The Sandbox co-founder Sebastien Borget wants to defend the Metaverse from the Big Tech giants aiming to make a foray into the nascent market. In a recent interview, Borget said that he is not very keen on big tech companies such as Meta joining the Metaverse. He explained further that major technology companies could threaten the decentralization of the Metaverse…
The Bank of England has warned that the cryptocurrency industry—and its risks—may be a danger to the established financial system in time, per the BBC. “The point, I think, at which one worries is when it becomes integrated into the financial system when a big price correction could really affect other markets and affect established financial market players,” Sir Jon…
Tesla CEO Elon Musk believes that Bitcoin (BTC) is not that good for everyday payments as the meme-based cryptocurrency, Dogecoin (DOGE). Musk compared the world’s largest cryptocurrency, Bitcoin, to DOGE in a Time Magazine interview shortly after being named Time’s 2021 Person of the Year. “Bitcoin is not a good substitute for transactional currency. Even though it was created as…
On Monday, the blockchain game developer and investor Animoca Brands announced a partnership with the Bored Ape Yacht Club (BAYC) in order to develop a BAYC play-to-earn game leveraging the collection’s popular NFTs. Bored Ape Yacht Club has seen 23,016 sales to date and has a market valuation of around $2.05 billion. BAYC and Animoca Brands Team up to Launch…
Sportswear manufacturer Nike announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike becomes the biggest U.S.-based athletic products manufacturer through this partnership to join the metaverse bandwagon. A Cointelegraph report from Nov. 02 highlighted Nike’s submission of requests for patenting the words — namesake, swoosh logo and just do it — for use online and in online virtual…
Bitcoin (BTC) could see its last day of downside as buyers line up to cash in on Wednesday’s Federal Reserve meeting. On Dec. 14, bids began increasing on major exchange Bitfinex in a conspicuous sign that the market believes BTC/USD is destined to gain. Time to “sell the rumor, buy the news”? The Fed will deliver key information on the…
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance on cryptocurrencies, a minister in the Nigerian government has called for the…
press release PRESS RELEASE. The partnership aims to support, promote, and inspire female leads in the blockchain space, offering annual endowed studentships to the University of Nicosia’s leading MSc in Blockchain and Digital Currency. NICOSIA, CYPRUS— December 2021. The Institute For the Future (IFF) – University of Nicosia (UNIC) and the Internet of Services Foundation (IOST) are delighted to announce…
Switzerland’s largest online bank, Swissquote, is reportedly launching its own cryptocurrency trading platform. The company sees high demand for cryptocurrency trading. “Our compliance and customer service teams were almost overrun by the crypto rush.” Switzerland’s Largest Online Bank to Launch Its Own Cryptocurrency Trading Platform The largest online bank in Switzerland, Swissquote, is reportedly preparing to launch its own cryptocurrency…
Ready to take its next step into the metaverse, Nike announced today it has acquired RTFKT Studios, a digital art studio focusing on sneaker-themed non-fungible tokens (NFTs) and collectibles using the Ethereum blockchain. “We’re acquiring a very talented team of creators with an authentic and connected brand,” Nike President and CEO John Donahoe said in a press release. “Our plan…
