BITCOIN

The U.S. Department of the Treasury has answered some questions on regulatory compliance relating to Tornado Cash, a recently sanctioned crypto mixer. The answers include how to withdraw crypto or complete transactions initiated using Tornado Cash prior to its sanction and how to deal with “dusting” transactions. Treasury Department Publishes Tornado Cash FAQs The U.S. Department of the Treasury answered some frequently asked questions Tuesday about the sanctioned cryptocurrency mixing service Tornado Cash. On Aug. 8, the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Ethereum-based mixer and prohibited U.S. persons from “engaging in any transaction with Tornado Cash or its blocked property or interests in property.” One of the questions concerns how to complete transactions involving Tornado Cash that were initiated prior to the sanction. In order to complete the transactions or withdraw cryptocurrency without violating U.S. sanctions regulations, the Treasur

The European Union (EU) will present an initiative to address the metaverse and all the activities and interactions happening in it sometime in 2023. The proposal, which was qualified as ”key” in the State of the Union letter of intent authored by Ursula von der Leyen, President of the European Commission, will present several initiatives to clarify Europe’s rules and expectations for the metaverse. European Union to Introduce Metaverse Regulation Project Many countries of the world are in the process of integrating and adapting their regulatory frameworks and infrastructure to support the activities that are already happening in the metaverse. The European Union bloc is in this process, and has recently announced a union-wide initiative to allow Europe to “thrive in the metaverse.” The initiative, which was qualified as “key” by European Commission President Ursula von der Leyen, is part of what the latest State of the Union letter of intent calls “a Europe fit for the digital ag

Ethereum moved to a three-week low on Friday, as market sentiment remained bearish following the completion of The Merge. The world’s second largest cryptocurrency dropped below $1,500 today, less than 24 hours after the historic migration from proof-of-work (PoW), to a proof-of-stake (PoS) system. Bitcoin also neared a multi-week low. Bitcoin Bitcoin ( BTC ) fell further below $20,000 on Friday, ahead of next week’s expected interest rate hike by the U.S. Federal Reserve. BTC /USD dropped to an intraday low of $19,625.22 in today’s session, taking prices closer to a support of $19,300. Crypto markets have been turbulent for the majority of the week, following disappointing U.S. inflation data. The decline comes less than a day after the world’s most valuable token traded at a peak of $20,370.00. Looking at the chart, this recent drop for bitcoin comes as the token hit a floor within its 14-day relative strength index (RSI). The index is now tracking at 43.48, with a move towar

Laliga, the Spanish soccer first division organization, has established a strategic partnership with Stadioplus and Vegas City Limited, two metaverse-related companies, to digitize part of its activities to offer new experiences in Decentraland, an Ethereum-based metaverse. With this move, Laliga aims to bring new fans from all over the world to new experiences in virtual worlds. Spanish Laliga Preparing Metaverse Entrance After the Covid-19 pandemic, many sports organizations and leagues around the world have started to pay more attention to their digital strategies as a way of opening new revenue streams. Laliga, the Spanish first division soccer organization, and one of the most renowned leagues in Europe, has recently announced its entrance into the metaverse. The company established a strategic partnership that will allow it to feature activities and experiences in Decentraland, one of the first Ethereum-based metaverse platforms. For this task, the company will leverage the

PRESS RELEASE. B.Duck, a global character IP, is entering Web3 with its first metaverse partnership with GigaSpace, working alongside MADworld to establish a Web3 blueprint for brands and IPs in the metaverse. Created by the Hong Kong-listed company Semk Holdings International Limited (2250 HK), B.Duck joins the initiative “Project Spaceport” by acquiring land NFTs in the GigaSpace and will build experiences to bring joy, positivity, and fun to its 10+ million fans around the world. Brought into the digital world by the NFT platform MADworld, B.Duck has already launched a 3D NFT collection. NFT owners can soon travel through GigaSpace and spread positivity to every corner of the virtual space. Project Spaceport & Web3 Project Spaceport will be a cultural space district. Brands can create their own virtual space when the metaverse launches. B.Duck has permanently cemented its web3 presence on the “Map of the Galaxy” at GigaSpace. MADworld, an NFT platform backed by Animoca br