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Astar Network CEO: Webassembly Smart Contracts Are Going to ‘Pull a Lot of Talent From Web2 to Web3’
11.12.2022
Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain...
More than 90% of consumers are curious about the Metaverse: Capgemini
8.12.2022
The volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike
Hong Kong to subject crypto exchanges to the same laws governing TradFi
8.12.2022
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines
Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law
7.12.2022
Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law.
The ruling was reached by a court in the city of Hangzhou, the capital of the Chinese province of Zhejiang, in a case that involved...
Decentraland launches virtual property renting for LAND owners
7.12.2022
The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace
Court in China Recognizes NFTs as Virtual Property Protected by Law
6.12.2022
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet...
Hoops Legend Scottie Pippen Shoots a 'Web3' With Virtual Sneakers
6.12.2022
The six-time NBA Champion discusses why he’s jumping into Web3 and what’s behind the limited time NFT-based Metawear sneaker collection
Chinese court says NFTs are virtual property protected by law
5.12.2022
The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs
Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Microsoft Tech
3.12.2022
Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to make the virtual process of reviewing a car more...
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
3.12.2022
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to...
National Bank of Ukraine Unveils E-hryvnia Concept
1.12.2022
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s...
Festivals in the metaverse: How Web3 projects are taking culture virtual
30.11.2022
As the metaverse becomes a place to hang out, more large-scale events will pop up to entice users into digital reality
Metaverse is a new frontier for earning passive income
28.11.2022
Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
28.11.2022
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that...
What is an Ethereum Virtual Machine (EVM) and how does it work?
27.11.2022
Forming the backbone of the Ethereum Blockchain, EVM provides developers with a run-time environment to build DApps and other applications
StarkNet makes Cairo 1.0 open source in first step toward community control
25.11.2022
StarkNet has prioritized scalability over composability and transparency. But it’s now working on making its tech open source
MEXC Global Vice President Andrew Weiner Explains the Appeal of Futures Trading
23.11.2022
A 6-year veteran of the crypto industry, Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC, he worked with notable brands that include Thomson Reuters, ComplyAdvantage, IBM, Mastercard, Deloitte, and KPMG to deliver...
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
23.11.2022
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate,...
Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin
23.11.2022
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet...
'Metaverse’ a top 3 contender for Oxford’s Word of the Year
23.11.2022
Oxford University has opened public voting for the first time with polls set to close on Dec. 2