Definition When the buyer and seller in a transaction are the same people or two persons working together, this is known as "wash trading." It is prohibited in traditional financial markets because it misleads the rest of the market about the genuine amount of demand, distorts prices, and encourages others to trade based on false information. Since the Commodity Exchange Act (CEA) passage in 1936, this activity has been illegal in many traditional markets in the United States. However, the pr

Since leaving The Walt Disney Company, Bob Iger has served as a board member and advisor for Genies, a platform for creating digital avatars. Bob Iger, a supporter of the metaverse, has unexpectedly announced his return to his previous position as CEO of Disney, taking over from now- Bob Chapek, a former CEO. Iger is best known for his 15 years as the CEO of the global entertainment company, but the Disney executive also gained notoriety in the cryptocurrency world after joining the board of di

Over the past two years, venture capital firms specializing in cryptocurrencies have flocked to India, but according to Binance CEO Changpeng Zhao, the cryptocurrency exchange does not consider India as a promising market for expansion. Zhao was cited as stating, "To be honest, I don't think India is a particularly crypto-friendly climate." Zhao is not the only one with such a pessimistic outlook on the Indian market, claims TechCrunch. Zhao's statement is noteworthy because, despite dozens of

The development of web3 technologies Web 1.0: Read-Only (1990-2004) Tim Berners-Lee was working on the protocols that would become the World Wide Web at CERN in Geneva in 1989. His concept? To develop open, decentralized protocols that allowed information to be shared from anywhere on the planet. Berners-Lee's invention, now known as 'Web 1.0,' was first implemented between 1990 and 2004. Web 1.0 consisted primarily of static websites owned by businesses, with little to no interaction betwee

adidas - Europe's largest sportswear manufacturer officially introduced its digital wearables - Virtual Gear Genesis collection.

With Dogecoin's appearances on American television and bitcoin's gaining acceptance on Wall Street, cryptocurrency is reaching a larger audience than ever before. Rising prices are undoubtedly appealing to newcomers, but they should be informed of the hazards before investing. If you're new to cryptocurrency and wondering whether to invest, here are 10 things you should know before you buy anything. 1️⃣ Put in no more than you can afford to lose Many other investments are riskier than cryptoc

Twitter's office buildings will be temporarily closed, effective immediately, the company has said. Employees were told that the offices would reopen on November 21st, according to several sources. There is no official explanation for what has occurred. The announcement comes amid reports that some staff decided to leave after the new owner, Elon Musk, ordered them to work "long hours at high intensity" or quit. The new Twitter "Hardcore" policy This week, Elon Musk reportedly told Twitter s

Three top football stars have signed ambassadorship agreements with the web3 sports fandom networking platform NFTSTAR. Neymar Jr., a Brazilian football star who presently plays for PSG, and Son Heung-Min, a South Korean player for Tottenham Fc, have partnerships with the site. Additionally, Luis Figo, the retired Portuguese footballer who won the 2000 Ballon d'Or award, signed a contract with NFTSTAR. The "Global Sports Village," according to NFTSTAR, would make it possible for followers of t

In the cryptocurrency business, a "rug pull" occurs when a development team abruptly abandons a project and sells or eliminates all of its liquidity. The name is derived from the expression "take the rug out from under someone," which means to abruptly remove support. Rug pulls flourish on DEXs because, unlike centralized cryptocurrency exchanges, these types of exchanges enable individuals to offer tokens for free and without audit. Furthermore, token creation on open-source blockchain protoco

A rebase token, also known as an elastic token, is a cryptocurrency whose supply is algorithmically modified in order to regulate its price. Rebase tokens, like stablecoins, are often tied to another asset. However, rather than utilizing reserves to keep the peg, rebase tokens automatically burn or mint new tokens in circulation. The quantity of a rebase token can be very unpredictable, but its price tends to remain stable depending on whatever asset's price it is monitoring. Every cryptocurren