Singapore’s central bank, the Monetary Authority of Singapore (MAS), is contemplating imposing stricter rules on retail crypto investors. “MAS regards cryptocurrencies as unsuitable for use as money and as highly hazardous for retail investors,” said the central bank chief. New Rules May Be Coming to Retail Crypto Investors in Singapore Ravi Menon, the managing director of the Monetary Authority of…
CME Group today launched euro-dominated Bitcoin and Ethereum futures on its derivatives marketplace. The new product will complement the dollar-denominated cryptocurrency counterparts and is sized at five Bitcoin and 50 Ethereum per contract, the company said in its announcement Monday. CME Group is the world’s biggest derivative exchange. In derivatives, “futures” are a type of contract where an investor has…
In brief Tech entrepreneur Kevin Rose’s Web3 startup Proof is the creator of the smash NFT project, Moonbirds. The rapidly-expanding startup recently said that it would open up commercialization rights to Moonbirds and Oddities to everyone. The April launch of Ethereum project Moonbirds set the NFT space ablaze, generating $280 million worth of primary and secondary sales within two days…
Kyle Roche, the lawyer at the center of allegations made by website Cryptoleaks about a secret agreement between his firm and Ava Labs, responded Monday in a post on Medium. Like Ava Labs CEO Emin Gün Sirer, Roche denied the existence of any secret agreement between the parties. Roche claimed that the recordings that have been published on Cryptoleaks’ website…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, Q is joined by Jimmy Song, author of several Bitcoin books, to discuss the problems with President Biden’s student loan forgiveness plan. Watch This Episode On YouTube or Rumble Listen To The Episode Here: Q: Given the recent news and the announcement of the…
In brief Solana project DeGods has topped the overall NFT market over the past day while setting a new all-time floor price. The creator’s new NFT project y00ts will launch on Thursday and has attracted celebrities and other high-profile figures. As buzz builds around this week’s launch of the y00ts NFT project on Solana—which has attracted celebrities and crypto influencers…
According to Reuters, on Monday, the Central African Republic’s (CAR) Constitutional Court said that the purchase of citizenship, e-residency, and land using its government-backed Sango digital currency is unconstitutional due to the absence of market value in nationalities. Earlier in July, the CAR’s government unveiled its Sango crypto hub to attract global crypto talent/enthusiasts, boost Bitcoin adoption, and implement new…
Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an announcement could be perceived as hostile,…
On August 29, the digital collectibles company Veve announced that the platform has launched digital variant non-fungible token (NFT) covers from three Marvel comic book artists. Veve and Marvel detailed that the NFT drops called the Marvel Artworks collection will be limited edition, 1-of-1 releases of three Marvel comic covers featuring Spider-Man, and the Black Panther. Veve Reveals Marvel Artworks…
Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets. In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users would have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4…
