Genesis Global has officially announced the cessation of its trading operations. This comes after the crypto lender, an affiliate of Digital Currency Group (DCG), recently lodged a hefty lawsuit against its parent entity in a New York bankruptcy court. Once
Payments processor PayPal is further integrating cryptocurrency into its services. The payments giant has now launched crypto-to-USD conversions (aka off-ramps) for customers in the U.S. According to a blog on the PayPal website, the off-ramp service will increase access to
Leading financial services hub Dubai International Financial Centre (DIFC) has completed its first cohort with 10 regional and global startups under its DIFC Metaverse Accelerator Programme. The program was done to promote metaverse inclusivity in accordance with Dubai Higher Committee for Future
Amid the rising global crypto fervor, China has made significant headlines by sentencing a former provincial official, Yi Xiao, to life imprisonment for corruption, which includes aiding cryptocurrency mining. This action has demonstrated China’s stringent stand on illegal financial activities
Prime Minister Fumio Kishida reaffirmed Japan’s commitment to embracing the transformative power of Web3 during the prestigious WebX Web3 conference. In a remarkable shift from its aggressive stance on Bitcoin regulation, Japan is now positioning itself at the forefront of
Web3 Metaverse firm Cosmic Wire has raised millions of dollars in a seed funding round led by the Solana Foundation and Polygon. Cosmic Wire captured $30 million in startup capital funds between the two crypto projects and other investors. Greg
Sam Bankman-Fried and the story surrounding the collapse of FTX, a bankrupt cryptocurrency exchange he founded, is set to be released as an animated, interactive social comedy by the innovative Web3 studio Toonstar FORTUN3. Sam Bankman-Fried is in the headlines
Final opportunity: Reserve your spot at the best price for one of the biggest blockchain events in Europe. More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7, 2023, as
Sandbox founder Sebastian Borget has described the metaverse race as a ‘marathon of many sprints,’ as the industry moves beyond the hype cycle to build real value. Borget remains bullish on the sector and sees opportunities for AI to play
Recent AI advancements may come at a huge cost to the environment, according to a new report by the Stanford Institute for Human-Centered Artificial Intelligence. The report revealed that ChatGPT consumed the most energy of all AI models it reviewed,
NFT ticketing yields millions of results on the various search engines across the globe but the latest adoption of this innovative product by an airline in Argentina for its ticket sales shows the extent to which mainstream companies are going
Venture capital firms are heavily investing in artificial intelligence (AI) projects, and the industry might witness a record increase in the current year given the success of generative AI so far. According to a Pitchbook report, VC funding in the
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