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Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
23.8.2024
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which...
HTC launches no-code game creator for ‘Viverse’ metaverse
22.8.2024
Creators can build out massively multiplayer games and social spaces using the in-world VR user interface
There's A World Of Warcraft VR Ride And It's Incredible
22.8.2024
Wandering the vast acres of Microsoft’s hilariously named “booth” at this year’s Gamescom, there were many sights to behold. A vast Space Marine towers over the crowds of journalists, next to an enormous flag-strewn faux-stone hut that houses half-hourly showings of Obsidian’s upcoming RPG Avowed....
Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
21.8.2024
The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the...
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Seychelles Approves Bill on Virtual Asset Regulation
20.8.2024
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance...
China’s Supreme Court lists Virtual Assets as a money laundering method
20.8.2024
China’s Supreme Court has listed Virtual Assets as a money laundering method as it released “Interpretation on Several…
Investigating Innovation on Berachain
19.8.2024
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates answers many questions about Berachain, including what it is, why...
The Grand Theft Auto: San Andreas VR Remake Sounds Dead In The Water As Meta Pivots To AI
15.8.2024
Remember when Meta, previously known as Facebook, was going to take the internet into three dimensions by recreating it in virtual reality as the metaverse? Ah, such times. More recently, the social media company has been scaling back its VR ambitions, and a VR remake of Grand Theft Auto:...
Massive $593.5M Bitcoin Move: US Government Shifts Silk Road Stash to Coinbase Prime
14.8.2024
A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known...
Even Chuck E. Cheese Is Getting A Subscription
12.8.2024
You can subscribe to services for music, food, and underwear. Why not a subscription for kids party venues as well? Chuck E. Cheese, once the home of beautiful and haunting animatronics, is launching a new membership for free games and discounted food that can’t wait to get added to the list...
Half of the 10 most valuable companies on Earth are making metaverse hardware
11.8.2024
The metaverse is dead, long live the metaverse
Hong Kong virtual banks eye Web3 growth despite regulatory hurdles
9.8.2024
Despite capturing just 0.3% of retail bank assets, Hong Kong's virtual banks are exploring opportunities in the Web3 space
Thailand launches regulatory sandbox to test crypto services
9.8.2024
Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more
India has no plans to regulate crypto sales and purchases
7.8.2024
Despite tightening measures against money laundering and terror financing, India has no immediate plans to regulate cryptocurrency transactions
Hong Kong virtual bank Mox Bank launches crypto ETF trading
7.8.2024
The Standard Chartered subsidiary says it's the first bank of its kind to offer spot Bitcoin and Ether ETF trading to customers
Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO
3.8.2024
The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme...
Solana Token’s Rally Reflects Protocol’s Potential, Says Web3 Advocate
3.8.2024
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite...
Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report
2.8.2024
For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."