Tag: blockchain

FIFA to Migrate NFT Platform to New Blockchain After May 2025

FIFA to Migrate NFT Platform to New Blockchain After May 2025

• NFT Drops

FIFA—great news, indeed! The organization will move FIFA Collect, its foundational NFT collection, from the Algorand blockchain to the newly launched FIFA Blockchain. Powered by European city diplomacy, the announcement was made on April 30 via a FIFA Collect migration FAQ.The migration is now planned for on or after May...

FIFA's NFT Shift: A Win for Artists or Just Another Power Play?

FIFA's NFT Shift: A Win for Artists or Just Another Power Play?

• Commentary

FIFA’s relocating its NFT platform, “FIFA Collect,” to a different blockchain. Big deal, right? Maybe. Or perhaps it’s the ultimate step in the long game to further centralize control – all while pretending to move toward a more workable solution. Let's dissect this, especially for those of us in Southeast...

FIFA's NFT Shift: A Win for Artists or Just Another Power Play?

FIFA's NFT Shift: A Win for Artists or Just Another Power Play?

• Commentary

For the past six years, I have helped plan hackathons throughout Southeast Asia. I have seen the creativity and passion of local artists who work hard to earn a place on the international stage. These are talents bursting at the seams here, many stifled instead by gatekeepers and predatory systems...

FIFA's Blockchain Gamble: Will Regulators Score an Own Goal?

FIFA's Blockchain Gamble: Will Regulators Score an Own Goal?

• Commentary

Meanwhile, FIFA is working on custom blockchain infrastructure to increase the utility of its NFT collectibles. It’s an audacious step, a transformative leap… or a huge doggy doo. While FIFA touts "better performance" and "improved scalability," the real question is: are regulators ready for this, and could their response inadvertently...

FIFA's Blockchain Gamble: Will It Score With Users or End in Regulation?

FIFA's Blockchain Gamble: Will It Score With Users or End in Regulation?

• Commentary

FIFA has also announced plans to migrate its NFT platform, “FIFA Collect,” to a new EVM-compatible blockchain called “FIFA Blockchain.” This implementation is definitely a provocative yet dangerous move for the agency. In the end, will it be a game winner or own goal? The answer depends on more than...

UK Crypto Rules: A New Dawn or Regulatory Nightmare?

UK Crypto Rules: A New Dawn or Regulatory Nightmare?

• Facts

The UK is poised to reshape its digital asset landscape with impending crypto regulations, signaling a significant shift in how the nation approaches cryptocurrencies. Public Finance Minister Rachel Reeves recently announced draft legislation. These laws would, for the first time, require crypto exchanges and dealers come under mandatory regulation. This...

UK Unveils Crypto Regulations, Seeks US Collaboration

UK Unveils Crypto Regulations, Seeks US Collaboration

• Regulation

Rachel Reeves, the UK Finance Minister, announced plans for a "comprehensive regulatory regime for crypto assets" at a fintech event on Tuesday. The proposals seek to mold the UK into a “global hub for digital assets.” Second, they target the fast-growing and highly speculative crypto markets.The UK has put out...

UK-US Crypto Alliance: A Regulatory Power Grab or Global Standard?

UK-US Crypto Alliance: A Regulatory Power Grab or Global Standard?

• Commentary

Is this really the dawn of responsible crypto, or a velvet-gloved land grab by traditional finance. Meanwhile, the UK has just announced its own proposed regulatory framework for crypto. This step, combined with its eagerness to work with the US on digital asset policy, has created an important conversation. Or...

Decentralized File Sharing: Is It Finally Ready for the Masses?

Decentralized File Sharing: Is It Finally Ready for the Masses?

• Facts

The promise of decentralized file sharing has lingered for years, a beacon of hope for a future where data control rests with the users, not centralized corporations. The concept is simple: break free from the limitations and vulnerabilities of traditional cloud storage by distributing data across a network of computers....

Meta Earth's KYC Gamble Will Real Users Save Web3?

Meta Earth's KYC Gamble Will Real Users Save Web3?

• Commentary

Web3.Decentralization.Anarchy, almost. It’s the Wild West of the internet, and to be honest, that’s what has made it so alluring. Will the promise of a decentralized future endure the stifling grasp of regulation? Meta Earth is wagering hundreds of millions of dollars that it can, with its KYC-based ME ID...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

ProCap's Billion-Dollar Bitcoin Bet: Genius Move or Regulatory Minefield?

ProCap’s billion-dollar Bitcoin play, made possible by taking the company public through a SPAC merger with Columbus Circle Capital, is nothing if not audacious. It's a statement. A great big middle finger, I suppose, to the established financial universe. Anthony Pompaliano, Bitcoin bull and crypto entrepreneur. He is taking a...

5 Ways MiCA Fuels Europe's Crypto Art Boom While US Stalls

Let’s face it, the crypto art world is booming. It’s a great sign that digital artists are getting their long-overdue recognition. They are establishing tangible careers, reaching audiences across the world in ways we could have never fathomed just years ago. Here's the thing: that explosion is happening much faster...

Crypto Confidence Scams: $225M Seized! Are You at Risk?

The crypto space is teeming with both innovation and opportunity. It obscures terrible risks, chief among them being confidence scams. Just last week, the U.S. government seized another $225 million in cryptocurrency. This is the largest-ever seizure of funds stolen through so-called “pig butchering” scams. In this article, we’ll look...

U.S. Attorney Aims to Recover Millions Lost in Crypto ‘Confidence Scams’

The U.S. Attorney’s Office recently filed a civil action targeting cryptocurrency investment fraud, seeking to recover funds lost by dozens of victims across the country. U.S. Attorney Jeanine Ferris Pirro joined other officials in announcing the dramatic action. This action comes in response to more than $225.3 million connected to...

Trump's Crypto Promises Ring Hollow As MiCA Steals The Show

Donald Trump speeding into the crypto lane now has all the makings of a not-so-subtle, last ditch effort to grab votes. He's saying all the right things, promising a crypto-friendly environment, but forgive me if I don't exactly rush out to buy a "Trump Coin" just yet. Words are cheap....

Coinbase Goes EU-Wide: MiCA License Secured in Luxembourg!

Coinbase has received an official Markets in Crypto-Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This pivotal move allows the cryptocurrency exchange to extend its services across all 27 member states of the European Union, potentially reaching a market of 450 million people. This license puts...