Official Dalai Lama NFT collection launches for charity

The Dalai Lama

The first official NFT (Non-Fungible Token) collection of the Dalai Lama is launching today to raise money for charity.

The series of 10 NFTs of His Holiness – created by artist Alex Echo and authorised by the office of the Dalai Lama, The Gaden Phodrang Foundation – each has 108 limited editions and will be released over the next 10 weeks exclusively on Hyprr, a new digital art platform.

NFTs are one-of-a-kind assets in the digital world (e.g. images or video) that...

Huobi develops its asset storage offering with new ‘cloud wallet’

Wallet Storage

Huobi, the once Chinese crypto exchange that now operates globally, has launched a ‘cloud wallet’ designed to improve ease of access to digital asset management.

The new wallet feature removes the need for users to maintain their own private key through a third-party management system.

This not only simplifies wallet interaction but also removes the risk of owners forgetting or losing their private key, making their assets unretrievable.

The owner’s keys...

PayPal scraps annual purchase limit of cryptocurrency

PayPal Office, Dublin

PayPal has announced its annual purchase limit of $50,000 (£36,500) for Bitcoin and other digital assets is being removed.

Similarly, the platform’s weekly purchase limit is being raised fivefold from $20,000 (£14,500) to $100,000 (£73,000).

Jose Fernandez da Ponte, PayPal’s vice president of blockchain, crypto and digital currencies said: “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our...