Meta partners with digital fashion startup DressX to launch virtual clothes

Meta partners with digital fashion startup DressX to launch virtual clothes

Meta has partnered with digital fashion company DressX to launch items on Meta’s Avatar Store.  DressX joins Balenciaga, Prada, and Thom Browne, who launched collections on the marketplace last month. Meta is partnering with digital fashion startup DressX to provide new avatar fashion looks on Meta’s Avatar Store. DressX outfits will be available starting July…

Britain and US Will Cooperate on Crypto Regulation, Says Head of Financial Conduct Authority

Britain and US Will Cooperate on Crypto Regulation, Says Head of Financial Conduct Authority

The Financial Conduct Authority (FCA) says the United States and the United Kingdom are collaborating on crypto asset regulations. FCA chief executive Nikhil Rathi says the two countries decided to strengthen ties on the regulation of crypto assets following bilateral talks weeks ago. “Separately, the UK and US also held talks as part of the US-UK Financial…

Singapore Plans To Strengthen Its Regulations On Cryptos

Singapore Plans To Strengthen Its Regulations On Cryptos

Singapore has voiced its intentions to broaden the scope of cryptocurrency regulations in the country. The Monetary Authority of Singapore (MAS) plans to consult and revise its proposed regulations in September or October, according to Managing Director Ravi Menon. Mr. Menon said the revised rules may include further tightening retail-investor access to cryptocurrencies. The Singaporean…

UFC fighter will receive full salary in Bitcoin, shrugs off crypto market volatility

UFC fighter will receive full salary in Bitcoin, shrugs off crypto market volatility

Brazilian UFC fighter Luana Pinheiro becomes the first female sportswoman in Latin America to receive her entire salary in BTC. Ultimate Fighting Championship (UFC) fighter Luana Pinheiro announced that she has partnered with Bitwage to receive her salary in Bitcoin (BTC). Pinheiro said she continues to receive fiat payments from her sponsors but converts them…

Nigerian Central Bank: Crypto has changed functioning of the global financial sector

Nigerian Central Bank: Crypto has changed functioning of the global financial sector

The Central Bank of Nigeria (CBN) has acknowledged that the emergence of cryptocurrencies has introduced innovations into the financial sector, an aspect that has forced most institutions to change their mode of operations. CBN governor Godwin Emefiele noted that despite the existing risks associated with cryptocurrencies and fintech, they come with benefits such as financial inclusion driving growth…

Dubai’s metaverse strategy plans to add $4 billion to economy by 2027

Dubai’s metaverse strategy plans to add $4 billion to economy by 2027

Dubai’s crown prince laid out the region’s ambitious “Metaverse Strategy,” as it looks to create 40,000 virtual jobs and add $4 billion to its economy over the next five years. Dubai’s crown prince, Hamdan bin Mohammed bin Rashid Al Maktoum, announced on Monday that the emirate would look to use the metaverse to create 40,000…

How Blockchain is Revolutionizing Business-Communication Networks

How Blockchain is Revolutionizing Business-Communication Networks

The traditional model of communication networks is based on a centralized infrastructure where a single entity controls the entire network. This approach has several disadvantages, including vulnerabilities to attacks and information censorship. From a business standpoint, most enterprises rely on external entities for their communication infrastructure because of high construction and maintenance costs. However, this…

Sub-$22K Bitcoin looks juicy when compared to gold’s market capitalization

Sub-$22K Bitcoin looks juicy when compared to gold’s market capitalization

BTC’s market cap is way smaller than gold’s, but the percentage of Bitcoin held by institutional investors suggests that the current pricing reflects an excellent discount. Bitcoin’s (BTC) price is down 56% year-to-date, but the correction was not strong enough to remove the digital asset from the list of top-20 global tradable assets. Bitcoin’s current…

SOUTHLAND CREDIT UNION TO ENABLE BITCOIN PURCHASES IN PARTNERSHIP WITH NYDIG

SOUTHLAND CREDIT UNION TO ENABLE BITCOIN PURCHASES IN PARTNERSHIP WITH NYDIG

The credit union will use NYDIG’s custody platform and infrastructure to enable its customers to buy, sell and hold bitcoin, but users cannot transfer bitcoin. Southland Credit Union will offer services to its customers allowing them to buy, sell and hold bitcoin on a custodial platform. Southland’s custodial partner is bitcoin bank NYDIG, making them…