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Crypto ATMs are becoming hard to find in Singapore after regulators issued new guidelines designed to “discourage” trading by consumers. In a development that took businesses by surprise, the Monetary Authority of Singapore said the “provision of physical ATMs” is prohibited. The regulator’s assistant managing director, Loo Siew Lee, didn’t mince her words in Monday’s…
Microsoft has announced that it is buying one of the world’s biggest game developers for a whopping $68.7 billion — in a move that’s set to “provide building blocks for the metaverse.” The tech giant is acquiring Activision Blizzard, the company that owns renowned brands including Call Of Duty, Overwatch, World of Warcraft and Candy…
The U.K. has unveiled plans to clamp down on misleading cryptocurrency adverts. Under the proposals, digital assets will be subject to the same rules as stocks, shares and insurance products. While the government says it wants to encourage innovation, it also wants ads to be “fair, clear and not misleading.” Top priorities include beefing up…
Emboldened by a valuation of $13.3 billion — with trading volumes smashing records — OpenSea is on an acquisition spree. The world’s biggest NFT marketplace is buying Dharma Labs, a platform that allows users to connect their bank accounts in order to buy and swap tokens. The news means Dharma will close in 30 days,…
Bitcoin is at a crossroads — with an “increasingly significant” volume of BTC’s supply now in an unrealised loss, Glassnode has warned. In its latest weekly report, the analytics firm revealed that 5.7 million BTC — about 30% of the circulating supply — is now underwater. A metric known as the Percent of Supply in…
Dreaming of a one-stop marketplace for all things NFT? Snag front-row seats to the launch of the brand new Bybit NFT marketplace on Jan. 20, 2022 — we’re only days away! Browse and shop the hottest and most exclusive tokens, all under one roof. Plus, get lucky with our Monster Galaxy NFT Mystery Boxes during…
Alphabet Inc. subsidiary Google has appointed Arnold Goldberg, a former PayPal Senior Vice President and Chief Product Architect, to lead its payments division. Google is reportedly expanding into financial services, which include cryptocurrency debit cards. “Crypto is something we pay a lot of attention to,” Google President of Commerce Bill Ready stated.
The total trading volume of NFT sales on the Solana (SOL) blockchain surpassed $1 billion in January 2022. Solana’s NFTs gained popularity in the latter half of 2021 when Ethereum’s (ETH) transaction costs were unacceptably exorbitant. However, trade volumes for Solana-based NFTs continue to be insignificant in contrast to the Ethereum-based market.
Kris Marszalek, the CEO of Crypto.com, confirmed that 400 accounts were compromised earlier this week after the company’s security was breached. The exchange swiftly fixed the exploit after detecting it, and the system was recovered in roughly 13 to 14 hours. He clarified that all of the affected accounts were reimbursed on the same day,…
OpenSea has raised $300 million in a Series C funding round — taking the NFT marketplace’s total valuation to a whopping $13.3 billion. In a blog post, the company says that it plans to use this capital to accelerate product development, improve customer support and levels of safety on the platform, “meaningfully invest in the…
