The New York Stock Exchange (NYSE) has registered a trademark application to offer digital currency and NFT trading services in the metaverse. The application, filed on February 10th, constitutes the first foray of the company into the concept of the metaverse. The organization might be competing with other exchanges and established NFT marketplaces in the…
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The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian’s venture capital firm Seven Seven Six. The new financing that follows the startup’s $1.5 million seed round will allow Rainbow to focus on “onboarding the next 100 million users to Web3.”
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PRESS RELEASE. Adshares ($ADS) – the decentralised advertising protocol, has just shared an asset pack for DCL Builder, which enables seamless integration, automated settlement and automatic monetization of ads across Decentraland ($MANA) Metaverse advertising is inevitable Advertising is present in every sphere of life and already appears in metaverses in a very simplified form. Sooner…
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United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on the Blockchain The AFCM has, in conjunction with the UAE’s Ministry of Economy, launched a…
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Bitcoin price failed to gain strength above USD 44,500. BTC corrected lower and moved below USD 44,200 before recovering. It is currently (11:55 UTC) trading above USD 44,200 and is unchanged both in a day and a week. Besides, most major altcoins are also looking for a direction. ETH topped near USD 3,200 and…
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The New York Stock Exchange (NYSE), the world’s largest stock exchange, has filed a trademark application with the United States Patent and Trademark Office (USPTO) to register the term “NYSE” for an array of metaverse- and non-fungible token (NFT)-related products. Trademark attorney Michael Kondoudis initially revealed the application, saying that the NYSE “is coming…
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The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report claims that cryptoasset markets are rapidly evolving and could reach a point where they pose a threat to global financial stability due to their scale,…
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Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed that stablecoins are likely safer than traditional banks, and…
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Disney has created a specialized unit of senior employees and executives to oversee its move into the metaverse. Per Reuters and the BBC, which claim to have seen a Disney internal memo emailed to staff on the matter, Mike White, an executive who has been with Disney for over a decade, will oversee a…
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Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets. The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s Bank of China. The e-CNY, China’s…
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