European ‘MiCA’ regulation on digital assets: Where do we stand?

The proposed European Union Regulation on Markets in Crypto Assets, or MiCA, (hereinafter the “regulation”) was put to a vote in the European Union Parliament’s Committee on Economic and Monetary Affairs on March 14, 2022, and in the end, the proposed amendment to ban or restrict proof-of-work-based crypto assets, which would have effectively resulted in a ban on Bitcoin (BTC), was rejected. The question of how crypto assets will be assessed from an environmental regulation perspective remains, however, with the Member of the European Parliament in charge of the text…

Real health benefits will come when medicine and the Metaverse collide

The world is becoming more connected as cryptocurrency, blockchain, nonfungible token projects, the Metaverse and other online communities gain popularity. However, we’re also seeing rates of depression and feelings of isolation and loneliness skyrocket. This development is certainly not causal, but it is something to consider as younger generations become more involved in virtual spaces. The global COVID-19 pandemic has exacerbated a national mental health crisis. Mental Health America reported that 47.1 million people in the U.S. are living with a mental health condition. That’s one in five Americans, folks. …

What is web3? – The New York Times

I’m hearing this term — “web3” — all over the place. What is it? Web3 is the name some technologists have given to the idea of a new kind of internet service that is built using decentralized blockchains — the shared ledger systems used by cryptocurrencies like Bitcoin and Ethereum. The term has been around for years, but it has come into vogue in the past year or so. Packy McCormick, an investor who helped popularize web3, has defined it as “the internet owned by the builders and users, orchestrated…

Unlocking inclusion for women of color in web3 – TechCrunch

Audrey Handem Contributor Audrey is a VC at Speedinvest, a pan-European early-stage fund. Adetola Olatunji Contributor Adetola Olatunji is a Columbia Business School MBA candidate, investor (formerly of New Profit and Kapor Capital), startup advisor and VC Fellow at BBG Ventures in NYC. Michelle Dhansinghani Contributor Michelle Dhansinghani is a Columbia Business School MBA candidate, founder of VC Unleashed, a global community of BIPOC MBA investors, and head of community for This Week in Fintech. Sharlene Guiriba Contributor Sharlene Guiriba is an MBA and MPP candidate at the University of…

NFT collections brought to life at SXSW: Doodles and FLUF World

Cointelegraph journalists at South by Southwest, or SXSW, in Austin, Texas reported that NFTs were everywhere this year, marking a new phenomenon for what began as a music festival in 1987. Since evolving into a film, tech and general culture gathering, and after a two-year hiatus, SXSW added blockchain programming to the mix with crypto-related panels, blockchain company sponsors and NFT community interactive experiences.  Two NFT communities with the largest physical presences at SXSW were Doodles and FLUF World who ran immersive, multi-day and multi-sensory experiences. They built physical installations at which attendees…

What Is ApeCoin and Who Is Behind It?

A mobile game called Benji Bananas, developed by Animoca Brands (whose CEO, Yat Siu, is on the board of the Ape Foundation), is adopting ApeCoin as a kind of in-game currency. For 25 ApeCoins, you can buy a Benji Bananas Membership Pass, which lets you earn “special tokens” in-game. Those tokens can then be swapped for ApeCoins. Author: Will Gottsegen Source link

Three layer-1 protocols see inflows amid choppy, volatile market conditions

Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom.  As the sideways market of 2022 drags on and serious projects use the time away from the frenzy of bull markets to work on development, several L1 protocols have been outperforming the field and making gains despite weakness in the wider crypto market. Here’s a look at three L1 protocols that are…

Binance tells regulators it will cease operations in Ontario… for real this time

Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated March 16 that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario accounts and provide fee waivers and fee reimbursements to certain Ontario users under the administration of a third party, the company said.  The undertaking appears to mark the end of a disagreement that started in June, when Binance announced that it would no longer service Ontario accounts and customers were advised to close out active positions…