A Chinese city says it is rolling out offline digital yuan “hard wallets,” with the nation targeting CBDC uptake among “elderly citizens and children.” Per Changsha Evening News, the city of Changsha, Hunan Province, has announced it will debut “elderly and children-friendly” digital yuan hard wallets. The CBDC’s adoption drive could be hampered by the preponderance of non-smartphone-owning individuals, banks have explained. […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country’s Securities and Exchange Commission (SEC). In a recent statement, the regulator declared the operations of Binance “illegal” in the West African nation, stating that the cryptocurrency exchange was neither registered nor regulated by the commission. “Any […]
The United States District Court for Washington, DC, has issued a summons for Binance CEO Changpeng Zhao. Moreover, the summons was issued on June 7th, following the US Securities and Exchange Commission (SEC) complaint that was issued against the exchange two days ago. The summons has granted Zhao 21 days to respond to the summons. Moreover, it […]
At the Apple WWDC 2203 event taking place today, the company launched its brand new AR/VR headset, the Vision Pro. It has the potential to massively impact the metaverse. Moreover, the company has long-held plans to dive into the world of augmented reality. The product’s arrival has been considered the most exciting since the Apple Watch launched […]
Pro-Ripple lawyer, John Deaton, has said there is a less than 3% chance that the SEC will win its legal dispute against Ripple. The SEC vs. Ripple lawsuit has been ongoing since December 2020, over the alleged sale of unregistered securities, XRP. According to the lawyer, there is a 25% probability that Ripple will outright […]
The cryptocurrency protocol “Jimbo’s Protocol” has reported a loss of 4,090 ETH, equivalent to approximately $7.5 million at the current Ethereum price. This significant breach was not the result of typical hacking strategies, but a flaw within the protocol itself — specifically, a lack of slippage control in liquidity-shifting operations. To understand this, we must first define […]
The Beijing Municipal Science and Technology Commission has released a white paper in a bid to foster innovation and development within the Web3 industry. Dubbed the “Web3 Innovation and Development White Paper,” the paper was unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of […]
.SWOOSH, a web3 platform developed by the popular sports brand Nike, has already generated more than $1 million in sales from its first sneaker-themed non-fungible token (NFT) collection. The strong sales number indicates that despite some early technical issues and delays, the demand for well-designed shoes in the metaverse is healthy. “We ran into an […]
Neuralink, the brain implant company founded by Elon Musk, has gotten approval from the U.S. Food and Drug Administration (FDA) to launch its first-in-human clinical study. This is according to an announcement from the company Thursday. Musk has said since 2019 that Neuralink will soon be able to begin human trials. Now, with approval from […]
He may well be one of the most divisive figures in American history and nearly gravitational in societal discourse. Moreover, it was that status that made the arrival of President Donald Trump’s collection of non-fungible tokens so interesting. So, following their arrival and subsequent sell-out, we tell you how to buy a Donald Trump NFT. The […]