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The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of digital collectibles. Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from …

The Securities Commission (SC) of Malaysia issued a statement on Monday regarding Huobi’s operations in the country. According to the statement, the crypto exchange is now on the SC’s Investor Alert List. Malaysian financial regulators say Huobi has been operating a digital asset exchange in the country without official registration with the SC. Huobi Global [https://t.co/la9Y3ntGuq] has been added to …

According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers …

Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss. In a newly released white paper on Tuesday called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, TraderWaWa, Hanzo and software engineer Louis MeMyself, the developers outlined the use of Liquidity …

Amid the ongoing crypto winter, new data from a Pew Research Center survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. Conducted from July 5-22 of …

Over two-thirds of United States parents and college graduates with an understanding or involvement in crypto believe that crypto should be taught in schools in order for students to “learn about the future of our economy,” a new study has found. In a newly released survey from the online educational platform Study.com, the firm found that 64% of the parents …

Hackers behind the $190 million Nomad Bridge are now being incentivized with white hat-themed nonfungible tokens (NFTs) if they return nearly all of the funds they stole from the protocol at the start of this month. The exclusive NFT, which simply depicts a white wizard’s hat, is being offered by NFT firm Metagame and can be minted by those that …

Bitcoin (BTC) lost a key bear market trendline last week as it shed almost 12%, but other chart data offers a silver lining for bulls. As noted by popular Twitter user Dave the wave on Aug. 24, long-term moving averages (MAs) are about to repeat classic bullish behavior. Analyst: Bulls could be about to “do well” BTC/USD disappointed over the …

Bankrupt crypto lending company Celsius countersued decentralized finance (DeFi) protocol KeyFi and its CEO Jason Stone on Tuesday in the United States Bankruptcy Court claiming Stone misrepresented himself as an expert in DeFi, and that Stone and KeyFi hadlost Celsius coins through incompetence and deceit. The suit came several weeks after KeyFi sued Celsius for allegedly failing to honor a …