While major fashion brands are going all in on the metaverse and NFTs, brands native to the Web3 space are heading back to physical reality for visibility. Web3 fashion is subverting the narrative at New York Fashion Week (NYFW) this fall. Fashion brands native to the Web3 space will be premiering in real life (IRL)…
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Stellar’s CTO and co-founder is now building a team of industry experts and engineers to pioneer a new frontier of space exploration. Blockchain technology pioneer Jed McCaleb is shifting some of his focus to a new frontier, space. The prominent crypto billionaire announced the launch of his new venture “Vast” on Sept. 12, which is…
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Golem is on a bullish streak, having increased by more than 55% in seven days to trade at $0.36350. GLM is known for massive euphoric surges followed by severe retracements. Speaking about Golem Network’s introduction, it’s a revolutionary decentralized computation network that distributes excess computing power to those in need. … Read More: Golem Price Pumping…
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Bitcoin price gained pace and settled above the USD 22,000 pivot level. BTC is currently (04:00 UTC) showing positive signs and eyeing more upsides. If there is a correction, the bulls might appear near USD 21,500. Besides, most major altcoins are slowly moving lower. ETH declined a few points and struggled to stay above USD…
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India’s Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency’s investigation into 16 fintech companies and instant loan apps. Wazirx Says Its Bank Accounts Are Now Unfrozen Indian cryptocurrency exchange Wazirx said Monday that the Enforcement Directorate (ED), the…
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Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees unwaning institutional demand…
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Abra announced its international venture and U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively. Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets. In a Monday announcement, Abra…
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A large chunk of the world’s wealth today is locked in illiquid assets, notes the report’s authors. The total size of tokenized illiquid assets, including real estate and natural resources could reach $16.1 trillion by 2030, according to the Boston Consulting Group (BCG). In a newly released report from BCG and digital exchange for private…
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CoinShares’ head of research James Butterfill said the outflows come despite “the improved certainty of the Merge.” Institutional investors may be wavering ahead of the Ethereum Merge, with digital asset investment products seeing an outflow of $61.6 million of Ether (ETH), signaling concerns about the success of the upgrade. In its digital asset fund flows…
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The trade group includes many of the industry’s biggest names among its members; director Kristin Smith calls them “a great group to help steer the success of this enterprise.” United States-based trade group Blockchain Association announced Monday that it had formed a political action committee, to be called BA PAC, thus joining an industry trend…
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