Metaverses are reinventing the wheel of social engagement as fantasy worlds linked to real life are seeing massive growth. Crucial to their success is a next-gen virtual economy where players earn real value for their digital creativity. VCOIN, the first transferable digital currency for the IMVU metaverse, is launching a […]

Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY Mellon’s subsidiary Insight Investment, believes that Bitcoin may not be suitable for most […]

Tanzania is on its way to becoming one of the first countries in Africa to have well-defined digital currency regulations. The country’s central bank is working on new directives for digital currencies following a recent push by the president to “keep up with the times” and look into digital currencies. […]

Nikolaos Panigirtzoglou, JPMorgan’s global market strategist, recently said that the institutional interest in Bitcoin and other cryptocurrency assets has dried up and even turned negative due to the latest market correction. In an interview with CNBC, Panigirtzoglou highlighted a gradual decline in crypto institutional inflows since April 2021. The strategist […]

Zurich-headquartered Credit Suisse is considering centralizing its management replacing its present regional structure in an effort to cut operational costs, Reuters reported on Wednesday, citing three anonymous sources. The report outlined that the investment bank executives are considering folding the private banking and other money managing divisions into one global […]

As the demand for crypto-based exchange-traded products (ETPs) is increasing, the Australian financial markets watchdog is seeking public feedback on such retail investment instruments. The Australian Securities and Investments Commission (ASIC) released a consultation paper on Wednesday that covers ‘crypto-assets as underlying assets for ETPs and other investment products’. The […]

China, the country that houses majority of the hashrate supporting digital currency networks, wants all block reward miners out of the country. The government crackdown has forced miners to leave China and find a new home—with the necessary infrastructure and low electricity costs—for their mining machines. This is not an […]

Blockchain networks are gradually changing the nature of transactions through on-chain infrastructures. This fundamental building block facilitates on-chain transactions within the crypto ecosystem, allowing stakeholders to validate or verify these transactions. Unlike traditional finance, where transactions take place off-chain, the crypto ecosystem has introduced public ledgers such as Bitcoin and […]

CoinMarketCap (CMC) has launched a token swap feature on its website through an integration with decentralized exchange Uniswap. CMC is one of the most well known crypto market data aggregators in the industry and has been owned by Binance since April 2020. The site’s Ethereum-based token pages now include a […]

U.S. Senator and Bitcoin proponent, Cynthia Lummis, would like to see U.S. residents turn to Bitcoin as part of a diversified strategy for their retirement plans. Speaking during the CNBC Financial Advisor Summit on June 29, Senator Lummis stated she would like to see Bitcoin and other crypto-assets become a […]