Using NFT Marketplaces for Philanthropy

Many different potential use cases for non-fungible tokens (NFTs) have come to light in the last few years, including art, gaming, luxury ownership and collectibles. UniqueOne.Network (UON) has been exploring that since the launch of its marketplace Unique.One, which was created to give economic alternatives to artists around the world who have been affected by COVID-19 lockdowns. The founding team wanted to make sure that those artists played a primary role in the development of the platforms by seeking solutions to common issues in artistic fields such as censorship, copyright,…

12 Year Old Boy Makes $400.000 dollars in ETH by Selling his NFT Owned Weird Whale Art – Blockchain News, Opinion, TV and Jobs

Benyamin Ahmed’s digital Weird Whales went viral and sold like hotcakes after selling tokens of their ownership stored on the blockchain, also called Non Fungable Tokens (NFTs). So far he has made £290,000 ($400,000), in ETH. The young boy created a set of 3,350 whales in the style of a common whale meme seen in the video game Minecraft. A non-fungible token is a unit of data stored on a digital ledger, also called a blockchain, that certifies that a certain digital asset is unique and therefore cannot be interchangeable.…

Why Are Digital Assets Different?

Digital assets, cryptocurrency, decentralized finance (DeFi), non-fungible tokens (NFTs) – they have all been the subject of intense media hype. No doubt you’ve heard of at least a few people who have become wealthy through their investment in digital assets, as well as a few who have lost all or part of their investment. What started with bitcoin has ballooned into a huge array of digital assets, which come with their own technologies, lexicon, risks and loyal followings. Now, you likely have clients who are asking about the possibility of…

Statement on DCMS announcement of next Information Commissioner

The Department for Culture, Media and Sport has today announced that John Edwards is the Government’s preferred nominee to be the next Information Commissioner. John Edwards would succeed the current Commissioner Elizabeth Denham. The appointment is subject to approval by the Digital, Culture, Media and Sport Select Committee, followed by approval by HM the Queen. The announcement also sets out the government’s intention to consult on reforms to the UK’s future data regime, and gives detail of the countries the UK will prioritise striking data adequacy partnerships with. Elizabeth Denham…

Fox Leads Investment in Blockchain Tech Firm Eluvio

Entertainment giant Fox has made a strategic investment in Berkeley, Calif.-based Eluvio to “accelerate the adoption of Eluvio’s blockchain/NFT platform” across the entertainment industry. Terms of the deal were not disclosed, but Fox said its investment marks the completion of Eluvio’s Series A round that values the company at $100 million. Eluvio Content Fabric is a blockchain network “for owner-controlled storage, distribution, and monetization of digital content at scale,” the companies said in a press release. As part of the deal, Eluvio, which was started in 2019, will provide the…

Some Filipino Merchants Prefer Payment in Axie’s SLP

Inside SM Aura, one of Metro Manila’s many sprawling shopping malls, you’ll find a wonderfully whimsical “co-baking” space called Bakebe. Pronounced Bake-be, the idea is borrowed from a concept store in Hong Kong that uses an app to teach guests how to bake the cake of their dreams. Upon arrival, you’re greeted by a gaggle of electric mixers straight out of Barbie’s Dreamhouse, and pink-frosting walls lined with big glass jars, each brimming with edible treasures: chocolate buttons, rainbow sprinkles, mini meringues, cookie crumbles and more. And now, to top…

Blog: As the Children’s code comes in – what’s next?

A blog by Stephen Bonner, ICO’s Executive Director of Regulatory Futures and Innovation 25 August 2021 The transition year is up and the Children’s code comes fully into force on 2 September. It’s a ground breaking code that creates a better internet for children by ensuring online services likely to be accessed by children, respect a child’s rights and freedoms when using their personal data. As you’d expect it’s already having an impact on these services. Facebook, Google, Instagram, TikTok and others have all made significant changes to their child…

Should You Invest in Bitcoin for Retirement?

As the bitcoin market matures, there is an increasing number of options available to add the digital currency to retirement plans. Bitcoin has been consistently gaining momentum over recent years, despite lingering concerns about its high volatility, energy consumption and risk of fraud. Last year, bitcoin (BTC) – the native cryptocurrency of the Bitcoin network – trounced gold and the S&P 500 with a 164% return. Gold, by comparison, rose 21% last year, and the S&P 500 Index gained 13%. Even with the current rebounding post-pandemic economy, bitcoin continues to…

ICO fines company for illegal pensions calls

The ICO has fined Halifax-based company Parkin Beacher Ltd (PBL) £50,000 for making illegal marketing calls to people about their pensions. The business, which operates under the trading name ‘Your Pension Options’, called people about their pensions when they were not authorised to do so. This is against the law. The ban on pensions cold-calling came into force in 2019 making it illegal for companies to make nuisance calls to people about their pension schemes except where: the caller is authorised by the Financial Conduct Authority (FCA), or is the…