Author: Jeremy Ryan

Non-fungible tokens (NFTs) are so much more than collectible digital artwork. This technology helps artists form new trends and share their vision with the audience. Ekaterina Perekopskaya and Rostyslav Brenych, two digital artists behind Concept2048, are using NFTs to bring attention to global problems such as climate change. Their Metamorphoses collection features 2,048 NFTs, each depicting an “envoy” — a person who recognizes the value of sustainability and believes that caring for the world around us should take precedence over the individual’s concern for themselves. Those who share the artists’ strive for a more sustainable future may not only buy…

Gameswift has begun the new year with some exciting news as they announce a partnership with Casper Network. Casper Network is a decentralized layer-one proof-of-stake blockchain designed to accelerate enterprise and developer adoption of blockchain technology.Casper Network has given GameSwift a financial grant and trusted partner status, cementing this strategic partnership to integrate Casper Network with GameSwift’s infrastructure.Blockchain Technology for BuildersCasper, which went live on mainnet on March 30, 2021, is the first live proof-of-stake (PoS) blockchain based on the Casper CBC specification. The Casper platform is intended to accelerate the global adoption of blockchain technology, smart contracts, and DApps.Casper’s…

Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector.According to the deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, crypto needs to be controlled.“If you like to implement effective regulation, you have to do the same as you regulate and supervise traditional institutions,” he said, according to a Jan. 17 Bloomberg report.The comments from Japan’s financial watchdog come in the wake of the collapse of FTX in November, which rattled the industry and sparked urgency for regulatory action.Unlike some…

NFT What measures should NFT companies or NFTs put in place to become AML compliant? And is it worth the trouble? As legislators sharpen their pencils, NFT marketplaces and businesses are bound to be met with AML compliance requirements and the need to build AML infrastructure. However, they shouldn’t do it blindly. There questions that every NFT business should consider answering while working their way into AML compliance: Despite the crypto universe’s love for decentralization, a centralized marketplace can effectively become a legal entity. By becoming a legal entity, NFT marketplaces make it easier to both earn user trust and…

The finance ministers from the eurozone countries have released a statement on the introduction of the digital euro after a meeting in Brussels. The Eurogroup meets regularly to discuss political dimensions of the potential digital currency, it said. The Jan. 16 statement coincides with the release of a European Central Bank (ECB) “stock taking” document detailing the progress of digital euro design.The Eurogroup statement addressed the need for the European Central Bank and European Commission to inform the Eurogroup and EU member states of developments in the creation of the digital euro, which is in its investigative phase. The statement…

Magnificent horse racing romp, ZED RUN, will turn 4 on January 19, and would love to celebrate with you!  So, get ready for a special racetrack — think birthday balloons, presents, and more — and experience the nostalgia of your childhood birthday parties like never before on ZED RUN!???? It’s our 4th birthday on Jan 19! ????Here’s how you can celebrate with us ???? https://t.co/Dom3A21qwrOh, and we’re live right now on Twitch talking all things ZED Birthday ???? https://t.co/WDqcEJr8SF pic.twitter.com/QLHOunaPVx— ZED RUN (@zed_run) January 16, 2023Birthday celebrations always mean presents, and ZED RUN has something extra special this year. As…

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program. The Commodity Futures Trading Commission started the process of getting a default judgment in its case against Ooki DAO after the decentralized autonomous organization missed the deadline to respond to the lawsuit. It also filed suit against digital artist Avraham Eisenberg and charged him with two counts of market manipulation in connection with an exploit of the decentralized finance platform, Mango Markets.In South Korea, tax agents raided the Seoul headquarters of cryptocurrency exchange Bithumb,…

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying its registration as a virtual asset service provider (VASP) in the island nation. The crypto lender asked the court to overturn the financial regulator’s decision as it was “suitable” to provide crypto services to Cayman Islands residents. According to court documents, Nexo applied to CIMA in January 2021, providing additional information at…

NFT DeGods has dominated the Solana NFT space, racking up more trading volume in SOL than any other project. It now plans to move over to Ethereum, and the project appears to have already caught the eye of at least one big investor in the space. A pseudonymous NFT trader known as “Pokeee” spent nearly $1 million to sweep 69 DeGods NFTs on Monday. Pokeee made the buy through the Magic Eden marketplace, using its tool that lets buyers “sweep the floor” or buy up a desired amount of NFTs from a project. Traders sometimes purchase numerous lowest-priced NFTs in…

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions of the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities and made it available for use at the Winter Olympics. Many other central banks, including the Bank of England, are considering how to roll out a CBDC, while Nigeria’s CBDC has had poor uptake so far. India has already launched a pilot scheme, while Mexico has confirmed the launch of a digital peso.However, Tony Yates, former senior adviser to the Bank of England, advises against CBDCs in a recently published…