Hong Kong working on investor protection regulations
Hong Kong central bank executive is optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts. Global governors of central banks are currently meeting in Thailand to examine the function of central banks in the context of developing financial technology. The Bank of Thailand (BOT) and the Bank for […]
Mozilla acquires Active Replica to build on its metaverse vision
Mozilla, has completed the acquisition of the US-based virtual spaces and events start-up Active Replica to bolster its metaverse strategy. Mozilla, a web development company well known for its web browser Firefox, has jumped into the Web3 and metaverse development sector, joining the rush of other legacy internet platforms. The company announced its acquisition of […]
3AC bankruptcy faces issues amid unknown location of founders
The liquidators claim 3AC Co-founders are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce. Judge Martin Glenn ruled on Dec. 2 during a virtual hearing for the Southern District of New York Bankruptcy Court that Three Arrows Capital (3AC) liquidators must provide more paperwork before he will allow them […]
Magic Eden follows OpenSea with NFT royalty enforcement tool
Magic Eden, a Solana-based nonfungible token marketplace, has released a tool allowing creators to enforce royalties on their collections. It comes after competitor NFT marketplace OpenSea revealed a comparable feature at the beginning of November. The Open Creator Protocol is the name of the open-source tool for enforcing royalties, which is built on top of […]
New York proposes to charge crypto companies for regulating them
The New York State Department of Financial Services (DFS) has submitted a proposed change that would allow it charge licensed crypto companies. The proposal is led by DFS Superintendent Adrienne Harris, who is looking for public feedback on the move as the regulator looks to gain further oversight controls. While it might sound like a […]