Digital Chamber calls for Congress to address SEC actions against NFTs
The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach to NFTs.
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UK plan on digital securities sandbox laid before Parliament
The regulations will take effect on Jan. 8, with the Bank of England and U.K. Financial Conduct Authority operating the sandbox. 246 Total views 1 Total shares The United Kingdom Financial Services and Markets Act’s provisions on a digital securities sandbox are scheduled to come into force in January 2024 after being presented to Parliament.In
The ABCs of Crypto: Teaching the next generation of Web3 users
“How do we onboard the next billion users into crypto?” This is a question that gets thrown around at crypto conferences and metaverse meetups — one that people have been asking for some time. Reaching mass adoption may sound like a daunting task, but crypto media outlets like Cointelegraph help spread the news of what…
Central Bank Digital Currencies Endanger Private Banks, Says Federal Reserve
Central bank digital currencies endanger private banks, warned the Federal Reserve Bank of Philadelphia. 721 Total views 25 Total shares The Philadelphia branch of the United States Federal Reserve has published a new report that warns about the potential effects of issuing central bank digital currencies (CBDCs). In the report, the Fed said that — after…
Angel Drainer reportedly shuts down after devs potentially identified
Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.
China’s Push for Blockchain Adoption Sees First Major Program at a University
The Ministry of Education of China has just granted Chengdu University of Information Technology (CUIT) approval to open the country’s first undergraduate blockchain engineering major. Admission and enrollment will start this year, according to a Chinanews agency report from March 4.China sees blockchain’s potential to impact social economy and information developmentChina’s first blockchain engineering major…
Bitpanda aims to entice crypto investors to TradFi by adding commodities
The exchange now allows crypto investors access to traditional investments such as natural resource commodities like precious metals. 87 Total views 3 Total shares The Vienna-based fintech unicorn Bitpanda is harkening back to the ways of traditional finance (TradFi) through new offerings on its exchange platform.By adding commodities to its list of available investment options,…
Your car insurance salesman is now an AI bot connected to blockchain
A new virtual assistant powered by blockchain can complete insurance contracts without human assistance. 967 Total views 2 Total shares Malta-based virtual assistant firm Vaiot has integrated IBM’s Watson Assistant with the Cosmos blockchain to sell car insurance.The new platform features an end-to-end sales process that does not require human assistance to complete the car…
Crypto contagion deters investors in near term, but fundamentals stay strong
The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a growing number of major crypto entities have been tumbling like dominoes, with the trend likely to continue in the near term.The…