Day: 23 January 2023

According to a local financial authority, Japan's new legislation permitting investors to trade using stablecoins like Tether (USDT) is set to be approved no later than June 2023. At present, the distribution of stablecoins within Japan is prohibited. However, the Financial Services Agency (FSA) of Japan is working to lift ...

Brian Armstrong, the CEO of Coinbase, recently proposed the idea of Brazil and Argentina adopting Bitcoin as a national currency. This sparked many discussions about the feasibility of using BTC as a common currency, as the two South American nations announced they were preparing to create a single currency. Wonder ...

According to a research report by the renowned investment research firm Bernstein, published on Monday, the recent resurgence in the cryptocurrency market can be attributed to a phenomenon known as mean reversion. Mean reversion theory posits that asset prices, over time, tend to return to their long-term average or mean ...

The South African Advertising Regulatory Board, a self-regulatory initiative by the advertising and public relations industry, has issued new guidelines for crypto advertisements in the country. According to the guidelines, any crypto advertisement must warn potential buyers that their capital may be at risk.  This move by the Board is ...

The European Parliament's Economic Affairs Committee is set to vote on a cross-party compromise concerning the implementation of the remaining elements of Basel III, a worldwide agreement that requires banks to hold additional capital to withstand market fluctuations without relying on taxpayer support.  According to a report, the proposed draft ...

The blockchain industry is constantly evolving, and it is not uncommon to see fluctuations in the value of different cryptocurrencies. However, the recent performance of Layer 1 blockchain Aptos' APT tokens has been remarkable. Despite the broader crypto market facing challenges such as bankruptcies, lawsuits, and a decline in overall ...

As Web3 technologies continue to connect with the entertainment sector, blockchain and cryptocurrency-funded film initiatives have become popular at film festivals.  The debut of the brand-new movie Fuzzy Head, which was funded by the blockchain-based crowdfunding website Untold.io, will take place at this year's Sundance Film Festival, an Oscar-accredited event ...

Nexo Capital, a cryptocurrency lender, has agreed to pay $45 million in fines to the North American Securities Administrators Association (NASAA) and the U.S. Securities and Exchange Commission (SEC) for not registering the offer and sale of its Earn Interest Product (EIP). The SEC and NASAA released separate statements to ...

InfiniMerge, a blockchain-based, free-to-play merging game, has been officially launched by InfiniGods, a Web3 gaming studio composed of experts in the social and mobile sectors.  The game is focused on building and adventure, set in a world inspired by ancient Greece. InfiniMerge is the first game from InfiniGods, which was ...