Last Friday, after we published our most recent market thoughts, FTX and dozens of its affiliated companies including the troubled prop trading firm Alameda Research filed for bankruptcy protection. The filing concluded one of the swiftest and sharpest downfalls in corporate history. In 7 days since the initial CoinDesk article by Ian Allison, $40B of equity
Despite the recent voltality in the technology sector, the metaverse remains an intriguing concept. The metaverse holds out the promise of elevating the current digital landscape by merging real-life scenarios and the digital space, and by integrating more technology-centric forms of commerce, such as digital tokens and cryptocurrencies. The interaction between brands and the metaverse has been one of
The world is changing faster and more profoundly than ever before. We’ve entered an age of transformation many have referred to as the fourth industrial revolution or the digital transformation. As a result, many new innovations are being discussed and adopted around the world as we begin to see a future where digital technology is a ubiquitous
The Financial Accounting Standards Board on Wednesday said companies should use fair-value accounting for measuring bitcoin and other crypto assets, moving a step closer to a standard that could clear up uncertainty over reporting how much such holdings are worth. There are currently no specific accounting or disclosure rules for cryptocurrency assets, so businesses classify
Kristin Smith, executive director of the Blockchain Association, joins CNBC’s ‘Squawk Box’ to react to a new bipartisan bill that includes potential crypto regulation. READ MORE FROM THE ORIGINAL SOURCE HERE
How well do you know the different Blockchain and Web3 token types? Check out this framework and let me know what you think… Tokens are a lot more than just fungible or non-fungible. And importantly, there’s a lot more to the application of tokenisation than most people realise. ‘NFT’ has become a common reference, but
The Metaverse has become one of the biggest buzzwords of the year as a number of brands, companies and even countries begin to explore virtual worlds to conduct business. Even though Metaverse development is still underway, a recent report from the technology research and advisory firm Technavio found that the Metaverse will hit a market share value of $50.37 billion by
Web3 is an innovative and sometimes confusing space that many businesses are still learning to navigate and maximize. For some of the biggest brands in the world, Cathy Hackl has been the essential guide into the Metaverse. Hackl is a Web3 strategist and tech futurist. As founder and Chief Metaverse Officer at Journey (formerly Futures
Animoca Brands, Asia’s biggest investor in blockchain projects, is building a portfolio of more than 340 finance, gaming, and social media companies worth over $1.5 billion. Earlier in July, the firm raised an additional $75M valuing the company at $5.9 billion. Take a look at its impressive portfolio of investments below: READ MORE FROM THE
WASHINGTON — The Federal Deposit Insurance Corp. is warning banks about the dangers posed by crypto-company partners that overstate the protections afforded by deposit insurance. The FDIC issued an advisory Friday that it’s “concerned about the risks of consumer confusion or harm” arising from digital assets that are offered in connection with an insured depository
