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NFT Amid the hype around non-fungible tokens (NFTs) in 2022, buyers in China flooded the nation’s main regulator with complaints about scams and price manipulation, with official complaints surging 30,000% to 59,700 from 198 in 2021. The report on NFTs comes a day before the World Consumer Rights Day in China. See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts Most complaints involved failure to receive items after purchase, refund issues, price manipulation, and high transaction fees, according to a report on the social media account of the State Administration for Market Regulation on Tuesday.…

The broader cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards.Silicon Valley Bank (SVB), which has traditionally served startups across several innovation sector industries, was shuttered by California’s Department of Financial Protection and Innovation on March 10. The reasons surrounding the closure are still coming to light, but the news caused shockwaves through the industry, primarily driven by USD Coin (USDC) issuer Circle having over $3.3 billion of its $40 billion reserves locked up in the bank.Signature Bank, which also serves cryptocurrency firms,…

Big Tech firm Meta is scrapping its nonfungible token features across its social media platforms, Facebook and Instagram, around 10 months after they first launched.Stephane Kasriel, Meta’s head of commerce and financial technologies, tweeted the news on March 13, saying Meta is “winding down” its NFT support to “focus on other ways to support creators, people, and businesses.”Some product news: across the company, we’re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses. [1/5]— Stephane Kasriel (@skasriel) March 13, 2023…

Global banking giant HSBC is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition.HSBC officially announced on March 13 that its subsidiary, HSBC UK Bank, is acquiring Silicon Valley Bank UK (SVB UK) for 1 British pound ($1.21).As of March 10, 2023, SVB UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), HSBC said in the announcement.For the financial year ending Dec. 31, 2022, SVB UK recorded a profit before tax of 88 million pounds ($107 million). SVB UK’s tangible equity is…

The recent introduction of the decentralized social media protocol Nostr took the distributed technology world by storm. Even Block CEO Jack Dorsey has espoused his fondness for the protocol, encouraging its usage, funding development and using it himself exceedingly often. In the meantime, Zion, a decentralized social media app, has watched as Nostr grew. I asked Justin Rezvani, CEO and founder of Zion, about whether the two are in competition. But he clarified that Zion and himself sees its benefits, and confirmed that he believes Zion will be closely intertwined with Nostr going forward. “As far as Nostr goes, Zion…

There are a lot of weapons to be found in CS:GO. Each of them is unique, and has its own characteristics and capabilities. Some of them are very popular. A striking example of this is the M4A1-S. This rifle has numerous interesting skins that gamers want to get. Let’s focus on the popular m4a1-s skins.Hyper BeastOn this skin, black paint has been applied to the surface of the entire assault rifle as a background. On the surface of the background, a drawing of a dinosaur-like predatory animal has been applied in bright, poisonous colors of purple, blue, red, green and…

After a tumultuous year in crypto, court cases have inevitably followed. Bankruptcy, liquidity issues and fraud have caused the industry to fall under the microscope of regulators worldwide.Voyager Digital, the former cryptocurrency brokerage; Alameda Research, the investment arm of FTX; and cryptocurrency exchange Binance have all ended up in the crosshairs of the United States Securities and Exchange Commission (SEC) in battles over assets and owed funds.As 2023 trundles on, so too have many crypto court cases. Here is a brief round-up of the current status of some of the industry’s most pressing legal battles.It all started with the Voyager…

NFT Digital artist Mike Winkelmann, also known as Beeple, has opened Beeple Studios, a 50,000-square-foot digital art space in Charleston, South Carolina to foster community among non-fungible token (NFT) artists. The opening event took place on Saturday and was done in partnership with art auction house Christie’s. The gallery walls were lined with artwork from NFT artists like Fvckrender, XCopy, Pak, Victor Duarte, Refik Anadol and others. According to the Beeple Studios website, Winkelmann will use the space to create his artwork. It also features a 13,000-square-foot gallery and 13,000-square-foot experiential space. “We wanted to build a space where we…

Across the globe, women creators and founders in Web3 are building communities and innovating to help other women create wealth and have ownership and integrity over their work. At the same time, humanitarian efforts within the crypto space are evolving and gaining traction thanks to decentralized finance. Through the rise of nonfungible tokens (NFTs), generating funds for public good has become easier.Prominent examples include NFT artists such as Refik Anadol and Murat Pak, who mobilized the NFT community when a massive earthquake struck the Turkish–Syrian border. To provide immediate aid for victims of the disaster, revenue generated from NFT collections…

beginner So, what happens when you combine two already extremely volatile ways of making money? You get double the risk and double the rewards, of course! (Well, not exactly double. But the potential is there!) Crypto day trading can be a great way to earn some money, but please beware that it is not for everyone — there is much risk involved. Unless you have some experience with day trades or have learned a lot about them and crypto, you should not consider it as a primary source of income.  But before learning how to maximize your gains, you should…