Web3 payment infrastructure provider Transak has obtained Money Transmitter Licenses (MTLs) in Illinois and Missouri, allowing it to operate independently in these states, crypto.news has confirmed. This development enables Transak to directly facilitate fiat-to-crypto transactions for residents and businesses without reliance on external provider licenses. A Money Transmitter License permits firms in the U.S. to...
In a significant move to bolster the Web3 startup landscape in Indonesia, Lisk, a notable layer-2 blockchain platform, has forged a strategic partnership with the Directorate General of Informatics Applications (DGIA) of the Indonesian Ministry of Communications & Informatics Technology. Announced on February 27, this collaboration is set to invigorate the local Web3 ecosystem by...
Blockchain technology is revolutionizing the sports industry, with revenue from blockchain expected to grow at a 9% CAGR over the next five years. Web3’s influence in sports is democratizing the industry, giving fans a significant stake and voice in their favorite teams’ operations. Non-fungible tokens (NFTs) are also playing a significant role in transforming the...
Crypto enthusiasts frequently highlight the benefits of their technology over traditional financial institutions like brick-and-mortar banks, and it’s a story that has a lot of reality. But funds must be ensured to be secure if Web3 is to be widely adopted and for cryptocurrencies to be used in retail or stored as a store of...
Nonfungible token marketplace Magic Eden has launched its own “fully audited” marketplace for Bitcoin Ordinals, leveraging the surging interest in “Bitcoin NFTs.” The newly launched marketplace allows Bitcoin NFT traders to buy and sell Bitcoin Ordinal collections, giving users a similar experience to the one that Magic Eden offers for Polygon, Ethereum and Solana-based NFTs....
The Hong Kong authorities have allocated $50 million to accelerate the development of the crypto industry. Hong Kong Financial Services and Treasury Bureau (FSTB) Chairman Christopher Hui made the announcement at the Web 3 Investment Summit hosted by Aspen Digital, according to a press release on the Hong Kong government website. According to him, the...
Meta has decided to stop supporting NFT on its social networks Facebook and Instagram. This was announced by the head of commerce and financial technologies Meta Stephane Kasriel. NFT support was added to the Meta social networks six months ago. At the end of August 2022, the company announced the introduction of digital tokens on...
The French Fashion House Hermes decided to achieve a complete ban on NFT series sales with Birkin bags. The company appealed to the federal court with a request to ban the artist Mason Rothschild to advertise, sell and own digital tokens issued by him from the Metabirkin collection, after the jury established that they violate...
American rapper and actor Snoop Dogg has been revealed as one of the co-founders of a Web3-powered live streaming app called “Shiller” — adding to yet another Web3 partnership for the well-known hip-hop artist. The app is described as a “live broadcast platform” that aims to combine Web3 technology with real-time live-streaming content. The rap...
Visa has denied media reports that it is allegedly putting its cryptocurrency projects on hold following the collapse of several major crypto companies. Mastercard also said it will continue to explore use cases for blockchain technology. On February 28, Reuters published an article stating, citing unnamed sources, that Visa and Mastercard have “hit the brakes”...
