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DeeLance is a groundbreaking web3 start-up that is making waves in the crypto industry. It is building an innovative metaverse that utilizes crypto and NFTs to unite freelancers and employers, promising to change the $761 billion-dollar recruitment sector and the way remote working is done. The blockchain-powered digital space is designed to empower both freelancers
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South Korea’s interest in the metaverse continues to grow rapidly, as highlighted in a new report on its market growth. The report provides valuable insights into the industry’s size, trends, and dynamics in the country, with investments from both government entities and private corporations. The government has demonstrated its commitment to emerging technologies, including metaverse,
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The play-to-earn (P2E) gaming industry has seen significant growth in recent years, with enthusiasts embracing the concept of earning cryptocurrencies or non-fungible tokens (NFTs) as rewards for completing in-game challenges. However, the P2E platform has been losing its structure due to the fall of in-game traction, which has impacted the value of native tokens such
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Alex Mashinsky, founder of Celsius Network, has filed a motion to dismiss the civil lawsuit against him by New York State Attorney General Letitia James. The complaint accuses Mashinsky of defrauding investors by concealing the deteriorating financial state of the lending platform, leading to the company’s bankruptcy. James’ lawsuit seeks to prevent Mashinsky from operating
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CoinMarketCap has partnered with Web3 entertainment company Hello Labs to create a new reality show called “Killer Whales.” The show is inspired by the popular series “Shark Tank” and aims to promote the entrepreneurial spirit of the Web3 domain to a wider audience. The Competition “Killer Whales” provides a platform for entrepreneurs to pitch their
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Texas regulators have set their sights on an individual who is allegedly promoting two cryptocurrencies that aim to capitalize on Elon Musk’s artificial intelligence (AI) pursuits. The cryptocurrencies are named Elon Musk AI Token and TruthGPT Coin, which is named after Musk’s proposed ChatGPT competitor. The Texas State Securities Board (TSSB) has filed a cease-and-desist
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The cryptocurrency industry in the US is convinced that the country’s financial watchdogs are deliberately preventing it from flourishing, due to repeated regulatory failures. According to a report by the Intelligencer, both written and unwritten policies and rules are making it difficult or even impossible for crypto-related companies to operate in the US. The CEO
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A Democratic presidential candidate has spoken out against the anti-crypto sentiment growing within his party. Environmental lawyer, Robert Kennedy Jr., has blamed regulatory agencies for the failure of several banks in March. Kennedy has opposed the bailout approach used by financial agencies and criticized the Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission
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Iranian companies have been given permission to pay for imports using cryptocurrencies, the country’s Trade Promotion Organization (TPO) has confirmed. The head of the government body, Alireza Peymanpak, stated that the Central Bank of Iran (CBI) had authorized the use of digital coins for imported goods, with the final decision to be made by the
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Binance, a leading cryptocurrency exchange, believes that the key principles of a regulatory framework for crypto-assets should be geared towards consumer protection, market integrity, and financial stability. This was in response to the UK’s HM Treasury’s recent consultation on the regulation of crypto-assets. Binance emphasized the need for a balanced approach to regulation, ensuring that
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As the impact of climate change continues to grow, people and companies are looking for ways to offset their carbon emissions. Ecoterra is a new cryptocurrency that offers a sustainable solution to support eco-friendly initiatives. With its token, ECOTERRA, this blockchain ecosystem encourages users to recycle and rewards them with digital carbon credits. According to
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CoinShares, a European cryptocurrency investment firm, released its latest report on May 2, stating that the digital asset market has been experiencing bearish sentiment for the second consecutive week. This has resulted in outflows totaling $72 million, with crypto market funds experiencing outflows across all geographies and providers. The report mentioned that the bearish sentiment
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Symmetry has launched its user interface on the Solana blockchain, which represents a groundbreaking step towards decentralized finance (DeFi). The platform aims to transform the way users manage their portfolios through crypto indices and actively managed funds, providing a comprehensive solution for creating, managing, buying, and selling funds. Symmetry’s Infrastructure Layer Symmetry’s infrastructure layer is
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The U.S. Federal Reserve has raised its benchmark interest rate again, citing modest economic expansion in the first quarter of the year. While unemployment has remained low, inflation continues to be a concern for the central bank. In its press release, the Federal Open Market Committee (FOMC) emphasized the soundness and resilience of the U.S.
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Recently, the Bitcoin community has been buzzing with excitement around the introduction of the BRC20 token standard. This new standard, introduced by a pseudonymous developer named Domo in March, leverages the Ordinals protocol, allowing creators to easily mint fungible crypto assets onchain. To create a BRC20 coin, individuals simply need to encode a JSON data
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