Announcements

Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans to establish its metaverse headquarters in The Sandbox virtual world. Thus, VARA would become the world’s first regulator to enter the metaverse, showcasing the government’s attempts to turn Dubai into a hub for the digital economy. VARA said in a statement that its move into the metaverse…

The US Securities and Exchange Commission (SEC) has approved Valkyrie’s futures exchange-traded fund (ETF) application. This is the second futures ETF approved by the SEC this year after Teucrium. However, spot ETFs seem unlikely to happen soon without more regulation, recent developments suggest. According to the SEC document published on May 5, the application was…

Tron, an Ethereum competitor blockchain, announced the launch of USDD, an algorithmic stablecoin inspired by the success of Terra’s UST, which has topped $18 billion in total issuance. USDD has launched on TRON, BNB Chain, and Ethereum blockchains. The team behind the stablecoin has promised “zero-risk” returns of about 30% APY, and users currently need…

Argentina’s central bank (BCRA) has banned financial institutions from offering unregulated digital assets services. The move comes roughly a month after the International Monetary Fund (IMF) approved a $45 billion loan facility that required the country to discourage the use of cryptocurrencies. On May 5, BCRA announced that financial institutions cannot enable their clients to…

US-based crypto exchange Kraken has opened the waitlist for its upcoming NFT marketplace. The exchange posted this bullish announcement on May 3, claiming that its marketplace would be the complete solution for exploring, curating, and securing NFT collections. Unlike available on other marketplaces, Kraken NFT promises to offer gasless trading. The Kraken NFT marketplace will…

Algorand (ALGO) has teamed up with FIFA to become the football organization’s official blockchain partner. The blockchain will be a “regional supporter” for North America and Europe at this year’s World Cup in Qatar and an official sponsor of next year’s Women’s World Cup. Apart from becoming FIFA’s official blockchain platform, Algorand will also offer…