Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
Nicholas joins Meta as an executive mixed reality producer for entertainment experiences.
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Bahrain central bank licenses Sharia-compliant crypto exchange
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia. CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in the Kingdom of Bahrain, has obtained a license from the Central Bank of Bahrain, or CBB.The newly acquired “Crypto Assets Services Company License” allows CoinMENA to operate…

Sanctions-Hit Iran A ‘Heaven’ for Bitcoin Mining, Says Gov’t Official
Iranian authorities are wrestling with the rising number of citizens turning to Bitcoin mining and use as a means of coping with a sanctions-crippled economy.Iran’s minister for information and communications technology, Mohammad Javad Azari Jahromi, told the Associated Press (AP) that the country has become “a heaven for miners,” according to a July 18 report.…

China’s digital yuan nears $250B transaction volume: Central bank governor
While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply. 83 Total views 20 Total shares Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank…

Bitcoin gained 300% in year before last halving — Is 2023 different?
Bitcoin (BTC) faces a “bottoming candle” in 2023, but BTC price action is still more than able to surprise the market.In a tweet on Jan. 11, popular trader and analyst Rekt Capital predicted that BTC/USD could see “decent upside” this year.Chart teases serious Bitcoin upside potentialAnalyzing Bitcoin’s four-year market cycles around block subsidy halving events,…

STEPN move-to-earn tokens GMT, GST hit new highs after Coinbase listing announcement
The native tokens of move-to-earn lifestyle app STEPN swung higher on news that they would be available to trade on Coinbase, a U.S.-based crypto exchange.The price of STEPN's governance token Green Metaverse Token (GMT) rallied by nearly 20% to reach over $4 in the past 24 hours, hitting as high as $4.50, its best level to…

Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace. 550 Total views 5 Total shares Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastructure testing. The project will assumably prepare the payments platform for…

Can the Optimism blockchain win the battle of the rollups?
Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a…

Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target
Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.”BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHedging bets against a “swift downwards move”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in two…