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Metaverse NFT projects boom as Meta ignores blockchain

It’s been a booming time for the NFT market, and as data from CryptoSlam shows, there has been particular interest in metaverse projects recently.

How the market is evolving from GameFi to SocialFi — and what comes next

A blockchain is a database that can record all transactions and transfers for the entire world. All users can use public blockchain explorers to verify all data is correct.  Blockchain facilitates transactions of virtual currencies like Bitcoin and Ethereum. Transactions that take place are fast, cheap, tamper-proof and irreversible.  But blockchain technology is not limited […]

Who are the biggest players in the metaverse today?

The multi-faceted metaverse provides new channels for gaming, socialization, art exhibitions and more. Who’s leading the race and how?

Play to live: GameFi drives a Southeast Asian crush on crypto

More people in the region are in thrall to play-to-earn gaming as it adapts to offer real-world uses, says Infinity Ventures Crypto founding partner Brian Lu.

Meta showcases focus on AI, announces new voice assistant program

The brand has long centered around connecting people and seems determined to carry that branding to its next stage as a metaverse company.

What is the Metaverse and Why Should You Care?

You’re probably wondering why you need another world when the one we live in is complicated enough. Here’s what you need to know to better understand the metaverse and what all the hype is about.

Sandcastles in cyberspace and the rise of the metaverse

As businesses wake up to the potential of the metaverse, we ask The Sandbox’s Sebastien Borget whether its creator-driven promise will persevere.

South Korea struggles to prevent sexual harassment of minors in the metaverse

While the government cultivates the booming metaverse industry, experts say laws fail to protect youth from abuse within virtual and digital realms.

Crypto market rebound is short-lived as Russia tensions loom

Investor relief at last week’s slight market rebound gave way to concerns over military tensions in Ukraine, sending crypto and traditional markets reeling.

Genshin Impact developer launches HoYoverse, teases metaverse

Popular video game Genshin Impact developer miHoYo announced on Monday the launch of HoYoverse for its global expansion while hinting its entry into the metaverse race. Fast facts The China-based game developer wants to provide a virtual world with a “high level of freedom and immersion,” miHoYo CEO Haoyu Cai said in a statement.  MiHoYo […]

Collision or coexistence: Can CBDCs and crypto live side by side?

As more countries announce plans for central bank digital currencies, will that break crypto’s promise as the future of money?

Will the growing regulatory heat on stablecoins stifle innovation?

As stablecoins face pressure to adopt traditional safeguards, the industry’s efforts to self-regulate should not be overlooked, writes Charlie Martin of Gro.

Fan friction: What’s keeping influencers and artist communities from Web3?

The new token economy offers unparalleled opportunities for content creators, writes Weiwei Geng of Unite.io. Improving user experience will be key.

Indian crypto exchange CoinDCX crosses 10 million user mark

Indian crypto trading exchange CoinDCX says it has crossed the 10 million user mark. Fast facts CoinDCX had 3.5 million customers as of August last year.  CoinDCX became India’s first crypto unicorn after its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital and others. Established in 2018, the company’s milestone […]

Year’s biggest rally pushes crypto market cap above $2 trillion

After a poor start to the year, the market needed some good news. Industry watchers urge caution.

Aussie mining billionaire files suit against Meta over crypto ads

Australian resources mining billionaire Andrew “Twiggy” Forrest is taking Meta (formerly Facebook) to court alleging the social media giant breached local money-laundering laws by failing to prevent false cryptocurrency advertisements on its platform. Fast facts In legal proceedings lodged in the Western Australia Magistrates Court, Forrest alleges Meta “failed to create controls or a corporate […]

Meta sells stablecoin Diem project for $182M

Meta (formerly Facebook)-backed stablecoin project Diem’s intellectual property and assets have been sold to cryptocurrency bank Silvergate Capital Corporation for US$182 million, both entities confirmed on Monday. Fast facts “[W]e identified a need for a U.S. dollar-backed stablecoin that is regulated and highly scalable to further enable them to move money without barriers,” said Silvergate […]

Why governments have powerful incentives to develop digital currencies

CBDCs can increase financial inclusion and prevent crime, according to blockchain expert Tiana Laurence. What’s not to like about state-backed digital money?

Building a blockchain ecosystem today for the metaverse of tomorrow

The metaverse could be life-changing for the world’s unbanked, writes Pavel Matveev of Wirex. Interoperability between the real and virtual worlds will be key.

South Korea wants to be the physical home of the metaverse

The tech-savvy nation is deemed a prime environment to grow the metaverse. What comes next, and will some be left out by a digital divide?

S.Korea aims to conquer the metaverse in its five-year strategy

South Korea’s science ministry announced on Thursday a five-year strategy to lead the global metaverse race. Fast facts South Korea aims to produce 40,000 experts in the metaverse field to propel the nation into the ranks of the five leading nations in the global metaverse market. South Korea’s Ministry of Science and ICT (MSIT) said […]

Straight shot: How sports stars are sidestepping middlemen in Web 3.0

A pro basketball player and an ex-banker are aiming for a slam-dunk with a ‘creator first’ content platform. Calaxy co-founder Solo Ceesay explains how.

Hyundai Card VP: Crypto’s ‘tulip mania’ stage is passing

Hyundai Card vice president Chung Tae-young said on Wednesday the rise of NFTs (non-fungible tokens) and the metaverse is helping crypto to move past the Dutch tulip mania stage. Fast facts “Although there might be ups and downs, it seems cryptocurrencies are passing the ‘Dutch tulip stage,’” Chung wrote in a Facebook post.  Hyundai Card, […]

The rising tide of decentralization in mass movements

Alternative approaches to governance have never been more important, writes Alexander Filatov of TON Labs. Here is how DAOs can change the world.

Singapore crypto ATMs shut down to comply with central bank rules

Cryptocurrency ATM operators in Singapore halted operations on Tuesday to comply with new guidelines issued by the Monetary Authority of Singapore (MAS), the country’s central bank, Bloomberg reported.  Fast facts Crypto ATM operators Daenerys & Co. and Deodi Pte shut their operations down as they await further clarification from MAS.  New central bank guidelines issued […]

Microsoft to acquire gaming giant Activision Blizzard in metaverse bid

Microsoft announced on Tuesday a US$68.7 billion acquisition plan of gaming giant Activision Blizzard as part of its reach for the emerging metaverse market. Fast facts “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Satya Nadella, […]

Top Chinese university launches on Baidu’s metaverse

A major university in China has become the country’s first academic institution to join the metaverse, after it reproduced its physical campus as a virtual university on Baidu’s XiRang platform. Fast facts The Communication University of China announced last week that the digital campus had hosted an anniversary celebration and awards ceremony on Dec. 26, […]

Kazakhstan crypto mining fortunes falter as regime unplugs internet

Top blockchain and crypto news: Bandwidth bust in Kazakhstan. Binance chief CZ tops rich list. Digital yuan app adoption grows.

Kakao-backed Klaytn announces 5 partners for gaming and metaverse expansion

Klaytn, a public blockchain platform under South Korean internet giant Kakao, announced on Monday five partnerships to drive plans to become a global blockchain benchmark for the increasingly competitive gaming and metaverse space in 2022. Fast facts Klaytn is partnering with Japanese tech giant GMO Group, Indonesia’s Innovation Factory, NFT marketplace East NFT, U.S.-based entertainment […]

Crypto is presidential election campaign issue for South Korea

In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea’s booming virtual asset space.
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Top 5 NFT trends to watch in 2022

NFTs are finding novel uses across many sectors, from fashion to real estate. What industries stand to benefit most from this technology in the year ahead?

Bitcoin at 13: The new age of crypto

With wider acceptance as a financial asset, a teenage Bitcoin may not see the explosive 200% average annual returns of the past, but also may experience less price volatility.

Top 5 blockchain trends for 2022 and beyond

Looking beyond this year’s headlines like El Salvador’s Bitcoin adoption, here are the key developments in blockchain technology that will have lasting impact in the new year and beyond.

How DeFi is devouring traditional finance, bit by bit

2021 will go down as the year the DeFi giant woke up, writes Derek Alia of Futureswap. What lies in store for decentralized finance in the year to come?

Looking ahead: 3 crypto predictions for 2022

As 2021 draws to a close, what are this year’s milestones and trends to watch in the year ahead? Forkast.News consults experts to find out.

What will the metaverse be like in 2022?

Animoca Brands chairman Yat Siu sees a mass migration to the ‘open metaverse’ while the ‘closed’ ones will fail. What does this godfather of blockchain gaming mean by that?

These e-CNY hard wallets might get people talking at the Winter Olympics

China prepares to show off its tech innovation muscles at the Beijing Winter Olympics as it unveils some unusual-looking wallets for its new digital yuan.
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H&R Block claims trademark infringement by Square’s new name ‘Block’

U.S.-based tax preparation service company H&R Block has filed a trademark infringement case over Square’s new name, Block. Fast facts The lawsuit states: “Block brings this lawsuit to protect consumers from being deceived and to prevent a Silicon Valley tech company from stealing Block’s name.” According to a press release from H&R Block, fintech firm […]

Bitcoin’s price is a lie, says Morgan Creek Capital chief

Bitcoin’s current price is not indicative of the crypto’s future prospects, says Mark Yusko, who looks forward to the tokenization of everything.

Venture capitalists are falling for play-to-earn gaming startups

Games like Axie Infinity are now the darlings of big investors. Does it matter that revenue is falling and many players earn less than the minimum wage?

Myanmar’s shadow government uses Tether in its fight against military rule

The National Unity Government recognizes Tether as an official currency, defying the cryptocurrency ban imposed last year.

Why the metaverse is a trillion dollar opportunity

Metizens can already attend concerts, visit art galleries and earn money in a metaverse, writes Joe Caselin of Hex Trust. What’s coming next?

Cryptocurrency prices take another hit in downward spiral

Macroeconomic factors and a spate of bad news override bullish outlook in crypto market as the year lurches toward its end.

Meet the DAO chief who wants artificial intelligence to take his job

Decentralized autonomous organizations are ripe for robot takeovers, says SingularityDAO’s Marcello Mari. After all, why do decentralized entities need leaders?

Gaming’s new tipping point into metaverse matters

Gaming is increasingly defined by NFTs, play-to-earn and the metaverse, writes Charlie Baillie of Ampverse. Will Asia continue to lead the hottest gaming trends?

Meta says South Korea is top-tier environment for the metaverse

Meta’s South Korea representative says the country has one of the best environments for the metaverse business to thrive in, at its first press conference in Korea after rebranding from Facebook. Fast facts At Meta Korea’s VR (virtual reality) art media showcase, Jung Ki-hyun, the country director, said South Korea is accommodating to the metaverse […]

Manny Pacquiao launches esports team in midst of presidential campaign

‘Team Pacquiao GG’ may be coming soon to League of Legends and Axie Infinity. But whatever happened to the former pro boxer’s Pac token?

Bitget suspended over Army Coin, named after K-pop boy band BTS fanbase

Singapore-based crypto exchange had claimed the fan token would support BTS members — while the band’s agency denied any association with it.
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Foxconn’s Terry Gou: mainstream monetary finance could not be decentralized

Terry Gou, founder of Foxconn, which manufactures components for Apple’s iPhone, said Saturday at an event that mainstream monetary finance could not really be decentralized and only an underground economy would adopt cryptocurrency, as reported by Taiwanese local media Economic Daily News. Fast facts Gou later said in a Facebook post — to clarify comments […]

Why a decentralized metaverse is Web 3.0’s new frontier

The metaverse is a convergence of the physical and digital worlds, writes Gloria Wu of Ontology. How can the metaverse escape Web 2.0’s failings?

Metaverse picks up momentum; Binance tweet gets yellow card

Metaverse picks up momentum, on the other hand Binance tweet gets yellow card

Metaverse tokens lead market growth; BTC options set to expire

The metaverse has been the hottest trend in tech this past month and tokens attached to metaverse projects are showing that growth with the Sandbox’s SAND and Decentraland’s MANA are both up over 600% in the past month to reach all-time highs of US$8.51 and US$5.90 yesterday, respectively, according to CoinMarketCap. Fast facts The Sandbox […]

India proposes crypto ban; Metaverse race heats up

India proposes crypto ban meanwhile Metaverse race heats up

What would Jerome Powell’s second term mean for crypto?

Top blockchain and crypto news: Fed nominations suggest no sudden moves. El Salvador’s Bitcoin lava affair. Dodgy dealings in China’s digital yuan.

How will decentralized hosting change the future of social media? | Part 2

As social media’s influence on broader society continues to grow, decentralized platforms will mean less central moderation — for better or worse.

What decentralization can offer Web 3.0 and social media | Part 1

How blockchain technology can usher in the next stage of the internet and social media, through decentralized hosting and integration with cryptocurrency.

Crypto exchange Gemini raises $400M for product and market expansion

Joining the slew of cryptocurrency exchanges that have completed investment rounds in recent months, New York-based cryptocurrency exchange Gemini this week announced the close of a US$400 million funding round led by Morgan Creek Digital, bringing the company’s valuation to US$7.1 billion. Fast facts Investors in the funding round — which was Gemini’s first-ever outside […]

Snoop Dogg, deadmau5 join Outlier Ventures to invest in the metaverse

As interest in the metaverse continues to gain pace, big names in entertainment including Snoop Dogg, deadmau5 and Shaun Neff have joined leading crypto VC firm Outlier Ventures to invest and advise start-ups to accelerate the Open Metaverse. Fast facts Since launching its Base Camp Accelerator in 2019, Outlier Ventures has helped raise over US$250 […]

Mintable wants to be the world’s largest NFT market by cataloging all Ethereum-based NFTs

How to sift through millions of NFTs before buying? NFT marketplace Mintable is hoping to attract more users with these new organizing and ranking features.

Earnings for Axie Infinity players drop below Philippines minimum wage

After shooting to prominence earlier in the year and bringing huge profits to early adopters, earnings for players of blockchain-based game Axie Infinity have dropped below the minimum wage line for most players in the Philippines, according to a recent report by research firm Naavik. Fast facts Using data sourced from the official website of […]

A crypto trader is rescued after being kidnapped by local gang for six days

A crypto investor in Hong Kong was rescued six days after being kidnapped earlier this month when he tried to meet a buyer offline who promised to purchase his Tether tokens.

Taproot goes live; Hong Kong crypto kidnap

Taproot goes live, meanwhile Hong Kong crypto kidnap

Russia to legalize crypto mining; Korean candidate goes all out crypto

Russia to legalize crypto mining; Korean candidate goes all out crypto

Solana Breakpoint 2021 celebrates price ATH, technology and projects to come on the emerging blockchain

Rounding out an impressive year for the world’s No. 5 blockchain, Solana held its first global offline conference in Lisbon this week. Here’s a look at some of the key moments.

United we stand: crypto experts debate tribalism

Crypto is ‘a behavioral economics experiment,’ says Real Vision co-founder Raoul Pal. ‘Your incentive system is not a like button on Facebook, it’s money.’

Will El Salvador’s lead on Bitcoin inspire others to follow suit?

The Central American nation is the first to adopt Bitcoin as legal tender. As many countries face similar issues of large unbanked population and high remittance fees, will others follow suit?

Ethereum hits new all-time high; S Korea says NFTs not virtual assets

Ethereum hits new all-time high meanwhile South Korea says NFTs not virtual assets

Ethereum sets new all-time price high as crypto market cap nears $3 trillion

Ethereum reached a new all-time price high of US$4,766 earlier today, flying past its previous all-time high record of US$4,634 set five days ago, according to CoinGecko data. Fast facts The world’s second-largest cryptocurrency by market value has been on a record run since late last month. On Oct. 28, Ethereum’s price climbed to US$4,416 for the first time. The […]
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Disrupting the status quo: Why the world needs decentralization

The familiarity of centralized systems may feel comforting, but decentralized technologies like blockchain are the wave of the future, writes Corey Petty of Status.

Solana Ventures, Lightspeed Venture Partners and FTX partner to invest $100M in Web3 gaming

Solana Ventures, Lightspeed Venture Partners and cryptocurrency exchange FTX today announced that they are partnering to invest US$100 million on gaming studios and projects building on the Solana blockchain. Fast facts “Gaming has a massive opportunity to bring the next billion users to Web3,” said Amy Wu, partner at Lightspeed Venture Partners, in a statement. […]

Chinese companies rush to register metaverse-related trademarks

Chinese companies are in a craze for trademark registrations related to the metaverse, and Baidu and NetEase are the latest tech giants to register such trademarks. Fast facts According to the QiChacha, a website where you can search for information about Chinese company information, shows that NetEase has applied for three trademarks with the metaverse: […]

Fashion, art, games and community: What does a decentralized metaverse mean for you?

The idea of the metaverse has gone from the realm of science fiction to the latest business model of major companies from Facebook to Nike. What do metaverses powered by blockchain look like, and why is there so much interest in Decentraland?