In October 2021, the Senate Committee for Australia as a Technology and Financial Centre released its much-awaited recommendations for how cryptocurrency should be regulated. The 168-page final report boils down to 12 recommendations aimed at striking the right balance between creating legitimacy without stifling innovation. This is a landmark report that demonstrates … [Read more...] about Australia’s plan to create a crypto competitive edge in 12 steps
Plan
Singapore Tycoons’ Sons Plan Private NFT Club That Will Become an ARC to the Metaverse: Report
A son of a Singapore financier and a son of the family that started Mewah International Inc., an edible oils company, have founded ARC, a private, NFT-based social networking app that will be open to anyone who owns their non-fungible token, Bloomberg News reported on Thursday. They plan to eventually create an “ARC metaverse,” a huge virtual community that includes a gaming … [Read more...] about Singapore Tycoons’ Sons Plan Private NFT Club That Will Become an ARC to the Metaverse: Report
Shanghai includes metaverse in its development plan
Shanghai, China’s most crowded city, is looking for ways to use a metaverse in public services over the next five years.Shanghai Municipal Commission of Economy and Information Technology’s five-year development plan for the electronic information industry listed four frontiers for exploration, and one of them is the metaverse.According to a CNBC report, the paper called for … [Read more...] about Shanghai includes metaverse in its development plan
After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance
“There are fundamental decisions here: Should there be restitution, step one. Step two, should it be immediate or over time? If immediate, what percentage? And if it’s over time, via what mechanic? Governance tokens, maybe a vault-type product that pays back over time versus interest generated … there’s a lot of options,” said Spadafora. Source link … [Read more...] about After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance
Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan
Dogecoin rose 33% after Tesla CEO Elon Musk said the electric carmaker would accept dogecoins as payment for its merchandise.“Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted.Dogecoin prices rose to as high as $0.20 following Musk’s tweet. They fell to $0.18 after the initial spike.Tesla will make some merch buyable with Doge & see how it … [Read more...] about Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan