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Hong Kong University of Science and Technology to Build Metaverse Campus
30.7.2022
The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will allow students from other latitudes to attend classes...
The World’s Most Popular Social VR Game Is In Turmoil
28.7.2022
VRChat’s had a hell of a week. On Monday, the wildly popular virtual reality social game announced that its next update would implement Epic Games’ Easy Anti-Cheat (EAC) technology, prompting immediate outrage from a large portion of its playerbase. That update landed Tuesday, and since then...
Zuckerberg Braces for Battle with Apple over Metaverse as Regulator Warns about Meta’s 'Virtual Empire'
28.7.2022
Facebook’s parent company Meta and tech giant Apple are locked in a “very deep, philosophical competition” to build the metaverse, with each business trying to determine “what direction the internet should go in,” the social media platform’s founder and CEO Mark Zuckerberg reportedly said....
Komainu Receives Provisional Virtual Assets License in Dubai
27.7.2022
Komainu joins prominent crypto companies including exchanges FTX and Binance in securing a license to operate in the emirate
What is Bloktopia (BLOK) and how does it work?
27.7.2022
Bloktopia is a Skyscraper made up of 21 levels that provides a VR experience for the community of Bloktopians
US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions From Taxes
27.7.2022
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness...
Senate Virtual Currency Tax Fairness companion bill drops purchase exclusion to $50
26.7.2022
After being seen in the House a few times, a bipartisan bill is introduced into the Senate with a drastically reduced exclusion for purchases made with cryptocurrency
The Sandbox Creating a Virtual Home & NFT Art for Alec Monopoly
26.7.2022
The Sandbox recently announced joining hands with the globally-renowned DJ and graffiti artist Alec Monopoly. The collaboration will see The Sandbox creating a digital home for Alec with exclusive NFT art. Fans can watch the new art, access limited edition NFT accessories, and party with live music...
Experts clash on where virtual reality sits in the Metaverse
25.7.2022
Experts have given mixed views on what role virtual reality technology will have in the Metaverse
Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator
24.7.2022
Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services...
Xiaomi Files Patent to Create Its Own Blockchain-Powered Virtual Characters
22.7.2022
Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to...
Gemini receives virtual asset service provider license in Ireland
20.7.2022
New York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license
Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers
20.7.2022
The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future. The document defines certain key concepts and determines a set of prerequisites that banks need to verify...
Japan's crypto self-regulation 'experiment' not working
20.7.2022
Self-reg entity JVCEA has reportedly received stern warnings to get its act together, as Japan’s Financial Services Agency pushes for the organization to speed up its AML regulation rollout
Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE
19.7.2022
The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services...
Fund Manager Fintonia Group Receives Provisional Virtual Assets License in Dubai
19.7.2022
Sinapore-based crypto fund Fintonia Group has secured a provisional virtual assets license in Dubai
Will intellectual property issues sidetrack NFT adoption?
18.7.2022
In posting NFT artwork on social media, a new owner could be breaking intellectual property laws. A “wave of litigation has already begun.”
Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025
15.7.2022
The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time...
Virtual Avatar Firm Hologram Raises $6.5M Seed Round
14.7.2022
Hologram partners with online communities to help them create unique digital identities in the metaverse
Bitcoin of America’s Customer Service Is Advancing the Cryptocurrency Industry
14.7.2022
Popular BTM operator, Bitcoin of America, is changing the way we think about the cryptocurrency industry. Bitcoin of America is a virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They currently have 2,500 plus Bitcoin...