Singapore MAS proposes to ban cryptocurrency credits
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. Go to Source Powered by WPeMatico
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Apple Unveils Stricter App Store Rules for Crypto and NFTs — Critic Says Firm Wants to Keep Money in Its Ecosystem
According to Apple’s latest guidelines for developers seeking to have their apps included in the App Store, crypto exchange applications should only facilitate the transfer of crypto funds to approved exchanges. Where payments are needed to unlock features or functionality, Apple says apps may only “use in-app purchase currencies.” Only In-App Purchase Currencies May Be … Read more
Swiss Seba Bank launches NFT custody despite market decline
Seba Bank’s retail and institutional clients can now store tokens of Ethereum-based NFT collections like Bored Apes and CryptoPunks in the bank’s new custodial service. Go to Source Powered by WPeMatico
CashApp adds support for Bitcoin Lightning Network
There is a limit of $999 every seven days for BTC transactions on the Lightning Network. Go to Source Powered by WPeMatico
South African crypto landscape primed for TradFi growth after FSCA ruling
Industry insiders believe South Africa’s move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector. Go to Source Powered by WPeMatico
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote. Go to Source Powered by WPeMatico
Reddit NFT trading volume hits all-time high as wallet holders near 3 million
Meanwhile, the minting volume of nonfungible tokens have been declining steadily. Go to Source Powered by WPeMatico
Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT
The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles; he is also a firm crypto supporter. Go to Source Powered by WPeMatico
Tesla’s Bitcoin losses rise to $170M in first 9 months of 2022
The electric vehicle maker’s actual BTC losses are far lower with $64 million worth of previously realized profits to offset the decline. Go to Source Powered by WPeMatico
Japanese port city wants to become the Web3 hub for the country
Through a new collaboration with Astar Japan Labs, the city of Fukuoka aims to become the Web3 hub of the country, akin to Silicon Valley. Go to Source Powered by WPeMatico