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July 25, 2022

Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says

Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says

Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line. Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still […]

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GameStop ‘Falling Man’ NFT saga shows people’s power at its finest

GameStop ‘Falling Man’ NFT saga shows people’s power at its finest

While GameStop faced the heat for an insensitive NFT listing, OpenSea had the Falling Man NFT listed on its platform for over two months. A recent nonfungible token (NFT) listing on GameStop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community, which prompted the marketplace to

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BRAZIL’S LARGEST INVESTMENT BROKER TO OFFER BITCOIN TRADING IN AUGUST: REPORT

BRAZIL’S LARGEST INVESTMENT BROKER TO OFFER BITCOIN TRADING IN AUGUST: REPORT

In partnership with Nasdaq and BitGo, XP Inc. will offer bitcoin trading services leveraging cold storage custody solutions on a new platform. Brazil’s largest investment broker, XP Inc., will begin offering bitcoin trading next month. The broker will offer its trading services on a new cryptocurrency trading platform developed alongside Nasdaq. BitGo will serve as

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Facebook’s stumbling ad business lies at the center of tech earnings week

Facebook’s stumbling ad business lies at the center of tech earnings week

KEY POINTS Facebook parent Meta will report second-quarter earnings on Wednesday, sandwiched in between the other Big Tech companies on Tuesday and Thursday. Facebook’s online ad business has been hurt by Apple’s iOS update and a weakening economy. Snap reported disappointing earnings last week, raising concern about what’s in store for Meta. It’s earnings palooza

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Metaverse Giants Collaborate to Form DAO Metaverse Alliance

Metaverse Giants Collaborate to Form DAO Metaverse Alliance

The blockchain metaverse giants have collaborated to form the DAO Metaverse called “Open Metaverse Alliance for Web3” (OMA3), which aims to bring together multiple virtual worlds to solve the key challenges of the metaverse and maintain users’ freedom of information. Game developers joining the consortium of the Open Metaverse Alliance for Web3 include Animoca Brands, a developer

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Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales

Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales

According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.” Law Firm Seeks Investors Who “Suffered Losses” From Yuga Labs Products The

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