Tag: scrutiny

NFT Market Sees Sales Dip Amidst Regulatory Scrutiny

NFT Market Sees Sales Dip Amidst Regulatory Scrutiny

The nonlinear NFT market was down, with sales down 4.7% to $94.7 million. At the same time, several collections and blockchain platforms proved highly resilient during this blender. Amidst the fluctuating sales figures, OpenSea has requested clarity from the U.S. Securities and Exchange Commission (SEC) regarding the classification of NFTs...

UK Government to Scrutinize Quangos, Demanding Justification for Existence

UK Government to Scrutinize Quangos, Demanding Justification for Existence

The Cabinet Office is currently conducting a comprehensive spending review of all government funded quangos. Each agency now has to prove it deserves to exist or be eliminated. This step represents a bold step towards ensuring defence public spending is far more streamlined and accountable across the UK’s semi-public bodies....