China-run media outlet criticizes NFT platform as a payment risk
In the latest response to a growing interest in non-fungible tokens, Beijing Business Today faults an art marketplace.
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Ernst & Young teams up with Polygon on Ethereum scaling
Ernst & Young, one of the Big Four consulting multinationals, announced today it has integrated India-based Polygon, a Layer 2 Ethereum scaling solution, to allow its corporate clients to process blockchain-based transactions on the Ethereum mainnet. Fast facts EY has connected the public Polygon commit chain with EY’s blockchain services including EY OpsChain and EY…
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SEC chair reiterates call for crypto platforms to ‘come in and talk to us’
Ahead of the U.S. Banking Committee’s hearing on the “Oversight of the U.S. Securities and Exchange Commission” today, SEC Chairman Gary Gensler reiterated his call for crypto platforms and projects that have securities to register with the agency. Fast facts In prepared remarks, Gensler emphasized the concerns he sees over the lack of investor protection…
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Solana funds attract strong inflows of $50M despite crypto market correction last week
Institutional investors continued to buy into Solana investment products despite the market correction last week, according to a report by digital asset manager CoinShares. Fast facts Solana prices, which have soared by over 13,000% this year, reached an all-time high of US$213.47 on Sept. 9, according to CoinGecko data. Solana briefly overtook XRP to become…
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The cryptocurrency industry’s liquidity issues — and an effort to solve them
Broctagon Fintech Group is launching what it hopes will become a new global standard for cryptocurrency exchanges to reduce price discrepancies. Will it work?
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CrossTower says it wants to collaborate, not compete, with Indian exchanges
CrossTower became the second international crypto exchange to enter the Indian market last week after Binance made its entry by acquiring WazirX in 2019.
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China state mouthpiece criticizes NFT mania
A sister paper of the People’s Daily, Securities Times, published an opinion piece to criticize non-fungible tokens (NFTs) as hype and suggested the digital assets should serve the real economy by tokenizing actual assets. Fast facts The article offers as an example Justin Sun’s NFT purchase of a digital avatar for US$10.5 million and the…
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Miss Universe Thailand, NFTs join in world first
The Miss Universe Thailand 2021 pageant has partnered with Bangkok-based crypto exchange Bitkub to feature non-fungible tokens (NFTs) as part of the competition, Bitkub announced. Bitkub claims the event will mark the first NFT beauty pageant. Fast facts Bitkub will mint NFT collectible cards of the pageant contestants. The company also will provide participants with…
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Altcoins have their day in the sun as market pulls back
A few altcoins managed to stand out coming into the working week as Solana’s tear comes to an end.
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What are smart contracts and what are they used for?
In this Forkast.News explainer, learn why blockchains with smart contract capability are surging in popularity and the new darlings of investors.