Franklin Templeton joined the metaverse with a new thematic ETF. The global investment firm has launched The Franklin Metaverse UCITS ETF that tracks the Solactive Global Metaverse Innovation Net Total Return Index. The new ETF will list on the Deutsche Börse Xetra (XETRA) on Sept. 7, and the Borsa Italiana and London Stock Exchange (LSE)…

The Ethereum Merge could flood the crypto industry with out-of-work miners, impacting not only Ethereum but all PoW coins. This is likely to force many crypto miners to give up and abandon their expensive mining rigs amid plunging profits. As Cointelegraph reported, the transition of the Ethereum blockchain from a proof-of-work (PoW) consensus is likely…

Decentralized and traditional finance can thrive in tandem to fund renewable energy and other pressing needs, but only with clear standards and rules – Michael Casey, CoinDesk chief content officer, shared his opinion with International Monetary Fund (IMF). The cryptocurrency industry is in the throes of a crypto winter. Tokens like bitcoin and Ethereum’s ether…

Crypto exchange Binance, the issuer of the world’s 3rd-largest stablecoin, BUSD, said it will convert customers’ holdings in rival stablecoins USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) on September 29 to “enhance liquidity and capital-efficiency for users.” Meantime, Binance has no plans to “auto-convert” Tether (USDT) to…

Poolin, one of the world’s major crypto mining pools, has suspended Bitcoin and Ether withdrawals citing “liquidity problems.” Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles. “As you may have known, Poolin Wallet is currently facing some liquidity…

Renault Korea Motors, the South Korean subsidiary of French automaker Renault SA, announced on Sept. 5 it will be working with metaverse gaming company The Sandbox for Web3 services. The companies will offer customers new ways to experience cars in the metaverse and support marketing collaborations. “This partnership is an excellent example of a collaboration…