Zhejiang, a Chinese coastal province, to become one of the largest metaverse hubs in the country. According to a recent Chinese report, Zhejiang is eyeing to build a metaverse industry in its territory. The project is estimated to cost more than $28.7 billion by the year 2025. The latest move
The former CEO of FTX, Sam Bankman-Fried’s defense lawyer Jerone Roberts announced on Monday afternoon that “his client has accepted to voluntarily extradited to the United States”, where federal authorities have prosecuted SBF with eight charges of fraud and conspiracy. The 180-degree door was turned open by Bahamas officials for
NFTBank teams up with X2Y2, the third-largest Ethereum-based NFT market, and an emerging NFT loans platform. Infrastructure for NFT financialization has developed over the last two years as NFT use has increased. NFT-backed loans, NFT rentals, and NFT derivatives are current developments that branch out from NFT markets and aggregators
The biggest cryptocurrency exchange by trading volume, Binance, has announced its top three most-watched cryptocurrencies. Bitcoin, Ethereum, and Shiba Inu are the three most-watched cryptocurrencies as per Binance this year. In the wake of FTX’s decline, the cryptocurrency market has been suffering. Investor faith in cryptocurrencies has been shaken by
DeFi protocol Fluidity has said it will launch on the Ethereum mainnet on December 19. The Fluid-wrapped asset on-chain transaction incentive layer, which pays users for swapping, trading, or carrying out any on-chain transaction, will first be made available on Ethereum, with Solana, Arbitrum, and Polygon to follow. Fluidity is
One of the original Proof of Stake blockchains, Tezos, has activated “Lima,” the 12th protocol upgrade that was chosen and accepted by the Tezos community. The new version increases throughput, adds a functionality that validators have been clamoring for, and lessens the possibility of smart contracts having problems. Due to
Israeli Defense Minister Benny Gantz stated on December 18, 2022, that the Tel Aviv Magistrate’s Court issued a decision to approve the government’s seizure of all cryptocurrency from digital wallets supporting terrorist activities. On December 15, 2022, more than 150 digital Wallets were seized following the warrant issued by the
Crypto.com, a cryptocurrency trading platform, has been granted a Payment Institution License (EMI) by Brazil’s Central Bank. The approval means the company may keep providing its services and goods related to digital assets to citizens of the South American nation. CEO Kris Marszalek recently said that Crypto.com is “incredibly proud”
The problem of mass adoption of cryptocurrencies is closely tied to accessibility. If cryptocurrencies are hard to use by the general masses, how can they ever become a staple form of value exchange on a global scale? Unbanked Inc, a US-based fintech firm, seeks to provide answers to this question
FC Barcelona, one of the most successful soccer teams in Europe, has signed a partnership arrangement with the cryptocurrency exchange WhiteBIT. Through June 2025, the exchange will be the team’s official cryptocurrency exchange partner. The soccer juggernaut said that its relationship with WhiteBIT will help them to continue to be
