Nomura, in collaboration with its subsidiary Laser Digital, unveils a traditional Japanese botanical garden experience in The Sandbox metaverse. The immersive venture aims to integrate heritage, sustainability, and digital asset exploration. While the initial enthusiasm surrounding cryptocurrencies and the metaverse
Under Chairman Patrick McHenry’s leadership, the United States House Financial Services Committee has been making deliberate moves that seem poised to hinder the development of a digital dollar, or Central Bank Digital Currency (CBDC). This body of lawmakers is set
On Aug. 29, the Digital Currency Group (DCG) announced a significant agreement with the creditors of Genesis, promising potential recoveries of up to 90%. This move signifies a monumental shift in the ongoing crisis that had earlier cast a shadow
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a comprehensive regulatory framework targeting single-currency stablecoins (SCS). These digital tokens, designed to maintain constant value, are pegged to traditional fiat currencies such as the Singapore Dollar or any
The recent move by the Russian Federal Assembly, notably the State Duma, propelling the digital ruble bill into law is an undeniable step toward a digital financial revolution. The bill passed through the lower chamber successfully, and now, with President
Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators. The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts
Ron DeSantis has emerged as one of the presidential hopefuls against the issuing of Central Bank Digital Currency (CBDC) as he deems it a threat to liberty. Ron DeSantis, presidential aspirant and current governor of Florida has raised concerns over
The widely used metaverse platform Decentraland is introducing the first ever metaverse automated teller machine. The Ethereum blockchain serves as the backbone for the virtual reality platform known as Decentraland. Users are granted the ability to develop, enjoy, and monetize
Deputy Chief Minister Devendra Fadnavis launched the Mumbai Metropolis Metaverse on Feb. 19, offering virtual tours of the city’s infrastructural projects. The platform provides users worldwide and citizens with a virtual tour of the city’s infrastructure projects through an immersive
In a time of economic flux and changing financial landscapes, the recent Shanghai Second Intermediate People’s Court report stands out as a significant moment for the crypto world. Daring to challenge China’s traditionally restrictive views on digital currencies, the court’s
A trending video showcasing Massachusetts Representative Stephen Lynch’s unwavering support for the U.S. Securities and Exchange Commission (SEC) has sparked controversy within the crypto community. Lynch defended the SEC’s actions against Ripple Labs Inc., suggesting that the regulatory body had
The island nation of Barbados is prepared to formally designate digital real estate sovereign territory by establishing a metaverse embassy. Which might be considered as a historic step toward the legitimization of the metaverse. The Caribbean country is collaborating with
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