In 2021, the firm made seven investments and one exit in an early-stage NFT business. On Friday, NFT Investments PLC, a U.K.-based blockchain firm that invests in companies operating in the nonfungible tokens, or NFTs, space, announced that it would no longer pursue a 96 million pound acquisition of Pluto Digital. Although it did not…
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There is a place for the Metaverse in the world thanks to emerging technologies like NFTs, but digital worlds still have a long way to go before being implemented in daily life. It is hard to resist the vision spun to us by Meta (formerly Facebook) and other virtual world platforms. A digital utopia that…
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DAOs appeared as the response to red tape and obsolete approaches in governance. Will regulation in Australia stifle innovations? Lawmakers in Australia want to regulate decentralized autonomous organizations (DAO). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Regulating a decentralized autonomous organization (DAO) as…
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The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom. The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a…
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Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price. After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place. Tech giants launching their own smart contract platforms and regulatory…
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A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.” Bitcoin Operates as Legal Tender in Próspera Próspera, a special economic zone located on…
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Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,” he explained. RBI’s Deputy Governor Discusses Indian Central Bank Digital…
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Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging the fiat currency to gold,…
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Alice Liu, Senior Associate, Cryptocurrency Investments at exchange-traded fund and exchange-traded product sponsor WisdomTree. __________… Read More: When Bitcoin Meets Inflation Read more »Pay, Trade, Buy Bitcoin with Credit Card
Sharyn Alfonsi, a journalist and 60 Minutes correspondent, interviewed Mike Peterson, one of the people who funded the Bitcoin Beach project and encouraged crypto adoption. 60 Minutes, the CBS news show that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10. According to a Friday post…
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