The Ministry of Economy of the United Arab Emirates (UAE) has announced a new headquarters located where anyone in the world can visit it: the Metaverse. According to Gulf News, The announcement was made on September 28 by the UAE Minister of Economy, Abdulla bin Touq Al Marri, during the Metaverse Assembly in Dubai, in which the minister stated that “this is not a proof of concept, but our third address”, before making a live visit to the virtual headquarters. The headquarters will have a multi-storey building, and each of them will have a different purpose. Visitors will be able…
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Kalin Metodiev, co-founder and managing partner of crypto lender Nexo, stated that his company was “shocked” by the way eight state regulators publicly took action against it for securities violations. Earlier this week, The California Department of Financial Protection and Innovation (DFPI) filed a cease and desist order against Nexo’s Earn Interest product, alleging that the company offered a product of value that the government had not authorized for sale in the form of an investment contract. investment. The DFPI also stated that it was joining regulators in seven other states in taking action against the company.including Kentucky, New York,…
In a recent interview, BitMEX CEO Alexander Höptner shared his opinion on institutional investors who, in his opinion, still have an appetite for cryptocurrencies and Ethereum. Speaking at the Token2049 conference in Singapore on September 28, the executive told Cointelegraph that there has not been a “single slowdown in institutional push in crypto” during this bear market. He added that Institutions and financial industry players often use bear markets to innovate. “In a bull market there is a lot more pressure to get results, but bear markets offer the luxury of more time.” Höptner also commented that adoption by the…
Australian academics and educators have called for stronger Web 3.0 education in schools, preparing students for a world that will be dominated by Blockchain technology. Huxley Peckham, chief trainer of Blockchain Academy International, told Cointelegraph that there are “very few qualified people in the blockchain industry, but there is a high demand for qualified people,” noting that there are at least 60 different industries using blockchain technology worldwide. Both Peckman and the founder of the Blockchain Academy International, Tim Bowman, They stated that the time has come to rapidly expand blockchain education in schools to prepare for a change in…
The engineer Iván Paz, CEO of Trading Different, shared with Cointelegraph en Español an analysis regarding the price of Bitcoin. Among other things, he referred to the versions that say that the price of BTC has not yet bottomed out. “Surely you have seen many market analysts ensure that Bitcoin has not yet bottomed, projecting new lows in the areas of USD 12,000, USD 10,000 and up to USD 6,000. But, what foundations exist behind those analyses?” asked Iván Paz. Then he asked another important question: Can we really just rely on line plots on a graph? Can we make…
Mike Novogratz is not your typical bitcoiner. He is not a militant libertarian who found his way to Bitcoin through the cypherpunk movement. He is also not a Californian computer scientist with a passion for crypto and privacy. And neither is he one of those individuals who were born a second time to build a new identity around the “bitcoin ideology” on Twitter and YouTube. Mike is different. Mike Novogratz is a Wall Street man. He is a venture capitalist. He is a mutual fund manager. He is smart enough not to polarize too much with the orthodoxy of the…
Will Peck, director of digital assets at exchange-traded fund provider WisdomTree, said that US regulators “will eventually approve a Bitcoin spot investment vehicle, but dealing with claims of market manipulation could be challenging.” Speaking to Cointelegraph at the Converge22 conference held in San Francisco on Sept. 29, Peck said that WisdomTree would not follow Grayscale in taking legal action against the United States Securities and Exchange Commission for denying its Bitcoin (BTC) ETF application. According to Peck, the company planned to “more productively engage” with the SEC without a lawsuit, but addressing some of the regulator’s reasons for rejecting Bitcoin…
On September 29, global music and entertainment company Warner Music Group (WMG) announced a partnership with non-fungible token (NFT) marketplace OpenSea to provide a platform for select music artists to build and expand their fan base. in the Web 3.0 community. According to the release, the collaboration between these two entities will allow select WMG artists to gain early access to the new OpenSea feature, which allows artists to launch their NFT collections and limited edition projects on their own dedicated, personalized pages. These WMG artists will have access to personalized storytelling on personalized landing pages, as well as OpenSea’s…
Ripple Labs scored a victory in its ongoing legal battle with the United States Securities and Exchange Commission (SEC) on September 29, as United States District Court Judge Analisa Torres ordered the surrender of the documents written by the former director of the SEC’s corporate finance division, William Hinman. The documents predominantly refer to a speech Hinman gave at the Yahoo Finance All Markets Summit in June 2018. Hinman claimed in his speech that Ether (ETH) was not a security. Ripple Labs sees the speech as a key piece in the case the SEC has brought against it alleging that…