Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May.
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Institutions Will Drive Mass Adoption of Blockchain in Finance, Says Expert
Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure. 1642 Total views 20 Total shares Benjamin Soh, founder of blockchain development firm STACS, said that institutional players, not business-to-consumer companies, will drive the mass adoption of financial infrastructure built on blockchain technology. During the Unitize virtual conference,…

Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion
Canada-based DMG Blockchain Solutions has launched the installation of an 85-megawatt substation for crypto mining expansion, according to an official statement July 26. The DMG crypto mining operation will be implemented on an industrial scale with direct support from the local government and electricity providers. DMG Blockchain Solutions is a multi-sector crypto and blockchain firm…

‘Cryptocurrency Fever’ Has Begun to Diminish, Russian Central Bank Head Says
The head of Russia’s central bank, Elvira Nabiullina, believes that “crypto fever” is beginning to diminish, major Russian news agency RIA Novosti reports Thursday, Oct. 18.Nabiullina, while speaking at finance innovation forum Finnopolis held in the South Russian city of Sochi, said that she believes cryptocurrencies and blockchain are now being treated more rationally:"Fortunately, the…

PoolTogether raises 471 ETH with NFTs to fund legal defense
The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends. 142 Total views 14 Total shares So called “no-loss lottery” DeFi platform PoolTogether has raised 470.90 Ether (ETH) via NFT sales to fund its legal defense against a putative class…

Reddit’s Blockchain Rewards Will Migrate to Ethereum by 2021
Reddit continues to provide more details about its blockchain community points system, which will run on the Rinkeby testnet before moving to the Ethereum network. 3097 Total views 60 Total shares The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year.On May 13, Reddit…

Nigerian SEC mandates local offices for crypto firms
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits, and monitoring.

Blockchain identity platform Humanity Protocol valued at $1.1B after fundraise
With the advent of Web3, decentralized identity solutions (DIDs) are considered key for securing users’ digital footprint.

FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
The recent liquidity crisis at FTX will increase regulatory scrutiny in the crypto industry, which is what institutional investors are seeking, a number of sources told Cointelegraph on Nov. 10.“This event will be used as a cornerstone to spark new crypto regulations, which is good for the healthy development of the industry. A more comprehensive…