BSP and SEC are seeking clearer regulations on digital assets BSP and SEC — The Bangko Sentral ng Pilipinas and the Securities and Exchange Commission are seeking clearer regulations on digital assets in order to protect consumers. This was raised during a meeting with the Senate Committee on Banks, Financial Institutions and Currencies as lawmakers, … Read more
OpenSea is putting in place a new system to spot fake NFTs and to verify accounts. OPENSEA — In an effort to cut down on the industry’s growing fraud problem, the NFT marketplace is putting in place a new system to spot fake NFTs (non-fungible tokens) and to verify accounts. OpenSea detailed what changes users … Read more
Meta will start testing Digital Collectibles on Instagram this week NFT — Meta CEO Mark Zuckerberg recently confirmed that the company will start testing Digital Collectibles on Instagram this week, with “similar functionality” coming soon to Facebook. According to Mark, Meta will start testing Digital Collectibles on Instagram so NFT creators and collectors can display … Read more
The BSP warned against NFTs anew. BSP — The Bangko Sentral ng Pilipinas has again flagged the risks of NFTs (non-fungible tokens) and reminded the public that they should be aware of how play-to-earn games work. Following the theft of USD 600 million worth of digital tokens from a digital ledger used by players of … Read more
Twitter is now allowing NFTs as hexagon-shaped profile pictures NFT PROFILE PICTURES — Twitter recently introduced a new feature that would allow users to officially link their non-fungible tokens (NFTs) to their profile photos. However, the said feature is only limited to Twitter Blue subscribers. Twitter Blue was a paid subscription service that offered new … Read more
An Indonesian student’s selfies on “Ghozali Everyday” fetched more than USD 1 million in NFT sales. GHOZALI EVERYDAY — An Indonesian student went viral online after trade in the digital rights to his selfies fetched over USD 1 million on a platform for NFTs. Non-fungible tokens (NFTs) have transformed digital assets into virtual collectors’ items … Read more
Visa launched a global crypto advisory service for merchants and financial institutions. VISA — As the adoption of digital currencies gained steam, the world’s largest payment processor launched on Wednesday a global crypto advisory service for merchants and financial institutions. The said move came against the backdrop of unprecedented investor demand for crypto services and … Read more