Renewed interest in the Metaverse sends Decentraland (MANA) price 75% higher
MANA price booked a 75% bounce off its swing low as interest in the Metaverse is rekindled. Go to Source Powered by WPeMatico
Digital Currency
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A “unifying Web3 platform” will onboard 1 billion users by 2026, says Harmony COO
COO at Harmony, Li Jiang, is convinced that a bridge connecting all major blockchains is the key to building the foundation of a decentralized internet. Go to Source Powered by WPeMatico
New gold-based stablecoin by trading giant Mitsui reportedly on the way
Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project. Go to Source Powered by WPeMatico
Bitcoin, Ether, and NFTs will ‘never become legal tender’ in India, says Finance Secretary
“You can buy gold, diamond, crypto, but that will have not have the value authorization by government,” said T.V. Somanathan. Go to Source Powered by WPeMatico
Central Bank of Jordan reveals CBDC plans
CBJ governor also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate legislation is in place. Go to Source Powered by WPeMatico
Study: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60%
According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The number of financial advisors … Read more
UAE Based Money Transfer Firm Announces Partnership With Ripplenet
Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan Exchange, has partnered with Ripple in a deal in … Read more
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s military-ruled government is proposing to enact a law that … Read more
Russian Banks Begin Testing Digital Ruble Payments
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The … Read more
Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other areas. Iran to … Read more
