Day: May 26, 2023

Digital Currency Group (DCG) is Closing Down TradeBlock

Digital Currency Group (DCG), the parent company of CoinDesk is closing down its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk. TradeBlock was acquired in 2020 by CoinDesk, and was later spun out as its own standalone business. CoinDesk kept the index data operating from the deal, which was rebranded as CoinDesk Indices, and “has proven to be a successful…

EU regulator urges crypto firms to disclose regulatory status of products

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The European Union’s financial watchdog has issued a statement reminding investment firms to make sure their clients are aware of the regulatory status of the products they are offering.  In an announcement, the European Securities and Markets Authority (ESMA) highlighted crypto assets and reminded companies that while regulation is on the way, crypto will remain unregulated in most jurisdictions. The ESMA stated: “Specifically on crypto assets, while the Markets in Crypto-Assets Regulation (MiCA) is close to adoption, crypto assets offered by investment firms will continue to be unregulated in most jurisdictions until MiCA…

Platinium Group is Release NFT F1 Tickets

Elie Zerbib, Co-Founder of Bary told CoinDesk that NFTs in the form of tickets offer buyers transparency, traceability, seamless digital ticketing, personalization and engagement. However, for a sport that has amassed fans from all over the world, easy onboarding is an essential tenet. Source

Dubai calls for more collaboration between watchdogs to combat scams

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dubai’s Financial Services Authority (FSA) has called for more communication and collaboration between global financial regulators to make it harder for rogue actors to exploit crypto regulatory loopholes across various jurisdictions. As bitcoin (BTC) and other cryptocurrencies continue their slow match toward mainstream adoption, with an estimated 420 million people around the world now using these nascent digital assets, the need for amenable regulations that would foster consumer protection and curb illicit practices cannot be overemphasized.…

Grand Theft Auto (GTA) 6 to Incorporate Play-to-Earn Model Featuring Crypto

Recent leaks suggest that the upcoming GTA 6 video game could adopt play-to-earn gaming mechanics that see gamers earn crypto in real life.  According to reports, Grand Theft Auto (GTA) 6 could adopt a play-to-earn gaming and business model. Yesterday, a tweet hinted at this development, as the successful gaming franchise is rumored to release the next iteration in 2024. Although GTA 6 gameplay mechanics and micro-transaction specifics is unknown, observers believe the game could adopt blockchain technology. This approach could see gamers convert funds made during gameplay to money usable…

No ETH to trade? Ethereum exchange balance drops to a 5-year low

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The balance of available Ether (ETH) across crypto exchanges dropped to a five-year low on May 26, bringing the total amount of Ether held on exchanges to 17.86 million. A drastic decline in the exchange supply of ETH like this has not been seen since April 2018. According to Glassnode data, only 14.85% of the total Ether supply is currently held on centralized exchanges, compared with the 25–26% of supply held during the 2021 bull run. The decline in Ether exchange balances. Source: Glassnode The drop in ETH supply began…

Nike NFT Sale Surmounts Technical Issues to Hit $1 Million in Revenue

Although the first round was originally proposed to last for only two days, technical glitches and delays caused it to drag through nine days. Technical issues and unprecedented delays could not deter Nike NFT, OF1 collection, from setting mind-blowing records with its highly-anticipated sale. This follows after the NFT sale, which began just over a week ago, is reported to have officially raked in over $1 million. Debuting on Nike’s .SWOOSH Web3 platform, Our Force 1 (OF1) collection began selling on May 15. That was about a week later than…

TikTok Joins Conversational AI Race, Now Trialing Tako In-App

Despite the future fears being nursed, TikTok said it is still building out the responses and feedbacks from the AI. TikTok, the short video content social media offshoot of Chinese technology firm ByteDance is reportedly conducting test trials for its in-app Artificial Intelligence (AI) chatbot named Tako. As reported by TechCrunch, the public became aware of the testing through AI intelligence firm Watchful.ai after which they were also confirmed by TikTok. The development of user friendly artificial intelligence chatbot is becoming a major push for platforms around the world today.…

Bitcoin reaches ‘decision point’ — 4 BTC price metrics to watch

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Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, says a new analysis. In findings uploaded to Twitter on May 26, Checkmate — lead on-chain analyst at Glassnode — revealed a BTC price showdown in the making. Analyst warns Bitcoin bulls “not doing anything” Struggling near key trend lines, BTC/USD is giving an increasing number of long-time market participants cold feet this month. As downside price predictions flow in, on-chain analysts’ attention increasingly focuses on short-term holders (STHs) when it comes to where the…