Virtual Assets 🚀

The latest virtual asset news. Virtual assets, encompassing cryptocurrency, digital items in games, virtual world properties, and virtual reality experiences, signify a revolutionary shift in the digital economy. These assets blend technology and economics, redefining value exchange in digital realms. Virtual assets are pivotal in transforming industries, offering new ways to engage with content, invest, and interact in immersive environments.

📡 Latest Virtual Assets News

FIT21 Act Clears US House With Bipartisan Support, Redefines Crypto Rules

FIT21 Act Clears US House With Bipartisan Support, Redefines Crypto Rules

May 23, 2024 US Regulation Cryptocurrency

The United States House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21), a comprehensive bill aimed at regulating the cryptocurrency and blockchain industry. The legislation, which received bipartisan support, sets clear legislative boundaries for virtual assets and establishes regulatory requirements for entities operating

DTCC Embraces Tokenization and Blockchain for Capital Markets Transformation

DTCC Embraces Tokenization and Blockchain for Capital Markets Transformation

May 20, 2024 DTCC Tokenization Virtual Assets

In the heart of the global financial system, a little-known giant of the financial industry ensures the seamless flow of trillions of dollars worth of transactions every single day. This behemoth is the Depository Trust & Clearing Corporation, or DTCC for short. Despite its crucial role in keeping the gears

Crypto Takes Center Stage in US Election

Crypto Takes Center Stage in US Election

May 17, 2024 US Cryptocurrency Regulation

Over the past week, there have been several significant developments related to cryptocurrency regulation in the United States. Lawmakers, regulators, and industry participants have been actively engaged in discussions and actions that could shape the future of the virtual asset space. And for the first time, crypto regulation is becoming

Dubai's VARA Marks Two Years as World's First Virtual Asset Regulator

Dubai's VARA Marks Two Years as World's First Virtual Asset Regulator

May 16, 2024 Dubai VARA UAE

Dubai's Virtual Assets Regulatory Authority (VARA), established in March 2022 under Law No. 4, recently celebrated its two-year anniversary as the world's first dedicated virtual asset regulator. Over this period, VARA has played a crucial role in shaping Dubai's legal framework for virtual assets,

Neoclassic Capital: New Crypto VC Firm

Neoclassic Capital: New Crypto VC Firm

May 15, 2024 Venture Capital Crypto Venture Capital Virtual Assets

A pair of former employees from Goldman Sachs and BlockTower Capital have launched a new virtual asset venture capital investment firm called Neoclassic Capital. The Miami-based company, co-founded by Michael Bucella and Steve Lee, aims to invest in both private and public crypto markets, focusing on areas such as derivatives,

Blockdaemon Expands Operations to Abu Dhabi

Blockdaemon Expands Operations to Abu Dhabi

May 14, 2024 Blockdaemon Blockchain Infrastructure Infrastructure

Blockchain infrastructure company Blockdaemon has announced its expansion into the Middle East with the opening of a new office and entity in Abu Dhabi, United Arab Emirates. The move, approved by the Abu Dhabi Global Market (ADGM) Registration Authority, aligns with Blockdaemon's strategy to provide Web3 infrastructure solutions

Philippines Central Bank Approves Coins.ph Stablecoin PHPC

Philippines Central Bank Approves Coins.ph Stablecoin PHPC

May 13, 2024 Philippines Stablecoin PHPC

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has recently approved a pilot program for PHPC, a stablecoin pegged 1:1 to the Philippine peso, in collaboration with crypto wallet provider Coins.ph. This move aims to explore the potential of a digital currency tied to the country'

Fireblocks Opens NY Virtual Asset Custody Trust Company

Fireblocks Opens NY Virtual Asset Custody Trust Company

May 10, 2024 Fireblocks Custody Virtual Assets

The secure custody of virtual assets has become a critical concern for investors, financial institutions, and regulators alike. Fireblocks, a leading blockchain security platform, has emerged as a key player in this space, offering cutting-edge solutions for the secure storage, transfer, and management of virtual assets. With the recent unveiling

Bitcoin Stablecoins and Tokenized Assets

Bitcoin Stablecoins and Tokenized Assets

May 9, 2024 Bitcoin Stablecoin Tokenization

Bitcoin, the world's first and most widely recognized cryptocurrency and virtual asset, has long been hailed for its decentralized nature and robust security. However, the volatility of its price has often been a barrier to its adoption as a medium of exchange. The price volatility has lead many

Chainalysis Expands Presence in Dubai as Dubai Emerges as Crypto Hub

Chainalysis Expands Presence in Dubai as Dubai Emerges as Crypto Hub

May 8, 2024 Chainalysis Dubai UAE

Dubai has become a global hub for virtual assets and blockchain technology. In just the last month: * Dubai hosted Token2049, one of the world's largest crypto conferences * Binance secured a full virtual asset service provider licence from VARA, the Virtual Assets Regulatory Authority * VARA announced plans to simplify

South Korea Moves Closer to Bitcoin ETFs

South Korea Moves Closer to Bitcoin ETFs

May 8, 2024 South Korea Bitcoin ETF Virtual Assets

The Democratic Party in South Korea has announced plans to request the Financial Services Commission (FSC) to reconsider its stance on spot Bitcoin (BTC) exchange-traded funds (ETFs). This move comes as 10% of South Korea's population, or 6 million people, have invested in cryptocurrencies. The Democratic Party, which

Virtual Assets for the Unbanked

Virtual Assets for the Unbanked

May 7, 2024 Virtual Assets Unbanked Cryptocurrency

In a world where technology increasingly intersects with daily life, the rapid adoption of mobile phones has transformed the way we communicate and access information. There are an estimated 5.6 billion unique mobile phone users worldwide, representing more than two-thirds of the worlds global population of 8 billion. This