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“# The Australian Open swings into the Metaverse on Decentraland ” Tennis Australia has partnered with Decentraland to host the Australian Open (AO), which will be the first official tennis grand slam in the Metaverse. A virtual recreation of key areas in Melbourne Park, including the Rod Laver Arena and Grand Slam Park, will be…
“# Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase ” Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what…
“# OCC Comptroller calls for federal collaboration with crypto intermediaries ” The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to better understand the risks within the growing $2 trillion cryptocurrency market. Speaking at the Transatlantic Finance Forum on the topic of “The Future…
“# 22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea ” An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold nearly 1,000 selfie images…
“# 2021: A year of mass adoption for cryptocurrencies in Brazil ” Throughout 2021, the Brazilian cryptocurrency market managed to distance itself from the police pages and finally win acceptance with the general public, whether in the financial market or even in the greatest national passion: soccer. Last year, Bitcoin (BTC) acted as a strong…
“# Uruguay reportedly installs its first Bitcoin ATM ” Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations. According to Ámbito, Uruguay’s first crypto ATM was…
“# Hong Kong begins discussions to introduce stablecoin regulatory framework ” Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24. HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the…
“# Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022 ” 2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more…
“# Stacks ecosystem becomes #1 Web3 project on Bitcoin ” On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts….
“# Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s ” El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service. Moody’s analyst Jaime Reusche told Bloomberg this week that El Salvador’s Bitcoin gambit “certainly adds to the risk portfolio” of a…