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Metagalaxy Land Ushers in Advanced Metaverse Experience, Bolstered by Investment from Blockchain Incubator 10SecLabs

26.6.2023
PRESS RELEASE. 10SecLabs, a leading force in the blockchain incubation landscape, has taken a significant investment leap into the innovative Metagalaxy Land project. This development comes ahead of Metagalaxy Land’s much-anticipated Metaverse Platform Launch. Set to be a trailblazer in...

NEAR Foundation and Alibaba Cloud Join Forces to Boost Web3 Development in Asia

26.6.2023
NEAR Foundation, a non-profit organization responsible for developing the NEAR protocol, has partnered with Alibaba Cloud to facilitate the growth of Web3 in Asia and the Middle East. As part of the partnership, NEAR Foundation will gain access to Alibaba Cloud's developer ecosystem across...

Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

25.6.2023
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge...

Macro Strategist David Hunter Predicts Global Markets’ ‘Melt Up’ Surge in Q4 2023, Followed by Impending ‘Bust’

23.6.2023
David Hunter, the chief macro strategist at Contrarian Macro Advisors, predicts an interesting development for global markets in the fourth quarter of 2023. According to him, global markets will experience a remarkable surge, aptly described as a “melt up.” However, this surge will...

BRICS: History, objectives and an overview of the global alliance

23.6.2023
Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance

Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US

21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...

Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan

20.6.2023
The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the Chinese swap line to preserve the dollar reserves...

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America

19.6.2023
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years

dApp Store kit adopts new tech stack to power Web3 gaming development

16.6.2023
Ready Games’ software development kit is touted to help improve Web3 gaming accessibility and user experience

Fans Spot Striking Similarities Between Steampunk Game Trailer And BioShock Infinite's

15.6.2023
During the Summer Game Fest Xbox Showcase, developer inXile revealed its new steampunk roleplaying game called Clockwork Revolution. “New” though the game may be, the trailer had some viewers experiencing deja vu, as in some ways it appears to ape ten-year-old trailers for Irrational Games’...

Overwatch 2 Can’t Afford A Season This Mid

14.6.2023
Overwatch 2 is getting its ass beat online lately and for good reason. With the exception of its Pride event, it’s been nothing but bad news for the hero shooter between Blizzard announcing it was gutting its planned PvE suite of skill trees and replayable hero missions to charging $15 for...

BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System

14.6.2023
Dilma Rousseff, president of the New Development Bank — also known as the BRICS bank — and former Brazilian president, has called for establishing a financial architecture designed for the so-called Global South. In a keynote speech at the 14th Lujiazui Forum, Rousseff remarked on the importance...

US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

13.6.2023
The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June...

Honduras Applies to Join BRICS Bank

13.6.2023
The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry into the financial organization, alongside Argentina....

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition

9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....

Cardano Price Prediction as Research and Development Firm Input Output Responds to SEC's Claims that ADA is a Unregistered Security – What Happens Next?

9.6.2023
It’s been an ugly few days for ADA, the cryptocurrency that powers the Cardano blockchain, a decentralized smart-contract-enabled layer-1 protocol. ADA dropped another near 7% on Friday to hit $0.30 per token and is eyeing a retest of March’s lows. Losses on the week now stand at a staggering...

Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

9.6.2023
Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its coin listings in the wake of recent U.S....

Ethereum Staked on Coinbase Sees Massive Redemptions, Over 27,000 Tokens Redeemed on June 6

8.6.2023
Recent statistics reveal that a significant amount of ethereum staked on Coinbase has been redeemed, with 27,280 tokens being redeemed on June 6. This development comes in the wake of the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Coinbase for not registering...