Chinas trials with central bank digital currency (CBDC) show no signs of slowing down, as the updated numbers for October 2021 revealed at Hong Kong Fintech Week. Set out to replace cash in day-to-day transactions, the digital yuan (e-CNY) is gaining traction among individuals and corporates alike, according to PBoCs Digital Currency Institute head Mu Changchun. Speaking at the conference…
On Nov. 2, crypto trading and payments firm Crypto.comrevealed the release of the first authorized UFC nonfungible token. According to the news release, the UFC’s new NFT series will include digital collectibles such as fight night paintings, event posters, championship belts, fighter personas and avatars. On Nov. 4, the collection of NFTs known as UFC 268 Packs will be made…
NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin (BTC) exchange-traded products (ETP). In a rule change proposal with the United States Securities and Exchange Commission (SEC), NYSE Arca proposed to list shares of the Bitwise Bitcoin ETP Trust. The proposal clarifies that each share of the…
Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users. Chainalysis, which was valued at US$4.2 billion at its Series E funding round in June, is a blockchain data research platform founded by Jonathan…
A Connecticut Jury has found that digital assets linked to cryptocurrencies are not securities in what a defense lawyer called a world-first verdict. GAW Miners investor Stuart Fraser was cleared of liability in a fraudulent operation co-opted by ZenMiner LLC on Nov. 1. “It’s the first case that we know of where a jury addressed whether cryptocurrency products were securities,”…
On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours Non-fungible token (NFT) assets have been a hot topic all year long and the…
Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs). Auction Proceeds to Pay for Sanctuary’s Expenses In what has been billed a first, the rhino conservancy — which is home to over 200 rhinos — together with a blockchain technology firm…
Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at $1,500. The data shows that…
sponsored The cryptocurrency market is at an all-time high and the NFT world is booming. ERTHA is one of the hottest P2E (play to earn) gaming Metaverse projects and has already achieved incredible product-market fit, while still being in the private NFT sale round. Erthaverse is a 3D virtual representation of a futuristic planet Earth, divided into 350,000 unique land…
U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a new product called Dynamics 365 Connected Spaces. Microsoft CEO Satya Nadella announced the firms Metaverse plans for Teams and Spaces on Nov. 2 during the Microsoft Ignite conference. The Metaverse enables us to embed computing into…
