Search results: NFT

What will be the law of the metaverse?

The legal and ethical dilemmas plaguing technology today will only grow more acute in the metaverse, writes Brian Harley. How will real-world laws apply?

New York City pride parade will also be marching through the metaverse

LGBT event organizers see the metaverse as technology of the emerging Web3.0 world that opens doors and opportunities for marginalized communities.

Crypto winter ushers in account freezes as platforms feel the chill

Top blockchain and crypto news: Investors snowed in as liquidity crunch hits. Solend harpoons anti-whale maneuver. Chinese NFTs prove a tricky target.

STEPN’ing it up with crypto move-to-earn

Enticed by promises of crypto rewards, Joel Stein hits the streets of Los Angeles with a beautiful NFT sneaker. What does he earn — and learn?

Crypto self-custody is no longer a choice. It’s an imperative.

Celsius and Babel Finance’s freezing of customer accounts highlights the risks of intermediaries, writes Nick Saponaro. Crypto users should take back control.

Game theory: What’s holding back an explosion of play-to-earn?

Despite its rising popularity, GameFi has lessons to learn from Web 2.0 and elsewhere before it can gain a comparable user base, says Ethlas chief Wui Ngiap Foo.

3AC foreclosure concerns grow; Fed boost short lived

BlockFi’s Zac Prince says they have fully liquidated 3AC positions. Meanwhile, Hong Kong’s central bank works with the Bank of Israel to study CBDC security.

Crypto on a roller coaster as market braces for Fed guidance on rates

Crypto markets posted some gains in Asia trading after a pummeling this week, but the sentiment shifted back to negative as markets across the board try to second-guess the Federal Reserve’s thinking on interest rates.

Bitcoin, Ether bear brunt of market selloff amid fears of Fed rate increase

Still recovering from the Terra-LUNA debacle that wiped off billions of dollars in investor wealth, people sold off cryptocurrencies amid a market slump over expectations that the Fed will act faster to tame inflation.
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The metaverse isn’t a fad but part of the future economy

An open and interoperable metaverse economy will drive consumer activity — and it’s on a similar track for growth as e-commerce, writes Ben Caselin of AAX.

On the shoulders of a giant: How a huge state fund is nurturing Web3

Singapore investment behemoth Temasek has been in the digital asset space for several years, and it’s doubling down on its commitment, says its blockchain chief.

Do Kwon and Terra lose appeal to impede SEC investigation

The order said Do Kwon and Terraform Labs had sufficient contact with the US for the Securities and Exchange Commission to investigate it for possible violations of federal securities laws.

Crypto buyers in emerging economies find themselves caught between a rock and a hard place

Cryptocurrencies can offer citizens in emerging economies a potential buffer against runaway inflation and financial mismanagement by governments. But buying them increasingly means navigating onerous regulations and punishing taxes.

Binance comes out swinging as report links it to money laundering

Top blockchain and crypto news: Binance BNB slips amid allegations. STEPN marches through attacks. Is China’s slowdown straining crypto prices?

Hold onto your crypto bags, the regulators are coming

Falling prices, an imploding stablecoin, and more reports of hacks have occupied the cryptocurrency headlines in recent weeks, so it’s perhaps no surprise that regulators have noticed and they intend to do something about it.

With Artaverse, Hong Kong seeks to regain global arts influence

In hosting one of Asia’s largest outdoor NFT art exhibitions, the city — battered by lengthy quarantines and protests — is seeking to revolutionize the way art is presented.

How the bear market could accelerate the Web2 to Web3 migration

The downturn is forcing Web3 firms into a reset — and opening opportunities for Web2 entrepreneurs to enter the playing field, writes Lily Z. King of Cobo.

Cool with the rules: Why the crypto sector should embrace regulation

The prospect of tighter codes for the crypto industry has given some players the jitters. Others, such as Crypto.com’s Eric Anziani, see it as an opportunity.

Why blockchain gaming needs more rules and regulations

The right balance of regulations can better protect gaming companies’ intellectual property as well as players’ assets, writes Henry Chang of Wemade.

Philippines gets new government, will new crypto taxes follow?

Cryptocurrency companies in the Philippines await legislation from the new Ferdinand Marcos Jr. administration on how the government will tax the industry. Some are worried.
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India’s CBDC plans; Stablecoins vs CBDCs

The Reserve Bank of India explores digital rupee options. Meanwhile, Terra’s new Luna coin drops significantly since launch.

How DAOs are remaking capitalism into a community-owned economy

Fueled by seismic shifts in societal values, decentralized autonomous organizations are now poised to go mainstream, writes Hannes Graah of Gro.

Why DBS’ move into the digital asset space is more than a token gesture

The Singapore-based banking behemoth may have found its reach constrained in retail crypto markets, but it still has big plans, CEO Piyush Gupta tells Forkast.

Terra 2.0 delayed; India’s Non Fungible League

StepN limits their services in China. Meanwhile, Terra 2.0 poses questions relating to investor trust.

How can I become a metaverse real estate mogul?

If buying a home is the American Dream and key to building wealth, what is that like in the metaverse? Crypto newcomer Joel Stein finds out.

Are we heading for a post-Terra crypto winter?

Terra’s LUNA and UST implosion is dragging down an already ailing market. What do other developments suggest about crypto’s long-term future?

Terra cofounder Do Kwon’s taxing questions; China’s underground mining

Terra co-founder responds to office closure allegations. Meanwhile, China re-emerges as a crypto mining hub despite 2021 ban.

Mastering the metaverse: TradFi’s space race to ‘the next internet’

Blockchain was once associated overwhelmingly with cryptocurrencies — and specifically its poster children, Bitcoin and Ethereum. The latter, in particular, has thrust the industry forwards into the realm of smart contracts integration.  Ethereum started to bear fruit arguably most prominently last year amid a boom in non-fungible tokens (NFTs), while decentralized finance (DeFi) offered a […]

G7 calls for regulation; Bored Ape transfer blocked

South Korean LUNA investors file lawsuit against Terra. Meanwhile, Singapore’s High Court blocks sale of a Bored Ape NFT.

A bipartisan case for why the US needs a Web3 regulatory overhaul

In a special op-ed, 2 former CFTC chiefs and a crypto executive make the case for why the US must prioritize policies that support the new Web3 economy.
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Blood moon: Terra’s LUNA rescue plan panned by industry, investors

Top blockchain and crypto news: Terra puts down the fork. Bitcoin loses its shine in Singapore. China’s miners dig in.

Singapore’s Temasek says doesn’t own Bitcoin, but prepping for tokenized assets

The Bitcoin community got a lift last year when it was reported Singapore’s sovereign wealth fund had bought Bitcoin. The company told Forkast in an interview that they do not own BTC, but they are keen on blockchain investments.

Gimme shelter: Crypto companies head offshore as they hanker for regulation

A developmental shift in the cryptocurrency industry is ushering in geographical shifts among crypto companies, with a number of businesses abandoning locations once hailed as crypto hubs in favor of jurisdictions with regulatory regimes more to their liking.  Forkast sat down with two of the crypto industry’s rainmakers who are among those spearheading this trend […]

Terra plunges back to earth as UST stablecoin loses dollar peg

Top blockchain and crypto news: UST knocked out of Luna orbit. Making NFTs Instagrammable. China’s black market ‘digital collectibles’ trade.

Covid-19, postponed Asian Games to push digital yuan into the slow lane?

China’s central bank is driving the adoption of the digital currency, but a spate of lockdowns is slowing the economy and raising questions about the rollout.

Run on UST cuts the ground from under Terra’s feet

A probable run on terraUSD (UST) has weighed on the ability of the company and the non-profit behind the pioneering stablecoin project to defend its dollar peg.

How tokenization could transform Hong Kong’s fixed income markets

Tokenizing capital markets could offer greater efficiency and liquidity. How would that work in Hong Kong’s regulatory environment?
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Why Gen Z could turn to DeFi mortgages to build real estate wealth 

Gen Z is already keen on metaverse real estate. Will using DeFi to finance property deals — in the real or virtual world — be the next frontier?

De-layered and durable: How DeFi will boost the finance sector’s resilience

As decentralized finance redefines the way money moves, a do-or-die moment is approaching for traditional finance sector businesses, says Anthony Scaramucci.

FastForkast headlines

HTC launches metaverse phone with Ethereum, Polygon support

Chinese blockchain developer calls crypto a Ponzi scheme

Solana bets on mobile, launches US$1,000 ‘Saga’ Web3 phone

Chinese maker of virtual garment designing software raises nearly US$100 mln

Tencent, Alibaba, ByteDance have the most potential in the metaverse: report

Yahoo, Meta look to Hong Kong for metaverse tests

Japan’s government approves policy to drive Web 3.0 adoption

Litecoin anonymity update gets it booted from South Korean exchanges

FTX, OpenSea make the cut to Forbes Fintech 50

Animoca Brands investments have crossed US$1.5B

Majority of ApeCoin token holders vote to stay on Ethereum

Google approves South Korea’s Cyworld metaverse app

Solana hangs on in crypto top 10 after major outage; DOGE, DOT hot on its heels

Former OpenSea employee arrested amid insider trading allegations

BNB Chain teases out roadmap to boost decentralization, support dApps

Andreessen Horowitz’s crypto, Web 3.0 warchest swells to US$7.6B

Crypto tax preparer CoinTracker launches in India

China’s BSN to launch overseas public chain without crypto support

Beeple’s Twitter account latest victim to phishing scam hacks

Sony Music’s RCA Records Web3 venture breaks into Greater China

Ripple to invest US$100 mln for carbon removal in race to zero emissions

Netflix Sweet Home producer to build K-drama metaverse in the Sandbox

OpenSea delists Solana Okay Bears knockoff Not Okay Bears

Kakao’s Klaytn to build blockchain in China with BSN

Australia’s taxman starts knocking on cryptocurrency investors’ doors

China state paper slams crypto and LUNA crash; applauds crypto ban

Chinese runners offer substitute running to earn STEPN’s GMT for commission

Hong Kong police arrest suspect in nearly US$200,000 crypto theft

South Korea hopes to institutionalize crypto by 2024

China’s industry lobby forms metaverse committee to help draft standards

KuCoin raises US$150 mln at US$10B valuation

Coinbase shares extend free fall on drop in crypto trading, loss

Azuki fortunes reverse as sales soar after floor price drop