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Earlier today, Binance shared the news that it had received a Virtual Asset License permitting operations within Dubai.  Virtual Asset Regulatory Authority to Monitor Affairs The exchange platform can now offer limited exchange goods and services to eligible investors and establishments in the UAE. However, this will be done in accordance with the Virtual Asset Regulatory Authority’s (VARA) initial regulatory stage. The permit grants Binance the opportunity to function within Dubai’s digital asset market model which runs under the “test-adapt-scale”…

The Miami NFT will feature a major celebrity appearance, from a rapper and now metaverse creator French Montana. Karim Kharbouch, known as French Montana, will kick off the NFT event with a Happy Hour. The rapper, whose song Unforgettable reached 1.365 billion views on Youtube, will chat with fans and NFT enthusiasts alike. However, this appearance is only the culmination of his involvement in the NFT space. In fact, he is joining the event as the official celebrity guest of…

Dr. Disrespect – one of the world’s most popular video game streamers – has unveiled a commemorative NFT collection produced by his gaming studio “Midnight Society”. The collection – available to 10,000 of his most dedicated community members – will be privy to various benefits surrounding his game’s development. However, like many on the gaming scene, a substantial portion of his following didn’t take kindly to the reveal. The “Day Zero” Access Pass The streamer presented and explained the new…

HSBC has become the most recent bank to enter the metaverse. As a result, it joins an array of financial institutions interested in virtual properties. Not long ago, Siam Commercial Bank and JP Morgan also announced the launch of their virtual headquarters. HSBC Joins Institutions Invested in the Metaverse HSBC Holdings Plc, headquartered in London, is Europe's second-largest bank, with an estimated equity of US$206.777 billion as of December 2021.  The British bank's intentions about a digital future have been…

Artists across the African continent are increasingly creating ripples in the NFT space. Young creators especially have been keen on pushing the NFT trend in recent months.  South African Artists Join the Future Moving along with the NFT trend, South-African artists have begun to offer tokenized versions of their work for purchase. Since the NFT boom that began in late 2020, NFTs have grown into a staple in the art community.  They allow artists to stay on top of emerging…

Members of the European Union parliament recently voted down a drafted bill that, if enforced, would affect miners of several digital assets. Bitcoin and Ethereum could be the biggest coins susceptible to the law. Legislation Poses Existential Threat to Virtual Assets Dubbed MiCA, the proposal in question featured a ban on protocols that make use of the proof-of-work consensus mechanism. The MiCA came to media attention last month, following EU's interest in a green finance industry. Directed against environmentally harmful…

With inflation skyrocketing, many people are debating what to do to protect their assets. In particular, investors and regular people alike are debating whether or not cryptos like Bitcoin are a good hedge against inflation. This includes tech billionaires like Elon Musk and Michael Saylor. Inflation in the US has reached the highest level since 1982. In February, consumer prices rocketed up 7.9% on a yearly basis. The trend is a result of the Fed’s unprecedented pandemic stimulus, which could soon…

The leading cryptocurrency was first mooted to be a possible “safe haven” in 2013, following Bitcoin’s rise to $1000. With its new record, came media attention. As Bitcoin began to gain traction, crypto proponents touted the digital currency as the perfect substitute for gold. In comparison to gold, Bitcoin surpassed the value of the former, matched its popularity, and provided a new asset class for investors. Bitcoin’s merits were not just words laid out in Satoshi Nakamoto’s whitepaper. The world…

The future of Bitcoin mining in the European Union may hinge on today's pivotal vote in the EU Parliament. The EU Parliament's Committee on Economic and Monetary Affairs (ECON) is voting on the proposed Markets in Crypto Assets (MiCA) regulation draft. The proposed regulation is taking aim at crypto mining, due to concerns over its impact on the environment. In particular, the latest MiCA draft aims to limit the use of cryptos powered by the Proof of Work (PoW) mechanism. If…