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” Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza “ Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return for shelling out close to $6,000, a purchaser received an…
” Question of centralization faces growing crypto insurance industry “ Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem. Investopedia reports that cryptocurrency insurance is seen as a “big opportunity,” with a spokesman from one of…
” Japanese e-commerce site adopts BTC and XRP payments for used cars “ SBI Motor Japan, a subsidiary of SBI Africa Co., Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and XRP. As per the announcement by SBI on Monday, the development marks the first time XRP cryptocurrency…
” Indian central securities depository to back up its monitoring of bonds by blockchain “ The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform. NSDL officially launched the distributed ledger technology (DLT) platform on Saturday, May 7, during its 25th anniversary presentation, alongside the Securities and…
” Quelle surprise: Central African banks scold the CAR for Bitcoin adoption “ The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a letter addressed to the CAR Finance Minister…
” From smart insurance to on-chain document verification: Here’s how NEAR aims to improve Kenya “ Kenya-based blockchain community Sankore has partnered with Swiss nonprofit NEAR Foundation to launch a regional hub that aims to develop talent within the region and build projects that aim to improve the local ecosystem. Sankore supports projects like Kilimo…
” Binance takes legal action against fake billboard ads in Turkey “ Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings. Turkey is home to a large number of crypto investors that account for…
” Plain talk about NFTs: What they have been and what they are becoming “ There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article…
” Utah Governor approves of blockchain and digital innovation task force “ After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force. The Utah State Legislature first saw the introduction of…
” For the crypto industry, supporting sanctions is an opportunity to rebrand “ One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system. On March 12, Russian banks lost access to the…