Popular NFT-focused blockchain firm, Enjin announced an $18.9 million funding raise led by Crypto.com capital, DFG Group, and Hashed to develop a Polkadot-based NFT blockchain dubbed Efinity. The platform aims to increase scalability and reduce the high gas costs currently being experienced on Ethereum, ensuring NFTs are “usable and accessible to everyone, everywhere.” The firm […]
Category: STO News
Bitcoin April Fool’s Jokes in Full Swing: Elon Musk Taking DOGE to Moon, SegWit on Blockchain & “TubbyCoin” Powered by “HugTech”
The cryptocurrency market is having a field day on April 1st. Even before April Fools officially started, many were already on board with their Bitcoin and crypto jokes. First, Chipotle tweeted “Bitcoin Anyone?” as it announced the giveaway of $100,000 in free burritos and $100k in BTC to celebrate National Burrito Day on April 1. […]
DeFi Project Shroom Finance Rebrands to Niftyx Protocol; Aims to Go Beyond Gaming
DeFi project Shroom is rebranding as the Niftyx Protocol for a “global layer for NFTs exchange.” Shroom aims to go beyond gaming and cover many other industries, including music, art, fashion, and more. Capitalizing on the latest non-fungible tokens (NFT) trend, Niftyx will provide a platform for minting and exchanging NFTs to drive their mainstream […]
Ripple Settles XRP Case with SEC for $100 Million
The settlement requires Ripple to notify the SEC prior to issuing any cryptocurrencies or digital tokens in the future.
NBA Top Shot Creator, Dapper Labs, Raises $305 Million from Top NBA Players and Celebrities
Dapper Labs, the company behind the in-demand NBA Top Shot, a collectibles app, raises $305 million in a celebrity-stacked investor pool. Former and current NBA players such as Michael Jordan & Kevin Durant, actors Will Smith, rapper 2 Chainz, and a couple of venture capital firms joined the round. In a report by USA Today, […]
Blockstream Offer Investors Exposure to Bitcoin Mining with BMN Security Tokens
Blockstream, a Bitcoin mining company, is planning to tokenize Bitcoin mining, according to a release. 1BMN To Cost $240,000 Blockstream Chief Adam Back said that this would give investors access to Bitcoin mining without investing in the traditional mining hardware. The investment opportunity, which will be publicly-listed as a security token offering (STO), targets non-US […]
R3’s Corda Releases Ethereum-Based XDC Bridge for Interoperability
Corda, a decentralized blockchain offshoot of software company R3, recently announced that it had built a decentralized bridge to permissionless blockchains on the Ethereum ecosystem. XDC To Facilitate Exchange On Corda The announcement sees them collaborate with permissioned hybrid blockchain protocol eXchange inFinite (XinFin) to improve the global trade finance space. XinFin’s utility token XinFin […]
Teeka Tiwari Presents Crypto’s Next Trillion Dollar Coin Event Today
Teeka Tiwari is hosting a crypto investment webinar on March 31. The crypto analyst and former hedge fund manager will reveal the next cryptocurrency he believes could reach a $1 trillion market cap. The webinar is called Crypto’s Next Trillion-Dollar Coin. Bitcoin recently broke the $1 trillion barrier. What will be the next cryptocurrency to […]
UK Tax Authority, HM Revenue and Customs (HMRC), Updates Guidance on Crypto Taxation
HM Revenue and Customs (HMRC), UK tax authority, published fresh guidance on the taxations of crypto assets, an update to late 2019 issued guidance that aims to provide clarity on the taxation of cryptocurrency assets. the update involves the trading of tokens, conversion to fiat currency, mining transactions, and staking for both individuals and corporations. […]
Global Regulators Issue Proposals and Enforcement Actions Surrounding Digital Assets
As digital assets grow in popularity, so does the scrutiny imposed upon them by world regulators. Over the past year we have seen a plethora of framework proposals, enforcement actions, and rule changes involving digital assets. This past week was no different, with developments coming from each of the following countries. United States Many have […]
