The recently announced collaboration between Google and Magic Leap has sparked excitement in the extended reality (XR) space. Despite both companies facing challenges in the augmented reality (AR) market in the past, this partnership aims to combine their strengths in optics and technology infrastructure. Google’s initial venture with Google Glass received mixed reviews from consumers
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Mastercard recently introduced its Mastercard Crypto Credential, a groundbreaking development that has paved the way for the first-ever peer-to-peer (p2p) pilot transactions aimed at streamlining and securing blockchain transfers. This new feature allows users on popular exchanges like Bit2Me, Lirium, and Mercado Bitcoin to send and receive cryptocurrency using user-friendly aliases instead of complex blockchain
The blockchain analysis firm Nansen recently unveiled a rather intriguing discovery – DBS Bank, one of Singapore’s leading banking institutions, has been identified as a cryptocurrency whale. A crypto wallet supposedly owned by DBS Bank holds a staggering 173,753 Ether (ETH), with a current market value of approximately $650 million. Notably, the address in question
In the bustling world of NFTs, Magic Eden Marketplace has emerged as a vibrant hub for enthusiasts in 2024. Initially focused on the Solana-based NFT sector, this decentralized marketplace has expanded to support Ethereum NFTs and the latest Bitcoin ordinals. With an impressive user count and reputation for low transaction costs, Magic Eden is the
The presale for Solana’s all-American hillbilly Sealana ($SEAL) token has garnered significant attention by attracting over $3 million in funding within a month. This success has marked the emergence of a new wave of Solana meme coins, capturing the interest of investors globally. Predecessors like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat
The fusion of social media and decentralized finance has given birth to a groundbreaking concept known as SocialFi. This innovative approach redefines user engagement by offering digital currency rewards for every interaction on social media platforms. SocialFi empowers users and creators by providing them with more control over their content and the opportunity to profit
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured
Coinbase has recently accused the SEC of attempting to dodge the Howey test in a motion for an interlocutory appeal filed in the US District Court for the Southern District of New York. The exchange claims that the SEC is sidestepping the question of whether a digital asset transaction lacking post-sale obligations can be deemed
The recent court decision by the First District Court of Appeals in Florida has overturned an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US. The ESO was initially put in place earlier this year, banning Binance.US from serving residents in Florida due to an alleged “immediate danger” to the public.
Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s