Tag: News

Dubai Is Preparing to Take Its Government to the Metaverse – Metaverse Bitcoin News

boss

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of Cybergear. Dubai Reportedly Taking Government Functions to the Metaverse Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly taking some of its government departments into the metaverse, to…

Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response – Bitcoin News

boss

According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs. The Second Largest U.S. Energy Corporation Is Researching Bitcoin Mining The latest “Bitcoin, Energy and the Environment” podcast with Troy Cross, called “Duke Energy is studying bitcoin,” features Justin Orkney, the lead rates and regulatory…

RUNE Rallies to Start the Week, as SAND Extends Recent Gains – Market Updates Bitcoin News

boss

RUNE rose by over 10% to start the week, surging as global crypto markets pushed to enter the green on July 4. After a slow start to the day, the crypto market cap is up 3.15% as of writing, with SAND another notable mover, as it extended recent gains, rising by nearly 13% in the process. Thorchain (RUNE) RUNE was a notable mover on Monday, as prices rose by over 10% on the Independence Day of the United States. The token rose to an intraday peak of $2.08 to start…

Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors – Bitcoin News

boss

On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial difficulties” stemming from “key business partners.” Vauld Suspends Withdrawals Over ‘Financial Difficulties’ During the last 30 days, a number of cryptocurrency lending platforms have revealed that their finances are not very sound. For instance, the crypto lender Celsius paused “all withdrawals, swaps, and transfers between accounts,” on June 12, 2022. Furthermore, on July…

Fintech-Ideas brings blockchain functionality to its range of platforms – Blockchain News, Opinion, TV and Jobs

Enterprise software developer Fintech-Ideas, specializing in sourcing, financing and developing in-house products aimed at fintech and marketing industries, has integrated a suite of blockchain tools to its SaaS offerings. The provision will enable businesses to utilize powerful web3 features such as tokenization, NFTs, and distributed storage. The integration of blockchain functionality into the company’s fintech and marketing platforms will deliver web3 services on demand. Customers will be able to gain exposure to crypto-based technologies, including blockchain, with minimal setup costs and lead time. Flagship Fintech-Ideas products such as Pushnoti, LiberSave,…

BTC, ETH Hover at Key Support Levels to Start Week – Market Updates Bitcoin News

boss

Bitcoin continues to hover below $20,000 to start the week, as U.S. markets were mainly closed due to the Independence Day celebrations. This past weekend’s volatility carried forward into Monday’s session, with ETH remaining close to a breakout below $1,000. Bitcoin Bitcoin started the week in the red, as the world’s largest crypto token continues to hover below $20,000. Following a volatile weekend of trading activity, BTC/USD dropped to an intraday low of $18,971.81 on Monday. As a result of this move, bitcoin continued to trade close to its support…

Colombia to Use Ripple Ledger to Issue Land Registry Certificates – Blockchain Bitcoin News

boss

The government of Colombia announced a new system that will allow it to use the Ripple Ledger to store and authenticate property titles. The system, which was developed by a third-party company called Peersyst Technology, aims to allow the National Land Agency to issue a record number of land adjudications for citizens. Colombia to Register Land Titles on the Ripple Ledger While the main uses of blockchain technology are currently linked to assets with transactional value, like cryptocurrencies, there are companies and governments leveraging it for other uses.…

Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept – Metaverse Bitcoin News

boss

Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept and how it will affect people’s lives. Metaverse Still Not Defined, According to Google’s Former CEO Eric Schmidt While there has been a considerable number of companies and firms that are already putting funds…

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad – Mining Bitcoin News

boss

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally. Central Bank of Russia to Accept Legalization of Cryptocurrency Mining The monetary authority in Moscow is now ready to back the legalization of crypto mining under the condition that Russian miners are obliged to sell the coins they obtain…

Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow – Regulation Bitcoin News

boss

India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI Governor Shaktikanta Das wrote: Cryptocurrencies are a clear danger. Anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name. The RBI chief further opined: “While technology has…