Blockchain technology offers a solution as the video content industry faces growing challenges around monetization and audience engagement. By enabling real-time payments to creators, transparent watch data and gamified audience engagement, blockchain-powered streaming platform Replay aims to empower creators and viewers. Through its free ad-supported streaming service, Replay rewards viewers for every hour watched while allowing them…
Dubai’s crypto regulator has initiated a crackdown on unregulated crypto companies and firms violating its marketing rules. On Oct. 9, Dubai’s Virtual Assets Regulatory Authority (VARA) issued fines and cease-and-desist orders to seven businesses for breaching marketing regulations and operating without required licenses. VARA said it’s conducting further investigations in collaboration with other local authorities. The regulator…
Minima introduces the embedded blockchain to the DePIN ecosystem, allowing nodes to work on any device thanks to its lightweight design. Proof-of-work (PoW) is the original blockchain consensus mechanism of the Bitcoin network and is widely praised for its security. However, the security of PoW chains is ensured by spending gigantic amounts of energy. The energy-intensive…
South Korea’s government plans to apply foreign exchange rules to cross-border transactions involving dollar-pegged stablecoins. On Oct. 8, the country’s Ministry of Economy and Finance reportedly announced that it was reviewing measures to ensure the soundness of stablecoin transactions. The government agency said that apart from being used to transact and exchange within the crypto ecosystem, stablecoins…
Amendments to value-added tax (VAT) regulations in the United Arab Emirates will exempt transfers and conversions of digital assets, including crypto. On Oct. 2, the UAE’s Federal Tax Authority (FTA) published amendments to the country’s VAT rules. According to business consultancy company PwC, the new rules include VAT exemptions for additional services, including managing investment funds and…
Singapore’s DBS Bank will launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. On Sept. 17, the bank announced that it would offer financial products linked to the price of Bitcoin and Ether, the two biggest digital assets by market cap. DBS said that starting in the fourth quarter of 2024, clients…