April 09, 2024 By Sharan Kaur Phillora The cryptocurrency sphere is buzzing with the news of NFTFN’s presale, which has already attracted 500 investors, signaling a potential summer surge. The company has raised over $250,000 through the swift sale of its tokens, drawing attention to its innovative approach to NFT trading. NFTFN aims to break […]

April 09, 2024 By Sharan Kaur Phillora WeChat, China’s most used social media platform with over 1.1 billion daily users, has announced a ban on accounts related to cryptocurrencies and non-fungible tokens (NFTs). The revised “Code of Conduct” under Section 3.24 now categorizes the issuance, trading, and financing of virtual currencies as “illegal business” activities,

April 08, 2024 By Anjali Kochhar Investment firm VanEck has issued a bold prediction regarding the future of Ethereum’s layer 2 scaling networks, predicting a stunning $1 trillion market value by 2030. This upbeat view comes despite initial concerns about competitiveness in the area. Patrick Bush, VanEck’s senior digital assets investment analyst, and Matthew Sigel,

April 08, 2024 By Sharan Kaur Phillora In a surprising move, Binance, one of the leading cryptocurrency exchanges, announced that its NFT marketplace will soon cease support for Bitcoin NFTs. By April 18, users will no longer be able to engage in activities such as buying, depositing, bidding on, or listing Bitcoin-based NFTs on the platform.

April 05, 2024 By Sharan Kaur Phillora Hong Kong-based institution GF Securities has unveiled the first Commercial Paper tokenized security compliant with local laws, issued on the Ethereum blockchain. This development aligns with Hong Kong’s ambition to become a global leader in Real World Asset (RWA) tokenization. Here’s what we know: Tokenization, the process of converting

April 05, 2024 By Anjali Kochhar As the S&P 500 experiences fluctuations in dividend payouts, crypto staking rewards are on a remarkable rise, surpassing traditional investment returns by a significant margin. In recent data, the average crypto staking reward is now 450% higher than the average dividend paid by companies in the S&P 500 index.

April 04, 2024 By Sharan Kaur Phillora The Monetary Authority of Singapore (MAS) has announced sweeping amendments to the Payment Services Act (PS Act), marking a pivotal shift in the regulatory landscape for digital payment token (DPT) service providers. Effective April 2, these changes aim to cast a wider net over activities associated with DPTs,

April 04, 2024 By Anjali Kochhar In today’s interconnected world, fraud and corruption pose significant challenges to governments, businesses, and societies at large. However, the emergence of blockchain technology offers a promising solution to address these persistent problems. By leveraging blockchain’s unique features, such as transparency, immutability, and decentralization, stakeholders can enhance transparency, accountability, and

April 03, 2024 By Anjali Kochhar Tokenization of assets or asset tokenization is a process involving the transformation of assets into a digital token. It can be physical or non-physical assets that can be utilized by industries like finance, art, real estate, and health care. In simple words, we can put it as a process

April 03, 2024 By Sharan Kaur Phillora The Chinese government has partnered with Conflux Network to introduce an avant-garde public blockchain infrastructure, announced on the platform X. This new platform, christened the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” is set to redefine cross-border cooperation by offering a foundational public blockchain