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UAE Bank Launches VASP-Focused Accounts for Managing User Funds
1.8.2024
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP...
South Korean crypto exchanges face unexpected supervisory fees
1.8.2024
Introducing supervisory fees marks a crucial step toward increased regulation and oversight
South Korean crypto exchanges face unexpected supervisory fees
1.8.2024
Introducing supervisory fees marks a crucial step toward increased regulation and oversight
England’s Law Commission proposes new property category for crypto assets
31.7.2024
The Law Commission's final report advocates for legal reforms to better protect the unique features of digital assets
Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud
30.7.2024
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being informed that their accounts were nonexistent. The...
PlayStation VR2 Is $200 Off In Desperate Fire Sale
29.7.2024
It’s no secret that the PlayStation VR2 headset has struggled since launching back in 2023 and a new sale makes those challenges clear: Sony is currently selling the PS5 accessory for $200 off. Read more
Once Human’s Camera And Photo Mode, Explained
25.7.2024
Open world survival game Once Human’s camera (photo) mode offers limitless possibilities. You can snap a screenshot of your base, show off the latest weapon you handcrafted, or reach inside and find your inner artist by tweaking camera settings for a genuinely jaw-dropping photo.Read more
New Virtual Asset Protection Act Takes Effect in South Korea
22.7.2024
South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and adhere to anti-money laundering regulations,...
Metaverse book gets boring rename in latest sign of waning enthusiasm
21.7.2024
The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3
Metaverse book gets boring rename in latest sign of waning enthusiasm
21.7.2024
The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3
AI and Metaverse Combo Could Create More Interactive, Personal Virtual Worlds, Says Tech Veteran
21.7.2024
According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas argues that combining the metaverse with AI...
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
20.7.2024
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs
South Korea's strict laws on crypto exchanges come into force
20.7.2024
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19
Hong Kong unveils new stablecoin licensing regime
17.7.2024
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback
Hong Kong unveils new stablecoin licensing regime
17.7.2024
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback
The First Descendant: Is Caliber Worth Spending Real Money On?
16.7.2024
Free-to-play loot shooter The First Descendant takes a page out of every freemium game with multiple forms of currency—the majority of which you earn in-game and upgrade various stats, items, and characters with. But there’s one that requires real money, and that’s Caliber.Read more
Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF
13.7.2024
Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit...
Pudgy Penguins enables access to its virtual world with Web3 domains
10.7.2024
Pudgy Penguins and Unstoppable Domains have teamed up to allow users to access Pudgy World using .pudgy domain names
TON and Polygon team up to launch TAC, a new Ethereum L2
9.7.2024
TON and Polygon Labs say the L2 integration will bring a range of new applications, including DeFi and GameFi, to users of the TON ecosystem
Dr Disrespect Skins Removed From Abandoned Online Shooter, Players Refunded With Fake Money
8.7.2024
Free-to-play tactical shooter Rogue Company has disabled all cosmetics themed around Guy “Dr Disrespect” Beahm in the game following the streamer’s admission that he was banned from Twitch back in 2020 for having “inappropriate” conversations with a minor. Players will get refunds but only in...