Chinese city launches gov’t-backed metaverse platform

    The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse. On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development across the country. The…

    Ethereum users are increasingly demanding self-custody: Casa CTO

    Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method. The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found…

    From barrier to breakthrough: Solving UX can catalyze mass adoption of crypto

    From complexity to simplicity, or how UX can help drive crypto mass adoption through intuitive interfaces. Let’s be honest — it is hard to envision the mass adoption of crypto. As exciting as it is to imagine a world where crypto banking is as common as discussing the weather, or where classrooms are abuzz with conversations about the latest…

    Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day

    The seller even got help from Bitcoin founder Satoshi Nakamoto, though it’s still up in the air whether the artist actually made the “sale.” Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been for a JPEG, not pizza. In a…

    Fiat-backed stablecoins could be used to post bail in New York under proposed bill

    A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail. A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan bill, introduced on May 10 by New York…

    S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics

    The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling. Rating provider S&P Global has examined whether or not there is a relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details…