Metaverse

$5B flight from GBTC likely led to outflows in other regions — CoinShares

• by admin
• January 30, 2024

Switzerland and Germany were hit hardest during the most recent trading week, but Canadian ETFs had the largest outflows in January, CoinShares’ data shows. A recent slump in the price of cryptocurrencies, prompted by outflows from theGrayscale Bitcoin Trust (GBTC), could be behind outflows from digital asset investment products in Europe and Canada, according to […]

Metaverse

Wormhole reclaims $1B TVL, Hedera’s $408M development fund: Finance Redefined

• by admin
• January 21, 2024

Wormhole reached a peak TVL of $3.8 billion shortly before the collapse of the Terra ecosystem and the onset of the crypto winter. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Hedera network approves $408 […]

Metaverse

Indian crypto exchanges lure in Binance, OKX investors after FIU ban

• by admin
• January 16, 2024

The Financial Intelligence Unit issued a notice of noncompliance against 10 foreign crypto exchanges on Dec. 28, 2023. Indian crypto exchanges are promising hassle-free transfers for users who want to transfer their crypto assets from foreign crypto exchanges after the country’s Ministry of Finance Financial Intelligence Unit banned off-shore crypto exchanges like Binance, OKX and […]

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Stablecoin laws: 25 countries had legislation in place in 2023

• by admin
• December 26, 2023

Out of 43 countries analyzed by PwC, as many as 25 jurisdictions had stablecoin regulations in place in 2023. Disclaimer: This article was republished with updated data from the PwC Global Crypto Regulation Report 2023, as it previously erroneously referred to the PwC Global Crypto Regulation Report 2022. The industry of stablecoins — or cryptocurrencies […]

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Crypto with a twist: The rise of memecoins with El Hippo — Interview

• by admin
• December 14, 2023

At the intersection of memes and finance, this project is crafting a new narrative for cryptocurrency, prioritizing community and creativity. What’s in a memecoin? The lighter side of the crypto industry is sometimes viewed as frivolous, but there are projects out there seeking to change that label. The El Hippo memecoin is on a quest […]

Metaverse

How this decentralized social media platform plans to bring the next billion users to Web3

• by admin
• December 3, 2023

Web3 brings the next evolutionary stage of social media, promising a decentralized approach to overcome challenges related to privacy, ownership, and equitable monetization. Use Case The next iteration of the internet, Web3, is proposing a new infrastructure based on blockchain technology to build a democratic global social media ecosystem that caters to all stakeholders. Web3 […]

Metaverse

Kenya to introduce digital IDs for citizens by year-end

• by admin
• November 27, 2023

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take a couple of months. The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take a couple of months. According to the president of […]

Metaverse

IMF head: CBDCs can replace cash, help financial inclusion

• by admin
• November 22, 2023

International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies. During her opening speech at the Singapore FinTech Festival, International Monetary Fund (IMF) managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies (CBDCs) and related payment platforms […]

Metaverse

Nightlife comes to the metaverse as Decentral Games opens Atari Casino

• by admin
• November 16, 2023

Virtual experiences are becoming the “new norm” as Decentral Games expands their virtual nightlife offerings. News Virtual land governance DAO Decentral Games is continuing to expand into the metaverse nightlife space with the launch of an Atari-branded casino.  The casino will be the third such gambling establishment for the DAO, which purchases land in virtual […]

Metaverse

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO

• by admin
• November 8, 2023

The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said. News Tether, the issuer of the world’s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus. Paolo Ardoino, who has been serving as Tether’s chief technology officer […]