7 key developments in blockchain capital markets in 2021
In the second installment of a 2-part report, Lucas Schweiger of Blockdata examines the most notable current trends in blockchain and capital markets.
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Japanese crypto scam leads to arrests after investors fleeced of US$54M
Police in Aichi Prefecture in central Japan have arrested four men on suspicion of crypto investment fraud, according to a report by Kyodo News. Fast facts According to a person familiar with the matter, it was suspected that a total of at least 6 billion yen (US$54 million) was collected from more than 20,000 people…
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China explores ways to classify cryptocurrency crimes
A Shanghai procuratorate has held a seminar gathering judges, police, procurators and scholars to discuss how crimes related to cryptocurrency fit into China’s current legal framework. Fast facts The procuratorate said in a post on Monday that there had been confusion as to how to categorize cryptocurrencies. Some consider them data, while others regard them…
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Warner Bros., Nifty’s release ‘Space Jam’ movie NFTs
Non-fungible token platform Nifty’s has announced a partnership with Warner Bros. to launch a giveaway of limited-edition NFTs of characters from the upcoming film “Space Jam: A New Legacy.” Fast facts Space Jam is one of the first major films for which collectible NFTs have been offered. Warner Bros. will give one limited-edition NFT to…
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Bull run or BS? Where will crypto markets go after the Bitcoin crash?
Soaring BTC and altcoin prices earlier this year drew in new investors, who now worry about the current slump. Will crypto prices rise again, or are modest valuations here to stay?
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UAE central bank announces roadmap for CBDC launch
The United Arab Emirates plans to implement a central bank digital currency as early as 2023 Gulf News reports, as outlined in a road map for the Gulf State’s economic future. Fast facts This 2023-2026 roadmap includes seven objectives — including the CBDC rollout — with the aim of making the UAE one of the…
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Gravity DEX brings DeFi into Cosmos network’s orbit
Cosmos’s DeFi capital pulling power is set to get stronger as Gravity DEX launches, with Gravity Bridge and the Emeris DeFi portal on the way.
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Diamond sets record for most expensive object bought with crypto
A 101.38-carat diamond sold at auction in Hong Kong has become the most physical object ever to have been purchased using cryptocurrency, Bloomberg reports. Fast facts The HK$95.1 million (US$12.3 million) sale price nevertheless fell short of the expected US$15 million price, auctioneer Sotheby’s said. A spokesperson for Sotheby’s told Forkast.News it was unable to…
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Hong Kong manga finds virtual home on blockchain as authorities silence publishers
NFTs offer haven as authors self-censor amid intensifying crackdown on free expression.