The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse. In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry.  In its report,...Continue Reading

In the precariousness of Web3 open-source code, iterative development and move fast ethos, things break. And through breaking, things are also made. A new project allows anyone to create a copy of someone elses NFT, aptly named Mimics. But how does Mimics work, and what does it mean for the NFT art market to have...Continue Reading

Miners are still accumulating BTC so far, but depressed prices continuing may upend the status quo this summer, new analysis says. Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks take BTC price south...Continue Reading

Institutions that reportedly purchased 10,939 BTC from Coinbase in December 2020 are not selling yet. Bitcoin’s (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling. Notably, the number of Bitcoin under Coinbase Custody for institutional...Continue Reading

Out of 2,000 applications submitted for the Axie Infinity Builders Program, only 12 projects were selected. On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were...Continue Reading

The major areas of focus surround increasing validator decentralization, developing capabilities for governance via the BNB token, and deploying a number of Binance Chain Evolution Proposals. BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains, and potential for developer-built decentralized...Continue Reading

To land a job in the Metaverse and Web3, possess the right skills, interact and network with people, build your brand, create content, and increase your exposure in the crypto market. Can you work in the Metaverse? The Metaverse is the next big career path on which to land an ideal job with firms like...Continue Reading

The document, which could define a national framework for digital assets, is almost ready. The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could bring the country of 14 billion people closer to the...Continue Reading

Enrico Paringit, an official at the Department of Science and Technology, said that the goal of the training is to build non-crypto apps. The Philippine government has started its exploration of blockchain technology use cases, launching a training program for researchers in the government’s Department of Science and Technology (DOST).  Enrico Paringit, a DOST official,...Continue Reading

The project will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits. The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as “trust anchors,” with a pilot...Continue Reading