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Dvision Network Announces New LAND Staking Feature to Help Bolster Virtual Plot Utility
20.5.2022
PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature’ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who possess Dvision LAND NFT...
Jamiroquai to Bring ‘Virtual Insanity’ to The Sandbox Blockchain Metaverse
19.5.2022
On Wednesday, the acid jazz-funk band Jamiroquai revealed it has partnered with the blockchain-based virtual world platform The Sandbox in order to “get funky in the metaverse.” According to the announcement, Jamiroquai plans to bring virtual insanity to the band’s virtual land...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions
18.5.2022
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual...
From VR To Vibrators, Video Game Sex Tech Now Has Infinite Possibilities
17.5.2022
In 2002, games journalist and researcher Jane Pinckard used the Trance Vibrator—a USB accessory that would vibe in time with the music of the trippy PS2 shooter Rez—to masturbate. In her now-classic blog, Pinckard lauded the game’s dripping colors and transportive sounds, but found the physical...
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
How the Metaverse could impact the lives of kids
15.5.2022
The effects of social media on the mental health of kids and teens have been bad enough — will the Metaverse be a safe place for them?
Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
15.5.2022
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock...
Nigerian SEC Announces New Rules Governing Issuance of Digital Assets
15.5.2022
The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules...
Shanghai court affirms that Bitcoin is virtual property, subject to property rights
12.5.2022
A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
12.5.2022
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as...
VR Devs Really Want You To Feel Spiders On Your Face
10.5.2022
Off the top of your head, what’s the best way to increase immersion while using virtual reality? Flawless, controller-free hand tracking? Direct brain integration? Maybe some kind of smell-o-vision? Nope, sorry, the answer we’re looking for is “literally being able to feel spiders crawling on your...
Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza
9.5.2022
Bored Ape creator Yuga’s Otherdeed launch was the largest NFT mint ever, but are metaverse communities turning into gated communities?
Michael Wagner: Building a Virtual Nation-State in the Metaverse
9.5.2022
By The Way, Take-Two’s CEO Profits From All Your GTA Online, NBA 2K Microtransactions
7.5.2022
Microtransactions in games like Grand Theft Auto Online have become big business for video game publishers. And it’s likely this won’t be changing anytime soon. New details spotted in a recent contract extension for Take-Two CEO Strauss Zelnick explain that the CEO will earn a big bonus if more...
Bankoff’s Crypto Wallets Nearly Empty After Virtual Debit Card Provider Folds
5.5.2022
The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions
Dubai Virtual Assets Regulator Establishes HQ in the Metaverse
5.5.2022
The Dubai virtual assets regulator, the Virtual Assets Regulatory Authority (VARA), has established its metaverse headquarters in The Sandbox virtual world. By establishing a presence in the metaverse, the regulator said it hopes to make itself accessible to all stakeholders. World’s...
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
5.5.2022
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...
From within: Dubai's virtual asset regulator plans to open HQ in metaverse
4.5.2022
The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai
Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
3.5.2022
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions...