July 2022

Dubai permits full operation to FTX subsidiary FZE via first MVP license

Leave a Comment / Cryptocurrency, Regulation / By forksdaily

According to Dubai officials, the subsidiary’s operations will serve as a regulatory trial for future commercial services using virtual assets. On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region. Dubai’s Virtual Asset Regulatory Authority (VARA) issued the …

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‘BITCOIN VALLEY’ HUB LAUNCHES IN HONDURAS

Leave a Comment / Bitcoin News / By forksdaily

The private initiative launched in the town of Santa Lucia, Honduras, aims to spur bitcoin adoption and invite more tourism to the region. A local bitcoin hub has been launched in the tourist town of Santa Lucia, Honduras. Coined Bitcoin Valley, the private initiative aims to create a circular Bitcoin economy and increase the flow …

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Elon Musk countersues Twitter over merger, but details aren’t yet public

Leave a Comment / Business / By forksdaily

KEY POINTS Elon Musk countersued Twitter on Friday, intensifying the conflict between the social networking company and centi-billionaire but keeping details hidden from the public. Musk agreed to buy Twitter for about $44 billion, but then sought to terminate the deal. Twitter sued Musk for reneging on the merger agreement. The central arguments of Musk’s …

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GameFi Industry Expected to Reach .8B by 2028

GameFi Industry Expected to Reach $2.8B by 2028

Leave a Comment / Bitcoin News, NFTs / By forksdaily

The growth and adoption of the crypto GameFi business are expected to make the game-earning non-fungible token (NFT) gaming industry reach $2.8 billion by 2028, according to Absolute Reports, a company that provides market research services. The report shows that while the cryptocurrency market is going through a “crypto winter,” WAX and Binance Smart Chain have stable community …

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Apecoin DAO Approves Funding a Bored Ape-Centric News Publication

Santander Brazil to Launch Crypto Trading Feature in Coming Months, CEO Says

Leave a Comment / Cryptocurrency / By forksdaily

The financial institution will join fintech companies entering the crypto segment, such as Nubank, Mercado Libre and PicPay. Spanish banking multinational Santander plans to offer crypto trading to its clients in Brazil in the coming months, Santander Brazil CEO Mario Leao said on Thursday. The bank plans to launch crypto-related services and could provide further …

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Binance jumps into NFT ticketing after UEFA League fiasco

FOUNDRY LAUNCHES LOGISTICS ARM FOR BITCOIN MINING EQUIPMENT

Leave a Comment / Bitcoin News / By forksdaily

The firm will provide domestic and international logistic solutions for the acquisition and delivery of bitcoin mining infrastructure with a streamlined process. Foundry has released a new logistics arm to serve as a one-stop shop for all things related to bitcoin mining infrastructure. Foundry Logistics enables transparent and efficient monitoring of shipments allowing customers to …

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Standard Chartered reports profit up 19% in first half, announces 0 million share buyback

Standard Chartered reports profit up 19% in first half, announces $500 million share buyback

Leave a Comment / Stock market / By forksdaily

KEY POINTS Standard Chartered on Friday reported first-half pre-tax profit rose 19%, above market expectations, as the emerging markets-focused lender benefited from rising interest rates. Statutory pretax profit for the lender, which earns most of its revenue in Asia, increased to $2.8 billion in the first half of the year from $2.35 billion in the same …

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Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers .8 Billion Losses During Q2

Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2

Leave a Comment / Metaverse / By forksdaily

Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs …

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Dubai permits full operation to FTX subsidiary FZE via first MVP license

‘BITCOIN VALLEY’ HUB LAUNCHES IN HONDURAS

Elon Musk countersues Twitter over merger, but details aren’t yet public

GameFi Industry Expected to Reach $2.8B by 2028

Apecoin DAO Approves Funding a Bored Ape-Centric News Publication

Santander Brazil to Launch Crypto Trading Feature in Coming Months, CEO Says

Binance jumps into NFT ticketing after UEFA League fiasco

FOUNDRY LAUNCHES LOGISTICS ARM FOR BITCOIN MINING EQUIPMENT

Standard Chartered reports profit up 19% in first half, announces $500 million share buyback

Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2

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