The chairman of the Monetary Authority of Singapore said the country’s financial regulator won’t regulate NFTs unless they become securities.
The post Singapore currently has no plans to regulate NFTs appeared first on The Block.
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- In an era of attention scarcity, L1 teams are employing a variety of strategies in order to build sustainable network effects
- Pockets of growth can still be found within different ecosystems, fueled by product innovation
- This week, we take a look at BNB Smart Chain, Cronos, Solana, and Fantom
Berlin-based venture capital firm Cherry Ventures is set to dive into the digital asset space with a new $34 million crypto fund.
The post Europe’s Cherry Ventures dives into crypto with new $34 million fund appeared first on The Block.
The move follows a tie-up between crypto exchange Binance and the Dubai World Trade Centre.
The post UAE to issue licenses for virtual asset providers by end of Q1: report appeared first on The Block.
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Quick take
- On-chain options markets continue to lag other DeFi verticals in adoption. The main challenges in decentralized options markets have been managing risk bootstrapping liquidity
- Current approaches range from on-chain peer-to-peer order matching to options-focused AMMs
- Primitive takes a novel approach of using custom spot pools whose LP shares are designed to replicate payoff structures for conventional options strategies
A group of US senators introduced legislation Tuesday centered around El Salvador’s adoption of bitcoin as legal tender.
The post New US Senate legislation mandates plan to ‘mitigate potential risks’ of El Salvador’s bitcoin adoption appeared first on The Block.
Disney has hired tech executive Mike White to fill a new role coordinating the company’s metaverse efforts, according to a memo that CEO Bob Chapek sent to employees.
The post Disney hires Mike White to lean into metaverse efforts appeared first on The Block.
Mobile users of social media platform Twitter can now add Ethereum addresses to the list of options for would-be tippers.
The post Twitter now lets users add Ethereum addresses as a mobile tipping option appeared first on The Block.
Quick Take
- Fantom has grown to become the fifth-largest DeFi chain by TVL on the back of the hype about “ve (3,3).”
- Here’s what you need to know about Andre Cronje’s latest DeFi experiment and how it was bootstrapped.
