The exchange has followed in the footsteps of FTX and Kraken in securing a license in the UAE. Cryptocurrency exchange OKX has been awarded a provisional virtual assets (VA) license in Dubai, the company said Thursday. According to its press release, the license was issued by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow […]
OKX Secures License in Dubai and Plans to Open Regional Hub Read More »
Continued adoption of non-fungible tokens across a variety of industries from video gaming, music, art, and digital collections could see the sector valued at $231 billion by 2030. A market report published by Verified Market Research (VMR) provides a lofty prediction for the future of the non-fungible token (NFT) market, projecting its value to swell
NFT market worth $231B by 2030? Report projects big growth for sector Read More »
KEY POINTS Crypto company Celsius has filed for Chapter 11 bankruptcy protection. Earlier, CNBC reported the company’s lawyers were notifying individual U.S. state regulators of those plans, according to a source, who asked not to be named because the proceedings were private. Celsius made headlines a month ago after freezing customer accounts, blaming “extreme market
Embattled crypto lender Celsius files for bankruptcy protection Read More »
The South African Reserve Bank (SARB) announced on Wednesday plans to introduce a regulatory framework for cryptocurrencies, Kuben Naidoo, the Deputy Governor of the Central Bank, revealed. After years of taking a soft stance that it would not regulate the crypto industry, the Central Bank of South Africa has changed their mind by working to establish
SARB to Introduce Crypto Regulation Read More »
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins. Russia’s Central Bank Voices Opposition to Stablecoins Unlike the
Bank of Russia Says Stablecoins Are Not Suitable for Settlements Read More »
Electronics giant Samsung has announced the launch of Space Tycoon, a metaverse-based experience built as part of the Roblox world. The gaming metaverse, which is directed to entertain Gen Z users, will feature a world in which Samsung products can be constructed by picking their fundamental components. The experience will also include a shop for
Samsung Launches ‘Space Tycoon’ Metaverse Experience Read More »
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July. Inflation tracked by the U.S. Consumer Price Index (CPI) rose 9.1% in June, accelerating from May’s 8.6% pace to a fresh 40-year high, and exceeding economists expectation. Bitcoin’s price
U.S. Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls Read More »
The municipal government pledged to support the enterprises that are discovering the non-fungibles market. China’s biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan. On July 13, Shanghai’s Municipal Government published the draft of its “14th Five-Year Plan for
Shanghai included blockchain, NFTs and Web3 in its 5-year plan Read More »
KEY POINTS Shares of NetEase, Bilibili and other Chinese gaming companies rose Wednesday after regulators approved a slew of new games. The list published Tuesday by China’s National Press and Publication Administration did not include approvals for games from giants Tencent and NetEase. Chinese regulators have approved three batches of games since April, a sign
The US Department of the Treasury invited public opinions on Tuesday on the potential risks and benefits of cryptocurrencies based on President Joe Biden’s executive order in March. The Treasury stated that it is asking for input from the public that will help the administration in reporting to President Jow Biden on the possible impacts
US Treasury Invites Public Opinions on Digital Assets Framework Read More »
