Connect with us

Crypto

Seoul reveals metaverse public project

Published

on

Seoul Metropolitan Government has jumped on the metaverse bandwagon, finally revealing its first public project.

The newly-launched metaverse will be a place of communication for the citizens of the South Korean capital.

It will also allow the citizens to virtually go to any tourist attraction, access official documents, file complaints, and request answers on municipal tax filings.

The first phase of the metaverse project has cost almost $1.6 million.

The second phase of this project will focus on the senior citizens, who’ll have difficulties traveling back and forth for different office purposes.

Continue Reading

Business

Who killed the crypto boom?

Published

on

It has been a shocking year for crypto investors, the year that crypto came crashing down to earth.

What began as a trickle became a turning point for crypto, losing their luster and exposed as a fringe product that most sensitive, experienced investors approached with skepticism.

So how did crypto climb so high under the cover of the pandemic?

By 2022, the ads were everywhere. Crypto was taking over the superbowl, and global sport.

Hollywood’s biggest names were jumping on board, and suddenly the big banking firms were taking notice.

The tokens might have been virtual, but crypto was become a real threat, and of real interest to next gen investors. #crypto #ftx #bitcoin

Continue Reading

Crypto

Kazakhstan to limit energy use for crypto mining

Published

on

Kazakhstan President Kassym-Jomart Tokayev has signed a law to limit the energy consumption of domestic cryptocurrency miners

The country has seen an influx of bitcoin miners, putting a strain on the energy grid.

The new law restricts miners from consuming energy from the national grid unless there is a surplus, which will be distributed among licensed operators.

Those using renewable energy, imported electricity, or their own energy generation capacity not connected to the grid, are exempt from this cap.

The legislation requires miners to be licensed and establishes a minor adjustment to the tax regime for the industry.

Kazakhstan is also looking to regulate digital assets exchanges in the wake of the FTX fiasco.

Miners must sell half of their crypto to registered exchanges in the Astana International Finance Centre by 2024, and 75% by 2025.

Kazakhstan is also planning to regulate digital asset exchanges.

Continue Reading

Crypto

Binance temporarily suspends U.S. Dollar bank transfers

Published

on

Crypto exchange Binance is set to temporarily suspending U.S. dollar bank transfers later this week

 
No reason has been given by the exchange for such a move.

The company says it will affect a very small percentage of monthly active users.

In the interim, all other methods of buying and selling crypto on the platform remain unaffected.

Subsequently, there has been no firm timetable as to when the suspension of USD activity would be lifted for the platform.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD