Author: Jeremy Ryan

GBBC Digital Finance announced on Feb. 16 that it has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. The IOSCO is an international association that develops and promotes international standards for securities. IOSCO’s members include 35 national securities regulators and over 200 affiliated organizations. In addition, the IOSCO has an Affiliate Members Consultative Committee, which GBBC Digital Finance has joined as its 70th member. The committee provides input on IOSCO policy and standards. Committee members also form groups that hold annual trainings on securities-related issues.The IOSCO released its “Crypto-Asset Roadmap” in July. GBBC Digital Finance chair Lawrence…

GQ, the New York-based men’s magazine, is launching an NFT collection that will offer its fans various perks. Holders of these NFTs will have access to magazine subscriptions, merchandise, and live events. To bring the collection to life, GQ Magazine tapped into the expertise of four renowned artists: REO, Chuck Anderson, Sewath Attafuah, and Kelsey Niziolek.The company challenged the quartet to use its motto, “Change Is Good,” as a guide in generating the digital art that would later form the collection. The end result was that each artist came up with over 100 “unique traits that could be combined in…

Debtors for crypto lender Celsius Network have the authority to sell coupons for mining firm Bitmain coupons worth roughly $7.4 million following a ruling from a bankruptcy judge.In a Feb. 16 court filing, United States Bankruptcy Judge Martin Glenn said it was in the “best interests of the Debtors’ estates, their creditors, and other parties” to allow Celsius debtors to sell their Bitmain coupons. The judge’s ruling does not require the debtors to liquidate the holdings in question, which would need the consent of the committee of unsecured creditors.interim Celsius CEO Christopher Ferraro claimed in a Feb. 9 declaration that the…

NFT The time for Bitcoin holders to look at NFTs from the sidelines is over. Since January, there have been nearly 130,000 Bitcoin Ordinals inscribed to the world’s most powerful computing network. But what challenges do these inscriptions face, and what opportunities, if any, do they present? Bitcoin Inscriptions (Ordinals) Explained To understand the emergence of Bitcoin inscriptions as NFTs is to understand the ordinal theory. In computer science, the ordinal theory has been used for decades to sort items based on specific criteria. This is where the ordinal theory got its name – from the Latin word “ordo,” relayed…

intermediate Hardly anyone who has any sort of involvement in the crypto space hasn’t at least heard about DeFi. While decentralization has been the main focus of all things crypto, there’s no other field in the blockchain industry that embraces it as well as DeFi does. Its main goal is to provide users with fully functional and efficient decentralized alternatives to all mainstream financial services such as loans, storage, and so on. Why do we need DeFi? Well, for the same reason we need blockchain technology — there’s a serious lack of privacy and transparency in the modern world. Decentralized…

Non fungible tokens (NFTs) started as what are essentially tamper-proof ledgers to verify authenticity and guarantee collectors’ ownership rights over artworks. However, since their emergence several years ago, NFTs have become much more than that. Now, many projects claim to seek to deliver new forms of value and utility. So far, many have centered around community building and intellectual property. As of yet though, no notable projects have tried to center their build around the potential of the core technology that is blockchain.Simultaneously, growing traction of the Metaverse concept and Web3 culture have led to many enthusiasts identifying themselves by…

Blockchain Blockchain technology has transformed our understanding of money and value. It has created an entirely new decentralized, secure, and transparent digital asset class. Many people, however, still regard blockchain technology as merely a tool for cryptocurrencies. In reality, blockchain technology has the potential to transform traditional finance through the tokenization of real-world assets, in addition to digital assets. Real-world assets are tangible assets that have traditionally been difficult to trade and transfer ownership, such as real estate, art, and commodities. These assets, however, can now be digitized and converted into tokens that can be traded on the blockchain, making…

NFT The gaming streamer who won the top prize in Yuga Labs’ debut game Dookey Dash has put the NFT up for sale on OpenSea for 2,222 ETH, or about $3.7 million. Dedicated jpeg collectors have until March 16 to snap up the “key,” which is currently a crucial part of a token-gated mission set by the Bored Ape Yacht Club and CryptoPunk parent company. The top offer on OpenSea is currently 10% of the proposed price, at 222 ETH. For three weeks, users who possessed Bored Apes’ “Sewer Pass” NFTs were able to play the Dookey Dash video game…

NFT NFT lending has become a trend since the start of 2023, as the industry experiences a resurgence in key metrics. On-chain data revealed that the total monthly borrowing in January across NFT loan protocols reached the highest level since mid 2022, according to a report from The Block Research. The trend has been driven by a combination of factors, including a recent boom in NFT markets, the emergence of lending protocol BendDAO and a surge in lending activity around NFTs created by Yuga Labs. BendDAO leading the charge BendDAO has already outpaced its competition by currently occupying a market…

On this week’s episode of NFT Steez, co-hosts Alyssa Expósito and Ray Salmond continue their chat with Justin and J.P. Alanis, the co-founders of StoryCo — an open media platform — on the prospect of a community of creators franchising intellectual property (IP) through collaboration and soulbound tokens. Speaking on his experience with musician Tyler the Creator, J.P. Alanis said that content creation is not limited to one particular creator, but should be open to all types, including fans. However, despite the symbiotic nature between fans and creators, there are still barriers to incentivizing the creators and navigating the bureaucratic nature…