South African Financial Services Giant Nedbank Secures a ‘Village’ in the Metaverse

The South African financial services giant, Nedbank, is reported to have acquired a village in the metaverse. The village will be used to showcase African creativity and to create experiences thatgo beyond banking.By securing a virtual property in Ubuntuland,......

Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed

Just over a year after overseeing El Salvadors adoption of bitcoin, the Central American countrys 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele......

Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules

A Chinese intermediate court based in Beijing recently upheld a lower courts ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the......

Reporte: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves

One of South Africas largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin projects cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the countrys oldest financial services companies will......

Reporte: South Korean Prosecutors Issue Arrest Warrant for Terraform Labs CEO Do Kwon

A warrant for the arrest of Do Kwon and five others has reportedly been issued by prosecutors in South Korea. The prosecutors allege that Kwon and his co-accused violated the countrys capital markets law. In addition to the arrest warrant, prosecutors......

Singapore Tops List of 8 Countries ‘Most Interested in the Ethereum Merge’

With a total search score of 377, Singapore is the top-ranked nation among countries most interested in the Ethereum blockchains upcoming The Merge, a new Coingecko study has found. The same study also found that among the top eight ranked countries,......

Thai Regulator Accuses Digital Asset Service Provider of Failing to Comply With Information Request – Matter Referred to Law Enforcement

Thailands securities regulator recently said it had referred digital asset service provider Zipmex and its Thai unit chief executive officer, Akalarp Yimwilai, to a technology crime division of the Royal Thai Police. The regulator said it made decision after Yimwilai and......

Reporte: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset

A judge in the collapsed online bitcoin trading platform Mirror Trading Internationals liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoinas......

La aprobación del rescate financiero del FMI ayuda al kwacha zambiano a tomar la posición del rublo ruso como la moneda con mejor rendimiento del mundo

After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African countrys currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the Russian rubles position as the worlds best-performing currency in 2022.......