As the idea of the metaverse — bringing together different gaming worlds and economies under one cohesive secured virtual umbrella — crystalizes in the collective consciousness of gamers, one of the best-known figures in the industry has come out against it. Source link … [Read more...] about The Father of PlayStation Doesn’t Like Metaverse or VR Headsets
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SoFi Can Launch Bank Provided It Doesn’t Touch Crypto
Student loan and financial service provider Social Finance Inc. (SoFi) has received conditional approval from the Office of the Comptroller of the Currency (OCC) to create a full service national bank, provided the new entity does "not engage in any crypto-asset activities or services," the OCC announced on Tuesday. Source link … [Read more...] about SoFi Can Launch Bank Provided It Doesn’t Touch Crypto
SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator
“I can’t believe we’re still talking about this as if, you know, we’re waiting for one to happen,” Peirce said. “We’ve issued a series of denials even recently, and those continue to use reasoning that I think was outdated at the time.” Source link … [Read more...] about SEC Commissioner Hester Peirce Says Washington Doesn’t Need a New Crypto Regulator
Representative Alexandria Ocasio-Cortez of New York explains why she doesn’t invest in Bitcoin
Congresswoman Alexandria Ocasio-Cortez, who sits on the House Financial Services Committee, recently revealed she doesn’t hold any Bitcoin, arguing conflict of interest.According to Ocasio-Cortez, known by the moniker AOC, investing in cryptocurrencies, especially Bitcoin, would prevent her from doing her job “as ethically and impartially” as possible.No Bitcoin“I do not … [Read more...] about Representative Alexandria Ocasio-Cortez of New York explains why she doesn’t invest in Bitcoin
SEC Chair says he doesn’t support Bitcoin’s “off-the-grid” approach to finance
SEC Chair Gary Gensler finally reveals his stance on Bitcoin by saying he doesn’t support its “off-the-grid” approach to finance.“In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that there’s some competition that you and I don’t support but that’s trying to undermine that worldwide consensus.”Given … [Read more...] about SEC Chair says he doesn’t support Bitcoin’s “off-the-grid” approach to finance