Author: Dren.H

Amid yen volatility, Bitcoin trading in Japan is soaring, influenced by divergent monetary policies and rising national inflation. The volatility of the Japanese yen has led to a significant upturn in Bitcoin trading on Japanese exchanges. The Federal Reserve’s aggressive interest rate hikes starting from March 2022 have resulted in the yen witnessing one of the most substantial exchange rate turbulences in history. This uncertainty has been a driving factor for traders on Japan-focused digital asset exchanges, who have found solace in Bitcoin, the foremost cryptocurrency by market value. In the first half of the year, Bitcoin’s trade volume on…

Financial regulators of Kuwait ban major crypto activities, citing unregulated status and volatility risks as key concerns. Kuwait is adopting an aggressive stance on virtual assets and crypto. The country’s primary financial authority, the Capital Markets Authority (CMA), has issued an announcement that solidifies its intent to outlaw major activities related to cryptocurrencies. In a joint move, key supervisory bodies in Kuwait, including the Central Bank of Kuwait, the Ministry of Commerce and Industry, and the Insurance Regulatory Unit have cooperated in releasing the circulars. The authorities lay particular emphasis on a complete ban on essential cryptocurrency applications such as…

Neopets abandons its NFT game despite sizable funding, opting for a non-crypto mobile game that better suits community preferences. In an unexpected twist, Neopets, the cherished virtual pet game from the late 90s, has decided to withdraw from the world of Non-Fungible Tokens (NFTs). This decision comes despite the company’s success in securing a whopping $4 million in funding from major crypto firms. In the wake of this change, Neopets is now setting its sights on developing a game that aligns better with their core values and the aspirations of their community. From NFTs to Mobile Gaming Neopets Metaverse, the…

Ethereum is developing upgrades like EIP-4337 to make crypto wallets as user-friendly and accessible as email accounts. Ethereum, one of the leading cryptocurrencies, has big plans for its users, aiming to make crypto wallets as user-friendly as email. Revealed at the recent Ethereum Community Conference (ETHCC) in Paris, Ethereum co-founder Vitalik Buterin shared the vision of simplifying the crypto world with account abstraction. Account abstraction isn’t a new concept. It’s been under consideration since before Ethereum was born in 2015. The game-changing idea is to shift from regular wallets, known as Externally Owned Wallets (EOAs), to wallets powered by smart…

The crypto market’s fluctuating performance and key trends in H1 2023 indicate potential for future growth and development. According to the recent CMC H1 crypto report, the cryptocurrency market has taken a roller coaster ride in 2023. The total market capitalization swelled by 48% YTD, reaching a high of $1.17 trillion at the end of Q2. Despite these gains, the second quarter was almost identical to the first in terms of market cap, rendering it a “lost quarter” in crypto terms. The first quarter of the year witnessed impactful events that shaped the crypto market. The price of Bitcoin, for…

NFL star Patrick Mahomes is set to launch a new NFT collection under his Museum of Mahomes brand in September. NFL star Patrick Mahomes, known for his sensational gameplay and victories with the Kansas City Chiefs, has gained recognition in the digital world as well. Adding to his growing list of achievements, Mahomes is set to re-enter the non-fungible tokens (NFTs) market. In September, fans can expect the Museum of Mahomes, his NFT brand, to release 15,000 new digital collectibles. Patrick Mahomes, with his existing two Super Bowl championships and Most Valuable Player (MVP) titles from his six-season NFL journey,…

Elon Musk and Tesla are seeking sanctions against lawyer Evan Spencer for allegedly making false insider trading accusations involving Dogecoin. Elon Musk, CEO of Tesla, and his electric vehicle empire, are pushing back hard against a New York plaintiffs lawyer, Evan Spencer. The core of this dispute is the allegations of insider trading involving Musk and the well-known cryptocurrency Dogecoin. The billionaire business magnate and his company argue that Spencer knowingly built his case on false pretenses. This has led Musk and Tesla to pursue Rule 11 sanctions against Spencer, who is acting as the legal representative for a group…

The UK’s Financial Conduct Authority proposes strict regulations on crypto memes, promotions, and influencers, with non-compliance carrying severe penalties. Cryptocurrency businesses and influencers may soon need to tread more carefully when using memes for promotional activities. The United Kingdom’s watchdog, the Financial Conduct Authority (FCA), is considering a fresh proposal that could change the meme game for the crypto industry. On July 17, the FCA unveiled proposed guidelines that take aim at social media financial promotions. Specifically, these guidelines focus on two main areas: memes that promote crypto investments, and social media personalities who influence finance decisions, popularly known as…

The recent legal victory of Ripple against SEC charges has invigorated crypto firms to challenge SEC’s regulatory authority. On Thursday, Ripple Labs Inc. achieved a significant victory, marking a new chapter in the ongoing battle between cryptocurrency companies and the U.S. Securities and Exchange Commission (SEC). Furthermore, the court ruling that Ripple did not breach securities laws with its XRP token sales is the SEC’s first significant defeat in a decade of enforcing the crypto space. This legal triumph has spurred hope among other cryptocurrency firms like Coinbase and many others facing SEC charges. They are keen to resist the…

Bank of America utilizes AI and metaverse technology to provide immersive, realistic training for over 200,000 employees. Artificial intelligence (AI) and metaverse technologies are transforming traditional business processes, and Bank of America stands at the forefront of this digital revolution. The financial institution has recently deployed AI and metaverse capabilities to enhance its employee orientation and training programs. Through the introduction of virtual reality (VR) simulations, the bank has been able to provide an interactive learning platform for over 200,000 members of its workforce, as reported by Bloomberg. Virtual Training Experiences for Real World Situations The ultimate goal of these…