UAE Ministry of Economy opens up new headquarters in the Metaverse
According to Gulf News, The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse.
The announcement follows Dubai’s government’s Metaverse strategy revealed on July 18, which aims to create virtual 40,000 jobs by 2030 and support the government’s vision of increasing the number of blockchain companies to five times the current number.
Cardano’s Djed stablecoin closer than ever to deployment
Cardano’s algorithmic stablecoin, Djed, developed in collaboration with COTI Network, is now in its final stage of completion. The Djed team stated earlier that it was awaiting the Vasil upgrade as the hard fork will allow for the scalability required to safely run Djed on the mainnet.
Now that Vasil has successfully launched with full capabilities deployed, the COTI Network has shared what might be next for the much-awaited stablecoin deployment. However, no specific date has been communicated yet on the mainnet deployment.
Anon whales grab 560 billion SHIB
According to Etherscan, lumps of 200,000,000,000 and 158,081,037,000 SHIB have been transferred between anonymous digital wallets.
In the meantime, SHIBA INU maintains its high position as ETH whales’ top asset, which it regained earlier this week. Now they hold $136,956,295 SHIBA INU.
Solana outperforms Ethereum in daily transactions in Q2
According to Nansen’s State of the Quarter Report, throughout the second quarter, Solana’s daily transactions consistently increased, ending with more than 40 million daily transactions compared to Ethereum’s 1 million daily transactions.
Emurgo will invest over $200 million to strengthen the Cardano ecosystem
The creator of Emurgo, a Cardano development lab, Ken Kodama, told on the sidelines of the current Token 2049 conference on Thursday that the company will spend over $200 million to assist the ecosystem’s growth over the next three years.
The funds, which come from Emurgo’s own money, will be given to projects that are directly built on top of Cardano as well as to projects from other networks that are developing goods that combine Cardano’s network with their own.
Spanish telecom giant Telefonica enables crypto payments via Bit2Me
Telefonica, the $19 billion Spanish telecom giant, is allowing the use of cryptocurrency for purchases on its Tu.com marketplace.
The cryptocurrency payment integration for Tu.com comes as the result from a partnership between Telefonica and Spanish cryptocurrency exchange Bit2Me, CoinDesk reported. Telefonica also invested an undisclosed amount in the exchange.
Sweden’s central bank to test the use of retail CBDC for instant payments
Sveriges Riksbank, Sweden’s central bank, is teaming up with peers in Israel and Norway and the Bank for International Settlements (BIS) to test instant payments via retail cross-border central bank digital currency (CBDC).
“Project Icebreaker” is the fourth cross-border CBDC project that BIS has participated in. The “Project Icebreaker” program will continue till the end of the year, with a final report expected in the first quarter of 2023.
Judge orders SEC to turn Hinman documents over to Ripple Labs after months of dispute
Ripple Labs scored a victory in its continuing legal battle with the United States Securities and Exchange Commission (SEC) on Sept. 29 as U.S. District Court Judge Analisa Torres ruled to release the documents written by former SEC Corporation Finance Division Director William Hinman.
Following the news, XRP immediately reacted positively, up 8.77% in the past 24 hours and trading around $0.482.
Top 5 Trending Assets
This week, ONUS announced the establishment of the ONUS Foundation, the development of the ONUS Chain, and the launch of a 20% cashback campaign for first-time ONUS owners.
Despite the fact that the crypto market is experiencing a period of gloom, ONUS token, which has received plenty of positive news, has made a breakthrough, becoming the leading asset in the Top Trending on ONUS. Following are BTC, ETHW, ERN and LUNC – tokens that are constantly being discussed in ONUS communities.
NFT trading volume plunges 98% from January despite rise in adoption
According to data compiled from Dune Analytics, the weekly trading volume of NFT has plunged to $114.4 million. This represents a decrease of 98% from the $6.2 billion witnessed around the end of January. Weekly NFT trading volume rose to an ATH of $146.3 billion in early April before falling off a sharp cliff in May.
At the same time, however, the number of wallets owning at least one NFT has skyrocketed to 6.14 million, compared to 3.36 million at the end of January.