China Reverses Course on NFTs With Platform Launch
News
- China Reverses Course on NFTs With Platform Launch
- Crypto Crackdown Intensifies as NY Hits Coinbase and Mashinsky
- Mojo Builds for Hong Kong CBDC
Markets
Opinion
Video
Trends to Watch 2023
Podcast Archive
- A violation on free speech? Jake Chervinsky on Tornado cash and the future of legislation in crypto.
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News
NFT Marketplaces
China Reverses Course on NFTs With Platform Launch
After Years of Checking Crypto Beijing Warms to NFTs on its Own Terms
By Samuel Haig
After years of hostility towards the digital asset sector, China appears to be taking steps toward embrace nonfungible tokens. The website for the China Digital Trading Platform (CDEX), a Chinese state-sanctioned secondary trading platform for NFTs and other digital assets, launched on Jan. 1.
Read the full story in The Defiant
Crypto Enforcement
Crypto Crackdown Intensifies as NY Hits Coinbase and Mashinsky
NY Attorney General Alleges Celsius Founder of Defrauded Customers; Coinbase Fined $50M
In a one-two punch, New York state authorities slapped Coinbase with a $50M penalty on Wednesday, and sued former Celsius CEO Alex Mashinsky for allegedly defrauding investors on Thursday.
Read the full story in The Defiant
Market Action
New Year Brings Some Relief To Crypto Investors
Lido And Solana Outperform As Markets Rally
The first week of 2023 is shaping up to be a good one for crypto markets.
Leading smart contract platform Ethereum saw its native token rise 5%, while Bitcoin, which recently turned 14, posted a more modest gain of 2%.
Read the full story in The Defiant
CBDCs
Mojo Builds for Hong Kong CBDC
Hong Kong Lawmaker Asks Beijing to Permit Digital Dollar and Conversion to Stablecoin
By: Samuel Haig
Could Hong Kong get a digital dollar? That’s what Wu Jiezhuang, a member of the Legislative Council of Hong Kong, is calling for. The lawmaker wants Beijing to green-light the development of a central bank digital currency (CBDC) for the semi-autonomous regime, and eventually turn it into a stablecoin. He also pushed for the launch of a “Virtual asset rating agency.”
Read the full story in The Defiant
Opinion
We Have the Tools to Reshape Cross-Chain Identity
A Primer on the Power of Soulbound Tokens, Decentralized Identifiers, and Verified Credentials
By JP Bedoya
The fractured structure of the greater blockchain ecosystem has made implementing cross-chain identity a massive challenge. This year, Soulbound Tokens (SBTs), Decentralized Identifiers (DIDs), and Verified Credentials (VCs) are poised to shape how identity will ultimately be handled in 2023. These tools have the potential to change how we manage our online identities and provide a more efficient approach to portable and frictionless Web3 experiences.
Read the full column in The Defiant
Defiant Video
Daily Defiant
$4.2bn belongs to Celsius, not customers
Trends to Watch 2023
Stablecoins
Stablecoins Seek to Regain, Well, Stability in 2023
Stablecoins Used to be Immune to Stress — Now they Must Withstand Volatility
By Owen Fernau
Of all the instruments in crypto, stablecoins may have the most utility. These assets, often pegged to the U.S. dollar, provide the benefits of holding value on-chain without the drawbacks of volatility. Users can tap them for a number of functions throughout DeFi — to borrow, lend, and to provide liquidity and trade out of crashing assets. And, of course, they can be used for that ever-durable use case — paying people.
Read the full story in The Defiant
