Monday, November 18, 2024
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US FSC chairman eyes regulatory clarity for crypto, stablecoin ecosystems

Representative Patrick McHenry, the chairman of the House Financial Services Committee (FSC), announced the markup of legislation aimed at providing regulatory clarity for the digital asset ecosystem.The committee will meet on July 26 to markup H.R. 4763, the Financial Innovation and Technology for the 21st Century Act; H.R. 4766, the

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Mysten Labs Partners with Multiple Gaming Ecosystems to Launch Games on Sui from May 15th

Web3 facilitator Mysten Labs will roll out immersive games on its Sui protocol next week in collaboration with select partners. Mysten Labs has revealed 11 gaming partners for its Sui blockchain network, which goes live a week from now on May 15th. In addition to generating $300 million for the Sui Mainnet launched last week,

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IMF reiterates call for crypto regulation after the ecosystem’s ‘rough year’

The International Monetary Fund, or IMF, has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulation of digital assets.In its Global Financial Stability Report released on April 11, the IMF renewed calls for “comprehensive and consistent regulation and adequate supervision”

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Worldwide Webb founder explains the role interoperability will play in Web3 ecosystems

In the latest episode of NFT Steez, Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, discusses the integration of interoperability in Web3 and the Metaverse. By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services.

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Orbs Launches TON Verifier to Authenticate Ecosystem’s Smart Contracts Code

The Orbs has gained traction as a public and decentralized blockchain infrastructure operated via permissionless validators and the Proof-of-Stake (PoS) consensus mechanism.Orbs, a layer-3 blockchain solution, has launched its TON verifier, an open-source application to help developers publish certified source code. Consequently, Orbs will significantly increase the trust score on

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SEC chair’s crypto oversight strategy in question as ecosystems collapse

While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager, and Terra (LUNA).Congressman Tom Emmer showed concerns about the

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NFTs bridge music communities across genres and blockchain ecosystems

Nonfungible tokens (NFTs) are stepping into the next wave of Web3 with utility capabilities and community building at the forefront. A new collection from the Mint NFT marketplace and metaverse entertainment platform Animal Concerts does this across the musical genre spectrum, as well as blockchain networks. The collection, “A Hard Working

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