The FTX dumpster fire is still smoldering, and this time the blaze is being fanned towards NFT Star and Delysium. FTX, in its relentless pursuit to claw back assets, is suing these entities for failing to deliver tokens promised under SAFT agreements. Or is this only about recouping losses? Or...
427 registered crypto exchanges in Australia. Let that number sink in. It’s almost twice the amount of suburbs in their competitors Melbourne! Does that sound right to you? Does it feel right? So it sure doesn’t compute for me. Even as someone who has lived, eaten and breathed in the...
Despite the sunny surf beaches and casual lifestyle often associated with Australia, it’s a real hub of activity for crypto exchanges. According to new data, there are an unbelievable 427 registered crypto exchanges in the country Down Under. As the Australian Transaction Reports and Analysis Centre (AUSTRAC) is warning. Their...
AUSTRAC’s strong approach is much needed, to protect and improve the DCE landscape in Australia. They’re encouraging non-operational exchanges to deregister voluntarily, or else be deregistered through cancellations. 427 registered exchanges? Yikes, now that does sound like a fertile environment for nefarious deed. And nobody wants their hard earned money...
The metaverse sold us on a pair of digital sneakers and a world oozing with customized avatars. Nike, through its acquisition of RTFKT, leaped into the NFT pool with both feet. Now? They’re under the shadow of a class-action lawsuit, charged with foisting off unregistered securities on the investing public....
Did the Fed just open Pandora's Box? It certainly feels that way. The recent withdrawal of crypto guidance for banks – the rescinding of those 2022 and 2023 supervisory letters, the backing away from joint statements with the FDIC and OCC – screams one thing: the potential for a regulatory...
Startup India's embrace of Web3 feels like watching a high-stakes poker game where the dealer suddenly switches to a deck of cards no one's ever seen before. An unprecedented federal program is stoking explosive growth and entrepreneurial aspirations. To advance its goals, it is now betting on a technology that...
Nike’s NFT adventure, previously praised as a daring step into the metaverse, is now stuck in a legal quagmire. And frankly, it's about damn time. The class-action lawsuit alleging unregistered securities offerings through RTFKT NFTs isn't just about those specific digital shoes; it's a glaring spotlight on the regulatory vacuum...
Can India actually unlock the potential of ethical AI with Web3? Or will we bumble our way into a regulatory morass that inhibits innovation and causes more harm than good? The narrative being spun is one of empowerment: decentralization, transparency, and privacy, all supposedly baked into the Web3 promise, solving...
The world of Decentralized Finance (DeFi) definitely feels like the Wild West right now. Here, innovation is king, and most consider regulations to be pesky limitations on creativity. A deeper dive reveals an inspiring story. Well-crafted, strategic, risk-based regulations will allow DeFi’s benefits to reach the mainstream. Intelligent regulatory frameworks...
