Day: November 23, 2021

Not All NFTs Are Securities

Innovation is evolving and the utilization of NFTs are boundless and hence should be examined use case by use case. For example, NFTs provide authentication so we can utilize NFTs to authenticate any certificate – a college degree, a marriage license, a deed or a title. These digital certificates or documents, although they use blockchain technology and tokenization, are not “assets” in the sense that they have a market value. Tokenization does not change the purpose and function of these documents – they are still certificates, with the advantage of…

Not All NFTs Are Securities

Innovation is evolving and the utilization of NFTs are boundless and hence should be examined use case by use case. For example, NFTs provide authentication so we can utilize NFTs to authenticate any certificate – a college degree, a marriage license, a deed or a title. These digital certificates or documents, although they use blockchain technology and tokenization, are not “assets” in the sense that they have a market value. Tokenization does not change the purpose and function of these documents – they are still certificates, with the advantage of…

How Avalanche Has Climbed It’s Way Towards The Top

If you’ve been paying attention to the broader crypto market lately, you might’ve noticed the emergence of Avalanche (AVAX). While many of the biggest coins in crypto have been experiencing some slight declines, most of which have come after ridiculous gains throughout the year, Avalanche has been outperforming peers by leaps and bounds. If you’re not familiar with the blockchain, spearheaded by Ava Labs, now might be the time to get acquainted. The $AVAX token has found it’s way to aggressively challenging the top 10 cryptos by market cap –…

Hackers wipe out Coinbase customer accounts

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s Eamon Javers joins Shep Smith to report on Coinbase customers who lose their investments after hackers break into their accounts and steal the cryptocurrency from their accounts. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.…

Bank of England Governor Touts CBDCs Over Stablecoins: Report

The governor of the Bank of England (BoE), Andrew Bailey, said that exploring a central bank digital currency (CBDC) would be better for financial stability than asset-backed stablecoins, which the banking chief said he was “skeptical” about. Speaking at a House of Lords’ Economic Affairs Committee on Tuesday, Bailey said a CBDC would be a better alternative than evolving towards “some world of (asset-) backed stablecoins which has money-like features which could be regulated,” Reuters reported. Bailey told the Lords Committee the BoE would not be moving into the retail…

Brazil’s Largest Crypto Exchange Owner Plans Latin American Acquisitions: Report

2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, is looking to make strategic acquisitions to achieve its goal of expanding into Argentina, Chile, Colombia and Mexico, 2TM CEO Roberto Dagnoni told Bloomberg Tuesday. The company is looking to become a provider of blockchain infrastructure for financial markets in Latin America, Dagnoni told Bloomberg. He added that 2TM was also looking to offer custodian and fund management services, among others. 2TM has already acquired several companies in Brazil and increased its headcount from 200 to…

‘Crypto-States’ Will Compete With Corporates in the Metaverse

The rapid experimentation of blockchain-based DAOs as crypto-cities and states is demonstrating innovative ways to link the digital and the physical. Fundamentally, the battle between an open, decentralized, crypto metaverse and a closed, extractive, corporate metaverse comes down to the hardware, as to how people will access digital worlds. Kong Land is an example of a crypto-state with the community, manufacturing capabilities and expertise to compete for an open metaverse. Source

Founder of Africa-Focused Media Firm Urges Continent’s Governments to Embrace Crypto – Defi Bitcoin News

The founder of Africa-focused media and investment company Footprint to Africa, Osita Oparaugo, has urged governments on the continent to embrace cryptocurrency. Africa Must Not Be Left Behind Osita Oparaugo, founder of Footprint to Africa, has argued that a timely embrace of cryptocurrencies by African governments would be beneficial to the continent’s growth prospects. In his remarks published by the Vanguard, Oparaugo, who was co-host of a Decentralized Finance (defi) event in Nigeria, suggested that African countries cannot afford to lag behind when it comes to crypto. After noting the…

French Luxury Fashion Brand Givenchy Drops 15 NFTs on OpenSea

French luxury fashion house Givenchy has dropped 15 non-fungible tokens (NFTs) created in collaboration with the graphic artist Chito on the OpenSea marketplace. The sale of the NFTs will be through a seven-day simulated auction starting Tuesday. This mark’s Givenchy’s first foray into the NFT market. Givenchy’s creative director Matthew Williams worked with Chito to create the NFTs, which Givenchy said can be used as online avatars or profile pictures. Proceeds raised from the NFT auction will go to Givenchy’s charity partner, The Ocean Cleanup, a nonprofit developing technologies to…

The ‘Bitcoin City’ Fantasy

This past weekend, El Salvador President Nayib Bukele announced plans for the world’s first “Bitcoin City.” The municipality will be set up like a tax haven for wealthy crypto investors – no income, property, capital gains or payroll taxes, only a 10% value-added tax (VAT) – and pay for its keep partially by net-zero, volcano-powered bitcoin mining. Construction will be financed primarily by a $1 billion bitcoin bond issued on Blockstream’s Liquid network, a Bitcoin sidechain. Here’s how that may play out. Bd. Buenos dias. A stream of sunlight filters…