The Bank of Korea discovered that its central bank digital currency (CBDC) could process up to 2000 transactions per second, which is considerably below what the standard centralized ledger database provides. The central bank of the Republic of Korea together with the issuer of the Korean Republic won, the Bank of Korea (BOK), is allegedly… Continue reading Bank Of Korea (BoK) Scales CBDC Test Programs To Global Remittances And NFTs
Tag: regulation
Industry Executive Highlights Why NFT Fraud Protection Falls On Brand Not Marketplaces
Brands that issue nonfungible tokens must hold the biggest responsibility to protect themselves and their investors from NFT fraud, according to an NFT security executive. Nonfungible token (NFT) marketplaces need to commit to fighting fraudulent NFTs. However, brands should be held as far more responsible for protecting NFT investors. BrandShield CEO Yoav Keren said that… Continue reading Industry Executive Highlights Why NFT Fraud Protection Falls On Brand Not Marketplaces
Taiwanese Musician “Jeff Huang” Refutes Misconduct Claims Tabled by ZachXBT
On June 17, 2022, ZachXBT, a renowned cyber detective in the decentralized finance (DeFi) space, accused Jeff Huang, a famous Taiwanese musician and blockchain personality, of gross misconduct in over ten crypto projects. These include the mysterious missing of the infamous 22,000 ETH Formosa financial ICO’s funds in 2018. Jeff Huang, the Mach Big Brother,… Continue reading Taiwanese Musician “Jeff Huang” Refutes Misconduct Claims Tabled by ZachXBT
COVID-19 Turned Shanghai NFT City, As OpenSea Listed Hundreds During Lockdown
The latest data analysis confirmed that Shanghai, China’s central coast city and global financial hub, experienced robust non-fungible tokens (NFT) adoption during the Covid-19 pandemic. In response to escalated pandemic-related lockdown at the time, Shanghai residents listed hundreds of artworks on the NFT marketplace OpenSea. During the recent outbreak of the Covid-19 pandemic, Shanghai experienced… Continue reading COVID-19 Turned Shanghai NFT City, As OpenSea Listed Hundreds During Lockdown
US Senator Lummis Excludes NFTs In Her Crypto Bill As Apecoin Integrates Polygon
On May 3, 2022, Cynthia Lummis, the United States Republican Senate Representative for Wyoming, revealed some of the key constituents of her highly anticipated crypto bill that she is currently preparing. In an exclusive short Livestream hosted by Axios, the Senate Representative for Wyoming spoke about the importance of definition and weeding out nonviable altcoin… Continue reading US Senator Lummis Excludes NFTs In Her Crypto Bill As Apecoin Integrates Polygon
NFTs Uses Cases Today Versus In The Future
Although non-fungible tokens (NFTs) education was the key topic at NFT LA, the event also allowed the exploration of current use cases existing today while providing a glimpse into the future of NFTs. Alex Salnokov, the co-founder and head of product at NFT marketplace Rarible, said that the NFT space is currently undergoing a massive… Continue reading NFTs Uses Cases Today Versus In The Future
Annual NFT Conference “NFT LA” Reviews NFT Adoption And Their Future On Web3
The annual conference prepared to extensively discuss the adoption of the non-fungible tokens (NFT) ended well last week. The NFT LA meeting brought together several crypto experts weighing in their thoughts on Web3, innovative use cases, and the future of non-fungible tokens. It is worth noting that non-fungible tokens exploded in popularity early last year… Continue reading Annual NFT Conference “NFT LA” Reviews NFT Adoption And Their Future On Web3
The Future Of NFTs In China
Harris Sevinc, a chief technology officer at a blockchain game firm utilizing NFT and metaverse-centric concepts, The Unfettered, believes that China is still hostile to digital assets. However, its residents are obsessed with blockchain technology, the move that has attracted many investors to continue harnessing blockchain-based projects such as NFTs that do not depend entirely… Continue reading The Future Of NFTs In China
China’s Delay To Ban NFTs Increases Hope For Investors
NFTs are still legal in China. The Chinese government now shows no intentions restricting all things crypto, as was highlighted last year when the country declared a total ban on digital assets. In that case, the uncertainty now surrounds the rapidly flourishing crypto-related industry non-fungible tokens (NFTs) market. There is a continued silence from the… Continue reading China’s Delay To Ban NFTs Increases Hope For Investors
Malaysian Top Government Official Urges The State To Legalize Cryptos And NFTs
NFTs are revolutionizing the digital space. The Ministry of Communication and Multimedia (KKMM) is purportedly pushing for general adoption of digital assets, with the deputy minister now calling on the Malaysian government to establish a legal framework for both crypto and non-fungible tokens (NFTs). According to a Harian Metro report, a local news agency platform… Continue reading Malaysian Top Government Official Urges The State To Legalize Cryptos And NFTs