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Porsche's NFT Collection Launch Ends in Disappointment – What Went Wrong?


Despite its ambitious plans to venture into the non-fungible token (NFT) market, German luxury car brand Porsche has managed to sell only about 25% of its first collection of 7,500 tokens. In just over 24 hours, some 1,909 of the NFTs had sold for ETH 0.911 per unit, or about $1,414 as of 2 p.m....

Nike’s .SWOOSH is scheduled to launch on January 25


The community-based Web3 platform, .SWOOSH, has been scheduled to go live on January 25, 2023. The news was broken to the community by the Senior Product Manager of Nike – Jasmine Gao. Jasmine has published a tweet through an official Twitter handle referring to the project as its studio...

MetisDAO Foundation announces the launch of KORIS


MetisDAO Foundations happens to have made their official announcement of the launch of KORIS. This happens to be an end-to-end functional framework for the sake of Decentralized Autonomous Companies (DACs). This happens to be the very first time something similar has been put forward, and...

Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program


The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment...

Binance to Increase Presence in Poland in Compliance With Local Regulations


Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves...

East African Community to Decide on Regional Central Bank Launch in 2023


The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central bank is expected to help...

Binance Custody Announces the Official Launch Binance Mirror


Binance, a leading cryptocurrency exchange, has just announced the debut of its mirror platform, Binance Mirror. Binance Custody, a reputable digital asset custodian that adheres to all applicable regulations, has launched its first off-exchange settlement service. Binance exchange now allows...

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil


Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using...

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