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Growing Use of AI in Making Web3 Games Hints at Accelerated Adoption of Blockchain — Cronos Labs MD
27.8.2023
The use of non-fungible tokens (NFTs) when launching Web3 games as well as developers’ emergence as experts at community management are some of the promising trends in blockchain gaming that can accelerate mass adoption, Ken Timsit, the managing director (MD) at Cronos Labs, has said. Timsit...
All Nations Invited to Join BRICS Said ‘Yes’ to Membership: Russian Diplomat
27.8.2023
The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be premature to name those in the next batch...
Web3 Experts: Hong Kong Government-Backed Stablecoin Can Become a Global Currency, Challenge Dollar Dominance
26.8.2023
According to Wang Yang and Wen Yizhou, a stablecoin issued by the Hong Kong government has the potential to become an international currency and may challenge the U.S. dollar in certain places. However, in their latest opinion piece, Yang and Yizhou said the envisaged stablecoin will only succeed...
Powell: More Rate Hikes May Be Needed to Curb Inflation
25.8.2023
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...
BRICS States Should Tackle AI Risks Together, Xi Jinping Says
25.8.2023
BRICS nations should address the risks related to artificial intelligence (AI), Chinese President Xi Jinping said during the group’s summit in South Africa. China’s leader is also convinced that the members of the economic bloc must work to standardize the technology. BRICS Should Strive for...
BRICS Invites 6 Countries to Join, Including Saudi Arabia, UAE, Iran
25.8.2023
The BRICS economic bloc has invited six countries to become new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The BRICS leaders wrapped up their 15th annual summit on Thursday. “We have reached agreement on the guiding principles, standards, criteria,...
SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale
25.8.2023
The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily...
Blockchain Can Help Facilitate ‘Direct Connections’ Between Users and Hotels — Staynex’s Bernard Lau
24.8.2023
Using blockchain can potentially minimize intermediary expenses incurred by players in the hospitality industry because the technology makes it possible to facilitate direct connections between users and hotels, Bernard Lau, CEO of Staynex and LABS Group, has said. Lau, whose company focuses...
Exclusive: 'Pioneering' Virtual Rally in Support of Julian Assange to Launch in Metaverse - Not to Replace But 'Heavily' Promote Real-Life Protests, Organizers and Wistaverse Co-founder Said in Interview
24.8.2023
The campaign to stop the extradition of Julian Assange will launch the first-ever virtual political rally this Saturday in the Wistaverse metaverse. The organizers and the Wistaverse co-founder spoke to Cryptonews about the importance of holding a protest in this novel space, the difference between...
BRICS Countries Can Use India’s UPI Instant Payment System, Prime Minister Modi Suggests
24.8.2023
Member states of the BRICS bloc can follow the example of other nations and start using India’s Unified Payments Interface (UPI) system, according to Prime Minister Narendra Modi. The country is a leader in digital transactions, the head of the Indian government said in South Africa where...
Russian President Putin to BRICS Leaders: Irreversible Process of De-Dollarization Gaining Steam
24.8.2023
Russian President Vladimir Putin said at the BRICS summit that “A balanced, irreversible process of de-dollarization of our economic ties is gaining steam.” The Russian leader stressed: “We oppose hegemonies of any kind and the exceptional status that some countries aspire to, as well as the...
Thailand Threatens Facebook With Shutdown Over Crypto Scams
23.8.2023
The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...
Google Bard Has Made This Dogecoin Price Prediction, But This Could Be The Next Meme Coin to Pump
22.8.2023
AI is bullish on Dogecoin.
That’s according to a chat recently shared by crypto news website Finbold with Google’s generative AI chatbot Bard.
According to Bard, Dogecoin could recover to $0.10 by the end of 2023, marking an increase of as much as 60% from its current price levels around...
Vitalik Buterin Granted Taiwan Employment Gold Card
22.8.2023
Ethereum founder Vitalik Buterin has received a permit that will allow him to legally reside and work in Taiwan. Speaking at a meeting with the country’s minister of digital affairs, Buterin said that the card will make it easier for him to visit the island nation and its Ethereum community....
Australia-Based Crypto Lender Sentenced for False Credit License Claims
21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...
Dollarization Can Lead to ‘Economic Contraction and Collapse’ of Argentine Economy — Former US Treasury Official
20.8.2023
The U.S. chairperson of the Official Monetary and Financial Institutions Forum (OMFIF) has characterized the Argentinian presidential hopeful’s plan to fully dollarize the economy as “a far too risky gamble.” Mark Sobel said full dollarization without an exit policy “could...
Cybercriminals Use Crypto Gaming to Steal Millions — Philippines National Police
19.8.2023
The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. The unit said players can reduce the chances of losing money to scammers...
Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster
18.8.2023
The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October. Unnamed Sources Reveal SEC May Soon...
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
18.8.2023
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will...
Scam Money Is Laundered via Crypto Exchanges — Australian Regulator
17.8.2023
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange...