All In: An Autobiography” would be released on August 17th. It will cover the highlights of her acclaimed and groundbreaking tennis career, including her 39 Grand Slam titles and her loss to Bobby Riggs in the famous “Battle of the Sexes” match in 1973.

77-year-old King will also write about her activism for women in tennis and beyond, as well as private struggles like eating disorders and recognition of her sexual identity. She was married to Larry King (unrelated to the late broadcaster) for more than a decade before being withdrawn from circulation in 1981. She said she wasn’t entirely comfortable being gay until she was 51.

“The first thing I knew was that the world I wanted didn’t yet exist,” writes King in her book, based on an excerpt from Knopf. “It would be up to my generation to make it.”

King is also the author of “Printing Is a Privilege: Lessons Learned from Life and the Battle of the Sexes,” published in 2008. King published a memoir in the early 1980s entitled “Billie Jean King: The Autobiography “says she kicked it out at the urging of her then-manager, who was worried about her finances after her trip.

“This book was incomplete and written at a time when I was unwilling to share my truth,” she said in a statement to The Associated Press. “‘All In’ is the first full portrait of my life told in my own words.”

“All In” is edited by Jonathan Segal, who worked on memoirs by Andre Agassi and Arthur Ashe.

King Road Cove Begins Providing Dwell Leisure at Decreased Capability | Enterprise

Publisher’s Note:The Chronicle is working to help local businesses suffering from the effects of the spread of the COVID-19 virus and related government orders to close or restrict trade. Each issue of The Chronicle and at will feature a feature on a local business chronline.com move forward. To be considered, send an email to the newsroom at news@chronline.com. In addition, The Chronicle will continue to offer its coverage of the coronavirus and its impact across the community, state, and nation outside of our paywall chronline.com.

After nearly a year of closure, the King Street Cove performance center in Centralia was alive last Thursday with the music of local musicians as the cove is 25% busy, according to state entertainment restrictions.

King Street Cove’s owner Jamie Kaiser bought the former synagogue, which was built in the 1930s, with the aim of restoring the old building and creating a place for local musicians to showcase their talents.

The entertainment venue provides musicians with a place to perform with quality sound and lighting equipment.

“My real passion is supporting musicians, so I do sound and light. They spend their entire lives sitting on the edge of the bed and practicing, and I believe my goal is to honor them for the practice and the dedication they have put in, “Kaiser said.

Renovations to the music venues were completed in late 2019 to early 2020, but the bay had to close shortly afterwards due to the COVID-19 pandemic.

“Last week we had about 22 people here and it was great … it’s kind of an open mic until we get some steam,” Kaiser said.

There are many professional musicians who have chosen King Street Cove because it’s a place that is much more conducive to live performance than a bar environment, Kaiser said.

“When you’re trying to sing a song that you wrote and there are darts and pool tables, people screaming and playing soccer games, we’re trying to create a nice music environment where people can sit back and enjoy and have a glass of it can wine, ”said Kaiser.

Kaiser is getting on the shows as COVID-19 restrictions allow and hopes to have live entertainment on Thursdays, Fridays and Saturdays and to show movies on Sundays.

There is no fee for the Thursday night shows, but there is a donation box to support the musicians.

Tickets will go on sale when the bay is full of concerts.

“I like it when people show their talents, whatever they are – poetry, reading or singing. We had people come and paint pictures while people sing, just to show their art, ”Kaiser said.

King Street Cove seats approximately 150 people upstairs at full capacity. There is also a cafe on the ground floor that serves drinks during the shows. The cafe will eventually serve food as COVID-19 restrictions relax and proper approvals from the Department of Health are sought.

Kaiser said the bay is always open to partnering with the Fox Theater for entertainment. The two venues joined forces late last year to host live streaming concerts in support of local entertainment professionals, but had to postpone the event due to stricter COVID-19 restrictions put in place in December.

Scott Stolarz, executive director of the Fox Theater, said the live streaming concerts will be postponed for some time in March.

“The aim of these live streaming concerts is to support the creative industries and give musicians the opportunity to perform and to supplement some of the loss of income from the shows that did not take place last year,” said Stolarz.

More information on the upcoming live streaming concerts will be announced early next week, Stolarz said. King Street Cove will continue to host open mic events on Thursday evening at 7 p.m. and will post announcements of additional events on their Facebook page @kingstreetcoveWA.

King Street Cove is located at 200 S. King St. in Centralia.

Larry King left fortune to youngsters | Leisure

Larry King left his £ 2 million estate to his children.

The veteran broadcaster died last month at the age of 87 and his handwritten will is now out, dated October 17, 2019, two months after filing for divorce from seventh wife Shawn Southwick King and less than a year before his Two children, Andy and Chaia, died within three weeks last summer.

The document requested that Larry’s entire estate be divided equally between his descendants Andy and Chaia, as well as Larry Jr., 59, Chance (21) and Cannon (20).

According to People, it read, “This is my last will and will. It should replace all previous scriptures. In the event of my death, I want 100% (written over illegible strikethrough words) of my money every day after the above date to be equal Share to be shared among my kids Andy, Chaia, Larry Jr., Chance & Cannon. “

Larry Jr. has applied to be appointed administrator of his father’s estate, finding that his father divorced the mother of his half-siblings at the time of his death.

Larry was hospitalized in December after contracting the coronavirus, but Shawn previously announced that he had died of sepsis and “beat” the virus before he died.

She said, “It was an infection, it was sepsis. He was finally ready to go, I’ll tell you. You know, he never wanted to go, but his cute little body was just, it had just been hit so many times with so many things and when we heard the word COVID all our hearts sank. But he hit it you know he hit it but it took its toll and then finally the unrelated infection hit him, but boy, he wouldn’t go down easily. “

HOLLIFIELD: Larry King will miss the Robotic Apocalypse | Leisure

“A super-intelligent machine that controls the world sounds like science fiction,” said Manuel Cebrian, co-author of the study and head of the research group. “But there are already machines that do certain important tasks independently, without programmers fully understanding how they learned to do it.”

According to this theory, the Great Robot War, the Robot Apocalypse, and the Robot Order of the New World lie before us.

My biggest grief when this happens is that Larry King is unable to record the event in his own style. Maybe, maybe there is another columnist out there who could fill his shoes and braces.

“Angelina Jolie, who was seriously injured when an X950 combat robot broke into her fortified compound, tells me she has nothing on the way … I want to say hi to our new robot overlords and let you know if it’s you Looking for people to work with, my good friend Charlie Sheen says he’s ready, willing, and able … These Kraft macaroni and cheese are good things! I lived on it for a week while crouching in the dark … I never knew you could shine a compound fracture with a Lifetime Achievement Emmy, but it seems you can … when does J-Lo leave her latest Publication drop? … “

Thank you Larry King. They showed the rest of us how to do it. We will miss you in the bleak and bleak robot future.

Scott Hollifield, a humor columnist, is the editor of McDowell News in Marion, NC. Write to him rhollifield@mcdowellnews.com.