Hoping Club announces that it will cooperate with Metaverse

San Francisco, CA, June 27, 2022 (GLOBE NEWSWIRE) – Recently, Hoping Club announced that it will cooperate with REVA to create a new NFT trading platform. Combined with the underlying technology of web3, this platform integrates short video mode into NFT trading platform for the first time. The trading mode on the platform makes it … Read more

Crypto Style: Fashion Moves Into the Metaverse

For fashion fans, and everyone else, 2022 will be remembered as the year the metaverse went mainstream. Ever since Mark Zuckerberg announced last October the corporate name change from Facebook to Meta, the writing was on the wall. A virtual wall, of course. Soon thereafter, came all the signs of a cultural tipping point — … Read more

Bipartisan Senate Bill on Crypto / Digital Assets Introduced

On June 7, 2022, US Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced a bipartisan bill to regulate the cryptocurrency / digital assets market. A copy of the Lummis-Gillibrand Responsible Financial Innovation Act Bill (“Lummis-Gillibrand” or “Bill” can be found here. While the Lummis-Gillibrand Bill will no doubt undergo substantial amendments before – and … Read more

Innovation & Regulation: FCA’s Data Strategy

The FCA has published a speech made by its chief data, information and intelligence officer, Jessica Rusu, at Money20 / 20 focusing on the role of innovation in regulation, technology and the ‘Digital Revolution’ and the FCA’s strategies to meet its statutory objectives ( to protect UK consumers, ensure markets are operating effectively, and promote … Read more

PBRS in the emerging world of blockchain, metaverse and NFTs

NFTs, blockchain and metaverse are the flavors of the moment. But what are they? Do they have an impact on the real world? And above all, are they bound to have an impact on any sort of IP rights, including PBRs? Good questions, indeed. Quite complicated to answer such good questions with good answers. Before … Read more

BIS Innovation Hub sets out new projects

The Eurosystem Center is expected to open in the coming months, with locations in Frankfurt and Paris and working together with all 19 euro area central banks and the European Central Bank. The Innovation Hub will also expand its portfolio in the areas of green finance and supervisory and regulatory technology (regtech and suptech). The … Read more

Bill Gates Says NFTs and Crypto Are ‘100%’ Based on Greater Fool Theory

Microsoft Corp. MSFT 4.16% co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory. The 66-year-old billionaire was referring to the notion that overvalued assets will keep going up because there are enough people willing to pay high prices for them. He joked that “expensive digital images of … Read more

David Birch on the digital identity ‘keystone’

During Money 20/20 Europe, Finextra sat down with David Birch, global ambassador for Consult Hyperion and non-executive director at DIGISEQ, to discuss some of the evolving trends in digital identity, and the significance of DIGISEQ’s funding news really means for the company . Please provide some background on DIGISEQ and its latest news around funding … Read more

CFPB Announces Opening of New Office of Competition and Innovation

On May 24, CFPB announced the opening of the Office of Competition and Innovation, as part of its new approach to increase competition amongst consumer financial service companies by identifying barriers to entry for new market participants and making it easier for consumers to switch financial providers. The new office will replace the Office of … Read more

Insight – Tapping into the potential of digital banking

MALAYSIA may be considered an aging society that is generally less digitally connected than youth but about 38% of Malaysians are expected to have a digital bank account by 2026. Opportunities in the financially underserved segment – the micro, small and medium enterprises (MSMEs), self-employed individuals within the gig economy and retirees – are drawing … Read more