Decentralized Autonomous Organizations (DAOs) allow people to collaborate and run an organization using open-source code and network participants as governance. They are internet-native entities that operate without a central authority, making them decentralized, transparent, and globally accessible. Despite being...
As technology continues to blur the line between the physical and digital worlds, people and businesses are eager to stake their claim in the metaverse. This is especially true in a post-pandemic world where metaverses serve as hubs for...
Since the publication of the Bitcoin whitepaper in 2008, the legal status of the cryptocurrency industry has been a highly debated topic. The emergence of cryptocurrencies has presented lawmakers and regulators with a new set of challenges, and their...
In traditional finance, a counterparty refers to the individual or party involved in a transaction. However, in Web3, Counterparty is a protocol similar to Metacoin. It allows for the creation of tradable, user-generated currencies and decentralized asset exchange. The...
NFTs and the metaverse are two highly-discussed topics with significant business potential. Despite the media's coverage of these concepts, many individuals and businesses are still trying to fully understand their meanings and applications. It is important to note that...
The growth of the cryptocurrency market has been rapid; however, it has been riddled with various trading issues and concerns. Recent events such as the price drop of cryptocurrencies and the bankruptcy of several large crypto companies have made...
To set the stage for this discussion, let's first define some key terms: Innovative: 'characterized by the creation of new, forward-looking ideas or inventions'. Regenerate: 'to reconstruct or create anew, especially in an improved manner, or to revitalize something'....
As is fast becoming a trend in the crypto regulatory space, the US Securities and Exchange Commission (SEC), has again clamped down on another crypto organisation, Paxos—a leading blockchain infrastructure and stablecoin issuer, through a lawsuit filed on grounds...
Australia has, since 2021, joined the league of countries like the US in expanding crypto regulation, and this year just might usher in further implementation of regulatory guidelines and provisions for crypto-related operations in the country. The past year...
TL;DR: The UK government has published a set of proposals for the regulation of the crypto sector for public consultation. The proposals cover the authorization of crypto firms and the types of requirements to be imposed on them. Importantly,...
