FTC Sues Meta After Its Attempt To Monopolize The Metaverse 

The US FTC (Federal Trade Commission) had submitted a lawsuit against Mark Zuckerberg and Meta. The lawsuit aims to prevent the social platform from owning the metaverse.  The FTC alleged that Meta’s potential acquisition of Within, a VR firm, and Supernatural, a fitness app, is illegal. The commission cited the antitrust laws in the US, […]

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FTX.US Launches Stock Trading Option For Americans

Crypto exchange platform FTX.US has added numerous stocks to its platform. This aims to expand its services to include mainstream assets apart from virtual currencies.  Meanwhile, FTX has been in the news lately, rescuing falling crypto firms. The platform even offered to help Voyager Digitals with withdrawals.  FTX.US Now Offers Stock Trading For US Users […]

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Japanese Bank SMBC Plans To Expand Into Web3 And NFT Market

The SMBC (Sumitomo Mitsui Banking Corporation) ‘s second largest bank in Japan, has revealed plans to expand in the digital asset sector. As per reports, the bank will devolve into the world of Web3 and NFTs.  Additionally, the bank will collaborate with the Hashport group. This group offers listing and tokenization services in Japan.  With […]

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Japan’s METI Opens A Web3 Policy Office For Web3 Growth

Countries and fintech firms are becoming receptive to the Web3 industry. This is due to the potential of the industry and the benefits it can offer. Japan has also embraced the industry. The country’s METI (Ministry of Economy, Trade and Industry) has opened a Web3 Policy Office in the country.  Japan’s Fighting To Accelerate Web3 […]

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China Vows To Safeguard The Privacy Of Digital Yuan Users

China has been making headlines with its CBDC recently. The digital Yuan has received wide usage compared to other CBDCs globally. Meanwhile, the country has vowed to safeguard the privacy of those using the digital Yuan. This is due to recent criticisms from analysts. China To Prevent Illicit Usage Of The Digital Yuan According to […]

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FTX Offers Joint Plan For Voyager To Resume Withdrawals 

Bankrupt cryptocurrency platform Voyager Digital is working on resuming withdrawals on its platform. According to the firm, it has sent permission to the court to allow users to withdraw their balance. Meanwhile, FTX exchange has offered to help the platform with the withdrawal process. FTX offers to allow the customers of Voyager to withdraw using […]

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PolySwarm’s CEO Calls For Usage Of Blockchain In Cybersecurity 

As technology continues to advance, the issue of cybersecurity becomes more crucial for companies. This is due to increased fraud and data theft going on the internet.  As a result, the CEO of PolySwarm firm, Steve Bassi, has called on firms to embrace blockchain technology for improved cybersecurity. PolySwarm’s CEO Highlights The Need For Blockchain  […]

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South Korea Pushes 20% Crypto Tax Implementation To 2025

The latest report shows South Korea has decided to delay its crypto tax implementation. The government had initially issued a 20% crypto tax that will become effective next year January. However, the government has delayed the date until 2025.  South Korea Delays 20% Crypto Tax Till 2025 Officials of the state announced the postponement on […]

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CBN Gov Accuse Commercial Banks Of Killing eNaira Adoption

After launching the eNaira about nine months ago, the adoption rate is still shallow. Meanwhile, the CBN (Central Bank of Nigeria) governor, Godwin Emefiele, blamed commercial banks for the low patronage. Additionally, he stated the banks do not like the idea of a CBDC. This is because the increased usage of the eNaira will not […]

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Coinbase Allegedly Suspends Its Affiliate Program

According to a leaked email from Coinbase, the platform will halt its affiliate initiative in the United States on July 19th. The leaked emails highlighted two reasons for the suspension.  They include the state of the crypto market and expectations for the remaining months of 2022. Meanwhile, Coinbase said its affiliate program might return in […]

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