The head of NFT marketplace OpenSea is trying to distance his company’s products from cryptocurrencies. In an interview with the Financial Times (FT) published Thursday (Dec. 29), Devin Finzer, OpenSea’s chief executive, cautioned regulators in their approach to his industry. “It is really important that...
Blockchain network Solana is trying to distance itself from one-time booster Sam Bankman-Fried. As Bloomberg News reported Thursday (Dec. 29), the company has drawn scrutiny within the industry over concerns about Solana’s ties to Bankman-Fried and his failed cryptocurrency exchange FTX. As such, the report...
The International Monetary Fund has identified central bank digital currencies (CBDCs) as more efficient alternatives to physical cash that promise to lower transaction costs, promote financial inclusion, limit illicit activity and improve the functioning of monetary policy. At the same time, public-private partnerships are essential...
Fidelity Investments’ metaverse plans reportedly include developing an NFT marketplace. The financial services corporation has filed trademark applications for a non-fungible token (NFT) marketplace, metaverse investment services, virtual real estate investing and cryptocurrency trading services in the metaverse, Cointelegraph reported Monday (Dec. 26), citing a...
The BoE has said blockchain technology isn’t yet a critical infrastructure in the financial system. But it holds open the possibility that some blockchains may become so. In a post on its website published on Wednesday (Dec. 21), the Bank of England (BoE) writes that...
Visa is exploring ways to allow automatic recurring payments through a blockchain like Ethereum. Blockchain adoption is increasing but setting up automatic recurring payments is a challenge because some digital wallets require engineering work to allow pull payments, according to a technical paper posted on...
Blockchain solutions for supply chain management and digitized traceability are increasingly on the chopping block. While tech crypto purists continue to tout the transformative potential of blockchain technology, the Web3 architecture that also supports the cryptocurrency ecosystem, leading enterprise organizations are quietly shuttering pilot projects...
Former President Donald Trump is selling NFTs. Trump unveiled the digital assets on Thursday (Dec. 15) on his social media platform, Truth Social. The non-fungible tokens (NFTs) feature his likeness, according to multiple media reports. The Collect Trump Cards website offers what it described as...
Scorched investors are suing celebrity backers of Bored Ape NFT tokens, claiming they were misled. The recent crypto cool down has left a slew of retail investors angry and feeling duped by the premise and promise that their once high-flying digital assets would only go...