Playboy Coming to Metaverse This Year with MetaMansion

Access to the yet-to-launch virtual world will be open to all but only Rabbitar NFT holders will have access to the “cool places”. Playboy is bringing its popular Playboy Mansion to the Metaverse. Speaking to Decrypt at NFT Paris last week, Playboy’s Web3 lead Liz Suman confirmed that the “Playboy MetaMansion” is set to launch this year. The virtual world will be accessible even to users who are not part of the magazine’s “Rabbitar” NFT-holding community. “It’s been the plan all along for the Rabbitars to be the VIPs of…

Blur runs after OpenSea market share, but its success depends on upcoming governance proposals

Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated 12% toward an early user airdrop in the first season that ran from the marketplace’s gated launch in March 2022 to February 2023. Blur trading volumes (in ETH). Source: Dune  Blur has made a significant…

Cointelegraph partners with Phaver mobile Web3 social app

Cointelegraph is proud to announce its partnership with Phaver, a mobile Web3 social application with over 140,000 monthly users. The partnership will provide daily Cointelegraph content to Phaver users and others across applications built on the Lens protocol. Cointelegraph, the world’s largest crypto media platform, is a strong believer in the emergence of Web3 social media applications.  The partnership with Cointelegraph is a major milestone for Phaver and the Lens Protocol, both of which have been on a mission to develop and grow Web3 alternatives to current social media platforms.…

Prudential Regulatory Authority, the UK’s Banking Regulator, to Propose Rules on Issuing Holding Crypto

CryptoX – Cryptocurrency Analysis and News Portal New standards for PRA-regulated firms will be coherent with rules for other sectors, according to a footnote accompanying the text of the speech. The Basel Committee on Banking Supervision, the banking industry’s global regulator, published a standard on how banks should treat crypto exposure in December. Source The post Prudential Regulatory Authority, the UK’s Banking Regulator, to Propose Rules on Issuing Holding Crypto appeared first on CryptoX. CryptoX Portal

Cryptocurrency Derivatives Trading and Risks

Trading in cryptocurrency derivatives has grown in popularity in recent years. Derivatives are financial instruments whose value is determined by an underlying asset, in this case, cryptocurrencies such as Bitcoin and Ethereum. While derivatives trading can provide investors with a way to profit from price fluctuations in the cryptocurrency market, it is not without risk. This article will go over cryptocurrency derivatives trading and the risks that come with it. Cryptocurrency derivatives are financial instruments that enable investors to speculate on cryptocurrency price movements in the future. Futures contracts, options…

Inflationary vs. deflationary cryptocurrencies, Explained

Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to maintain the supply and incentivize participation in the network. Looking at their monetary systems, cryptocurrencies have various coin-creation and supply mechanisms. Inflationary cryptocurrencies have a steadily increasing supply of coins entering the cryptocurrency market. Typically, there is a predetermined rate of inflation set, which specifies the percentage increase in the currency’s total supply over time. Moreover, the inflationary token’s maximum supply…

Coinbase announces suspension of BUSD trading beginning March 13

Coinbase will suspend trading for Binance USD (BUSD) stablecoin on March 13, the exchange announced Feb. 27 on Twitter. The message mentioned “listing standards” as it announced its decision.  The decision will apply to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange, and Coinbase Prime, according to the tweet thread. The exchange added, “Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.” A Coinbase spokesperson told Cointelegraph: “Our determination to suspend trading for BUSD is based…