The idea of a metaverse – a virtual world in which billions of people live, work, learn, shop, and interact with each other online in hyper-realistic fashion using customizable avatars – was first introduced in 1992 in Neal Stephenson’s groundbreaking sci-fi novel Snow Crash. It took about 30 years for
In an effort to boost market transparency, the Financial Services Commission (FSC) of South Korea has mandated that beginning in 2024, crypto firms that issue or possess cryptocurrencies include particular crypto disclosures in their financial statements. The new law mandates that cryptocurrency enterprises disclose their coin’s revenues, volume, and market
The market capitalization of the Shiba Inu, SHIB, has experienced a significant increase of half a billion dollars within a month, as reported by CoinMarketCap. This notable surge can be attributed to the token’s price rebounding strongly after a substantial 31% decline in a single day. Investors in SHIB have
Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” claims that Bitcoin will soon be worth $120,000. These estimates are in line with those made by Standard Chartered Bank, which predicts that Bitcoin will reach $50,000 this year and $120,000 by the end of 2024. Meanwhile, the
As part of a new military assistance package worth up to $800 million for the war effort against Russia, the Biden administration has agreed to supply cluster bombs to Ukraine, and it is likely that the Pentagon will ship thousands of them on Friday, as per anonymous sources. Bradley and
The National Assembly of Namibia has passed a law offering regulation of cryptocurrencies and digital assets. Thus, becoming the latest country in Africa to do so. A measure to govern virtual assets, cryptocurrencies, and VASPs in Namibia was enacted by the lower house of parliament on June 22. The purpose
Hong Kong University of Science and Technology Vice President Cai Wensheng proposed the HKD stablecoin on July 4. The Hong Kong government did not support a similar policy suggestion offered by Wang Yang, Lei Zhibin, and Wen Yizhou. The scholars want to create a stablecoin for the local currency that
Australian financial authorities are investigating cryptocurrency exchange Binance, and they recently conducted a search of the company’s premises. This is related to the investigation into derivatives, a business that Binance stopped doing in Australia earlier this year. Bloomberg claims that on Tuesday, July 4, agents from the Australian Securities and
What Is a Centralized Crypto Exchange? A crypto exchange functions as a marketplace where individuals can engage in buying and selling digital assets, such as cryptocurrencies. A centralized cryptocurrency exchange functions as a digital currency trading platform, where a central entity serves as an intermediary between buyers and sellers of
In order to safeguard investors, the Securities and Exchange Commission (SEC) of Thailand has announced new regulations for companies that offer services related to digital assets. In accordance with the new regulations, companies providing digital asset services must clearly communicate the dangers of investing in cryptocurrencies. A predefined message must
