Google Plays with NFTs, Celsius Gets Iced by SEC!

Google Invites NFTs, Mashinsky's Arrest, Bitcoin ETF on Horizon, and Gensler Stands Firm

Jul 13, 2023

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News

Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games

In a significant shift, Google Play has updated its policy to permit developers to incorporate non-fungible tokens (NFTs) into their apps and games. This move is expected to create a level playing field and promote user trust in the responsible usage of blockchain technology. However, the new policy will not affect the ban on crypto mining apps and apps that do not meet gambling eligibility requirements. **(Source: CoinDesk)**

SEC Sues Bankrupt Celsius Network, Alex Mashinsky Over Securities Fraud

The Securities and Exchange Commission (SEC) has filed a lawsuit against the now-bankrupt cryptocurrency lending platform Celsius Network and its CEO Alex Mashinsky. The SEC alleges that Celsius Network and Mashinsky conducted an unregistered securities offering and made false and misleading statements to investors. This development highlights the ongoing regulatory risks faced by companies in the crypto space.

Europe’s first bitcoin ETF set to launch after 12-month delay

Europe is set to launch its first Bitcoin exchange-traded fund (ETF) after a 12-month delay. This move indicates a growing institutional adoption of cryptocurrencies in the region and could potentially pave the way for similar products in other regions.

SEC’s Gensler pushes back on industry’s call to recuse from crypto actions

SEC Chair Gary Gensler has pushed back on calls from the crypto industry to recuse himself from making certain crypto-related decisions. This development underscores the ongoing tension between regulatory bodies and the crypto industry.

Polygon Proposes Token Switch From MATIC to POL for More Utility

Polygon has proposed a token upgrade that would replace the network's MATIC token with POL. This move is aimed at enhancing the utility of the token across multiple Polygon-based networks. It also indicates the continuous efforts by crypto companies to improve their products and services

Will Bitcoin catch up? BTC price was $40K when the dollar was this weak last time

Bitcoin (BTC) may experience a surge in price due to the weakness of the U.S. dollar. This development highlights the potential impact of macroeconomic factors on the price of cryptocurrencies.