Crypto News in 60 Seconds
November 2, 2022
NFTs are classified as financial assets in Hong Kong, which also requires licencing. In a recent advising paper, Hong Kong’s Securities and Futures Commission (SFC) acknowledged NFTs as “collective investment schemes” as opposed to collectibles. NFTs now fall under the SFC’s purview as a result of the recognition. The regulator views NFTs as extremely risky […]
October 27, 2022
An injunction issued by the Singapore High Court prevents the sale or transfer of BAYC #2162 NFT. The Singapore High Court has issued an order prohibiting the sale of a non-fungible token (NFT) belonging to the Bored Ape Yacht Club (BAYC), which one individual believes was unfairly taken away from him. A Singapore citizen […]
October 13, 2022
The NBA and Sorare Collaborate to Create a Licensed NFT Game. French fantasy gaming startup Sorare has struck a deal with the National Basketball Association (NBA) to develop a non-fungible token (NFT) game under its license. The company, which has already signed similar agreements with a number of European soccer leagues, including North America’s Major […]
October 3, 2022
Singapore’s new attitude toward cryptocurrencies As recently as last year, Singapore was preparing to emerge as a significant cryptocurrency centre. However, in reaction to the market’s slump and liquidity issue, regulators are hardening their stance. Sopnendu Mohanty is the chief fintech officer at the Monetary Authority of Singapore (MAS), the country’s central bank, according […]
To include NFTs into its products, Uniswap Labs buys Genie. The decentralised exchange’s development team, Uniswap Labs, declared that it has acquired Genie, the first NFT marketplace aggregator ever created. The acquisition of Genie, according to the company’s release, would broaden the Uniswap (UNI) ecosystem and incorporate NFTs as well as ERC-20 tokens into its […]
July 12, 2022
Playboy Joins The Sandbox Virtual World, with NFTs and Special Events to be featured in the Lifestyle Firm’s Metamansion On July 11, Playboy, a lifestyle and entertainment company founded in 1953, announced a licensing partnership with The Sandbox, a virtual world based on blockchain. The two companies described the newly formed partnership as one that […]
June 28, 2022
There are rumours that Celsius CEO Alex Mashinsky tried to leave the country. According to unconfirmed sources, Celsius CEO Alex Mashinsky made an effort to flee the country last week. In response to “extreme market conditions,” Celsius declared a freeze on withdrawals on June 13. Before this, some users had complained about issues with money […]
June 20, 2022
NFT Sales Slid More Than 74% Lower Than the Month Before in the Digital Collectibles Industry While digital currencies have been hit hard this month, non-fungible token (NFT) sales have fallen by 74.44 percent in the last 30 days. NFT sales have dropped 17.33 percent in the last seven days compared to the previous […]
Christie’s NFT chief has been hired by Yuga Labs to oversee CryptoPunks. Noah Davis, Christie’s head of non-fungible tokens, has joined Yuga Labs to handle the famed CryptoPunks collection, which Yuga Labs recently purchased. He announced his move to Yuga Labs as the CryptoPunks Brand Lead on Twitter. He also emphasized that there would be […]
June 2, 2022
In the ‘First-Ever Digital Asset Insider Trading Scheme,’ the US arrests a former employee of the Opensea NFT Marketplace. The US Department of Justice (DOJ) has charged an employee of non-fungible token (NFT) marketplace Opensea with the “first-ever digital asset insider trading conspiracy,” according to the department. The Department of Justice said on Wednesday […]
After denouncing the digital collectible concept, Kanye West files trademarks describing NFT technology. The American musician Ye (also known as Kanye West) is getting into the world of non-fungible tokens (NFTs) and the metaverse, according to trademark filings with the United States Patent and Trademark Office (USPTO). Mascotte Holdings Inc., the record producer’s company, […]
May 29, 2022
NFT Gaming App Stepn to Block Mainland Users Due to Chinese Crypto Regulations Anti-crypto rules in China have apparently caused the non-fungible token (NFT) game Stepn to ban mainland users as of July 15. Stepn’s in-game coin was said to have plummeted by 38% shortly after the announcement. Beginning July 15, mainland Chinese users of […]
