{
}
Yat Siu, co-founder of Animoca Brands, remains committed to the Web3 sector despite recent challenges, with the company seeing a 12% rebound in bookings after a dip post-FTX. Meanwhile, ByteDance faces pressure as TikTok Shop struggles to meet its US sales targets, prompting a shift in strategy towards short videos. In other news, Amazon expands its grocery delivery service in India, and JungleWorks acquires a majority stake in Outplay for $14 million.
Animoca's Yat Siu is intensifying efforts in the Web3 space, contrasting with a trend of retreat among other companies. This strategic commitment highlights a growing divergence in the industry as some players scale back while others, like Animoca, double down on innovation and development.
SoSoValue has issued a warning about a fraudulent token, SOSO, on the Binance Smart Chain, clarifying that it has not launched any official cryptocurrency. This alert follows the identification of a fake contract and phishing attempts linked to the company's recent $15 million funding announcement. Users are urged to remain vigilant against scams exploiting the crypto space.
Humanity Protocol has launched the Humanity Foundation to enhance decentralized identity using palm scanning technology, offering a less invasive alternative to iris scans used by its competitor, World. This privacy-focused approach utilizes encrypted biometric data stored on distributed nodes, ensuring user control over personal information. With the integration of zero-knowledge proofs, the protocol aims to create secure identity systems that cater to both individuals and organizations, positioning itself as a significant player in the decentralized identity market.
Humanity Protocol has launched the Humanity Foundation, moving closer to its token generation event. Focused on decentralized identity and zero-knowledge proofs, it utilizes palm recognition technology for secure identity verification, contrasting with competitor World’s iris scans. The protocol ensures biometric data is encrypted and not stored on centralized servers, enhancing user privacy and control.
NFT sales reached $8.83 billion in 2024, showing modest growth despite trailing behind 2021 and 2022 peaks. Ethereum and Bitcoin led the market with $3.1 billion each, while traditional brokerages like Morgan Stanley explore crypto trading amid a more favorable regulatory environment. Bitcoin ETFs are nearing $110 billion in holdings, with predictions of the price potentially hitting $200,000 by 2025, driven by institutional interest and upcoming market events.
NFTs have shown resilience in 2024, with $8.5 billion in sales despite setbacks, including major marketplace closures and regulatory scrutiny from the SEC. The number of unique buyers surged by 62%, indicating a growing demand for NFTs, even as the market faced a seven-month downturn. Industry experts predict a transformative future for NFTs, expanding their utility beyond digital art into areas like identity verification and ownership records.
The UK's Financial Conduct Authority (FCA) has issued a warning against the Solana-based memecoin Retardio, citing unauthorized financial promotions and highlighting the lack of protections for UK investors. With a market cap of $87 million, Retardio is linked to an NFT project that has seen $31 million in sales. The FCA emphasized that consumers should only engage with FCA-approved firms to ensure financial safety, as unauthorized projects do not offer access to the Financial Ombudsman Service or the Financial Services Compensation Scheme.
Major exchanges are set to launch new crypto listings this week, including Binance's Simon’s Cat (CAT) and Pudgy Penguins’ PENGU, alongside Upbit’s MOCA. CAT surged 64% ahead of its debut, while MOCA exploded 370% following its listing, highlighting significant market activity and investor interest.
The UK's Financial Conduct Authority (FCA) has issued a warning against the Solana-based memecoin "Retardio," highlighting concerns over unauthorized financial promotions targeting UK consumers. The FCA emphasized that users engaging with the project would lack access to consumer protection services, such as the Financial Ombudsman Service and the Financial Services Compensation Scheme. In a humorous retort, the Retardio project claimed the FCA's warning effectively barred UK users from its services.
Yat Siu
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
jungleworks acquires majority stake in outplay for 14 million dollars
11:30 31.03.2025
animoca's yat siu strengthens web3 commitment amid industry retreat
08:20 27.03.2025
crypto research firm warns of fake sosotoken on binance smart chain
23:12 14.01.2025
humanity protocol advances decentralized identity with innovative palm scanning technology
20:01 14.01.2025
humanity protocol launches foundation to advance decentralized identity technology
11:00 14.01.2025
crypto and nft markets show resilience as traditional finance embraces digital assets
09:21 06.01.2025
nfts in 2024 resilience amid challenges and signs of future growth
United States Dollar
GameStop Corp.
DraftKings Inc.
NIKE, Inc.
Yat Siu
Jana Bertram
Lennix Lai
Show more
12:00 23.12.2024
UK FCA warns against Solana based memecoin Retardio amid investor risks
20:52 17.12.2024
new crypto listings spark market activity with significant price movements
18:46 17.12.2024
FCA warns UK consumers against investing in Solana-based memecoin Retardio
09:45 17.12.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Startups & Entrepreneurship
Retail and Consumer Goods
Industry Mergers & Acquisitions
CEO Changes
Market Analysis and Predictions
Government Economic Policies
Government Policies
Inflation and Monetary Impact
Central Bank Actions
GDP Growth & Recession Forecasts
Commodities
Domestic Politics
Hedge Funds & Private Equity
Countries:
Companies:
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
Tesla, Inc.
Berkshire Hathaway Inc.
Banco Santander, S.A.
The Goldman Sachs Group, Inc.
Commerzbank AG
Amazon.com, Inc.
Microsoft Corporation
Lloyds Banking Group plc
NVIDIA Corporation
Morgan Stanley
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
SpaceXCoin USD
Deutsche Bank Money Market PP
Royal Bank of Canada
UBS Group AG
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Chinese Yuan
South Korean Won
New Taiwan Dollar
Canadian Dollar
United Arab Emirates Dirham
Vietnamese Đồng
Danish Krone
Indonesian Rupiah
Russian Ruble
Singapore Dollar
Chilean Peso
Egyptian Pound
Cambodian Riel
People: