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80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
25.3.2023
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S....
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
21.3.2023
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers...
Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry
21.3.2023
Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should...
Top 7 virtual reality movies to add to your watchlist
20.3.2023
Discover seven VR movies featuring survival, investigation and unexpected bonds
Report: China Will Become a Metaverse Tech Leader During 2023
20.3.2023
A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality...
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
20.3.2023
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so
HFM releases its New Virtual Analyst with 120 language support
17.3.2023
HFM recently announced the release of its latest virtual analyst. Named Kate, the AI character can speak in 120 accents and languages. Other than the avatar’s realism, HFM (formerly known as HotForex) has also put emphasis on Kate’s learning curve. The avatar acts as an additional channel for users...
FIL Jumps 14% as Traders Await Filecoin Virtual Machine Upgrade
14.3.2023
FIL was lately trading at $7.22 ahead of an upgrade that will introduce several new features to the Filecoin network
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
Hedera confirms exploit on mainnet led to theft of service tokens
10.3.2023
Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer
Lego Prepares a Metaverse Collaboration With Epic Games to Target Digital Markets
10.3.2023
Lego, the Danish toy company famous for its colorful plastic bricks, expects to diversify its entertainment offerings portfolio, targeting the metaverse. The company is preparing to present a virtual world in partnership with Epic Games, the gaming engine company, to continue increasing its market...
Rollkit Developers Leverage Bitcoin for Sovereign Rollups, Sparking Criticism from Ethereum Proponents
6.3.2023
The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents...
Alvey Chain Introduces World’s first Next-Generation Virtual Reality Multiverse Exchange
6.3.2023
PRESS RELEASE. London – Alvey Chain, a decentralized Layer 2 Blockchain built on Ethereum Chain, also a leading provider of blockchain technology solutions, is proud to announce the launch of its next-generation Virtual Reality Multiverse Exchange. The new platform offers a secure, reliable...
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort
6.3.2023
PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million...
Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens
6.3.2023
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these actions, citing concerns about the interactions that...
The metaverse is testing the limits of what is legally possible
3.3.2023
While digital events and spaces have become increasingly common over the last few years, is the digital reality the right place for all types of moments, such as court proceedings?
Japanese Tech and Finance Giants Launch Japan Metaverse Economic Zone
28.2.2023
Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam...
Axelar Network launches Axelar Virtual Machine
28.2.2023
Axelar Network took to Twitter to announce the launch of the Axelar Virtual Machine. The objective is to boost the widespread adoption of Web3 by enabling developers to architect decentralized applications and deploy them all over the Web3 segment. The Axelar Virtual Machine is based on...
UAE emirate to launch free zone for digital and virtual asset firms
28.2.2023
Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have their own regulatory frameworks and tax schemes
‘Metaverse’ Term Creator Neal Stephenson Not Bullish About Massive Adoption of Virtual Worlds
28.2.2023
Neal Stephenson, ostensibly the first to coin the term “metaverse,” issued his opinion about the future of the adoption of virtual worlds. The sci-fi writer and co-founder of Lamina1, a blockchain metaverse company, believes that building experiences that millions of people consider...