The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
IMF urges El Salvador to remove Bitcoin’s status as legal tender
The International Monetary Fund stated that Bitcoin's status as legal tender is posing risk to the country's financial stability and system.
A look into the metaverse of GameFi rookie MOBOX
MOBOX had the 2nd highest amount of incoming funds out of all BSC GameFi projects last month.
Metascanning could soon become an everyday part of the metaverse–starting with Everdome
Promising a fully ubiquitous web3 experience, Everdome’s hyper-realistic version of the metaverse is preparing to revolutionize the virtual reality (VR) industry.
Why did Ethereum rebrand ETH 2.0 to “Consensus Layer?”
The Ethereum Foundation is renaming “ETH 1” and “ETH 2.0” to prevent scams.
Transaction volume up, users down – is OpenSea challenger LooksRare gmi?
After a blasting start, OpenSea challenger LooksRare still boasts high transaction volumes, but are the numbers “real” and is LooksRare gonna make it in the long run?
Elon Musk puts McDonald’s on the spot, wants the fast-food giant to accept DOGE
'The Dogefather' makes an offer to McDonald's, daring the fast-food giant to accept his fav meme coin for payments.
Former Goldman Sachs CEO admits crypto is happening despite his reservations
Lloyd Blankfein now sees the benefits of crypto, but what brought about this change in mind?
Fantom’s “Curve Wars”: How Andre Cronje and Daniele Sesta are changing liquidity provision
Inspired by Curve Finance and Olympus, Andre Cronje and Daniele Sestagalli is building a DEX that merges the mechanics of these two protocols on Fantom.
YouTube is considering adding NFT features for its creators
YouTube joins other social media giants and is dipping its feet into the world of NFTs.
Report: Crypto-investment products see $14 million inflow over past week
Bitcoin-based investment products saw inflow of around $14 million last week.
MicroStrategy stock slides as the SEC rejected its Bitcoin accounting strategy
Shares of MicroStrategy tumbled in tandem with the crypto market downturn, following the unfavorable accounting ruling by the SEC.
CZ says bitter ex-Binance employees are behind incriminating report
A Reuters investigation paints a damning picture of Binance as it attempts to win global regulatory acceptance.
Report: Biden administration may soon unveil an executive order on cryptocurrencies
The final draft of the executive order highlighting the government's strategies on cryptocurrency may be introduced as early as next month.
There could be 1 billion global crypto users by the end of 2022, and more than half will own Bitcoin
If the rate of crypto adoption remains the same, we could see over 1 billion crypto users by December—60% of which would own Bitcoin.
Legal Thoughts on Metaverse (II) Data Protection and Privacy
Data protection and privacy is another issue that should be considered in Metaverse projects.