Blockchain Financial News

South Korean regulatory watchdogs have made stance pretty clear with the new travel rule in place. No, not for COVID. As the regulatory landscape changed in Korea, crypto businesses had to proactively work with regulators to avoid forceful closures. The latest development makes the crypto scene in Korea more transparent.

Neal Stevenson’s Snow Crash, a techno-dystopian science-fiction novel that has become a legend among Silicon Valley tech bros, predicted the rise of a future Metaverse all the way back in 1992. 

At press time, Cardano’s ADA was trading at $0.7752. Having lost 27.41% of its value in the past seven days, it represented the biggest weekly drop in price amongst the top ten cryptocurrencies.

Despite a number of attempted vampire attacks,nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion. 

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History was made when the Topps trading card of American baseball player Mickey Mantle sold for $5.2 million. Setting a new standard for rare collectibles, traditional collectors quickly realized that this industry is far different from the days of older generations, with larger-ticket sales now commonplace.

Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 millionpool to institutional investors.

Vitalik Buterin, the Russian-Canadian co-founder of the Ethereum blockchain, railed against Russian president Vladimir Putin and the invasion of Ukraine on Thursday, condemning it as a "crime against the Ukrainian and Russian people".

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In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing.

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Hong Kong-based non-fungible token (NFT) platform Ucollex closed a $10 million Series A funding round led by Animoca Brands and the MCP IPX One Fund from Japanese investment firm MCP Asset Management.

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Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance.

There are now more art collectors than ever before, who are coincidentally the wealthiest in history. The result is a global industry, defined by luxury and attracting only the ultra-rich to compete for a select few brand-name artists. However, art is much more than a luxury good; it can be an investment with little research. Hence why most high-end art purchasers buy with the intent that their pieces will rise in value. Unfortunately, owning a work of art at this caliber is not realistic for the everyday buyer.

Telecom giant Airtel acquires strategic stake in blockchain technology startup Aqilliz

Online gaming was understandably one of the big gainers from the COVID-19 pandemic and the ensuing lockdowns. Private equity (PE) and venture capital (VC) investors invested over US$ 2 Billion (bn) across online gaming companies in 2020 and 2021 – the lion’s share of which went into real money-based fantasy sports unicorns, Dream11 and Mobile Premier League (MPL).

blockchain, whose introduction has changed the basic paradigms of the traditional sports industry. Blockchain technology can effectively assist sports teams in monetising their fan base and strengthening fan engagement effortlessly. Blockchain isn't a future technology. It is a 21st century technology that is needed and should be used to its full potential under the current circumstances. Prominent sports clubs (Manchester City, Barcelona, PSG) and leagues worldwide are already using blockchain technology in their digital strategies. Blockchain use-cases in sports allow teams to unlock new profitable income streams and develop new ways to engage with their fans. From fan tokens to fan event monitoring and loyalty networks, the overall sports ecosystem was never this transparent, seamless and easy going for either players or fans.

The Bank of New York (BNY) Mellon has announced a partnership with blockchain-data platform Chainalysis to help track and analyze cryptocurrency products. BNY Mellon is the world’s largest custodian bank, currently overseeing $46.7 trillion in assets.