Tag: Digital

Leading Indian Entertainment Giants T-Series and Hungama Digital Entertainment to foray into the NFT & Metaverse Space in association with Hefty Entertainment

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The global digital entertainment industry has shown phenomenal growth over the past few years raising the bar of entertainment creation and consumption like never before. Asia’s largest publisher and music label, T-Series has announced a partnership with one of the largest digital entertainment company in South Asia, Hungama Digital Media to enter into the world of Web3, NFTs and Metaverse. It intends to capture the likes of the growing landscape of the digital economy and virtual world. The collaboration between the industry leaders will cause a paradigm shift in Asia’s…

Inside the Company Building Japan's Multistakeholder Digital Yen

The Tokyo metro has a unique – and sometimes frustrating – feature. Unlike most subway systems in the world, it is operated by several different companies and a branch of the municipal government, which often means you need different tickets for different lines. Japan’s digital yen might look a lot like that. Tokyo-based DeCurret, with 50-odd employees, is leading the design of the digital yen and coordinates the Digital Currency Forum (DCF), a consortium of 74 of Japan’s biggest banks and firms that look to roll out the digital currency.…

Thai regulators team up to issue guidelines on digital assets payments

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The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) have come together to review and issue guidelines on the use of digital; assets as a payment tool. In a joint press release on Tuesday, Thailand’s top regulatory bodies said that it has become necessary to review and regulate digital assets as a means of payment for goods and services. After careful consideration and assessing all the pros and cons, the joint committee said that the use of digital assets as a widespread…

Myanmar Military Government Proposes to Jail Digital Currency and VPN Users – Regulation Bitcoin News

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Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks (VPN) and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine. According…

Grayscale Adds 25 Digital Assets to Its ‘Under Consideration’ List, Including DeFi, Metaverse Projects

CryptoX – Cryptocurrency Analysis and News Portal Grayscale Investments, which manages the Grayscale DeFi Fund and Grayscale Digital Large Cap Fund, has added 25 digital assets, including tokens for a number of high-profile DeFi and metaverse protocols, to a list it keeps of potential investments, the company said in a Monday blog posting. Source The post Grayscale Adds 25 Digital Assets to Its ‘Under Consideration’ List, Including DeFi, Metaverse Projects appeared first on CryptoX. CryptoX Portal

ICICB Group to Launch its Metaverse, Entering the Revolutionary Path of Digital Transformation

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ICICB Group, a renowned technological investment management company, has announced its plan to launch its Metaverse at the Blockchain Innovation Summit in Dubai. The development team is getting ready to launch into the world of virtual reality. Metaverse initiatives will be a game-changer in the crypto industry, and the Group envisions its future implementation of the digital world through the Metaverse. The Group and its wealthy partners are working to create these metaverse projects, with cryptocurrency tokens becoming the native money in that universe. The current projects are focused on…

Blockchain-enabled digital fashion creates new business models for brands

Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology as a whole continues to be a game-changer for the fashion industry.  While blockchain-based supply chains served as some of the earliest use cases of how the technology could help detect fraudulent items, digital wearables being built on blockchain networks are now coming to play. Megan Kaspar, co-founder and managing director of Magnetic — a privately held crypto and blockchain investment…

Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Bank of Korea completes first phase of digital currency pilot

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The Bank of Korea has successfully completed the first phase of its central bank digital currency mock testing started in August 2021.  The South Korean central bank said that the first phase of its CBDC mock testing was completed in December while the second phase is currently underway, reported YNA news. The first phase of the mock test involved some of the basic functions of the sovereign digital currency such as distribution and issuance. The second phase of the central bank digital currency (CBDC) pilot would test real-world functionalities such…