In a significant policy shift, Google Play has opened its doors to non-fungible tokens (NFTs) and other digital assets, providing developers with the opportunity to integrate these unique tokens into their apps and games. This decision marks a pivotal moment for the NFT space. It unlocks a world of creative
In an ongoing motion, the House Financial Services Committee has called upon Congress to establish a consistent and clear regulatory framework for digital assets, emphasizing the need for regulatory certainty in the ever-evolving landscape. The motion highlights the jurisdictional challenges between the Securities and Exchange Commission (SEC) and the Commodity
Renowned blockchain expert Emin Gün Sirer has released his written testimony before the highly anticipated House Financial Services Committee hearing. In his testimony, Sirer uncovers the pivotal matters involving blockchains and digital assets while addressing the associated regulatory difficulties. My written testimony for the House Financial Services Committee hearing on
On Monday, the seventh consecutive week of outflows from Digital Asset Investment products accounts for $62M which then totals around $329 million. This indicates the one percent of overall assets under management (AuM). However, on a statistical basis, this coincides with the proportion of outflows seen in earlier 2022. The
The world’s first-ever Bitcoin Tower is about to be launched on May 24 at the COP28 (28th Conference of Parties) meeting as the most innovative project, in Dubai, UAE. This project has been under the developer, Salvatore Leggiero who initiated the creation of a new hotel chain. Elaborating Hotel Chain
The crypto world has witnessed a lot of memecoin entries in recent days. Each of them tries to get attention from crypto enthusiasts through their impressive price surges and ecosystem development. The popular memecoin Baby Doge Coin (BabyDoge) has given a standout performance among the other memecoins. Baby Doge Coin
According to the Forbes report, Kelly Phillips Erb 2 wrote that the President of the U.S., Joe Biden is closing the tax loopholes worth $18B. These loopholes support wealthy cryptocurrency investors. Notably, the $18B could be the harvest tax losses along with the wash sales. We don’t have to guess
After closing in March, Silvergate Capital, a cryptocurrency-friendly bank that served industry giants like Coinbase and Gemini, is continuing to wind down. On Thursday, the company announced it would be laying off 230 workers, leaving only a core group of 80 to oversee the liquidation. A rough year for Silvergate
At the City Week 2023 event on April 25, 2023, the Executive Director of Markets, and Executive Director of International, Sarah Pritchard delivered a speech on the regulation of Digital Assets in the UK. The United Kingdom (UK) is one of the top-ranking countries for crypto adoption. The rise in
On April 6, the first-ever illicit finance risk assessment report of the year 2023 released by the U.S. Treasury Department. Furthermore, this demonstrates the focus on decentralized finance (DeFi) and money laundering services eliciting risk assessment. Meanwhile, the decentralized market intimidates the nation’s security. DeFi Ensures Financial Safety The reports
