LÜM to introduce ‘Access Pass’ NFTs for 25 popular musicians
Users of the LÜM platform will be able to purchase NFTs associated with their favorite performers and exchange them with other fans. LÜM , a music platform located in the United States, is slated to unveil 25 collaborations with well-known musicians later this quarter as part of a re-launch with NBA Top Shot’s Dapper Labs. […]
India confiscates assets in a $162M Morris coin crypto investment scheme
The Indian Enforcement Directorate confiscated assets worth $5 million in relation with a $162 million cryptocurrency fraud employing Morris coin. In connection with a cryptocurrency fraud, India’s Enforcement Directorate (ED), a specialized financial investigative agency under the Department of Revenue, Ministry of Finance, has confiscated assets worth 36.72 crore rupees ($5 million). Authorities in India […]
Coinbase acquires CFTC-regulated derivatives exchange
On January 13th, Coinbase announced the acquisition of FairX, a CFTC-approved derivatives exchange. The move, according to the business, would allow it to provide crypto derivatives to American consumers. “The acquisition is a key stepping stone on Coinbase ’s path to offer crypto derivatives to retail and institutional customers in the US.” Derivatives are financial […]
Visa Survey reveals crypto payments could skyrocket In 2022
Visa Inc, the world’s largest payment firm, has polled 2,250 small companies in nine countries to see if they plan to accept cryptocurrency payments. According to Reuters, Visa expects numerous retail enterprises to join the cryptocurrency boom this year. The payment business has long been active in the cryptocurrency market and sees widespread acceptance as […]
Bank of America predicts Solana could become the Visa of Cryptocurrency
A Bank of America digital asset strategist said on January 11 that Ethereum competitor Solana may become the “Visa of the digital asset ecosystem.” Since its inception in 2020, the Solana network has evolved to become the sixth biggest cryptocurrency, with a market valuation of $47 billion. It has been used to settle over 50 […]