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What Next for PFPs, Art and Big Brand NFTs?

<p>While still far from the kind of dizzying bull run that characterized 2021, NFTs have been enjoying an optimistic start to the year. There’s no froth, at the moment, and the atmosphere is relaxed, but there’s plenty of development, trades are happening, and some collections have seen their prices buoyant and rising.</p><p> Underlying...

VCs Not Interested in Blockchain Anymore as Funding Almost Stopped

<p>The second half of 2022 brought a visible slump in investments from VCs (venture capitalists) across all significant blockchain industry sectors, according to the newest report published by Cointelegraph Research.</p><p>Although the value of funding raised for the entire year was greater than $5 billion, which was higher than...

First Binance and Now Coinbase Have Both Been Fined $3.3m in Netherlands

<p>The leading digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> Coinbase has been slapped with a hefty $3.3 million fine by the Dutch central bank, De Nederlandsche Bank (DNB). A fine of an identical amount was...

What Does the Future Hold for Crypto KYC?

<p class="MsoNormal">Crypto KYC has become far more commonplace in 2023. This is due to crypto companies becoming an increasingly significant element of the financial system, while terms like BTC, ETH, of NFTs have also become broadly known across the world.</p><p class="MsoNormal">Virtual asset service providers (VASPs for short)...

Crypto Platform Luno Sheds 35% of Workforce

<p>Luno, the digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> based in London, announced a massive workforce reduction yesterday, feeling the harmful effects of the prolonged crypto winter and turbulence in the...

Crypto Trojan Horses

<p>A Trojan Horse is an object that looks inviting or desirable but is used to smuggle in something hidden that the receiver wouldn’t otherwise have accepted.</p><p> In the world of crypto, Bitcoin’s price action has been referred to as a Trojan Horse. In this case, buyers are first attracted by the digital currency’s historically...

BlockFi Has $1.2 Billon FTX, Alameda Exposure

<p>Bankrupt crypto lending platform, BlockFi has mistakenly uploaded uncensored financial information, revealing its exposure to $1.2 billion to the now-collapsed FTX and Alameda Research, <a href="https://www.financemagnates.com/cryptocurrency/blockfi-sues-sam-bankman-fried-over-robinhood-stock-collaterals/" target="_blank" rel="follow">two...

Binance Stored Users' Fund with B-Tokens Collateral by ‘Mistake’: Report

<p>Binance, the world’s biggest cryptocurrency exchange by trading volume, admitted to storing customers’ funds and the collateral of some of the tokens it issues by "mistake." </p><p>According to Bloomberg, Binance issued 94 Binance-peg tokens, also called ‘B-Tokens’. However, almost half of the reserves of these tokens are kept...

Stablecoins Will Re-Enter Japan? FSA Works on Regulations

<p>Japan intends to allow local investors to trade foreign stablecoins, such as USD Coin (USDC) or Tether (USDT), by the end of the second quarter of 2023 at the latest, The Financial Services Agency (<a href="https://www.financemagnates.com/tag/fsa/" target="_blank" rel="follow">FSA</a>) reported.</p><p>Stablecoins and...

Bitfinex Offers Crypto Cards-as-a-Service Product from Tap Global

<p>Bitfinex, one of the leading crypto exchanges, has become the first client for Tap Global and its newest Cards-as-a-Service (CaaS) platform. With the latest B2B product, companies can offer their clients prepaid debit cards to enhance their offerings.</p><p>Tap Global Partners with Bitfinex</p><p>According to Tuesday's...

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