Several governments have rolled out policies aimed at checkmating the activities in the crypto space. Members of the European Union parliament have proposed new changes to the Anti-Money Laundering (AML) law to include NFT trading platforms. The amendment is a part of the “Preventing abuse of the financial system for
During the MetaDecrypt Web 3.0 Summit held on Sunday, Sharad Agarwal, the Chief Metaverse officer of Dubai metaverse company “Cybergear,” discussed issues concerning the region’s metaverse ambitions. Agarwal revealed that the government of Dubai plans to allow some of its departments to use the metaverse. This will reportedly
While the rest of the crypto space is struggling to survive the current bear market, some institutional players are seizing the opportunity to boost their presence in the industry and offer more crypto-related services to their customers. The world’s largest payments network Visa has launched an exclusive VIP crypto
Amid the ongoing bear market, NFT sales volume has plunged to a 12-month low, succumbing to the negative sentiments in the broader cryptocurrency market. Despite recording a whopping $42 billion in sales since the beginning of the year, NFT sales in June dropped to its lowest since June 2021, data
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After the initial success, MagicCraft, an NFT-based Play-to-Earn game on the Binance Smart Chain, collaborates with Devoted Studios, a US-based production management company, for further in-game development and to add new and thrilling features to it. The two have released the new game development trailer, which highlights these features and
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Renowned Greek painter Miltos Manetas has announced his latest collection: a series of NFTs centred on WikiLeaks founder Julian Assange. The drop, named This Cannot Be Erased, features 111 tokenised portraits of the imprisoned activist whose imminent extradition to the US has been slammed by human rights and free speech
On Thursday, OpenSea suffered a data breach after an employee at the platform's email delivery partner leaked user data. The marketplace revealed in a blog post that an employee of Customer.io "misused their employee access to download and share email addresses provided by OpenSea users and
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21Shares, a global issuer of crypto exchange-traded products (ETPs), has launched a new product line designed to help investors weather the bear market. The 21Shares Bitcoin Core ETP (CBTC), which went live on the Swiss exchange SIX on Wednesday, is specifically designed to offer low-cost exposure to Bitcoin (BTC) amid
A week after chief executive Mark Zuckerberg made the plan known to the public, Meta has rolled out a test on its Facebook platform to support non-fungible tokens (NFTs). Similar to its Instagram rollout a month ago, the latest feature will only be available to a select group of US-based
Several Chinese tech giants, including Ant Group, Tencent, Baidu, and JD.com have signed a pact to "self-regulate" their activities in the NFT space. According to a statement released by the China Cultural Industry Association on Thursday, the firms signed a self-regulation pact containing a total of 14
NFTs scammers will have to watch their backs because authorities are out to get them. In its latest attempt at bringing the much-needed sanctity to the NFT space, the US Department of Justice has filed charges against Vietnamese developer Le Anh Tuan for conspiracy to exploit investors in a suspected
Bank Al-Maghrib (BAM), the central bank of Morocco, is gearing up to formally regulate the Bitcoin and crypto market. According to a Monday report by Bitcoin News, the apex bank is consulting with global financial institutions on a regulatory framework to oversee the activities of the market. In particular, BAM’
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Of the many genres of gaming that have been popular over the years, multiplayer online real-time strategy (MMORTS) games have been some of the most enduring, and it’s not hard to see why. These MMORTS games allow you to team up with friends and explore a gaming landscape in
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Even with cryptocurrencies and blockchain gaining recognition around the world as a force to be reckoned with, there is still a long way to go before blockchain and decentralization can stamp out the negative views and perceptions. WEIcrypto is a blockchain-based platform that offers a simplified banking environment that matches
In a rather interesting turn of events, a Chinese NFT marketplace has announced that it will be buying back all the NFTs sold on its platform due to a lack of regulatory clarity. The Chinese government has remained silent on its stance on non-fungible tokens (NFTs) despite its outright ban
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In an appearance on CNBC’s Squawk Box on Monday, SEC Chairman Gary Gensler said that Bitcoin was the only cryptocurrency he was ready to publicly call a commodity. Gensler aired his views while examining the implications of classifying certain cryptocurrencies as commodities rather than securities. He also addressed previous