Chinese Court Reportedly Declares Virtual Assets as Legal Properties
A Chinese People’s Court issued a report on the legality of virtual assets, stating they remain legal property protected by law under the current legal policy framework. The People’s Courts of the People’s Republic of China exercise independent judicial authority and are not subject to administrative or public organization interference. In addition to criminal, civil, […]
Adidas Launches NFT Residency Program for Web3 Artists
Adidas, the global sportswear brand, has announced a new initiative to support and showcase digital artists in the Web3 space. The program, called RESIDENCY by Adidas, will feature a series of NFT art sales and physical collaborations with selected artists from around the world. Introducing RESIDENCY by Adidas: A New Initiative for Web3 Artists RESIDENCY […]
TRYB Stablecoin Surges in Market Cap Amid Crypto Boom
The TRYB stablecoin, which is backed by the Turkish lira and issued by fintech company BiLira, has seen a 325% increase in its market cap in three weeks, making it the second-largest non-USD-pegged stablecoin in the world. The TRYB stablecoin is an Ethereum-based token that allows users to issue and redeem 1 TRYB for 1 […]
OKX Plans to Enter India Market with Local Hirings
Cryptocurrency exchange OKX intends to enter the Indian market and hire local employees to expand the capabilities of Web3 applications. OKX’s chief marketing officer, Haider Rafique, stated that the company intends to “exponentially” expand its wallet services by joining India’s developer community. He added that 200,000 OKX Wallet users are in India, representing less than […]
SEC Delays Spot Bitcoin ETFs Again, Crypto Market Drops
The SEC has postponed its decision on seven spot Bitcoin ETF applications, dampening the crypto market sentiment. This comes after Grayscale’s legal victory over the SEC, which had raised hopes for early approvals. The crypto market took a hit on Thursday as the U.S. Securities and Exchange Commission (SEC) delayed its decision on applications for […]