DAOs may be where all the action takes place, but the genesis of new Web3 communities popping up on the scene starts at the NFT. Nonfungible tokens (NFTs) are giving Web3 communities the tools to transform user participation. The Web3 world has been watching NFTs grow up. These digital assets have evolved from hype-centered digital...Continue Reading

CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance’s FTX Tokens saying they’d rather “stay in the free market.” Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance appears disinterested in Alameda Research’s offer to buy out the crypto exchange’s FTX Token (FTT) holdings. Zhao responded to a question on...Continue Reading

XRP investment products have seen a third consecutive week of inflows, suggesting investors may be increasingly confident of Ripple’s victory. Recent developments in the Ripple vs Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP-tied investment products, according to investment data from CoinShares’ head of research James Butterfill.  In its...Continue Reading

The list comes out as part of Australia’s 2022 Scams Awareness Week. Australia’s market regulator has released a list of the “top-10 ways to spot a crypto scam,” amid a detected rise in crypto-related investment scams this year. The Australian Securities and Investment Commission’s (ASIC’s) public advisory statement was published as part of Scams Awareness Week...Continue Reading

The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them. Royalty enforcing NFTs to be a ‘new asset class’: Magic Eden CEO Jack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic...Continue Reading

The last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter. Two digital asset exchange-traded fund (ETF) issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter, though some remain bullish about the...Continue Reading

Russia’s Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system. The Central Bank of Russia (CBR) is looking at ways to integrate crypto assets and blockchain technology into its local financial system amid a pile-on of global financial sanctions. In a...Continue Reading

Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers. Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Force’s (FATF’s) “grey list.” According to a Nov. 7 report from Al Jazeera,...Continue Reading

The Financial Accounting Standards Board made a change in October to help public companies that hold cryptocurrencies on their balance sheets. In his regular column, J.W. Verret, a law professor, attorney, CPA, and head of the Crypto Freedom Lab covers law and regulation of cryptocurrency with a focus on decentralized finance (DeFi) and financial privacy....Continue Reading