Day: February 22, 2023

Enterprise blockchain is transforming business operations and reducing costs: Web3 exec

Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, and transparent data sources and has gained traction across industries as businesses seek efficiency and cost reductions. Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation, spoke to Cointelegraph about how blockchain for enterprise is transforming global markets and industries. Barbosa noted blockchain technology has already demonstrated its value in various enterprise use cases, such as provenance tracking, logistics, and cross-border payments. By providing efficiency…

OpenSea implements 0% fees: Nifty Newsletter, Feb 15–21

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In this week’s newsletter, read about how eBay’s nonfungible token (NFT) platform launched a new creator smart contract. Learn how OpenSea plans to win back its users from its competitor, Blur, and check out why Yuga Labs was accused of intellectual property (IP) theft over the wolf skull logo. In other news, find out how NFTs will act as “high-end properties” during the market booms, and don’t forget this week’s Nifty News, featuring an NFT artist receiving $150,000 for a meme on Ordinals.  eBay NFT platform KnownOrigin launches creator smart…

New Canadian rules for crypto trading platforms leave little room for stablecoins

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The Canadian Securities Administrators (CSA) published a notice on Feb. 22 describing new commitments it expects from crypto asset trading platforms (CTPs) seeking registration in Canada. The CTPs will enter into a new version of preregistration undertakings (PRUs), which are legally binding documents. Registered CTPs will be contacted by their principal regulators about compliance with the new expectations.  The new commitments represent investor protections in light of the spate of CTP insolvencies that occurred in 2022, the CSA wrote. The new commitments touch on issues that include segregation of assets,…

Dapper Lab’s NBA Top Shot Moments may qualify as a security, says U.S. judge

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Updated (Feb. 22 at 9:00 pm in UTC): This article has been updated to include Dapper Lab’s comments on the case.  NBA Top Shot Moments nonfungible tokens (NFTs) may be considered a security, as it meets the requirements under the United States security laws, according to court filings on Feb 22.  The decision comes as federal judge Victor Marreo denied a motion from Dapper Labs CEO Roham Gharegozlou to dismiss a class action lawsuit claiming its NBA Top Shot NFTs are securities. Upon denying the motion, the court authorized the…

Tencent Cloud signs multiple collaboration agreements with blockchain firms

According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it had concluded multiple agreements with blockchain firms to support the active development of the Web 3.0 ecosystem. Firstly, Tencent Cloud signed a memorandum of cooperation with decentralized blockchain infrastructure provider Ankr to jointly develop a series of blockchain API services for remote procedure call nodes. The new service will be deployed on Tencent Cloud’s infrastructure and will provide connections to mainstream blockchains building on Web 3.0 games and…

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager – Bitcoin News

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According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale Plan Could Impact Bankruptcy In a filing in bankruptcy court registered on Feb. 22, 2023, the U.S. Federal Trade Commission (FTC) detailed that it is investigating the marketing schemes of the crypto firm Voyager Digital. “The FTC has commenced…