In what seems like a perfect symbiotic partnership, Betswap.gg and Oly Sport are teaming up to bring the first horse-racing NFT game to the BSGG platform. Leveraging the ever-growing popularity of interactive NFT gaming and Betswap’s growing reputation as the leading decentralized betting platform in the Web 3
With Bitcoin and the general crypto market posting losses, the number of active crypto users at Bank of America has fallen by more than 50% from its peak value. Per @BankofAmerica data, bank’s number of crypto users shrunk to <500,000 in May, down from >1 million
The United Arab Emirates is gearing up to launch its first hospital in the metaverse. The Medical Metaverse, which will become fully operational by October, will be under the management of Thumbay Group. It will be a fully functional virtual hospital where patients can visit using avatars that can also
Amid all the action from big tech companies around the metaverse, the University of Surrey is creating a new academy to focus on research applications for blockchain and the burgeoning metaverse industry. The Dean of the Surrey Business School, Professor Steve Wood, admitted that blockchain technologies are powering a new
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Ranked amongst the 50 richest in crypto O.D. Kobo has warned investors to not expect much of a recovery in bitcoin anytime soon. Kobo who serves as the CEO of the digital asset investment firm Annex Capital has always been a big proponent of Bitcoin and Ethereum and its
While the general crypto market is currently struggling with extremely “fearful” sentiments, Jordan Belfort has admonished investors to view Bitcoin as a long-term prospect. Belfort, who inspired the 2013 movie “The Wolf of Wall Street,” gave his forecast about Bitcoin in an interview with Yahoo Finance. He advised Bitcoin holders
Vincenzo Sospiri Racing, a Lamborghini Squadra Corse GT racing team, has announced that it will be using NFTs to authenticate factory car parts. The initiative is part of a pilot scheme spearheaded by the company Go2NFT, a dedicated platform for creating branded digital collectibles, and it positions the multi-Championship winning
The parent company of Facebook, Meta, has announced plans to shut down its Novi wallet pilot project and money-transfer service. According to a notice on its official website, the pilot which launched last year will stop operating on Sept 1 and will prevent users from adding funds starting July 21.
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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
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
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
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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