Will of the People, the upcoming Muse NFT album, is the newest chart-eligible album format to be added in seven years. The upcoming Muse NFT album will be the latest chart-eligible album format since 2015. Prior to this album concept, the last format to be accepted by international charts was album streams. Nonfungible token (NFT)...Continue Reading
British financial watchdog will tighten the guidelines for promoting high-risk products to individual investors. British Financial Conduct Authority (FCA) demands clearer and more prominent risk warnings from the companies marketing high-risk investments. Certain investment incentives, such as refer a friend bonus, will be banned altogether. In a note published on Aug. 1, the FCA has finalized...Continue Reading
Scammers are using fake crypto apps to steal funds from investors. Some malicious apps find their way into official app stores. Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology. And, according to the latest FBI fraud report, fraudsters are using fake crypto...Continue Reading
Many blockchain companies now believe that regulation is inevitable, but theres a growing debate over where to draw the line between protecting users and strangling the lifeblood out of the industry or forcing it outside the United States. Whether we like it or not, regulation is coming, Sheila Warren of the Crypto Council for Innovation...Continue Reading
Gibraltar-based cryptocurrency exchange Huobi has received the regulatory greenlight to offer its services in Australia. Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to...Continue Reading
Croatia has been enjoying the growing cryptocurrency adoption despite the ongoing crypto winter, Konzum’s director of business applications Ines Barbir said. Payments in cryptocurrencies like Bitcoin (BTC) have been on the rise at Croatia’s largest supermarket chain Konzum this year despite the ongoing bear market. After debuting crypto payments in 2021, Konzum has seen an...Continue Reading
Market corrections and bear markets both involve price declines, but knowing how to differentiate between the two is crucial in protecting your investment portfolio. Market correction vs. bear market To summarize, here are some of the key differences between the two: While corrections and bear markets can be daunting, remember they’re normal occurrences within a...Continue Reading
Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor. Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO. The...Continue Reading
Bitget’s reasoning behind using a combination of a stablecoin and Bitcoin in the protection fund is to counter massive unforeseen volatility in crypto markets. With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list...Continue Reading
Binance CEO Changpeng ‘CZ’ Zhao has stressed the importance of market liquidity after various countries ask for segregated order books. Binance CEO Changpeng ‘CZ’ Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries. The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various...Continue Reading
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