On Friday upper house of Japan’s parliament has passed a legal framework that clarifies the legal status of stablecoins which specifies them as digital money. This new legislation will come into effect in 2023. As a result of the bill, stablecoins would be defined as digital money that is linked…

Nathaniel Chastain, 31, of Manhattan, a former product manager at OpenSea also known as Ozone Networks Inc. was accused of secretly buying 45 NFTs on 11 separate occasions based on confidential information about what NFTs were going to be featured on OpenSea’s homepage for his own monetary benefit, said the…

The investment venture arm of the world’s largest cryptocurrency exchange, Binance Labs is launching its own venture capital fund. In a Wednesday statement, the exchange announced that $500 million funds would be invested in Web3 projects. The company said it has raised $500 million for its debut start-up fund investment…

Famous rapper, producer, and fashion designer Kanye West’s Mascotte Holdings Inc. has filed 17 trademark applications with the United States Patent and Trademark Office (USPTO) which include mentions of potential “non-fungible assets” and “metaverse experiences.” One of the filings notes the potential for “providing an online marketplace for buyers of…

Prada will release 100 Ethereum NFTs along with its Timecapsule collection next Thursday. NFTs are unique blockchain tokens that represent ownership of a digital asset. Luxury brands like Prada have affluent taste, so it makes sense for brands like Prada to enter the NFT and metaverse space. It’s not just about chasing after shiny objects; it’s a marketing strategy. Those who purchase Prada’s latest collaboration with Cassius Hirst, son of artist Damien Hirst, will receive a free airdropped NFT along with their physical merchandise purchase.

On Thursday a San Francisco-based 401(k) retirement provider ForUsAll filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. Currently, the firm has assets under management (AUM) of more than $1.7 billion. ForUsAll sued DOL for planning…

According to Wall Street Journal (WSJ) report, on Tuesday Fidelity Digital Assets which digital assets subsidiary of financial services giant Fidelity Investments, is planning to expand its offerings beyond bitcoin. The firm seeking to add trading of ether and custody services to its cryptocurrency business. To support this the firm…

According to CoinSwitch co-founder and CEO Ashish Singhal CRE8 index will create transparency in the crypto market and help users with a simple, easy-to-understand measure of the Indian market. The index will provide trustworthy, real-time information on the Indian rupee-based crypto market which is again based on actual trades. This…