Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed and repurposed using nonfungible token technology.Although non-fungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art.

In the creative industry, NFTs have been used by musicians such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product industry, Nike, Gucci and many others are selling their digital branded products in the form of NFTs. A lot more real-world applications of NFTs are still to be explored and one of them is the digital publishing industry.

The game-changing implications of publishing and promoting books with NFTs have already been discussed extensively by many. For example, the Alliance of Independent Authors are helping indie authors to promote their latest books using NFTs. Other associated items for the fans club such as character cards are also made into NFTs. Tezos Farmation, a project built on Tezos network, even uses the complete text of George Orwell’s Animal Farm book and slices it up into 10,000 pieces to use as titles for the NFTs.more information

The DeFi market is a highly promising venture where the main struggling issue is a lack of qualified blockchain developers. Nowadays, the blockchain market as a whole is in its infancy, and the decentralized finance (DeFi) market is its most promising part. According to DefiLlama data, in 2021, the DeFi market had around $200 billion of liquidity locked in smart contracts. If we view this capital as an initial investment, this market looks like a highly promising venture. Not too many global companies can boast of such a capitalization. But any young market has its teething problems. With DeFi, the main issue is a lack of qualified blockchain developers.more

If a deal goes through, it won't be the first time FTX started an acquisition with a line of credit.If a deal did come close to that, FTX would be paying pennies on the dollar for the embattled cryptocurrency lending company. BlockFi, which is based in New Jersey, had a valuation of $3 billion when it raised its $350 million Series D round last March.

Since then, the company has reached a $100 million settlement with state regulators and the U.S. Securities and Exchange Commission over its BlockFi Interest Accounts and is rumored to now be holding a large portion of toxic debt as part of the fallout from hedge fund Three Arrows Capital’s liquidation.more

The DOJ also announced three other crypto fraud cases amounting to over $100 million in potential losses.The Department of Justice this afternoon announced criminal charges against the creator of the Baller Ape Club NFT collection for orchestrating a so-called “rug pull.”

The charges, announced alongside those in three other cryptocurrency fraud cases, mark the second time that federal prosecutors have gone after an NFT "rug-pull" scheme, in which an NFT project’s creators sell NFTs on false promises of community benefits and utility, only to abandon the project and make away with investors’ funds.more

With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC.Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across the globe have been in the rush to accumulate as many of the 21 million BTC — one Satoshi at a time.

With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091 in just seven days.more

Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday.Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm.

According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the firm, but no equity agreement has been reached. The reported ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday.

"BlockFi does not comment on market rumors," a BlockFi spokesperson told Cointelegraph. "We are still negotiating the terms of the deal and cannot share more information at this time. We anticipate sharing more on the terms of the deal with the public at a later date.more

FTX, the cryptocurrency exchange led by billionaire Sam Bankman-Fried, has entered negotiations to acquire a stake in the beleaguered crypto lending firm BlockFi, according to a report today in the Wall Street Journal, citing unnamed sources.

The acquisition talks come on the heels of BlockFi's announcement earlier this week that it secured a $250 million line of credit from FTX, which the crypto industry largely recognized as a "bailout."more

Both crypto markets and traditional equity markets have taken a beating in 2022.The Federal Reserve is closely watching the crypto world—but isn’t worried, according to the central bank’s chairman.

Fed Chief Jerome Powell said today at a Senate committee meeting that the bank saw no “macroeconomic implications” from Bitcoin and the wider crypto market’s volatile price swings, but that better regulation still was required.“I think the principle implication is really what we’ve been saying, and what others have been saying for some time, which is that in this [crypto] very innovative, new space, really there is a need for a better regulatory framework,” said Powell, after saying the central bank was closely watching it.more