Daily Web3 Headlines You Need To Know

29 September #NFT #Developers #Metaverse #DeFi & Trading #Policy&Law

UAE Ministry of Economy opens up new headquarters in the Metaverse (Source: coinedition)

NFTs Regroup After a Bear Market Summer
Are NFTs experiencing a slow death, and if so, would anybody mourn them? Not everyone is a fan of non-fungible tokens, and the mere mention of the subject can elicit a dismissive or even hostile reaction online. However, in the anonymous, social media arena, it’s difficult to judge whether diatribes are actually representative of the majority opinion, as people who are undecided or disinterested tend not to engage…(Read More)

Solana developer platform Coral raises $20M led by FTX, Jump Crypto to build web3’s iPhone
Developers are a huge catalyst for growth in the competitive world of layer-one blockchains. Where the devs go, they build out applications and robust ecosystems, and user activity and interest tends to follow. Coral has been instrumental in building out dev tools for the Solana blockchain ecosystem. The startup created Anchor, which it says is the most popular smart contract developer framework for Solana…(Read More)

UAE Ministry of Economy opens up new headquarters in the Metaverse
The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse. According to Gulf News, the announcement was made on Sept. 28 by UAE Minister of Economy Abdulla bin Touq Al Marri during the Dubai Metaverse Assembly, with the minister stating “this is not a proof of concept, this is our third address” before giving a live tour of the virtual headquarters…(Read More)

Crypto.com Secures Presence in France with New License
Crypto.com has become the latest cryptocurrency platform to gain approval in France. Announced on Wednesday, the platform has been registered as a Digital Asset Service Provider (DASP) in the country after receiving clearance by the Autorité de Contrôle Prudentiel et de Résolution (ACPR)…(Read More)

‘Post Ethereum Merge Crypto Flows Indicate Continued Caution among Investors’
The inflow and outflow of investments into digital asset investment products in the past week indicate that investors are still cautious. According to the firm, cryptocurrency-based products recorded a total inflow of US$7 million in the past week, marking another week of low activity. The report noted that this suggests a “continued lack of engagement amongst investors at present.”…(Read More)

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries
The investigation was conducted with the assistance of the Capital Markets Board of Turkey, the Emirates Securities and Commodities Authority, and the Securities and Exchange Board of India. The regulator explained: “According to the SEC’s order, Oracle subsidiaries in Turkey and UAE also used the slush funds to pay for foreign officials to attend technology conferences in violation of Oracle policies and procedures…(Read More)

EU Set to Ban Russian Crypto Payments After ‘Sham’ Referenda
The European Union will tighten restrictions on Russians’ crypto investments within the bloc as it seeks to respond to “sham” independence votes being held in Russian-occupied regions of Ukraine, CoinDesk has been told…(Read More)

WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’
Terraform Labs, the company behind the development of the Terra (LUNA) blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of a security in response to public pressure…(Read More)

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