Why digital assets are poised to disrupt philanthropy
Charitable giving in Bitcoin and other cryptocurrencies is growing by leaps and bounds. Michael B. Greenwald and Logan Weber explain the risks and benefits.
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Jump in NFT demand reflects crypto prices, right? Wrong
An asset bought and valued in crypto becomes decoupled from crypto prices, a split that reflects the differences between crypto investors and NFT buyers.
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NFTs can upend the music business. Artists should take note
Blockchain technology allows musicians to sell songs directly and earn more per song, writes Adi Ben-Ari of Applied Blockchain.
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India needs to make up its mind over crypto
Although India hoped that taxation would be a step toward regulation rather than a ban, the high tax rates and proposed rules seem to be geared toward dissuading crypto trading.
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CCTV NFTs hit resale market before transfer permitted
Non-fungible tokens (NFTs), or digital collectibles, issued by China Central Television (CCTV), the nation’s largest state-owned broadcast media, are appearing in China’s largest online second-hand market for at least 10 times the original price in a pre-sale bid, even before trade embargoes on the assets have lifted. See related article: China’s mouthpiece newspaper is giving…
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LooksRare trails OpenSea in sales volume as developers cash out $30M
Trading volumes on non-fungible token (NFT) marketplace LooksRare dropped by more than half its daily volume since developers withdrew roughly US$30 million of its native LOOKS token and cashed out in wrapped Ether (wETH) Fast facts LooksRare was averaging daily sales volumes of around US$550 million but fell more than 50% overnight in early February…
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‘Extreme fear’: Bitcoin continues bear run, while Solana is up
Bitcoin, the largest cryptocurrency by market capitalization, continues to tank along with other cryptocurrencies in the global market, with investor sentiment at “extreme fear” at Bitcoin’s Fear and Greed Index. See related article: Bitcoin leads market-wide downturn as Russia fears rise Fast facts Bitcoin is currently down by almost 2% to trade at US$39,185. Bitcoin’s…
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South Korea’s largest financial group mulls crypto ETFs
South Korea’s KB Asset Management launched a committee on Monday that will develop investment strategies for releasing digital asset products such as exchange-traded funds (ETFs). See related article: South Korean banks find workaround to cash in on crypto services Fast facts The ‘Digital Asset Management Preparatory Committee’ aims to be the first to launch digital…
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Azuki, CryptoPunks battle it out for week’s top NFT title
Azuki, an anime avatars NFT collection, is in a tight race with the CryptoPunks for the weekly sales volume title, building on its successful debut month in January, according to CryptoSlam data. See related article: ‘All eyes are on it:’ CryptoPunks at center of copyright legal dispute Fast facts Azuki traded the top spot with…