A recent survey hosted by Glossy and Modern Retail’s Q1 2023 among a diverse group of brands, has disclosed that a staggering 73% of them who have adopted Web3 last year are not confident about the potential benefits of Web3 technology as they have not seen any major shift in their business growth since the…
With its most recent collection, Starbucks, the largest coffee chain in the world, has managed to make a mark in the non-fungible tokens (NFT) market. The Starbucks NFT Collection was unveiled on March 10th, 2023, and sold out in just 20 minutes for a whopping $200,000. Unfortunately, the collection was only accessible to Starbucks Odyssey…
The rise of Bitcoin and other cryptocurrencies has been among the most talked-about topics in recent years. Bitcoin was created in 2009 as a decentralized digital currency, which means any central authority like a government or a bank does not control it. This decentralized aspect of Bitcoin has important social and political implications. In this…
In recent days, the Twitterverse has been buzzing with the hashtag #CryptoGPT. What is it all about? It turns out that CryptoGPT is a new trend that has taken the Twitter community by storm. The trend has spawned several new Twitter accounts, all of which are focused on AI and related topics. Here’s what you…
Singapore’s regulatory authority has launched a fresh probe into Terraform Labs, a blockchain company established by Do Kwon, amid tensions over potential regulatory breaches. The step follows a similar investigation opened by the United States Securities and Exchange Commission (SEC) last year for misleading the public by stating that Terra was decentralized and that TerraUSD…
Blockchain technology has emerged as a revolutionary technology that has the potential to disrupt traditional business models across various industries. This decentralized, secure, and transparent technology can transform businesses’ operations, making them more efficient, transparent, and secure. In this article, we will explore how blockchain can disrupt traditional business models and create new opportunities for…
In recent years The Securities and Exchange Commission has cracked down on several high-profile crypto firms. In a recent effort, SEC has launches emergency actions against BKCoin, a Miami-based investment advisor, for its involvement in a $100 million fraudulent investment scheme. What are the Allegations against BKCoin? As per the SEC, BKCoin and its co-founder,…
Virtual reality has emerged as a disruptive technology that has the potential to revolutionize many industries. The Metaverse is a concept that has gained popularity in recent years and is often described as a virtual world where people can interact with each other in real time. The Metaverse is becoming a reality thanks to advancements…
To bring improvement in the customer experience, the State Bank of Pakistan (SBP) has called on all commercial banks to begin leveraging blockchain technology for customer identification, or Know Your Customer (KYC) verification. The incorporation of blockchain technology will enable banks to prevent money laundering, terrorism financing, decreasing the paperwork involved in the process of…
Binance US, the American branch of the global cryptocurrency giant Binance, is reportedly accused of running an unregistered securities exchange. This news comes as a shock to the American crypto community. Thanks to the SEC’s scrutiny of companies that violate securities laws in the cryptocurrency space as this revelation is part of this ongoing clampdown…
