The concept of a metaverse, a virtual shared space where users can interact in various ways, has been gaining traction globally. However, the Chinese government has taken proactive steps towards establishing standards for a Chinese metaverse platform. This article explores the recent developments in China’s metaverse industry and the country’s efforts to shape the future
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The recent approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has created anticipation in the crypto space for the potential entry of more ETFs, particularly Spot Ethereum ETFs. However, analysts at JP Morgan have provided a less than optimistic outlook for the approval of Ethereum Spot ETFs. In a
The collaboration between Darewise Entertainment, a subsidiary of Animoca Brands, and Honda is set to revolutionize the world of Web3 automotive gameplay. Through their partnership in the upcoming AAA science fiction game, ‘Life Beyond,’ the two companies aim to integrate Honda’s innovation and craftsmanship into the gaming experience, elevating it to new heights. In this
The approval of the Bitcoin ETF on January 11th created a buzz in the crypto community. However, the initial market response was not as enthusiastic as expected, with a decline of 8% in BTC trading shortly after the news. While short-term price movements may be disappointing, it is important to recognize the significance of the
Cryptocurrency analyst and enthusiast Chris J Terry has recently shared his insights on the price action of Bitcoin, foretelling a continuous decline in the value of the popular crypto asset. In a post on the social media platform X (formerly Twitter), Terry expressed his belief that the downtrend will persist until Grayscale Bitcoin Trust (GBTC)
Popular Crypto YouTuber Ben Armstrong recently shared his bullish prediction for the Cardano (ADA) price. According to Armstrong, he foresees ADA reaching a remarkable price of $11. However, it is important to note that Armstrong did not provide any analysis or evidence to support his optimistic outlook. Instead, he referenced a previous ADA analysis by
Senator Elizabeth Warren recently sparked significant backlash from the crypto community after making disparaging remarks about the industry. Her claims were based on a report from the U.S. Government Accountability Office (GAO), which raised concerns about the misuse of cryptocurrencies by rogue nations to evade sanctions and pose threats to national security. However, critics argue
Bitcoin exchange-traded funds (ETFs) have been making waves in the financial world since their recent approval. Within just six days of trading, these ETFs have accumulated an impressive number of bitcoins (BTC). As volumes increase and assets under management (AUM) soar to $3.96 billion, it is clear that investors are flocking to these new investment
The world of finance is on the brink of a potential paradigm shift, as digital assets gain increasing traction and challenge the longstanding dominance of the U.S. dollar. Andrew Peel, the Head of Digital Assets at Morgan Stanley, has recently issued a cautionary statement about this shift, highlighting the rising interest in Bitcoin, the surge
Over the past year, the digital asset economy has experienced a decline due to various factors such as increasing interest rates, regulatory actions, financial insolvencies, and instances of fraud. Even the world’s second-largest stablecoin, USDC, was not immune to these forces. Its total circulating supply has plummeted from approximately $45 billion to around $25 billion