The U.S. Commodity Futures Trading Commission (CFTC) has unleashed a series of penalties against prominent decentralized finance (DeFi) platforms, including Opyn, 0x, and Deridex, citing breaches of federal digital asset derivatives trading laws. These actions have ignited a heated debate
Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
Midas Investments is shutting down as a decentralized finance platform and pivoting to so-called CeDeFi, a hybrid type of structure that combines centralized finance (CeFi) and DeFi. The decision is significant. It could indicate the direction that the decentralized finance
Built on the Binance Smart Chain, RunNation is a Move-to-Earn metaverse application that combines web3, blockchain, and encryption. RunNation blends NFTs, the Metaverse, cryptocurrency, and healthy living. Users of the RunNation metaverse can receive incentives for their regular exercise in
Metawalls, a Berlin-based metaverse platform, aims to bring modern art and culture to the metaverse. Metawalls aims to share Berlin’s unique culture with a global digital audience, and its Decentraland exhibition and NFT platform are the first steps in that
METABLAZE, a new DeFi gaming utility token, has announced today that its presale offering will get underway on February 14. The token plans to disrupt the crypto industry by combining passive rewards, NFTs. And an immersive play-to-earn Role Playing Game
Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity on the game has risen considerably. This is also accompanied
In 2023, web3 apps soared 124%, with blockchain gaming leading the way at 34% dominance. Non-fungible tokens (NFTs) and decentralized finance (DeFi) also surged, reaching $103 billion in TVL. According to a Jan. 11 study from blockchain analytics company DappRadar,
The Sandbox, one of the most patronized decentralized virtual worlds, recently announced that it has teamed up with Ledger Enterprise, a company whose infrastructure solutions safeguard businesses’ crypto assets. As part of the deal, Ledger will provide security integration to all
According to Technavio, the size of the global metaverse market is expected to increase by USD 1152.35 billion between 2023 and 2027. During the forecast period, the market is anticipated to grow at a CAGR of 40.06%. It is anticipated
Somnia Network, a layer one (L1) blockchain on Ethereum that connects metaverses, says it is looking to boost scalability and speed in virtual worlds following its launch on Wednesday. The platform is a project under the independent non-profit Virtual Society
Ethereum co-founder Vitalik Buterin, at the BUIDL Asia conference in Seoul, critiqued the prevailing concept of the Metaverse. He argued it’s more a brand than a product, often misinterpreted, and likened its need to a simpler form of technology. BUIDL
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