Europe needs ‘Airbus for the metaverse’ to become global Web4 leader
Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.
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Hashkey HK opens AVAX trading with $1M portfolio requirement
Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong. 387 Total views 17 Total shares Hong Kong crypto exchange Hashkey, the first to receive a retail crypto license in the Special Administrative Region (SAR), will open Avalanche (AVAX) trading on its platform. However, there is

Crypto payments: PayPal’s stablecoin ripple effect on markets
PayPal’s introduction of its native stablecoin, PayPal USD (PYUSD), has sparked heated debates within the crypto industry regarding its possible sway on payments and wider crypto adoption. While this step seems to be a big jump toward accepting cryptocurrencies in regular finance, some industry observers advise caution. They underline the hurdles and limitations that could

3AC wallet buys NFT with 3-year-old offer, zkSync denies insider minting claims: Nifty Newsletter
A wallet owned by the bankrupt hedge fund Three Arrows Capital purchased an NFT via a three-year-old offer.

Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022. 99 Total views 1 Total shares The Abu Dhabi Global Market Financial Services Regulatory Authority has granted its Financial Services Permission for cryptocurrency firm Rain to offer brokerage and custody services to residents. In a July 25 announcement, Rain…

Perplexity AI’s ad integration plan draws shock, mockery: ‘This company is toast’
The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine.

Elon Musk voices support for sweeping AI safety regulations
Musk said he was pro-AI regulation “just as we regulate any product/technology that is a potential risk to the public.”

Bitcoin Loses $7,000 Support After ETF Delay, Altcoins Suffer Large Losses
Bitcoin (BTC) prices broke below the $7,000 support level late August 7 to hit lows on Wednesday, August 8 not seen since mid-July, as 99 out of the 100 coins on CoinMarketCap see red. Market visualization from Coin360 At press time, BTC was trading around $6,499, down around 8.5 percent on the day and capping…

Nigerian central bank adds NFC upgrade to eNaira for contactless payments
The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC. 178 Total views 1 Total shares Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency…