Ultra, a crypto gaming startup that recently rolled out its own PC game marketplace, is launching an esports tournament platform built on its own blockchain network. Going live on August 8, Ultra Arena will let individuals, brands, and organizations create a tournament or league, with Ultra’s UOS tokens, NFTs, or even physical products as the prize. Ultra’s goal is to build…
E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs. According to an initial report from Reuters which cited an official statement from Alibaba Cloud through its WeChat account, the cloud computing arm of the Chinese conglomerate has deployed a Llama 2-based solution to…
Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it. Judge Jeyaretnam handed…
Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong. Citing anonymous sources, mainstream media outlet Bloomberg reported that the firm relayed to its shareholders…
The United States Senate came together on July, 25 to back bipartisan legislation which mandates U.S. companies to report any investments in Chinese technologies. In an overwhelming vote of 91 to 6, the Senate supported the amendment to the National Defense Authorization Act (NDAA), which is anticipated to be implemented as a law later in the year. The amendment will…
Apparel brand Lacoste is opening up a new virtual store for the summer. Created by retail technology developer Emperia, the digital rendition combines a more traditional immersive retail experience with elements exclusive to holders of Lacoste’s UNDW3 NFT passes. UNDW3 (pronounced “underwater”) is the name of the French brand’s NFT-based loyalty program. The virtual store experience is accessed via Lacoste’s…
Like many, Martin Grasser, the visionary designer behind Twitter’s iconic blue bird, discovered the logo’s replacement through a tweet from Elon Musk. However, the attention he garnered after posting a thread about its creation more than a decade ago went beyond all expectations. Twitter exploded with reactions when Jack Dorsey, Twitter’s former CEO, amplified Grasser’s revelation by retweeting his post…
The National Crime Agency (NCA) of the United Kingdom is hiring two blockchain investigators for its newly formed Digital Assets Team within the Complex Financial Crime Team (CFCT) to tackle crypto crimes. The job involves overseeing complex investigations involving cryptocurrency and digital assets from a Proceeds of Crime Act (POCA) perspective. POCA relates to the confiscation and redirection of crime…
Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty. Alderoty believes if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even further. Speaking on a July…
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance. Source: https://cointelegraph.com/app/public/index.php/news/namibia-crypto-exchange-vasp-regulation-signed-into-law
