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Only 1 in Top 25 NFT Projects Attempt to Give True Ownership, Report Claims
A new Galaxy Digital report explores the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn breaks down the key takeaways, saying “only one project in the top 25 by implied market cap actually attempts to give true ownership for the underlying artwork to its token holders.”
Rep Tom Emmer Asks Treasury Department to Explain Tornado Cash Sanctions
U.S. Congressman Tom Emmer (R-Minn.) asked the Treasury Department’s Office of Foreign Asset Control (OFAC) to explain its sanctioning of crypto mixer Tornado Cash in an open letter tweeted Tuesday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Most NFT Projects 'Convey No Actual Ownership': Galaxy Digital Research
A new report from Galaxy Digital highlights the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn discusses the key findings, saying "the vast majority of NFT art projects ... convey no actual ownership for the underlying content."
Bitcoin Trading Sideways Around $21K
Bitcoin (BTC) is hovering around $21,400, roughly where it stood 24 hours ago. Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses his crypto markets analysis and outlook, explaining "the problem with bitcoin" losing its narrative ahead of the Ethereum merge. Plus, what to expect from Federal Reserve Chair Jerome Powell's Jackson Hole remarks Friday and the potential impact on the markets.
Huobi Warning Issued; Singapore’s Blockchain Aims
Huobi Global talking to Malaysian regulator after being put on investor alert list. What’s happening with crypto regulation in Asia? Singapore’s developing crypto landscape. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Coinbase CEO Addresses Crypto Winter Concerns; RBI Governor Says Central Bank’s Warnings Pushed People to Avoid Crypto
Coinbase CEO Brian Armstrong admits crypto winter has been tough on the crypto exchange, calling it a “little painful.” The Reserve Bank of India’s governor says he’s glad the central bank sounded the alarm about crypto, suggesting this spared many investors the pain of losses during the market downturn.
What to Expect From Fed's Upcoming Jackson Hole Meeting
OANDA Senior Market Analyst Edward Moya discusses what to expect from the Federal Reserve's annual Jackson Hole meeting Friday and its potential impact on the crypto markets. "There's optimism here that we see the peak in inflation," Moya said. Plus, levels to watch for bitcoin's (BTC) price.
US Traders Account for Most Crypto Exchange Website Visits
U.S. traders are the most active participants in the crypto markets, according to new data from Arcane Research. The analytics firm tracked website traffic for 35 of the largest crypto exchanges around the world and found that U.S. investors represented more than 14% of all crypto exchange visits.
Samsung Securities, Others Eye Launching Crypto Exchanges in 2023: Report
Seven large traditional brokerages in South Korea, including Samsung Securities, have started laying the groundwork to launch their own crypto exchanges in the first half of next year, according to Korean outlet NewsPim. “The Hash” panel discusses what this means for South Korean crypto adoption and regulation.
Coinbase Allegedly Failed to Secure User Accounts, Faces Class Action Lawsuit
Coinbase is facing a class action lawsuit after the crypto exchange allegedly failed to properly secure customers’ accounts, leaving it vulnerable to theft and unauthorized transfers. “The Hash” panel breaks down the lawsuit and outlook on investor protection in the crypto sector.