Source: CryptoPotato Digital asset investment products recorded $206 million in the past week. Bitcoin halving concerns triggered the 11th consecutive week of outflows from the blockchain equities. According to data compiled by CoinShares, blockchain equities experienced $9 million in withdrawals as investors worried about halving the impact on mining companies because it can affect their… Continue reading Investors Fret Over Interest Rates: Digital Asset Outflows Hit $206M
Category: Market News
IRS Releases Draft Tax Form for Digital Assets – Expert Raises ‘Major Privacy and Security Concerns’
Source: Bitcoin News The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such… Continue reading IRS Releases Draft Tax Form for Digital Assets – Expert Raises ‘Major Privacy and Security Concerns’
Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent
Source: Cointelegraph The team’s first game, PlanetQuest, has reportedly onboarded over 200,000 NFT holders. A team of Hollywood and gaming luminaries has joined forces to launch a AAA Web3 games publisher in the United Arab Emirates. Dubbed Galactic Entertainment Publishing, the recently launched venture represents the first arm of parent company Galactic Group. The firm’s… Continue reading Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent
SDAX launches first-of-its-kind securitised gold tokens
Source: The Edge Singapore Singapore-based digital assets exchange SDAX has partnered with Oman’s Muscat Precious Metals Refining Company to launch a tokenised gold product on its platform. The MPMT Gold Token allows investors to acquire gold tokens in a securitised form, issued by an independent trust and backed by physical gold bullion held in vaults… Continue reading SDAX launches first-of-its-kind securitised gold tokens
Ondo Finance Brings Tokenized Treasuries to the Cosmos Ecosystem with Noble Integration
Source: CoinDesk “Introducing Ondo Finance’s offerings to Cosmos will bring vastly improved utility and liquidity to appchains and their users, all while offering exposure to yielding instruments.” Ondo’s founder Nathan Allman said. RWA tokenization platform Ondo Finance has partnered with Cosmos-based Noble chain to bring its tokenized products to Cosmos. Ondo is one of the… Continue reading Ondo Finance Brings Tokenized Treasuries to the Cosmos Ecosystem with Noble Integration
HSBC to Expand Tokenized Asset Offerings – CEO Says He’s ‘Very Comfortable’ With Tokenization
Source: Bitcoin News Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong… Continue reading HSBC to Expand Tokenized Asset Offerings – CEO Says He’s ‘Very Comfortable’ With Tokenization
Web3 in Saudi Arabia: Faisal Al Monai’s Insights on the Next Digital Frontier
Source: Hackernoon Ishan Pandey: Hi Faisal, Welcome to our “Behind the Startup” series! We’re excited to have you join us. Could you share a bit about your background? Also, we’d love to hear your thoughts on Web3 adoption in Saudi Arabia? Faisal Al Monai: Thank you very much – it’s a pleasure to share our… Continue reading Web3 in Saudi Arabia: Faisal Al Monai’s Insights on the Next Digital Frontier
NASA created VR metaverse to prep astronauts for life on lunar space station
Source: Cointelegraph “When they slip on their headsets, they’re not just seeing the station—they’re in it.” according to a NASA blog post. While most of us spend our time in the metaverse trading assets or bopping around in virtual realities on legless avatars, astronauts working with NASA and SpaceX are using it to prepare for… Continue reading NASA created VR metaverse to prep astronauts for life on lunar space station
New Loanable Assets Available on Binance Loans and VIP Loan
Source: Blockchain News Binance Loans (Flexible Rate) and Binance VIP Loan have introduced new loanable assets, providing users with more options for collateralizing cryptocurrencies and earning rewards. The latest additions include Aevo, BakeryToken, Beam, Ethena, and many more. The announcement also highlights the features and benefits of Binance Loans (Flexible Rate) and encourages users to… Continue reading New Loanable Assets Available on Binance Loans and VIP Loan
Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government
Source: Blockchain News Steven Nerayoff, an early adviser to the Ethereum network, has filed a lawsuit against the United States government for false charges and mistreatment. The lawsuit, filed under the Federal Tort Claims Act, seeks $9.6 billion in damages for an extortion case. Nerayoff alleges that federal agents were aware of the baseless charges… Continue reading Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government
