India’s Ministry of Finance has clarified some questions concerning the status of cryptocurrency, crypto regulation, and crypto investor protection in the country. The minister also indicated that the recommendations in the draft bill proposed by the interministerial committee are still being considered. The Indian minister of finance, Shri Pankaj Chaudhary, answered Monday some questions about…

Table of Contents    Do NFTs protect the artists who create them? What is an NFT? Why were NFTs created? Are NFTs succeeding in their intended goal? Why pessimists believe NFTs will fail Why Anil Dash believes NFTs cannot be saved Why optimists believe NFTs will succeed Summing up: Who is right? Do NFTs protect the…

Markets for digital collectibles known as non-fungible tokens (NFT) have climbed to record highs in trading volume and average prices in the past week, particularly over the weekend. NFT marketplace OpenSea saw record trading volume on Saturday and Sunday as CryptoPunks, ArtBlocks, and Bored Ape Yacht Club prices soared. While traditional crypto assets have seen…

First popularized in 2017, ICOs are back again in a somewhat new form. Really though, it’s essentially the same, only even a little riskier than before. And yes, they are now called IDOs. IDO is an initial project token offering on a decentralized exchange, another way of public fundraising. There is no official definition of…

Polish Bitcoin miners took the idea of hiding in plain sight to a new level when they placed the rack with operating crypto machines inside police headquarters. As local media reported, Polish police have found a crypto-mining rig within its own police station. Warsaw police told the local news outlet Gazeta Wyborcza it has discovered…

Following a rise in crypto-related crimes, federal law enforcement is seizing a lot of crypto assets. Now the US government has hired a cryptocurrency firm to hold all its Bitcoin seizures. This week, Anchorage Digital, a small crypto safekeeping platform, revealed its contract with the Department of Justice to store and liquidate digital assets that…

The United Arab Emirates has included the development of a national digital currency (CBDC) as a point in the country’s Central Bank development strategy for 2023-2026. But the path there was not easy: initially, it was conceived of as a monetary unit for several Arab countries at once. In early July, it became known that…

Breaking crypto news from the last week (24 – 30 July 2021): 24 July: Twitter CEO Jack Dorsey sees Bitcoin as a big part of Twitter’s future and forecasts its integration into Twitter services and new features, including Twitter Tip Jar and Super Follows. 25 July: In various experts’ opinions, Bitcoin has proven to be…

Could DeFi revolutionize finance? And can regulators do something about it? Chris Matthews reflects in his MarketWatch column, while Washington is paying close attention to this $100 billion movement. More than a decade after its creation, Bitcoin and other cryptocurrencies have failed to achieve the dream of a new, widely-used global currency free from the…

The U.S. Securities and Exchange Commission (SEC) claimed settled charges against UK-based Coinschedule. The Coinschedule platform that reviewed upcoming initial coin offerings (ICOs) from 2016 to August 2019 was providing overviews of which ones were more or less fraud. According to the SEC’s July 14 order: “The platform claimed to ‘list’ or profile the ‘best’…