According to reports, Trust banks in Japan may soon be allowed to manage digital assets. The country’s regulator, FSA (The Financial Services Agency), made the announcement recently. However, the FSA will have to deliberate on the matter before deciding. Reports say it would seek public opinion for a month before announcing the new changes. Nikkei,…
Meta, the parent company of Instagram and Facebook, has taken another giant stride for the metaverse. The firm is launching a designer virtual clothing store for its users. Hence, users can buy different wear for their digital avatars. Also, Meta opines that this sector would be very profitable. This is because it determines the identity…
A popular European banking Institution, the KBC Group, has launched its own virtual token. This token, dubbed the “Kate Coin,” is based on blockchain technology. More also, customers of the banking institution will have access to the token. Customers can use it via their mobile app and digital wallet. KBC Releases Digital Coin, Kate Coin…
In the latest news, the largest NFT marketplace, Opensea, has switched protocol. The company stated that it is moving to Seaport, a web3 open market platform. The good news is that users will no longer pay account initialization fees. Also, the move will reduce the amount spent on network fees by over 35%. Opensea Leaves…
Various regulators are showing concern as the crypto market continues its downward slide. They believe it is high time that a move is taken to regulate the sector. Moreover, agencies like the Securities Exchange Commission (SEC) call for more regulations. The SEC boss, Gary Gensler, earlier stated that crypto regulation is not enough. While commenting…
The EU’s latest decision to restrict the usage of non hosted wallets appears to be taking effect. A state in Europe has taken the first step to outlaw non hosted crypto wallets. Lithuania Moves To Ban Anonymous Crypto Wallets The government of Lithuania has taken steps to tighten its crypto regulations. The government made a…
A recent report states that Brazil’s central bank is developing a unique kind of CDBC. According to the central bank’s president, the CBDC will be used for wholesale purpose. Also, private banks will be able to use the digital Real as collateral to issue stablecoins. Digital Real Will Be wholesale Oriented Brazil plans to issue…
Globally, different countries are embracing the usage of blockchain technology. This is due to the benefits it offers to various sectors of the economy. The Nigerian crypto and blockchain advocacy group SIBAN has announced guidelines for all VASPs. The goal is to promote regulation and innovation in the blockchain and crypto sectors. Safeguarding The Nigerian…
Crypto big shot Sam Bankman-Fried has shared his perceptions about the crypto industry as an innovative tech. His unique revelations came in a lengthy Twitter thread that he posted earlier this week. In the thread by the FTX CEO, the issue of regulations and compliance stood out amongst other challenges. Bankman-Fried Crypto Insights The giant…
MATIC recorded a new ATH of $2.92. The alternative token has possibilities of exploring further surges before this year’s end. The run-up saw Polygon claiming the 14th spot in the crypto-list by market cap. Polygon (MATIC/USD) is a scalability blockchain network and a framework connecting and building Ethereum-compatible blockchain networks. It’s a Layer2 aggregator that…
Jack Dorsey, the former Twitter CEO, has single-handedly riled up the global crypto community through his tweets targeting centralization, the web3 initiative, and numerous VCs. Many essential and notable personnel spoke for and against the criticism. Jack’s tweet where he took a jab at web 3.0 protocols and notable venture capitalists and venture capital firms…
Blockchain data intelligence outlet, Chainalysis, will integrate a support platform for L2 Lightning protocol, in its framework for Bitcoin leveraged blockchain network, early next year. In its press release earlier today, Chainalysis has announced to the general public that it aims to leverage L2 lightning Network protocol for its next round of system upgrades, which…
According to Nigerian cryptocurrency and blockchain experts, most of the people will only consider using the e-naira, once the country’s central bank makes enough effort to make the CBDC an attractive currency to use. The Central Bank of Nigeria (CBN) recently made claims that majority of the people in the country of about 200,000 residents…
Florida as of now, is the first state in the U.S to radically adopt blockchain leveraged technologies to multiple sectors of its economy. In the announcement of the year 2022 budget for the Florida State, coined “Freedom First Budget”, state governor Ron DeSantis, confirmed that the 2022 budget totaling a sum of $99 billion was…
ArchAngel Token (ARCHA) is one of the latest community-driven tokens that have been launched into the cryptocurrency sector. These tokens are expected to grow tremendously big in the upcoming months. The developers at ArchAngel Token already have the roadmap set out for them. They also have a plan for how they would incorporate their ARCHA…
With another new day, more cryptocurrencies have been launched into the crypto-verse. As always, it is the Binance Smart Chain that has recorded the highest number of listings. Out of the 30 most recent listings, 18 listings have been made on the Binance Smart Chain. In the crypto-verse, the most recently added cryptocurrency is MetaPool…
The growth of the metaverse has been nothing short of exceptional. The virtual world has gone from being a fantasy and science-fiction to gradually becoming a reality. As of writing, the interest in the metaverse is growing by the day and attracting investors. One thing stands out -the rush to grab virtual plots of land….
The high levels of scalability offered by the Solana network have helped it stand out in the crypto space. It has been touted as having a lot of potentials and this is becoming more evident. It appears that the network is now surpassing some of the top tech companies in the market when it comes…
The recent gains had WAVES overcoming GRT and QNT, ranking 47 by market capitalization. WAVES parameters show that the coin will sustain extended bullish. An NFT play-to-earn game Waves Ducks, is among the elements contributing to the alt’s positive actions. The top ten digital currencies lead the financial market today after yesterday’s downside actions. Some…
A new research lab for blockchain has been opened in Shanghai by “Shanghai-Maritime-University” to enhance innovation in financial technology. The inaugural date of the respective research lab was 15th September 2021. The Conflux project and its expected outcomes The target of this institution is to make the city further established as a hub for shipping…
