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Nasdaq reportedly prepares for crypto custody services for institutions

As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services to institutional clients.  The company has reportedly created a new group focusing on digital assets and will start with offering Bitcoin (BTC) and Ether (ETH) custody services for institutions. The …

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Bitcoin analysts give three reasons why BTC price below $20K may be a ‘bear trap’

Bitcoin (BTC) recovered above the $19,000 mark on Sep. 20, a day after falling to its lowest level in three months. Bitcoin struggles after dropping below $20K On the daily chart, the BTC price rose from $18,255 to $19,650. This 7.5% price rebound mirrored similar rebound moves witnessed in the stock market, suggesting that investors …

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Metaverse Technology Company Peer Inc. Partners with Fresh Consulting to Bring the AR Metaverse to Market

Seattle, Washington, United States, 20th September, 2022, Chainwire Peer Inc., a metaverse technology company, has entered a new partnership with Seattle-based innovation agency Fresh Consulting. Peer will be working with Fresh to deliver on its vision of a gamified digital layer on top of the world, and support its mission to bring people and content …

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Enhanced KYC checks can be a win-win for crypto exchanges and consumers — here’s why

Crypto is a fast-moving sector where new trends — decentralized finance and nonfungible tokens among them — accelerate in the blink of an eye. And as demand for digital assets grows, the need for regulation grows too.  Anticipating those regulations and having the systems in place for future compliance can position crypto exchanges as industry …

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Intellectual property has an awkward fit in Web3 decentralization — Lawyers

Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and NFTs, as IP rights often rely on a single “identifiable entity,” while Web3 is more often decentralized.  Speaking to Cointelegraph, David Kappos, a partner at Cravath, Swaine & Moore LLP said that IP is traditionally “owned by an identifiable …

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DeFi platform sees strong interest in halal-approved crypto products

Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new products which align with Islamic law by the end of 2022. Launched in 2020, the platform is focused on adhering to the rules of “Islamic finance” which refers …

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Ethereum co-founder Vitalik Buterin shares vision for layer 3 protocols

While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.”  Buterin shared his thoughts in a Sept. 17 post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said …

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Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions NFT of eye and more

Decentralized blockchain-based metaverse The Sandbox has held its first hybrid digital and real-life wedding on its metaverse.  The bride and groom, Singaporean couple Joanne Tham and Clarence Chan, CEO of music company Bandwagon, celebrated their matrimony on Saturday in a “70s disco glam” themed wedding, which took place in a digital replica of Singapore’s famous …

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Yield Guild Games: Web3 gaming adoption needs a local touch

The blockchain-based gaming industry will need to look at localized strategies to attract Web3 gamers, says decentralized gaming guild Yield Guild Games (YGG). Speaking with Cointelegraph at the 2022 Tokyo Games Show last week, Andy Chou, YGG’s head of ecosystem development, and Brian Lu, partner of Taiwan-based VC firm Infinity Ventures Crypto (IVC) gave a …

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SEC lawsuit claims jurisdiction as ETH nodes are ‘clustered’ in the US

The Securities Exchange Commission (SEC) has made an unprecedented claim that Ethereum transactions take place in the United States as ETH nodes are “clustered more densely” in the United States than any other country.  The SEC argument is found within a Sept. 19 lawsuit against crypto researcher and YouTuber Ian Balina, which alleged, among many …

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