It had been almost a year since the algorithmic stablecoin Terra USD lost its peg, and the cryptocurrency market was still reeling from the tens of billions of dollars of investor money that had evaporated into thin air. But on Thursday, the Securities and Exchange Commission (SEC) filed charges against Terraform Labs and its CEO … Read more
The UK’s Financial Conduct Authority (FCA) has issued a warning to all cryptocurrency businesses operating in the country, reminding them to be ready for a significant change in advertising rules. The FCA has stated that company officials who violate the new regulations could face up to two years in prison. The new rules are expected … Read more
2022 has been a wild ride, to say the least. With the NFT market declining 97% according to Dune Analytics, and Bitcoin losing 63% of its value, it’s easy to see why some folks are feeling a little jaded. But, as they say, “every cloud has a silver lining.” In my opinion, the NFT market … Read more
The New York Department of Financial Services (DFS) has launched an investigation into crypto exchange Gemini, according to a report from Axios. The investigation comes after Gemini faced criticism over its Gemini Earn product, which promised users a high-yield savings account for crypto. The product worked by allowing users to deposit crypto, which was then … Read more
One of the big misconceptions about #web3 and #nfts for brands are the risks due to #cryptocurrency. In the current environment, that’s a fair concern. Here is what marketers need to know how to navigate the environment to successsfully meet this demand, and monetize the #metaverse: 1. Blockchain is different from digital currency. Digital currency … Read more
The creator economy is booming, with more and more people turning to creative pursuits to express themselves and make a living. Creative consumers are also the lifeblood of virtual worlds. In the 1990s, Ultima Online was one of the first fantasy virtual worlds. Its most engaged players—those who had a stake in how well their characters … Read more
Unless you’ve somehow managed to avoid matching with a crypto fiend on Hinge recently, you’ve probably heard about Kim Kardashian’s recent SEC charges. In case you need a recap, here’s what went down: Kim Kardashian agreed to pay a $1.26 million fine to the SEC for failing to disclose that EthereumMax paid her $250k to … Read more
In June 2021, when Bitcoin was trading at $35,585, CNN rolled out an NFT project called Vault by CNN. The goal of the project was to allow people to bid on and “own” notable moments from the CNN TV archives. However, 16 months later, with Bitcoin trading at $19,125, CNN is under new management and … Read more
I remember when NFTs started, everyone said this would be the newest most amazing thing and that it would totally transform technology where everyone would be using them control transactions and prevent fraud, and would be more than just a fad for early adopters. Of course since their inception in 2015, non-fungible tokens (NFTs) have … Read more
Facebook’s decision to rename itself Meta Platforms (META 0.99%) ignited interest in the virtual worlds that make up the metaverse, a space that Meta CEO Mark Zuckerberg has described as an “embodied internet.” Along the way, sales of virtual real estate have boomed, creating a cottage industry with speculators scooping up parcels, and even big … Read more
A recent report from Chainalysis, a blockchain data platform, says that through May 1, collectors have spent $37 billion in the NFT marketplaces in 2022. That would seem to put NFTS on track to beat the total of $40 billion spent last year. But Chainalysis says that since last summer, growth has come in spikes … Read more
Metaverse spending is predicted to total $5 trillion in 2030, according to a new report from McKinsey. The report, which surveyed 2,000 people across the US, UK, Germany, and China, found that 79% of respondents said they had already made a purchase in the metaverse. Of those who had not yet made a purchase, 60% … Read more
Ido Fishman recommends that you put your money into something insured by a bank or a money market account. Likewise, you can also dip your toes in the cryptocurrency market, which has become a household name these days and can give you some good returns.
Unfortunately, Bitcoin scams are probably the vast majority of “bitcoin investments” and this guy is no different. Not only is he hawking bitcoin investment scams, but seems to be a bit on the racist side, making rude comments all over LinkedIn about black folks. Not only is he pushing offshore Bitcoin money laundering, but for … Read more
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