Day: December 11, 2021

IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Border Collaboration’ – Regulation Bitcoin News

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The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated” is authored by Tobias Adrian, Dong He, and Aditya Narain from the IMF’s Monetary and Capital Markets Department. Noting that “Crypto assets and associated products and services have grown rapidly…

Bitmart pledges to reimburse hack victims as crypto community voices support

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As regulatory uncertainty continues to plague the global digital asset ecosystem, there are many anti-crypto proponents who continue to harp on the fact that the industry as a whole has a long way to go when it comes to securing itself in a manner that is anywhere comparable to the traditional finance system. Now, with the recent Bitmart hack coming to light, these individuals have been given even more firepower. To recap, on Dec 5, cryptocurrency exchange Bitmart was on the receiving end of a major hack that saw the…

Metaverse opens the gateway for luxury NFTs to become a multi-billion market

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The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium brands are jumping on this fast-moving train, investing in their new digital collectibles businesses. As more aspects of people’s lives are moving online, the demand for digital fashion and goods will increase significantly in the…

The 10 (Other) Most Crypto Influential

This episode is sponsored by NYDIG. Download this episode CoinDesk has just completed its list of 2021′s 50 Most Influential people. On today’s episode, NLW shares that list, and then adds brief commentary on 10 more people or groups that he might have included, including Dylan LeClair and Will Clemente, Punk 6529, Visa’s Cuy Sheffield and more. See also: Most Influential 2021: Jack Mallers “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by…

5 Ways to Earn Passive Income From NFTs

Note, however, that NFTs and the underlying smart contract technology is still relatively new. As such, many of the applications providing the opportunities highlighted in this article are in their formative stage. In light of this, it is advisable to carry out due diligence and understand the risks involved before adopting any of the above-listed strategies. Source