Author: See Source Below
Nick Lau, a 23-year-old Hongkonger, grew up finding himself on the periphery of his immediate social circles – at Harrow, a traditional English boarding school, he took photography classes and started a skatewear brand; at New York-based Parsons School of Design, he co-owned a 300-square-feet electronics store. Lau is now trying to use these experiences to launch a new, immersive platform in his home city selling non-fungible tokens (NFTs), the unique code stored on a blockchain that allows digital assets to be traded like physical goods. “[The electronics store] influenced a lot of my ideas in terms of running, creating and…
A new set of Nirvana NFTs will be launched next month, to make what would have been Kurt Cobain’s 55th birthday. The non-fungible tokens will be released on February 20 and will be created from previously unseen photos taken at one of the band’s 1991 gigs. The NFT set will be comprised of 28 photos taken by photographer Faith West and will be sold via Pop Legendz. The images were taken on October 6, 19991 – six days after the release of ‘Nevermind’ – when Nirvana performed at J.C. Dobbs in Philadelphia. The price for the digital pieces begins at $99 (£73) and goes…
Japan’s Supreme Court absolved web designer Seiya Moroi, 34, of using cryptocurrency mining software Coinhive on unsuspecting visitors to his website after a four-year legal battle. According to the Supreme Court, there was no crime committed using the Coinhive program, which was within acceptable social limits. The Supreme Court likened Moroi’s use of Coinhive to pop-up ads, which appear on websites without the viewer’s consent. Moroi was among 20 people around Japan detained by police in 2018 for using the Coinhive program for cryptocurrency mining. While most of the detainees paid fines and admitted wrongdoings, Moroi wanted to be cleared of the…
Several regulators around the globe have taken a hostile approach around crypto exchanges and crypto-related companies by forbidding them to advertise the industry to the general public. However, Binance’s CEO Changpeng Zhao thinks this will not affect the high demand of the market. Curbing Crypto Ads Crypto-related firms have been accused by international regulators of marketing their services with misleading messages that undermine the risk digital assets investments could possess to users. Spain, U.k., and Singapore have banned the advertisement of crypto to different extents. In Singapore alone, crypto exchanges and other licensed companies can only publish ads on their…
“The biggest victory for Ripple and XRPHolders, from Judge Netburn’s recent decision, isn’t necessarily the email with the Draft version of the Hinman speech.” John Deaton, the attorney representing the more than 50,000 XRP Holders which have been granted Amicus Curiae status in the SEC v. Ripple lawsuit, has plans to use that status to file a FOIA request in regard to SEC documents Judge Sarah Netburn has recently ruled not to be protected by deliberative process privilege (DPP). The lawyer has gone to Twitter to explain in what way the ruling, which was reported as being a mixed outcome for…
North Dakota’s bitterly cold winters make for the ideal setting desired by a new industry eyeing the state: cryptocurrency. Interest has picked up over the past year in locating data centers within North Dakota. Such facilities consist of computer servers that can be used for a variety of purposes, including to mine digital money in the case of some of the companies considering the state. Data centers generate a lot of heat. They tend to require a significant amount of power and cooling equipment to function well. “Every time I talk to a utility and mention data centers, they say,…
The host of Mad Money, a CNBC show, issued a warning to Dogecoin holders. Cramer believes that Dogecoin is a security and it will be regulated soon. Analysts believe that the Dogecoin price could start an uptrend. Jim Cramer, the host of the CNBC show Mad Money, has suggested that the purpose of Dogecoin is to make money for cryptocurrency exchanges. Cramer believes that Dogecoin is a security and it will be regulated soon. Cramer is a known critic of cryptocurrencies, confessing that they are “gambling on crowd psychology.” The Mad Money host urged investors and traders to be cautious when trading…
Cryptocurrency exchange operator Huobi expects that bitcoin is likely to depreciate this year as markets react to the US Federal Reserve dialing back on asset purchases.The Fed started in November to slow down its purchases of new assets, including bonds and mortgage-backed securities. This process is known as tapering.In a report released Friday, Huobi Research Institute, the research arm of Huobi, wrote that tapering is likely to cause a reduction in global liquidity — or money pumped into the global economy — this year. Like many other high-risk assets, Bitcoin is often sensitive to changes in liquidity, the report notes. Therefore, Huobi predicts, the cryptocurrency will face…
Democrats in Congress are ramping up pressure on cryptocurrency firms to show that Bitcoin is worth the wattage, amid concerns that minting digital money has become an environmental disaster. Scrutiny from lawmakers including Sen. Elizabeth Warren (D-Mass.) and the leadership of the House Energy and Commerce Committee is triggering lobbying on behalf of so-called crypto miners who are using an escalating amount of computing and electricity to extract valuable digital tokens from the blockchain. Critics say the practice, which grants miners digital currency in exchange for validating transactions, contributes to rising energy costs and global warming because of its use…
Milo Credit, a venture-backed fintech based in Miami, has unveiled a cryptocurrency mortgage, which allows bitcoin holders the opportunity to tap into the value of digital assets without converting them to dollars. Milo Credit began developing the product last year after numerous requests from buyers and investors looking for a crypto loan product. The company is currently granting waitlisted clients early access and expects to open it up further in early 2022. In the loan process, borrowers pledge the full value of their property purchase in bitcoin to be used as leverage. As funders of the entire loan, Milo requests no dollar…