Meta & L’Oréal fund support program for Metaverse startups
The world’s largest cosmetics company wants to bring its products to the digital world. L’Oréal says it aims to gain a competitive advantage and is investing in the future of the Metaverse. Together with Meta and the French business school HEC Paris, the group is founding a support program for creative Metaverse start-ups for this purpose.
Nissan Motor Company To Launch Game NFTs
Nissan, one of the world’s biggest car producer is to launch some car NFTs for a new game called Torque Drift 2 with Grease Monkey Games, an Australia-based multi-platform video game studio.
Foreign Exchange Transactions Take Center Stage In New BIS CBDC Report
A six-week pilot project to evaluate whether central bank digital currencies (CBDCs) would be useful for foreign exchange transfers successfully saw 20 different commercial banks conduct over 160 payments worth around a total of $22 million, the Bank for International Settlements (BIS) revealed in a report Wednesday.
Retail Investors To Take Risk Test Before Trading Crypto As Part Of Proposed Rules By Singapore Authority
Retail investors in Singapore may have to go through a risk awareness assessment before being allowed to trade cryptocurrencies. They will also not be able to use credit cards or any form of borrowing to trade cryptocurrencies.
Nigeria’s CBDC Project Fails To Pick Up As Only 0.5% Of Residents Use eNaira
Almost one year after Nigeria became the first country to roll out a central bank digital currency , new data shows the adoption rate among residents is dismally low.
CFTC Chair Reiterates: Bitcoin & Ether Are Commodities
The power tussle between the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over regulatory oversight of the crypto market continues to confuse investors about which rules to follow.
DeFi Lending Platform Built On Polygon $MATIC Hacked For $220,000 In Flash Loan Attack
The Polygon (MATIC) based DEX says $220,000 worth of tokens were stolen following an exploit of DeFi platform Market XYZ. The platform says the incident stems from a flaw in automated market maker (AMM) Curve Oracle, which Market XYZ was using.
Elon Musk To Close Twitter Deal Within Three Days
Elon Musk’s Twitter deal may really be happening this time. According to Bloomberg, Musk said yesterday during a video conference call that his acquisition deal with Twitter would be finalized this Friday, October 28.
UK Lawmakers Vote To Recognize Crypto As Regulated Financial Instruments
The lower house of the UK Parliament voted in favor of adding crypto to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins.
Bitcoin, Ethereum, Tezos, & Aave Daily Crypto Price Analyses
The global crypto market has seen a super-bullish trend as it added 4.63% in 24 hours. Bitcoin shows gains as it added 4.54% over the last day. Ethereum has also stayed bullish, adding 9.84% in the last 24 hours. Tezos is bullish as it added 2.98%, while Aave has shed 2.39% recently.