Dubai Has Approved Calvin Cheng’s Proposal For A VASP License

Through his Web3 firm (FZE), Calvin Cheng will invest in projects that enable the integration of fashion, media, and entertainment into crypto. Dubai virtual asset regulatory authority (VARA) approved a provisional VASP license for Cheng’s FZE. VARA is the first regulator for digital assets globally. VARA is key to Dubai’s move towards accomplishing an economy … Read more

Meta Files Five New Trademark Applications

Various media outlets report that Meta has applied for five trademarks under the brand name “Meta pay.” According to the filing, Meta pay is an online social investment network that allows users to seamlessly complete their crypto and blockchain-related transactions. Platforms can also validate their authenticity and identity (where necessary) using the platform’s tools. Popular … Read more

The Venezuelan Government Wants To Solidify The Bolivar As The Main Currency For Transactions

The Bolivar is gradually being strengthened following the government’s imposition of a 3% tax on crypto transactions. Having faced various economic crises five years ago, the Venezuelan president authorized the de-facto dollarization to escape the nation’s economic woes. However, the country is seeking to make a u-turn to de-dollarize its economy and make the nation’s … Read more

US Labor Department Is ‘Gravely Concerned’ About Fidelity’s Crypto Retirement Plan

America’s Labor department has stated that it is hugely worried that Fidelity Investments is offering a retirement portfolio that includes crypto, especially BTC. A few days ago, Fidelity announced that its customers could have BTC in their retirement portfolio.  The Concerns Of The Labor Department A top-level executive of the employee benefits security administration (EBSA) … Read more

A Top Singapore Commercial Bank Is About To Launch Eco-Friendly Tokens

One of Singapore’s top commercial banks, OCBC, has announced a new partnership with metaverse green exchange (MVGX) to launch tokens related to eco-friendly tech firms. Part of the agreement terms states that firms can offset their carbon footprint by purchasing a portion of the carbon credit tokens issued under this collaboration between these two firms. … Read more

Jailed Silk Road Founder Fulfills Major Part of Sentence, Pays $3B in BTC

Embattled Silk Road founder, Ross Ulbricht, might be a free man soon as he recently completed a large part of his release terms. A new discovery from a court file revealed that the founder of the dark web platform reached an agreement last year with prosecutors who asked him to pay $184M as part of … Read more

Blockchain Games Record 200% Increase In Activity, $2.6B Investments – Report

Various economic factors and security issues from early this year have negatively impacted the blockchain games market like the rest of the crypto market.  Blockchain Games’ Performance In The Last 12 Months However, new data reveal that the performance of blockchain games in the last 12 months has been hugely impressive. A DAppRadar data revealed … Read more

Circle to Open a US Cryptocurrency Bank Charter

One of the largest stablecoin issuers, Circle, has said it’s one step closer to unveiling its United States crypto bank charter. The company is currently working to finalize the launch with regulators – a process that began in August last year. However, reports surprisingly reveal that the issuer of the stablecoin USD Coin is yet … Read more

Cash App Has Better Long-Term Potential Than Paypal’s Venmo – Cathie Wood

According to Ark Invest chief executive, Cathie Wood, Cash App’s long-term potential is better than PayPal’s Venmo’s. She further claimed that Venmo would remain second behind Venmo as it is only building on the foundation set by Cash App. Wood made her claims while being interviewed by the CBDC during the just concluded bitcoin 2022 … Read more

Australia’s Common-Wealth Bank (CBA) Delays Launch Of Retail Crypto Service

Australia ranks among the most-friendly crypto regions following its support of blockchain technology and the development of the Web3 space. Last November, popular Aussie Senator, Jane Hume, remarked that the DeFi space represents excellent investment opportunities for Aussies and is here for the long-term. Hume further noted that “one important lesson we can learn from … Read more