In brief Non-fungible tokens (NFTs) are unique digital assets that are generally used to represent works of art and collectibles. A recent NFT boom attention has seen many individual NFTs sell for upwards of $1M each, with one selling for close to $70 million. Non-fungible tokens, or NFTs, are changing the way we think about art—and investors are starting to…
BTC’s attempt to reclaim $40,000 was thwarted by bears, but any consolidation within the current range could benefit small and large-cap altcoins. Source: https://cointelegraph.com/news/price-analysis-2-21-btc-eth-bnb-xrp-ada-sol-avax-luna-doge-dot
KB Asset Management launches Digital Asset Management Preparatory Committee to preemptively research digital assets utilizing AI-based investment strategy. Outsourced chief investment officers (OCIOs) will be considered, including Fidelity and Grayscale. Asset management goals are low-correlation to traditional assets, principal guaranteed products backed by digital assets, and a digital asset index. South Korea’s largest bank, KB Bank, announced its Digital Asset…
California State Senator Sydney Kamlager, representing the 30th Senate District including parts of downtown Los Angeles, has introduced a bill which would amend the state’s code to allow for the acceptance of cryptocurrencies for certain payments. According to Senate Bill 1275 introduced in the California Legislature on Feb. 18, Kamlager proposed authorizing a state agency “to accept cryptocurrency as a…
Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Feb. 21, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the legislative process precedes the bill’s introduction…
Indian authorities have arrested 11 people in connection with a crypto scam that allegedly duped would-be investors out of $5.36 million (₹400 million). According to the Times of India, Nagpur police conducted a dramatic commando raid in Lonavala, arresting four individuals and seizing gold, “high-end vehicles” worth roughly $134,000 (₹10 million), a laptop, $25,000 in cash, eight cellphones, and a firearm…
The Cointelegraph Top 100 continues to bring you the most influential, analytical and artistic people who shaped the crypto industry in 2021. While 2022 has been a rough ride so far, last year had enough ups and downs to prepare a Top 100 list that also portrays the crypto and blockchain landscape of one year in history. It’s impossible to…
A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the startup’s CEO, Do Kwon. U.S.…
Russia’s Ministry of Finance has submitted a draft bill on Bitcoin regulation in the country, weeks after the government approved the concept of creating legislation specifically for cryptocurrencies. “The use of digital currencies as a means of payment on the territory of the Russian Federation will continue to be prohibited,” the Ministry of Finance said in a statement Monday. “Under…
Bitcoin was trading lower to start the week, as markets were anticipating the release of U.S. president Biden’s executive order on cryptocurrencies. Ethereum also remained in the red, and continues to track at multi-week lows. Bitcoin Bitcoin prices were almost 12% lower from the same point last week, as prices fell for a sixth straight day on Monday. Following a…
