The Founder of Cardano Wants to Fix the DeFi Sector

During a YouTube livestream from his home in Colorado, Charles Hoskinson, CEO of Cardano developer Input Output, spoke on the disadvantages of decentralized finance, noting that many users are extremely frustrated with the low production quality of applications within the DeFi ecosystem. He goes on to say that losses from scams and breaches, which largely occurred in the Ethereum ecosystem, totaled $10.5 billion in 2021.

Many crypto initiatives, according to the CEO of Input Output, rely on "hope and prayer" rather than rigorous engineering. As a result, he believes that many initiatives will fail to endure the test of time.

"It's really difficult to accomplish this sort of engineering, and it's much more difficult to do it well and with a future in mind."

Developing DeFi standards

Cardano, according to the crypto entrepreneur, will be able to address this by developing a set of DeFi-specific standards that will screen out low-quality apps.

According to Hoskinson, the Ouroboros family of consensus protocols will ensure that Cardano is there for decades.

Cardano's creator claims that he is sick of it.

Assuring scalability is a must.

With the aid of Hydra, a scaling solution named after a legendary monster, and sidechains, it will be able to speed up transactions on Cardano. Within the next several decades, Hoskinson anticipates billions of people to join the ecosystem.

According to Hoskinson, an unprecedented number of developers are working on Cardano's core infrastructure and DeFi ecosystem. Cardano came under criticism earlier this year after a decentralized exchange failed to process transactions owing to a concurrency issue, which Hoskinson maintains is "totally" made-up.


On NFT and heritage: Questioning the notion of legacy itself

Garry Kasparov uses NFTs to shake up the fundamental ideas of tradition, legacy, and history in order to usher in the new era of Web 3.0. Israeli serial entrepreneur Ariel Shapira analyzes developing technologies in the crypto, decentralized finance (DeFi), and blockchain areas, as well as their roles in creating the economy of the twenty-first century, in his monthly crypto tech column.

Two key patterns can be seen when looking at the nonfungible token (NFT) ecosystem as it has developed in recent months. On the one hand, a completely new market that allows various artists to participate in a new creator economy — the creators of the Bored Ape Yacht Club, various types of pixel art creators, and creative flickers like the creator of long-necked women's paintings, the sale of which brought the artist, who is only 12 years old, close to 1,394 Ether (ETH), equal at the time of writing $6 million.

However, the fact is that an NFT is much more. Take, for example, one of the first large NFT transactions, when Jack Dorsey sold the first tweet on Twitter for $2.9 million at the time. Although this NFT acquired value, its integration as an NFT retained a form of legacy.

When Twitter or the obsolete text platform vanishes from the web, as many other sites that were once part of the web's chronicles have, the only things left will be those for which someone has established commercial worth, in addition to symbolic significance. A distinctive asset that stands alone and makes the preservation of history and legacy a long-term business.

NFTs are Garry Kasparov's specialty.

Garry Kasparov, the former world chess champion who held the title for the longest period of time, has opted to digitize his legacy and transform huge chapters of his history into an NFT. "My NFT partnership with 1Kind represents my longstanding drive to take on new challenges and collaborate with cutting-edge technology," Kasparov adds. "I've always felt that innovation is the only path ahead, from artificial intelligence to cryptocurrencies and the blockchain. We've collaborated closely from the beginning to develop not only one-of-a-kind objects, but also an entirely new manner of employing NFTs to convey a tale with true history."

Kasparov's interest in human-machine interactions is one of the most intriguing aspects of his personality. Kasparov is widely regarded as the greatest chess player of all time. The youngest person to win the world championship and the world chess champion with the longest reign.

But it was his clashes against supercomputers that made him famous throughout the world. Kasparov has conquered state-of-the-art chess machines on several occasions, but his loss to IBM's Deep Blue computer in 1997 was a watershed moment, symbolizing the reality that artificial intelligence may match and even surpass human intellect. On a symbolic level, it was precisely this defeat that connected Kasparov's fate to the digital age's progress. Now, with the NFT initiative, which Kasparov is launching with the 1Kind platform, he's upending basic ideas like heritage, legacy, and history once more. Kasparov wants to develop a digital presence for different periods of his life, producing a legacy that isn't reliant on displays, display cabinets, or history books. Objects, photographs, and artworks from his past, He drops through NFTs to maintain a history before it fades, and to bring in additional individuals who are interested in conserving that tradition, not to promote some creative economy like the Dorsey tweet. As Kasparov puts it:

"This is the first time that my complete life — my life — will be transformed into NFTs. I wanted to convey everything that shaped me and my legacy on and off the chessboard, not just my chess games and accomplishments."


Sandeep Nailwal, co-founder of Polygon, explains how the company is working to overcome Ethereum's constraints.

According to Nailwal, Polygon's scalability, fast processing speeds, and low gas prices give a solution to Ethereum's present network restrictions. Polygon (MATIC), a layer-two network built on Ethereum (ETH) for scalability and application infrastructure development, has recently gained traction among blockchain aficionados. The network's momentum is robust, with a $1 billion investment in zero-knowledge technology, a $200 million Web 3.0 social media project, and integration with Opera's web browser to make its decentralized apps available to 80 million Android mobile users.

However, aside from relationships and commerce, the network's technological capabilities, particularly when compared to Ethereum, are grabbing the attention of many blockchain developers. Polygon co-founder Sandeep Nailwal discussed the network's adoption in an exclusive conversation with Cointelegraph.


BIS Exec Says Defi As 'Wake-up Call' for Regulators, Global Crypto Policy Expected By 2022

Crypto is "expanding extremely rapidly" and "becoming popular in a different way," according to Benoît Curé, an assessor at the Bank of International Settlements (BIS). He stated governments "are likely to agree on a global framework for crypto next year," stressing that financial decentralization (defi) is a "wake-up call" for financial authorities.

The BIS Officer interprets the definition as a regulator's wake-up call, with global policy expected in the coming year.

Last week, Benoît Curé, a member of the BIS Executive Committee and the current head of the BIS Innovation Center, spoke on bitcoin, global regulation, and decentralized finance (defi).

Curé is a member of the European Central Bank's (ECB) Executive Council, and before to joining the ECB, he held several roles in the French Ministry of Finance and the French Office of Debt Management. He learned that he had been selected to run the French competition authority on Thursday.

Worldwide regulators have escalated their discussion on a high-level global for cryptocurrencies and decentralized finance, according to the chairman of the BIS Innovation Center. An excerpt from the publication is as follows:

"Financial authorities are expected to establish a worldwide framework for crypto next year after being jolted awake by the fast expansion of decentralized finance."

The BIS executive said that authorities couldn't ignore the defi since it "opens new paths..." for links with traditional finance, which might lead to new types of systemic risk.

Curé expects that the Financial Stability Board (FSB) will become the most convenient platform for regulators throughout the globe to develop a uniform framework, with the objective of having it completed by 2022. She does, however, say that "countries-countries are taking time to implement new policies," meaning that "a globally stable environment may take another two or three years." According to a BIS executive,

"The concern in 2022 is that great wants,such as Europe, the United Kingdom, the United States, and China, continue to move, but in distinct directions, resulting in non-global systems."

Curé believes that varied approaches to crypto by different nations will provide chances for "regulatory arbitrage," or organizations and people that help authorities by choosing the most profitable venues for trading. "That is a risk to be avoided," he said, "and there is still time to avoid it." Last week, last week, last week, last week, last week, last week, last week, last week, last week, last week, last week, last week, last week,

It's developing at a breakneck pace and... becoming mainstream in a new way, so the moment for uniform regulation is approaching.


Robinhood Launches Cryptocurrency Exchange Program

Robinhood is a cryptocurrency trading platform that lets users to transfer and receive bitcoin, dogecoin, ether, bitcoin cash, and litecoin, among other cryptocurrencies. Users can only reward $1 in crypto money, just like in crypto trading, and there are no commissions.

The Robinhood Cryptographic Rewards Program is a program that rewards you for using Robinhood. On Thursday, Robinhood launched the Robinhood Crypto "Cryptocurrency Rewards Program."

Users can grant $1 in cryptocurrency, according to online service Robinhood, but payments must be processed within 3-5 days. "As with crypto trading, the reward is :

"After you've completed your one-of-a-kind present, you can send it to someone special via a special link that will be given to their phone."

The crypto reward scheme is planned to be introduced on December 22nd. According to the Robinhood website, crypto rewards are not accessible in Nevada or Hawaii.

"Once the Sender picks and verifies the required amount and cryptocurrency, the Sender is entirely responsible for distributing the reward link, which the receiver may use to claim the award," the Company will note:

"Within 14 days after receiving the award, make sure your receiver has a Robinhood Crypto account. If the contribution isn't accepted, don't worry; you won't be charged a fee, and you'll have the right to brag about how you helped the library with crypto."

At the present, Robinhood Crypto supports bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC), and litecoin (LTC) buying, selling, and trading in real time (LTC).

SHIB by Robinhood has been listed on by supporters of the shiba inu cryptocurrency meme. However, Robinhood previously indicated that registering for other cryptocurrencies is not difficult.

Robinhood's transaction-based revenue in the third quarter reached $267 million, with $51 million coming from bitcoin trading. Aside from that, Dogecoin transactions accounted for 40% of cryptocurrency-based income in the three months ended September 30. Before the launch of its crypto wallet, Chainalysis announced that they had partnered with Robinhood to improve their trading platform's performance.


The world's most famous douchebag has an NFT collection.

Forget about all the talk about technology revolutions, this is a true and artistic masterpiece. This site's douchebags are attempting to infect everyone with NFT! Douchebags are embracing NFT in droves all around the world.

Today, it's evident that there are tens of thousands of respectable artists in a space coin that isn't worth growing, and Paris Hilton is the most famous of them all.

NFT is a possibly game-changing phenomena that has just been named the most powerful ArtReview entity in the art world, but probably not as a consequence of the "catastrophic failure" that resulted in John Cena becoming the only person to win the WWE Championship.

There may be a variety of applications for NFT, such as the preservation of censorship-resistant historical documents, that future generations will question why we need censorship-resistant time. However, don't expect this significant benefit to compensate for the extreme evil being perpetrated in the world by people like Jacob Chansley.

Chansley's collection of 1,006 Shamans advertised her PR rep as a way for consumers to become part of a "community of those interested in the convergence of politics, crypto, media, tribal, and Shamanic culture" (the website).

It's neither called "A thief who tries to steal your money just via exploitation is completely shameless" or "A criminal who tries to seize your money solely through exploitation is correct." You do, however, mention tomatoes.

The assortment is intriguing, but they all come out the same hue, which may leave you questioning why multicolored food was introduced in the first place...

Chansley's rebel persona, 'QAnon Shaman,' features a number of douchey clothes, the most noteworthy of which is a fur cap with horns, followed by an orange jumpsuit. Unfortunately, the latter does not exist in the behorned collections, which are outmoded, half-assed, and derivative.

The majority of the collection's sloppy and unimaginative pictures were drawn "under exclusive permission" by "unknown artist," who should pique the interest of collectors everywhere.

The series includes "a never-before-seen photograph of Jacob dressed in a crypto costume" and — get this! — "is meant to encourage productive and meaningful dialogue," according to the press release, which is more creative. reason because because because because because because because because because because because because because because because because because because because because

"If you're interested in covering this, we'd be happy to give further quotes and context from Jacob and his mother," Cointelegraph responded after getting the message.

If anyone is curious about Dukun QAnon, it's his mother. I'll be damned if I connect to the collections, which are in every city. But, if you must, keep in mind that if you buy NFT in order to promote the deranged right-wing conspiracy theorist and Trumpian madman, he'll blame Trump for your disappointment.

And it's based on the fact that Chansley "has a liking for Trump that's no different from the first love a man may have for a lady, or a girl for a guy, or a guy for a guy, or a guy for a guy, or a guy for a guy, or a guy for a guy, or a guy for a guy, or so."


Cryptocurrency commercials for Coinbase and Kraken have been prohibited by the UK Advertising Standards Authority.

ASA wants to be clear that previous crypto demonstrations have not been able to reproduce comparable conditions in the future. A number of cryptocurrency-related marketing campaigns that have been used to promote a number of significant firms have been suspended by the Advertising Standards Authority, or ASA, an independent UK regulator.

On December 15, the advertising watchdog issued a number of findings about ad breaches involving six crypto-related companies: Coinbase, Kraken, eToro, Exmo, crypto broker Coinburp, and crypto exchange Luno. The American Society for the Prevention of Cruelty to Animals (ASA) also issued an official warning to the Papa John's pizza franchise.

According to the judgement, the seven advertisements or promotions were prohibited for "irresponsibly exploiting novice customers and neglecting to communicate the danger of investing."

The ASA claims that in July 2021, Coinbase's European office particularly advertised a "misleading" promotion on its sponsored Facebook ad, suggesting that "five pounds in Bitcoin in 2010 will be worth more than 100,000 pounds."

The advertising regulator stated that this commercial "implies a comparable assured growth in the value of Bitcoin over the next decade." The ASA notes that Coinbase Europe "doesn't make it clear that previous performance is not indicative of future results."

Another ASA decision was made against operator Kraken Payward in August 2021, in relation to a digital Kraken banner that was visible at London Bridge station. Because the risk disclaimer was only displayed "for one second," the watchdog said that the ad did not include an adequate danger warning.

"We believe risk alerts to give customers with a vast amount of information that will not be properly read or comprehended even if seen at all," says the statement.

The ASA's recent regulatory step joins a series of similar rulings taken earlier this year because authorities have been actively tracking down and removing false crypto marketing.

In May, the ASA ordered the Luno exchange to stop running another ad campaign. With a sign that reads, "If you see bitcoin on the Underground, it's time to purchase," this ad is displayed across the London Underground network and on this London bus. Previously, the regulator had prohibited the Coinfloor exchange from running advertising campaigns.


Binance has partnered with an Indonesian telecommunications company to promote new cryptocurrency tokens.

Binance has partnered with PT Telkom Indonesia, a state-owned firm in Indonesia, to develop a digital currency. Binance, the world's most popular cryptocurrency exchange, has teamed up with MDI Ventures, a venture capital arm of PT Telkom Indonesia, to create a cryptocurrency platform.

The collaboration will strive to boost blockchain usage in Indonesia, which has a population of roughly 240 million people, according to a joint release made on Wednesday. Binance will assist in the establishment of a new exchange platform by providing infrastructure and technical management. The aforementioned agreement will also help Indonesia enhance its blockchain technologies.

Binance can now grow into the nations where it has invested in the Tokocrypto cryptocurrency trading platform. Binance's CEO and founder, Changpeng Zhao, commented,

"At Binance, we want to build a worldwide blockchain and cryptocurrency ecosystem, and our initiative in Indonesia is a big step in the right way," he added. By aggressively embracing cutting-edge technology and using its immense economic potential, Indonesia might become Southeast Asia's top blockchain and crypto powerhouse."

MDI Ventures is Indonesia's largest technology investment business, with a portfolio worth over $830 million with investments in a wide range of sectors. The identities of the other firms in the MDI consortium are not revealed in this statement.

Binance aspires to establish a footprint across Asia, despite substantial regulatory limitations in the second and third quarters of 2021. Binance's Singapore subsidiary has purchased an 18 percent share in Hg Exchange, a local private securities exchange.


Vitalik Buterin, co-founder of Ethereum, has published a 'Plausible Roadmap' for addressing scalability.

The Ethereum network has recently come under fire for its data transmission costs and scalability. Vitalik Buterin, the co-founder of Ethereum, outlined efforts to increase scaling, the imminent proof-of-stake transition, and censorship resistance in a blog post titled "Endgame" released on December 6.

In an Endgame blog post, Buterin lays out a plausible Ethereum scaling roadmap.

Vitalik Buterin, the Ethereum project's well-known co-founder, has published his ideas for a "plausible path" to address the network's scalability concerns. The "Endgame" blog article describes a few concepts, including a "second layer of staking with modest resource needs" and the introduction of fraud proofs or Zk-Snarks, which allow ETH users to "cheaply" obtain block validity. Buterin's strategy aims to develop the blockchain without sacrificing censorship resistance.

"What do we receive after it's all said and done?" In his most recent blog post, Buterin poses the question. "We achieve a chain where block production is still centralized, but block validation is trustless and extremely decentralized, and block producers are prevented from filtering by specific anti-censorship magic." Buterin goes on to say:

Even if every single one of the primary stakers (block producers) is intent on attacking or censoring, the worst that they could do is all go offline at the same time, at which point the chain stops accepting transactions until the community pools its resources and sets up one honest primary staker node.

Buterin talks about the Ethereum Rollup Roadmap, Big Block Chains, and Cross-Domain MEVs.

Buterin's current blog post comes after conversations amongst Ethereum developers at the end of November concerning topics like EIP-4488. The approach might cut data transmission costs in half, according to Ethereum engineer Tim Beiko, who also expressed his opinions on EIP-4488 and cutting rollup costs. Buterin also discussed utilizing rollups and the technology's "potential long-term future" in the Endgame blog post.

"Despite the inherent unpredictability," Buterin emphasizes, "Ethereum is incredibly well-positioned to respond to this future environment." "A significant advantage of the Ethereum rollup-centric roadmap is that it allows Ethereum to be open to all futures without having to make a decision about which one will triumph." Buterin continued, "

Researchers on Ethereum should consider whether degrees of decentralization in block manufacturing are truly possible. If cross-domain MEV (or even cross-shard MEV from a single rollup taking up many shards) makes it unsustainable nonetheless, it may not be worth it to add expensive infrastructure to make highly decentralized block generation feasible.

"There is a road for them to convert into something trustless and censorship-resistant," Buterin adds of "large block chains," "and we'll soon find out if their core developers and communities genuinely value censorship resistance and decentralization enough to achieve it." "It will likely take years for all of this to play out," Buterin concludes in his blog post.

"Sharding and data availability sampling are difficult to deploy technologies. People will be totally comfortable keeping their assets in a ZK-rollup running a full EVM after years of refining and audits," Buterin says in his Endgame essay. "As for cross-domain MEV research, it's still in its early stages." However, it is becoming increasingly evident how scalable blockchains will have a realistic but bright future."


Palm NFT Studio, a crypto firm, has received a $27 million investment from Microsoft.

Palm NFT Studio, a cryptocurrency business, has announced a Series B fundraising round funded by Microsoft's (NASDAQ: MSFT) venture fund M12. The business stated in a news statement that the funds will be used to grow its team as it develops its services into entertainment, fine art, gaming, and creative culture.

The business highlighted the continuous development of the Palm NFT Studio technology platform, which enables the creation and deployment of large-scale NFT drops on the Palm Network. The focus on developing the company's structure, according to Dan Heyman, Co-Founder and CEO of Palm NFT Studio, is in accordance with the NFT space's predicted expansion.

"Within three years, the majority of NFTs will be free." Palm NFT Studio is paving the path for a change away from NFTs as unique collectibles and toward widespread community interaction. "We envisage programs that mint millions of NFTs with usefulness," said Heyman, "social objects that link communities, encourage participation, and reward real fans."

Palm NFT Studio has also concentrated on developing its compliance bureaus since entering the market, as regulatory organizations have increased their interest on the cryptocurrency field. RRE, Third Kind Venture Capital, NFT investor Sfermion, and The LAO are among the other investors in the round.

Investments in crypto companies are increasing.

Palm NFT Studio's recent funding adds to the rising investment in bitcoin firms as the industry matures. According to statistics from PitchBook, venture capital companies had invested $21.4 billion in cryptocurrency-related businesses as of October 1st. Palm NFT Studio has published numerous projects since its start eight months ago, including Palm Network, an Ethereum sidechain for NFTs, Candy Digital's MLB NFT platform, Nifty's The Matrix Resurrected program with Warner Bros., and NFTPro.

Furthermore, according to our earlier analysis, 129 blockchain companies raised $2.6 billion in the first quarter of 2020, which was larger than the $2.3 billion raised by 341 startups in the whole year.


In a single year, one of the metaverse's Big 3 firms increases by nearly 1000 percent.

Teams working on the metaverse idea are tasked with delineating this uncharted region. Understanding the metaverse notion is difficult, especially because it does not yet exist, despite the fact that several industry pioneers are getting near. As the world becomes more linked, with services, goods, and capabilities merging into a unified experience, the metaverse emerges as an obvious successor to the internet and a notion that is rapidly approaching. However, many people's first instincts are formed by fictional movies, making it difficult to define the notion. Despite the fact that certain features of this notion are identical, the initiatives that are pioneering this space in the actual world are the ones with the capacity to define what this "metaverse" concept looks like and make it a reality for the average user.

Many individuals believe that the metaverse will usher in a future in which people are increasingly networked with one another, regardless of where they are or what activities they engage in, such as working or traveling. For example, a digital twin of an employee may exist who may explore a virtual workplace without ever having to visit a physical site, providing organizations with access to a global talent pool and people with new employment opportunities. This is only one example; the options are still open and can be changed as the pioneers see fit.

RFOX, a team created in 2018 with the goal of becoming the world's first metaverse firm, is one of these pioneers. Their goal was to bring together a variety of service offerings in an one location. The initiative has carefully examined ways to remove entry barriers, allowing anybody to quickly join and be rewarded for their engagement in the digital ecosystem.

RFOX shares' CEO, Ben Fairbank,

"While the metaverse concept may be new to many, it is one that we have been focused on for years, and seeing this industry sector gain widespread attention is validation that we were on the right track, and that what we are building will allow us to continue down that path and lead innovation over the next decade."

Perhaps the most distinguishing feature of the project is that, in addition to satisfying all the requirements, it incorporates VR and multi-chain components to enable genuine interoperability, which is essential for a whole experience.

The metaverse is alive and well.

Through the blockchain and associated technologies such as smart contracts, RFOX has brought the metaverse concept to life in an interactive shopping and entertainment experience that merges gaming components, such as virtual reality, artificial intelligence, digital products, and other. The virtual area, dubbed the RFOX VALT by the project, is a linked hub with a focus on e-commerce and entertainment, including live performances, e-sports competitions, rides, and other such activities.

In practice, each user will utilize a virtual avatar to travel through the RFOX VALT. This avatar can visit a number of SHOPs, or stores, where they can engage with the owner, who is effectively another user. Each SHOP owner will have their own SHOP dashboard, which they may use to customize their shop. These shopkeepers may also run their own enterprises. Brands like CoinGecko are a good illustration of this. CoinGecko has taken advantage of this chance to engage as a marquee client, allowing them to provide their products and services through RFOX VALT in new media such as virtual reality. Other key partners, such as Icon, will have a dedicated gallery and office space in RFOX VALT, where they may form new social connections in a virtual reality setting.

On the gaming front, players will be exposed to Arkamoto, which is a mix of the words "arcade" and "Nakamoto." Players in Arkamoto may engage in a variety of gaming-specific venues to compete in live e-sports competitions. Arkamoto will be sold on December 9, 2021, according to the team. All facets of gaming revolve around the play-to-earn paradigm, which compensates gamers for their online gaming prowess. The KOGs: SLAM! game, for example, is now available and offers players new ways to build wealth and take advantage of digital finance's prospects, particularly in emerging nations.


All transactions will be conducted using the RFOX token, which will serve as the ecosystem's primary payment method and a crucial store of value as users acquire in-game land and other virtual goods. The ability to expose all offers in one unified platform and engage accordingly is a fundamental feature across various experiences.

Becoming a member of the "VALT"

RFOX has grown significantly via acquisitions and venture development to date. Their success can be seen in the price of their RFOX token, which has increased by as much as 1000 percent in the last year. Despite this rise, RFOX is still seen to be undervalued in comparison to its metaverse contemporaries, implying that its full potential has yet to be realized.


Meta relaxes Facebook's crypto ad policy, claiming that the cryptocurrency market is still maturing and stabilizing.

Meta, previously Facebook, has eased its cryptocurrency marketing policy, making it easier for businesses to run crypto ads on its platform. "We're doing this because the cryptocurrency ecosystem has continued to mature and stabilize in recent years, with more government regulations creating clearer norms for their industry," according to the company.

Meta's New Cryptocurrency Advertising Rules

Meta, formerly known as Facebook, unveiled new cryptocurrency advertising regulations on Wednesday. The corporation has expanded the number of regulatory licenses it accepts from three to 27 instead of "using a variety of signals to ensure eligibility" for advertising on its platform. Businesses can now advertise on Facebook with just one of the 27 licenses available.

"On our platform, we're making it easy to run ads about cryptocurrencies," Meta said, adding:

We're doing this because the cryptocurrency landscape has matured and stabilized in recent years, with more government legislation establishing clearer guidelines for the business.

The licenses were issued by regulators in the United States, Australia, Austria, Canada, Estonia, Finland, France, Germany, Hong Kong, Indonesia, Japan, Luxembourg, Malaysia, Netherlands, Norway, Philippines, Singapore, South Korea, Sweden, Thailand, United Arab Emirates, and the United Kingdom, among others.

Multiple license types are accepted in some areas. Businesses in the United States, for example, just need to be registered as a money service business with the Financial Crimes Enforcement Network (FinCEN) or have a Bitlicense granted by the New York Department of Financial Services.

The social media behemoth explained that the adjustment has no bearing on previously approved advertisers:

This change will assist to make our policies more egalitarian and transparent, as well as allow more advertisers to participate. Small firms, in particular, are encouraged to use our tools to expand their operations.

For crypto platforms, software apps, and products for exchanging, trading, lending, and borrowing, Meta reiterated that previous written consent is still required. "Cryptocurrency wallets" and "hardware and software for cryptocurrency mining" are also covered.

The ad modification came just one day after Meta's executive David Marcus announced his resignation and departure at the end of the year. Marcus is in charge of Facebook's crypto operations, which include a crypto wallet and the diem (previously libra) digital currency.


Adidas Joins NFT Projects' Bored Ape Yacht Club and Punks Comic to Enter the Metaverse

Adidas AG, a German multinational firm that manufactures athletic shoes, clothing, and accessories, has teamed up with the non-fungible token (NFT) brands Bored Ape Yacht Club and Punks Comic. Adidas announced last week that it had worked with Coinbase and considers the metaverse to be one of the most "interesting" digital advancements.

Bored Ape Yacht Club, Punks Comic, and Gmoney are all partners with Adidas.

Adidas wants the world to know that it is making a huge push into blockchain technology and metaverse valuables. On December 2, the company announced a partnership with cryptocurrency investor Gmoney, the Bored Ape Yacht Club (BAYC) NFT project, and Punks Comic on its Twitter account.

Today, [Bored Ape Yacht Club], [Gmoney], and [Punks Comic] take a leap into the Metaverse." On Thursday, Adidas stated, "It's time to embrace a world of boundless possibilities. The message was retweeted over 4,000 times and liked over 8,000 times. The tweet also connects to the Adidas Metaverse website, which states:

It's happening right now. Adidas is led into the Metaverse by Gmoney, Punks Comic, and the Bored Ape Yacht Club. Let's get started.

Nikeland Holds More Than $200K in NFTs in Adidas Wallet In the Roblox Metaverse, it's been revealed.

A BAYC image has also been added to the company's Twitter profile photo. At the time of settlement, Adidas had purchased Bored Ape Yacht Club #8,774, which had last sold for 46 ether or $156K. Heart-shaped sunglasses, a gold hoop for earrings, a "bored" expression, a fisherman's hat, and blue fur are all features of the BAYC. The BAYC is wearing a yellow Adidas jacket with the classic three-stripe design in a recent Adidas tweet.

According to statistics, the address that purchased the BAYC has 13 different NFTs from 11 different collections. If Adidas owns the wallet, it also owns Punks Comic: "The Hunt for the Lost Robbies," which cost 6.95 ether to buy. The most expensive NFTs in the wallet are the Punks Comic and the recently purchased BAYC #8,774. The other NFTs in the wallet that holds BAYC #8,774 have a floor value of $17 to $549 per NFT.

When the BAYC and Adidas unified NFTs will be issued and released to the public has yet to be determined. Adidas revealed last week that it was cooperating with Coinbase, a leading cryptocurrency exchange, as well as working with The Sandbox, a virtual blockchain environment. The Sandbox collaboration's full specifics are yet to be published as well.

Nike, the company's primary competitor, announced last month that it is also interested in the metaverse. Nike issued a blog post on November 18 on "Nikeland," explaining how it has established itself in the virtual world Roblox. Nikeland on Roblox aspires to be a "place where everyone can compete and be creative."


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