China Targets NFT Market After Blanket Ban on Crypto, Here’s Everything You Should Know

China Targets NFT Market After Blanket Ban on Crypto, Here’s Everything You Should Know

“The latest development in the Chinese crypto crackdown saw the authorities limit Non-Fungible Tokens (NFTs) to mere digital collectibles, i.e., they cannot be traded for-profit anymore, levying a ban on NFTs as part of the decentralized business. According to the Chinese Journalist, Colin Wu, the regulatory framework around NFTs is next in line with strengthened
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Source: Coingape

Despite stagnant prices, Cardano reaches the 1 million wallets staked milestone

“Cardano‘s DeFi ecosystem is slowly starting to take shape, thanks to the network’s Alonzo hard fork earlier this year. The hard fork paved the way for smart contract integration. In fact, its first decentralized exchange, SundaeSwap is all set for its testnet launch later today. These developments have led to

Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD

“If BTC holds the $49,000 level, ETH, MATIC, ALGO and EGLD could move higher during Bitcoin’s expected “consolidation phase.” Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour