South Korea Unveils Long-Term Road Map to Become World’s 5th-Biggest Metaverse Market

Indonesia accounts for about half of the world's supply of palm oil — the world's most widely used vegetable oil.

China was previously the world’s greatest Bitcoin mining country, with more than 75% of the global BTC hash rate power in 2019. Following a series of crypto mining farm shutdowns throughout the country, the hash rate dropped to 0% in July and August 2021. Bitcoin mining, an activity that...

The RBI’s concerns mostly revolve around money laundering and crypto-sponsored terrorism. The Reserve Bank of India, popularly known as the RBI, has raised a red flag on the effects of cryptocurrencies in the country. This is according to RBI’s top officials including the governor, Shaktikanta Das, who briefed the Parliamentary Standing Committee. According to the RBI, cryptocurrencies can lead to the dollarisation of the economy. Furthermore, most of the crypto assets are denominated in USD.

The collapse of Terra’s UST and LUNA coins has ignited a new fire and drive that is pushing a number of regulators beyond those from South Korea to rethink regulating the digital currency ecosystem. The unprecedented crash of the Terra blockchain network has stirred financial market authorities in South...

Silk Road founder Ross Ulbricht is forfeiting billions of dollars worth of Bitcoin (BTC) and other crypto assets to the US government. According to a new court filing, Ulbricht will relinquish any claim to over 69,000 BTC and undisclosed amounts of Bitcoin Gold (BTG), Bitcoin SV (BSV) and Bitcoin Cash (BCH) worth a combined $3 billion as part of a settlement.

A top US official in the Pacific has warned that America would have to “respond” if the Solomon Islands allows China to establish a military base there.Following a “constructive and candid” 90-minute meeting with prime minister Manasseh Sogavare, ambassador Daniel Kritenbrink said that the security deals between China and the Solomon Islands present “potential regional security implications” for the US and other allies.“We wanted to outline for our friends in the Solomons what our concerns are,” Mr Kritenbrink, US assistant secretary for East Asian and Pacific Affairs, told reporters.“We have respect for the Solomon Islands’ sovereignty. But we also...

The former F-35 test pilot Billie Flynn told The Aviationist that moving to the "cosmic spaceship" that is the F-35 was too much to ask of MiG pilots.

A member of a superyacht crew also told The Times of London that one owner had his bar stools made from whale foreskin.

"They might as well just burn us all inside our homes," a user commented online, referring to how the structures are fire hazards.

This is an important segment of the population with purchasing power that is practically ignored by advertising campaigns.

In addition to Bitcoin futures trading, B3 will also launch Ethereum futures. Brazilian stock exchange B3 has confirmed its plans to allow Bitcoin futures trading within six months. The exchange CFO Andre Milanez announced the plans while making a conference call on Monday. According to the report, Milanez stated the timeline for the project was three to six months. However, it remains unclear whether B3 will be building its infrastructure for the project or partnering with another company.

Pal predicted that the next four weeks would be “highly unsettling.” He said positions will get taken out and shot, and there may be no safe place for investors. The founder and CEO of Global Macro Investor Raoul Pal has stated his “macro views” on the ongoing crypto bear market. Pal compared the crypto market fall to the bear market that occurred in June 2021. He also related the panic within the market to the flash crash of March 2020. Notably, the global markets, including tech stocks and crypto, are bleeding. While the tech market has been recording billions of losses, crypto investors complain as the market trembles.

Terra chief Do Kwon has proposed the idea of forking the Terra blockchain and distributing the new LUNA tokens among wallet holders, LUNA holders, developers, UST holders, etc. Last week, the monumental fall of the Terra ecosystem took the crypto world by storm. Terra’s UST stablecoin has lost its peg...

The GFOF UCITS ETF will track the performance of the companies that are at the intersection of technology, finance, and digital assets. On Monday, May 16, the world’s largest digital asset manager Grayscale Investments announced the launch of its first European ETF. The Grayscale Future of Finance UCITS ETF (ticker: GFOF) will list on three major indices – Deutsche Börse Xetra, London Stock Exchange (LSE), and Borsa Italiana.

The company is looking to build infrastructure for enterprises, developers and merchants to transact on the Lightning network. The former head of the crypto and digital finance operations at Meta, David Marcus, has unveiled a new crypto startup. Tagged Lightspark, the company aims to expand the utility of the Bitcoin network. Asides from Marcus, other members of the team include James Everingham, Christian Catalini, and Christina Smedley.

After heavy correction, crypto investors get a breather as the broader crypto market shows recovery. Is this a trend reversal or just a dead cat bounce?. After a severe market crash earlier this week, there’s some sort of relief rally in the overall crypto space. The world’s largest cryptocurrency has rebounded by over 10% and trading back above $30,000. Furthermore, investors in the crypto space are grappling with the biggest-ever crash in the crypto space, Terra LUNA. The recent turn of events in the Terra ecosystem has shaken investors’ trust.

In addition to the Bitcoin adoption, Emirates is also working on a plan for NFTs and Metaverse. The recent correction in the crypto market hasn’t deterred some of the biggest industry players from accepting Bitcoin. Emirates Airline, one of the leading airlines in the United Arab Emirates (UAE), said that it plans to add Bitcoin as a payments service.

The firm plans to establish an overseas entity that will be in charge of Issuing, managing, and investing the company’s own tokens, a move that suggests it now wants to adopt a robust game economy. Japanese game developer, Square Enix Holdings Co Ltd (TYO: 9684) has detailed the plans...

Just as US stocks shrink, Asia companies are also recording significant losses as Bitcoin, and other major cryptocurrencies face declines. Stocks of companies related to crypto in Asia tanked amid the general stock plunges that have also affected cryptocurrencies. The losses began due to the Federal Reserve’s interest rate hike announcement. The Fed placed a 0.5% jump on interest rates in order to fight inflation. Even tech stocks are having their share of the ongoing downturn. Coinspeaker reported earlier this week that tech stocks lost more than $1 trillion within three trading sessions after the increase in interest rates. While Apple Inc (NASDAQ: AAPL) shed $220 billion during the period, Microsoft’s valuation reduced by $189 billion. The same goes with Meta Platforms (NASDAQ: FB), which recorded a loss of $199 billion, and Alphabet Inc (NASDAQ: GOOG) lost grip of $123 billion. Other top tech companies are also in their lows.

Besides Coinbase Global Inc, a host of other stocks in the US that are connected to the crypto economy, are largely suffering the same faith as it relates to stock devaluation. The spate of selloffs in technology stocks in the United States and around the world has pushed investors like...