Abu Dhabi’s crypto and blockchain businesses are expected to grow exponentially and attract international investors, more so from the United States. The registration authority of Abu Dhabi Global Market (ADGM) has issued a consultation paper seeking feedback on its proposed new framework for distributed ledger technology (DLT) market and token issuance. The regulatory authority has set Friday, May 12 as the deadline for providing feedback on the proposed legal framework. Afterward, the regulatory agency will review the feedback and later the ADGM Board of Directors will present the final form…
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Abu Dhabi Global Market’s Financial Free Zone Publishes Consultation Paper for DLT Projects, Decentralized Autonomous Organizations (DAO)
“This Consultation Paper is of interest to any persons operating or planning DLT projects, persons engaging in digital asset related activities and their legal advisors, as well as DLT industry participants, associations, and stakeholders,” the document said. Source
AT&T Stock Tanks 7% as Free Cashflow Tanks and Wireless Growth Slows in Q1 2023
AT&T’s free cash flow dropped significantly as a result of which the stock price took a severe beating on Wall Street in Thursday’s early trading hours. During the early trading hours on Thursday, April 20, the stock price of telecom giant AT&T (NYSE: T) came crashing down by more than 7%. As of press time, the AT&T stock is trading 7.26% down at a price of $18.28. Today’s price crash in AT&T pushes the stock into negative territory on the year-to-date chart. Factors That Affected AT&T Stock The recent action…
Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions – Economics Bitcoin News
Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the discounted Russian crude. Russia and India Negotiate New Trade Agreement Russia and India are negotiating a new Free Trade Agreement (FTA) to increase the trading integration between the two countries, which has thrived after the establishment of Western sanctions on…
Mastercard Unveils Web3 Music Accelerator and Drops Free NFTs
Mastercard’s Music Pass NFTs are key to unlocking the Mastercard Artist Accelerator Program, a Web3 platform giving free access to educational materials. Earlier this week on Wednesday, April 12, the popular payments giant Mastercard stated that it will be releasing non-fungible tokens (NFTs) in order to help Web3 musicians access the resources to help them boost their careers. The announcement came at NFT.NYC 2023, the largest NFT conference in the world. Dubbed Mastercard Music Pass NFT, it is developed in coordination with the Polygon network and free to mint. Mastercard…
Mastercard Drops Free NFTs, Launches Web3 Music Accelerator
“As a company, we hope to help people and partners around the world better understand and trust how blockchain and digital assets are used – and how our technology can support the ecosystem,” said Rajamannar. “We also believe that Web3 can be a powerful tool in connecting people and building communities around shared universal passions.” Source
OpenSea collector pays 100 ETH for a free NFT: Nifty Newsletter, April 5–11
In this week’s newsletter, find out why a nonfungible token (NFT) collector paid $192,000 for a free NFT. Check out how community members responded as Reddit deployed its contract for its Gen 3 NFT avatars, and how a previously unreleased David Bowie track has been turned into an NFT. In other news, discover how LooksRare plans to compete with rival NFT marketplaces through a new upgrade, and how NFTs can unlock a biodegradable vinyl record. Reddit deploys Gen 3 NFT avatar contracts on Polygon Social media forum site Reddit has…
FTX Free to Explore Sale of Europe Arm, Swiss Court Decides
FTX Europe AG, the holding company of FTX’s European business, filed a petition for a Swiss moratorium proceeding, which the court granted on Tuesday, according to the announcement. A moratorium proceeding, under Swiss law, enables debt restructuring or the preservation of assets for a limited time. Source
DCG’s Bitcoin Mining Subsidiary To Stop Offering Free Services
Digital Currency Group’s (DCG) Foundry will soon stop offering free services to its customers. The Bitcoin mining firm will begin charging a pool fee from its members starting April 19, 2023. Foundry has provided its mining pool services for free since its inception in 2019. Foundry, the Bitcoin mining firm owned by the Digital Currency Group (DCG) is set to suspend free services for its clients later this month. The decision to start charging fees is likely motivated by the losses and liquidity issues that Barry Silbert’s crypto conglomerate has…
OpenSea collector fat fingers a 100 ETH bid for a free NFT
A nonfungible token (NFT) trader has seemingly fat-fingered a trade for a free NFT, buying it for 100 Ether (ETH), currently valued at $191,239, representing a 250,000% increase on the floor price of 0.04 ETH. The token was part of NFT marketplace OpenSea’s Gemesis NFT collection — free NFTs intended to commemorate the launch of OpenSea Pro on April 4. OpenSea Pro is a marketplace aggregator tailored to professional users by providing them with what OpenSea calls “a vastly improved” suite of features such as live cross-marketplace data and advanced…