Tag Archives: AA News

The metaverse trend appears to be showing no signs of slowing down as South Korea becomes the first country to express desires to build its own project in the field. According to a recent report, the country plans to invest a whopping $187 million in a national metaverse project. The pledge of roughly $187 million comes from South Korea’s Ministry of ICT, Science, and Future Planning, and it’s in a bid to create a Metaverse ecosystem that’s intended to support the expansion...

Christine Lagarde – President of the European Central Bank – urged the EU to strengthen cryptocurrency regulations. In her view, the move could prevent Russia from evading monetary sanctions after starting the military conflict in Ukraine. Russia Could Use Crypto to Bypass Embargoes The European Central Bank has called upon establishing a comprehensive regulatory framework on the digital asset industry numerous times. Russia’s invasion of Ukraine and the following financial...

The renowned auction house – Sotheby’s – was about to host a much-anticipated auction of 104 CryptoPunk non-fungible tokens (NFTs) earlier this week. However, the auction house canceled the event minutes before launch. ‘Decided to HODL’ Several months ago, a pseudonymous collector with the initials 0x650d purchased the lot titled “Punk It!” for $7 million worth of crypto. A few weeks back, Sotheby’s announced it will auction the NFTs from the collection, with price...

Mykhailo Fedorov – Vice Prime Minister of Ukraine – has called on crypto exchanges to freeze all Russian users’ blockchain addresses to help Ukraine defend itself from Russia’s invasion. In a tweet on Sunday, Fedorov emphasized the importance of both cutting off crypto access to Russian and Belarusian politicians, as well as “sabotaging ordinary users”. The request follows a slew of sanctions against Russia from western allies, including freezing the assets of Russia’s four...

The White House, alongside the European Commission, Canada, the United Kingdom, Germany, and Italy, announced in the late hours of Saturday evening that they would be expelling certain Russian banks from the SWIFT payment system. In a joint statement, the parties wrote that: “This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.” While also pledging the […] “restrictive measures that will prevent...

Jack Dorsey’s fintech startup Block (formerly known as Square) disclosed its gross profit for Q4 2021 stood at $1.18 billion, which is an increase of 47% year over year. In addition, the company’s sellers have adopted more of Square’s ecosystem over time, the firm added. Exceeding Results The American financial services and digital payments company – Block, Inc. – announced its revenue for the past year totaled $4.42 billion. In comparison, analysts estimated this number to...

Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks of increasing tension between the two former Soviet states, Russian President Vladimir Putin launched a...

Indian IT multinational Infosys on Thursday announced the launch of Metaverse Foundry. The new business division at the company, a global leader in digital services and IT consultancy, promises to ease and fast-track an enterprise’s ability to use emerging technologies and offer metaverse products and services. “Infosys metaverse foundry helps enterprises navigate the metaverse by partnering with them through the Discover-Create-Scale cycle,” a press release shared by the...

The COVID-19 pandemic disrupted almost every single aspect of life. Since the physical contact between humans had to be reduced to a minimum, love dates and romantic activities became increasingly popular on dating applications. And while some people found their soulmates online, others turned into victims of cryptocurrency scammers who drained a significant chunk of their savings. One such example is the 33-year-old Tho Vu, who fell in love with a mysterious lover named Ze...

Nayib Bukele’s administration announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The President revealed that each treatment will cost $0.25 worth of BTC. Not Just Daydreaming Apart from becoming the first county to embrace bitcoin as legal tender, El Salvador has also purchased the primary cryptocurrency on a macro-economic level. In October 2021, the government disclosed they will use its $4 million profit (at that time) from...