Search Results for: declared

Former Nintendo President States Gaming Companies Are Marching to the Metaverse

by

Former Nintendo of America President, Reggie Fils-Aimé, believes that the gaming industry is steadily going to integrate metaverse elements into its games. Fils-Aimé thinks that established gaming companies, like Nintendo, are better suited to be leading the race for the metaverse…

International Monetary Fund to Assist El Salvador in Compiling Bitcoin Adoption Statistics

by

The International Monetary Fund has mentioned it is providing technical assistance to the government of El Salvador in various ways. According to Gerry Rice, a spokesperson for the organization, the group is having talks with people of the Salvadoran government about…

Crypto Custody Firm Fireblocks Launches Web3 Services Suite

by

Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several…

FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network

by

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill…

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

by

The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited…

Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot

by

Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on…

Spanish Cryptocurrency Exchange Bit2me Expands Operations to Brazil

by

The Spanish cryptocurrency exchange Bit2me is taking interest in getting into the Latam market. The company has launched its operations in Brazil by introducing an office in the country that will deal with compliance issues to make the exchange a safe…

Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto

by

Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the future of many VCs investing in crypto. To him, many of…

Argentinian Government Advances the Creation of a National CBDC

by

The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance…

Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets

by

Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure….