Dubai Unveils Metaverse Strategy, Aims to Attract Over 1,000 Firms
Dubai has revealed its metaverse strategy, outlining its plans to attract more than 1,000 blockchain companies to the city and support more than 40,000 virtual jobs by 2030. Could Dubai become one of the world’s top metaverse economies? “The Hash” squad weighs in.
KPMG Canada Exec on Navigating Crypto Contagion: 'Do Your Homework'
As contagion risks continue to ripple across the crypto market after May’s implosion of terraUSD (UST), Kareem Sadek of KPMG Canada highlights the importance of doing your homework and the lessons learned. Plus, why is KPMG opening a collaboration hub in the metaverse?
Vauld Buyout Talks; Celsius Fights Against Bankruptcy
Vauld in buyout talks with Nexo. Voyager Digital files for bankruptcy. Celsius community pushes on with short squeeze amid ongoing bankruptcy concerns. Bank of England calls for greater crypto regulation. “Wolf of Wall Street” says Bitcoin investments will be profitable in three to five years.
3AC Contagion Fears; Saylor Buys More Bitcoin
Three Arrows Capital reportedly told to liquidate while market contagion fears grow. Microstrategy buys another $10 million worth of bitcoin. N. Korea suspected of $100 million Harmony Horizon hack. India’s 1% tax deducted at source on crypto transactions starts tomorrow. K-pop metaverse artists log in to mainstream popularity. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Citi Flags Crypto-Backed Real Estate Mortgages Amid Market Crash
Banking giant Citigroup recently commented on cryptocurrency-backed mortgages and the rise of metaverse real estate amid a pullback in the crypto markets. “The Hash” group discusses the tax implications of crypto-adjacent mortgages and the future of metaverse land sales.
BIS Warns Over Crypto Flaws; Crypto Bailout Battles
Bank for International Settlements says crypto unsuitable as money. Morgan Creek said to try countering FTX’s BlockFi bailout. Goldman Sachs reportedly trying to buy distressed assets from Celsius. Metaverse features expected in HTC’s new phone. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
SBF Agrees Second Bailout; Pride in the Metaverse
Bitcoin, cryptocurrencies return to red with soaring U.K. inflation. Sam Bankman-Fried steps in to bail out BlockFi.Indian tax authorities to discuss 28% GST on crypto trading next week. Chinese regulators vow to prevent further crypto risks. Pride events head into the metaverse, offering a new safe space for the LGBT community. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Tech Giants Create Metaverse Standards Forum for Software and Terminology Standards
Some of the biggest names in gaming and software, including Meta and Microsoft, are coming together to build the infrastructure for an interoperable metaverse. “The Hash” hosts discuss the industry implications, potential outcomes and at least one major tech player who’s missing from this group.