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Hong Kong’s Securities and Futures Commission warn of nonfungible token risks

On Monday, Hong Kong’s Securities and Futures Commission (SFC) released a statement warning investors about the risks of nonfungible tokens, or NFTs, which have soared in popularity in recent years. The regulatory body wrote:  “As with other virtual assets, NFTs are exposed to heightened risks, including illiquid secondary markets, volatility, opaque pricing, hacking and fraud. Investors should be mindful of these risks, and if they cannot fully understand them and bear the potential losses, they should not invest in NFTs.” However, it appears that the SFC’s specific concern lies in the securitization of NFTs. “The majority of NFTs observed by the SFC are intended to represent a unique copy of an underlying asset such as a digital image, artwork, music or...

Report: Southampton eyeing bargain deal to sign £5m Celtic ace

Southampton are lining up a bargain swoop for Celtic ace Ryan Christie, according to a report from the Sun. The 26-year-old is out of contract at Parkhead next summer. With his contract running down, the Saints are ready to swoop in. Christie would be a very good addition for Ralph Hasenhuttl Southampton’s move to sign the Scotland international could be accelerated if they manage to sell former Hoops midfielder Stuart Armstrong. Southampton target Christie in action for Celtic last season Southampton want Christie The Sun claims that Celtic could be tempted to sell the attacking midfielder for a bargain fee this summer rather than risk losing him for nothing in January. And the Hoops star would add so much to the Saints’ play in the final third if he ends up moving to St Mary’s this ...

Report: Southampton want to bring player who excelled under Hasenhuttl back to St Mary’s

Southampton are keen to bring Liverpool star Takumi Minamino back to St Mary’s this summer, according to a report from talkSPORT. The 26-year-old spent the second half of last season on loan with the Saints. The 31-capped Japan international really impressed on the south coast, scoring two goals in 10 games for Ralph Hasenhuttl’s side. With Danny Ings leaving Southampton, Hasenhuttl will be desperate to bolster his attacking ranks. Minamino impressed during a loan spell with Southampton last season The Austrian desperately needs to add more pace and potency to his front-line. Minamino on Southampton radar talkSPORT reckon that the Japanese ace is a target for the Saints once again. In fact, it is claimed that the south coast outfit have already made an enquiry for the Liverpool star. ...