The U.S. Securities and Exchange Commission (SEC) is focusing on bringing cryptocurrency exchanges “inside the investor protection remit,” Chairman Gary Gensler has revealed. “If the trading platforms don’t come into the regulated space, it’d be another year of the public being vulnerable,” he stressed. SEC Focusing on Regulating Crypto Exchanges The chairman of the U.S. …
Tag archives: Bitcoin
Gensokishi’s Metaverse (MV) token breaks the sellout record on TrustPad
GensoKishi’s Metaverse (MV) token set a new record on TrustPad for selling out in under 20 seconds of entering First Come, First Served (FCFS). GensoKishi Online “META WORLD” is a new GameFi version of the iconic game Elemental Knights that won the “Game of the Year” Gold Award in Taiwan back in 2012. Record-breaking IDO …
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Legal Thoughts on the Metaverse (I): Intellectual Property Rights | Footprint Analytics
About the Metaverse For the last year, the metaverse has become a flashpoint of blockchain hype, culminating in Facebook renaming itself Meta, with the support from Cryptovoxels, one of the well-known projects in the Metaverse track. Metaverse is the abbreviation of meta + universe. It first appeared in the 1992 novel “Snow Crash” by Neal …
JPMorgan reveals Ethereum’s main rival in NFT
Analysts at JPMorgan have stated that Ethereum’s dominance in the NFT space is being threatened by the Solana blockchain which has witnessed tremendous growth in the past year. Ethereum dominance in NFT is being threatened According to the report, the bank reiterated that the dominance of Ethereum in spaces where it used to reign supreme …
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Bitcoin sits at the last level of crucial price support
Trading activity on Wednesday indicates that Bitcoin bulls are fighting hard to keep the market price of bitcoin (BTC) above the crucial support level at around $42,000. According to data from IntoTheBlock, the IOMAP (In/Out of the Money Around Price) reveals that bitcoin currently sits at the last level of crucial support. Many Bitcoin addresses …
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Report: Meta and Instagram Are Exploring an ‘Early Stage’ NFT Feature
Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.” Meta and Instagram Are Reportedly Experimenting With NFT Tech A report …
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Crypto.com Reveals 483 Accounts Compromised in Recent Hack — $34 Million in Bitcoin, Ether Stolen
Crypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack Postmortem and CEO’s Comments Crypto.com revealed Thursday the number of users affected by the …
Spellfire Oversubscribed Twice, a Staggering $3.8M Raised
sponsored Spellfire Re-Master the Magic, a modern take on classic collectible card games, has completed its private funding round, raising a staggering $3.8 million. Leading investors DAO Maker and Shima capital, are joined by Genblock, IBC group, Faculty group, IBA, Maven Capital, Autonomy Capital, Terranova ventures, x21 Digital and others who initially funded the project, …
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Opensea Acquires Dharma Labs, Co-Founder Is Named New CTO
Opensea, one of the biggest NFT marketplaces globally, recently announced it is acquiring Dharma Labs. The price is believed to be between $110 million and $130 million. As a result of the new agreement between the two companies, Nadav Hollander, a co-founder at Dharma Labs, will become the new chief technology officer (CTO) at Opensea. …
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ESMA vice-chairman calls for ban on proof-of-work crypto mining
In an interview with Financial Times Vice-chairman of European Securities and Markets Authorities (ESMA) Erik Thedèen urged EU regulators to restrict the usage of the proof-of-work model while mining cryptocurrency. Thèedeen further stated that extensive usage of the proof-of-work mining model poses serious harm to the environment and should be banned to promote a sustainable …
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Google Pay hires former PayPal executive to expand crypto services
According to Bloomberg, Google Pay, one of the leading digital wallets for payments, has hired former Paypal executive Arnold Goldberg, in a bid to expand and accelerate its crypto operations. Goldberg will be responsible for heading Google’s payment division to expand the firm’s financial service domain which also includes cryptocurrency-related services. Google hires ex PayPal …
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Opera Internet Browser is BETA testing a Crypto Browser to integrate Web3 applications
The world of Web3 is heating up and some of the major internet players are getting involved in the action. Opera, a Norwegian-based internet browsing company, has announced that it is BETA testing a new crypto-focused browser that will be available immediately for Windows PC, Mac and mobile phones. This has the potential to be …
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says. Bitcoin Mining Now Attacked in EU for Burning Too …
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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon …
Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse
Microsoft, the software behemoth, announced today it had completed a deal to acquire Activision Blizzard, one of the biggest game developers and publishers in the gaming world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important franchises like “Call of Duty,” “Candy Crush,” “World of Warcraft,” and …