Cross Chain Platform Multichain adds BTC Based Protocol to Bridge Ecosystem
Multichain’s first Bitcoin-based sidechain, the RSK sidechain, has been incorporated into Multichain.
Former Google Exec is not to Fond of the Whole Metaverse a Concept
Eric Schmidt, the former CEO of Google, stated that there is still confusion over the concept of metaverse and its meaning for people. Schmidt said that even though a company like Google has moved to the metaverse market, it is not clear what the concept means and how it will impact people’s lives.
Kuwait Based Islamic Warba Bank Buys Land in Decentraland and Sandbox
Warba Bank, a Kuwaiti-based Islamic bank, was recently made the latest metaverse corporation. Two sites are now occupied by the bank: one in Decentraland, and one on Sandbox.
Blockfi Co Founder States $240 Million Price Tag for FTX to Aquire Blockfi
Blockfi co-founder Zac Prinse said that the company had signed definitive agreements with FTX, and the deal is still subject to shareholder approval. Prince noted that the deal amounts to $680 million. However, $240 million could be used to purchase Blockfi at a fixed price.
Trading Platform Voyager Digital Stops Trading and Withdrawals After 3AC Bankruptcy Announcement
The embattled cryptocurrency trading platform has stopped all customer activity citing “current market conditions”.
12 Week Old Coinbase NFT Platform Launches New Features to Gain More Popularity
Coinbase is continuing to expand its NFT marketplace, which has been in operation for eight weeks. It promotes an engagement-first approach.
The Wests Tried to Crash The Russian Economy but Failed Says Vladimir Putin
The Russian ruble surpassed the dollar for the seventh time last week. While analysts downplayed its rise, one economist stated that people shouldn’t ignore the currency rate. Additionally, Joe Biden blames Vladimir Putin for high gas prices.
Second Worst Performing Quarter For Bitcoin in a Decade
Bitcoin investors have suffered a terrible three-months. The leading cryptocurrency has lost over 56% of its value in Q2 2022.
Money Laundering Rules Set Out by EU For Cryptocurrencies
The European institutions reached an interim agreement on a set EU regulations that will impose financial penalties on crypto companies. These regulations will include the obligation to prevent money laundering and other illegal activities that could involve digital assets. As the Union strives to regulate the entire continent’s cryptocurrency market, this is a significant step forward.
Tax Payers in Argentina Could Have Digital Wallets Seized
The Argentinian Tax Agency (AFIP) has increased the number of digital wallets that are being seized by the government. The institution was able to seize more that 1,200 digital wallets from taxpayers who had outstanding debts but didn’t have a bank or other property available for collection by the courts. Although the organization has not yet ordered crypto-related seizures to be taken, it may in the future.
