Dubai moving in on crypto exchanges, increases scrutiny after FTX bankruptcy

April 12, 2023 By Anjali Kochhar Dubai is tightening scrutiny of cryptocurrency licence seekers in the wake of last year’s bankruptcy of digital-asset exchange FTX, requesting additional information from applicants like Binance, as per a Bloomberg report. As part of this tightened scrutiny, the Virtual Assets Regulatory Authority (Vara) of Dubai has requested additional information

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Hong Kong Launches Institute of WEB3.0 With China’s Support, Aims to Become Global Hub for Web3 Industry

April 12, 2023 By Joe PAN The Institute of Web3.0 Hong Kong was launched yesterday with the aim of promoting the development of next-generation Internet technologies, marking a significant milestone for the Web3.0 industry in Hong Kong. The institute will be headed by Norman Chan, former chief executive of the Hong Kong Monetary Authority. Interestingly,

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NFT Collective Proof Launches New Moonbirds Collection With Beeple, Other Artists

April 12, 2023 Proof, the Web3 startup behind the smash hit Moonbirds NFT collection, is launching its next digital art series—favoring its existing collectors. Here’s what we know:  The new collection—”Moonbirds: Diamond Exhibition“—will feature 10,000 digital artworks created by 22 artists, including Beeple, Daniel Isles (aka Dirty Robot), Terrell Jones, Summer Wagner, and Michael Sidofsky. Those

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NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5%

April 11, 2023 By Sharan Kaur Phillora Non-fungible token (NFT) marketplace LooksRare has launched its highly anticipated V2 iteration, which drastically lowers fees and aims to ship many new features. LooksRare developers say protocol fees have been slashed from 2% to a fixed 0.5%. Here’s what we know:  The update introduces several key features that make trading

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NFT Airdrops Unlocked – The Insider’s Guide to Striking it Rich

April 11, 2023 By Murtuza Merchant Airdrops are a promotional tool used in the crypto world to create awareness and facilitate the adoption of new tokens before their official release. Auroracoin (AUR) pioneered the concept of airdrops in 2014.  Although the project ultimately failed, airdrops have continued to prove their worth as a marketing strategy.

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These 10 Altcoins Could Make You Rich

April 10, 2023 By Murtuza Merchant The world of AI-driven cryptocurrencies has been rapidly gaining traction, and for traders seeking high returns, it’s essential to be in the right narrative at the opportune moment.  This year has witnessed the AI crypto narrative emerging as a powerful force with immense growth potential still lying ahead. Numerous

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ICP Party HK: 1/1 Edition

April 10, 2023 Offchain Hong Kong gathering is coming Friday, April 14th at the ICP Party – HK Edition 1:1 in Central from from 6:30 p.m. to late during the Web3 Festival. There will be drinks, projects, panels, investors and some ICP top brass from Zürich on hand. RSVP: Use the promotion code “OffChainCommunityHK” to

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Gucci teams up with Bored Ape’s Yuga Labs to bring luxury fashion to the metaverse

April 10, 2023 By Sharan Kaur Phillora Luxury fashion house Gucci recently teased a metaverse-oriented partnership with Yuga Labs, the $4 billion company behind the dominant NFT collection Bored Ape Yacht Club, that would blur “the boundaries between the physical and digital.” Here’s what we know:  Last week, Yuga announced Otherside: Relics by Gucci, a limited-edition

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Ethereum’s Shanghai Upgrade could bring $2.4B Selling Pressure to Ether: Observers

April 7, 2023 By Anjali Kochhar Some experts are warning that Ethereum’s upcoming Shanghai upgrade, which allows users to withdraw their “staked ether” deposited for network security, may lead to an increase in selling pressure on the market. This fear is based on the possibility that some holders may rush to exchanges to liquidate their

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