The feedback was given in response to a proposed ban by the Monetary Authority of Singapore published back in October. A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens.  On Oct. 26, Singapore’s central bank issued consultation papers...Continue Reading

NFT project executive Alex Altgausen said that if NFT projects are trying to disrupt traditional industries, they should explore storage technologies available in Web3. The image-hosting aspect of nonfungible tokens (NFTs) needs major improvements. First, people saw NFTs on FTX breaking after it declared bankruptcy. More recently, NFTs on the marketplace Magic Eden showed some...Continue Reading

NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboards and empowers users with digital self-sovereignty Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in...Continue Reading

The deadline for the base repayment, early lump-sump repayment and intermediate repayment was also moved from July 31 to Sept. 30. Mt. Gox creditors will have more time to decide on which repayment method they want to be paid in and register their payee information at the defunct crypto exchange.  In an announcement dated Jan....Continue Reading

Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover. Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is about 20%,...Continue Reading

A new 100-week “point of control” is appearing below $17,000 as the age-old Bitcoin trading range endures. Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price...Continue Reading

Bitcoin miners appeared to be the model consumers for the ancillary services in the state. During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided...Continue Reading

Wyre was set to be acquired for $1.5 billion by San Francisco e-commerce startup Bolt last year, but the deal was eventually scrapped. Crypto wallet MetaMask is ending support for services of Wyre crypto payment platform amid reports of Wyre planning to shut down operations soon. MetaMask took to Twitter on Jan. 5 to announce...Continue Reading

While the Ad Hoc Committee does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers’ interests are represented. A group of FTX customers has filed a limited objection to FTX’s plan to sell four independently-operated subsidiaries, arguing that they should be privy to the sales...Continue Reading

Around $30 billion was invested into crypto and Web3 startups in 2022, but will it be repeated this year? 2022 was a big year for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher...Continue Reading