Author: admin

The Capital Market Authority (CMA), Oman’s financial markets regulator, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate.According to a Feb. 14 press release, the new rules would include oversight of virtual asset activities, a licensing process for virtual asset service providers (VASPs), and a framework to identify and mitigate risks surrounding the new asset class. The announcement reads:“The aim of this new regulation is to establish a market regime for virtual assets that include rules to prevent market abuse, including [thorough] surveillance and enforcement mechanisms.”Several virtual asset activities under the proposed guidelines include issuing…

Blockchain Blockchain is used in various areas of business, including supply chain and logistics, healthcare, and, of course, the crypto market. In fact, global spending on the blockchain might reach almost $19 billion in 2024. This means it will grow at a five-year compound annual growth rate of 46.4%. And yet, even being so widely used, there are still lots of myths and misconceptions around blockchain technology. Below, we’ll debunk five common myths about blockchain and explain how this type of tech actually works. Check if you’ve fallen for one of these misbeliefs yourself! Myth #1: Blockchains Are Always Confidential…

Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was “probable cause” to believe the former FTX CEO may have engaged in attempted witness tampering. During a Feb. 16 hearing on Bankman-Fried’s bail conditions, Judge Lewis Kaplan said there was “probable cause to believe that he [Bankman-Fried] has committed or attempted to commit a federal felony while on release, namely witness tampering,” according to multiple reports.Kaplan suggested that this could “conceivably” see the FTX founder sent back to jail until his trial in October. Kaplan noted however that the Feb. 16 hearing was not a bail…

The game industry has taken notice of the growing GameFi sector, which utilizes blockchain technology, and many brands have launched their own unique blockchain games. However, many of these games lack the engaging gameplay mechanics and enjoyment found in successful traditional games. Undeads aims to bring these elements to the forefront with high production values, high entertainment and replayability values not yet seen in the Web3 space.Undeads Metaverse is a AAA survival game that is revolutionizing the world of blockchain gaming. The team of over 70 developers is using play-to-earn mechanics, a well-designed game economy and high production values to…

NFT Not everyone knows this, but Crypto.com also has an NFT marketplace. It actually has a real in-house platform dedicated to NFTs that allows the creation, distribution, sale, purchase and custody of NFTs. For example, to create an NFT on Crypto.com’s platform it is necessary to apply for approval, and once obtained it is possible to start minting collectibles to be published and sold on the same platform by selecting the “Create” button. The supported blockchains are Ethereum, Polygon, Cronos and Crypto.org Chain, and the supported formats are JPEG, JPG, PNG, GIF, WEBP. The MP4 format will also be added…

Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD),  cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD).The transaction took place on Feb. 16, according to data from Etherscan, and also comes two days after Binance CEO Chanpeng “CZ” Zhao said in a Feb. 14 Twitter Spaces that Binance would look to “diversify” its stablecoin holdings away from BUSD.We’re live!Tune-in to our Twitter Space AMA with @cz_binance below https://t.co/bXIztCKdry— Binance (@binance) February 14, 2023 Despite minting nearly $50 million in TUSD from the TrustToken platform’s smart contract, CZ had earlier said that…

NFT NFTs are mostly known in the field of fine art where they ushered in the so-called crypto art movement, but non-fungible tokens can also be used in the music industry. What are NFTs and why do they have high potential in crypto art The characteristics of NFTs related to the world of music, not just crypto art The best NFT platforms in music Expert opinion on music NFTs and the royalty discussion Major musicians and bands that have launched music NFTs How NFTs could change the music world What are NFTs and why do they have high potential in…

NFT The day after its third and final highly-anticipated airdrop, Blur dropped more news: Creators cannot currently earn royalties on both Blur and OpenSea. The solution according to Blurs’ founders? Block trades on OpenSea. On Friday afternoon, OpenSea said it was moving to optional creator fees, with a 0.5% minimum, and it will no longer block creators from listing on marketplaces with the same policies. We’re making some big changes today:1) OpenSea fee → 0% for a limited time2) Moving to optional creator earnings (0.5% min) for all collections without on-chain enforcement (old & new)3) Marketplaces with the same policies…

With the recent introduction of the Forge, Aavegotchi, the well-regarded NFT collectibles ecosystem, has taken another step in its journey to becoming the premier gaming platform. This new addition has been eagerly awaited by members of the Aavegotchi community who are hungry for more customization options and a more dynamic marketplace for trading wearables.According to the upgrade’s whitepaper, “The Forge is a new mechanic of the Aavegotchi Protocol whereby a player can break down, or smelt, their undesired wearables into component materials and recombine them with new materials to create a new wearable.”The launch of the Forge was made possible…

Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune.Crypto scam revenue in 2022, which includes investment scams, NFT scams and romance scams, among others, amounted to $5.9 billion in the year — down 46% from 2021.The data came from a Feb. 16 crime report from Chainalysis, which attributed most of the decline in scam revenue to poor market conditions, as lower crypto prices generally result in lower scam performance.Yearly crypto scam revenues from 2017-2022. Source: Chainalysis.Chainalysis however pointed to two different scam types that managed…