The relevance of social media platforms in swaying global politics was first highlighted with the rise of Facebook (rebranded later to Meta), which was accused of manipulating information based on user demographics. Twitter, which was recently acquired by Elon Musk, got the short end of the stick as US President […]

India’s much anticipated Digital Rupee has been launched for the wholesale segment on a pilot basis. The use case for Digital Rupee in wholesale will be the settlement of transactions in government securities in the secondary market, the RBI said in a statement. “The use case for this pilot (wholesale segment) […]

Blokhaus, a Web3-focused, industry-leading agency announced the launch of Minterpress, a a free and new kind open-source NFT tool that allows creators and collectors to mint and host eco-friendly NFTs on WordPress. The tool is built on the energy-efficient Tezos blockchain, NFTs minted through Minterpress are energy-efficient, without the negative […]

Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and blockchain on the country’s economy. In a Nov. 4 announcement, the DCMS committee said its inquiry was related […]

The price of Ripple (XRP) is in a tight range between moving average lines. However, sellers have broken below the 50-day line SMA, suggesting that the downtrend has resumed. After the decline, the altcoin is setting up for an upward correction to retest the moving average lines. Selling pressure could […]

The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies in order to create standards for an interconnected metaverse. The organization, formed by companies such as Animoca Brands, Dapper Labs, The Sandbox, and Unstoppable Domains, stated its objective was to achieve a decentralized, community-led, and user […]

Crypto exchange Coinbase saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but managed to cut its losses in half compared to the prior quarter. In its shareholder letter released Nov. 3, the company shared that transaction reven had […]

The Digital Agency of Japan, aimed at harmonizing nationwide initiatives related to digital transformation, has launched a research decentralized autonomous organization, or DAO, targeting Web3. In a Nov. 2 meeting, the Digital Agency said it had established a DAO in an effort to explore the “functions and roles” of DAOs. […]

Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets.  According to CNBC, Fidelity’s new crypto offering will be powered by its subsidiary, Fidelity Digital Assets. Dubbed Fidelity Crypto, the new service will give retail investors the […]

The building of the metaverse is an ongoing process. Sebastien Borget, co-founder of The Sandbox metaverse, even called the future of the metaverse evolving. Speaking to Cointelegraph’s Gareth Jenkinson at the Web Summit tech conference in Portugal on Nov. 3, Borget said that what we see today in The Sandbox […]