Fiat and Kia Using ChatGPT to Open Metaverse Car Dealerships

Car manufacturers Fiat and Kia have opened metaverse showrooms and have partnered with ChatGPT to make the experience as realistic as possible. Both Fiat and Kia plan to offer customers the ability to browse vehicles through digital showrooms integrated into the metaverse.

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Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance.US

Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets.

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Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance US

Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets.

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Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors

Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.

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DCG and Genesis reach initial deal to restructure plan with creditors

The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors.  The agreement involves selling Genesis’ bankrupt entities and refinancing ouThe post DCG and Genesis reach initial deal to restructure plan with creditors appeared first on AMBCrypto.

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Digital Currency Group And Genesis Reach Restructuring Agreement With Creditors

The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co.

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Genesis creditors to expect 80% recovery under proposed restructuring plan

Digital Currency Group (DCG) plans to hand its equity stake in Genesis' trading arm to Genesis Global, which will then be sold, pending court approval.

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Australia cracks down on crypto scams, boosts regulatory team

The Australian government is strengthening its market regulator's digital asset team as part of a three-stage plan to regulate crypto and ensure proper risk disclosure from crypto companies.

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Saudi Central Bank To Experiment With CBDC

As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its plan to experiment with central bank digital currency (CBDC) alongside local banks and fintech firms in a phase-by-phase project. According to […]

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Australian Crypto Exchange Digital Surge to Pay Back Creditors After Losing $33M on FTX

Australian cryptocurrency exchange Digital Surge has been bailed out after creditors approved a long-term recovery plan.

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US Banks Take Aim at Digital Wallets, Plan to Launch Apple Pay Competitor

Several U.S. banks will launch a digital wallet to recover market share from Apple Pay. The post US Banks Take Aim at Digital Wallets, Plan to Launch Apple Pay Competitor appeared first on BeInCrypto.

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Crypto Wallets On Crosshair of Major Banks As They Take On PayPal, Apple Pay

The major US banks, including Bank of America, JP Morgan Chase, and Wells Fargo are planning to introduce a new system that uses a digital wallet linked to customer credit cards and debit cards. The plan is slated to start rolling out in the second half of 2023.

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Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg

Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down.

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Indonesia central bank proposes controversial digital currency plan

The Indonesia c.bank has launched a white paper on planned digital rupiah that will emphasize the Bank Indonesia’s (BI) role as the sole authority to issue legal tender. Indonesian government joins bandwagon to ring-fence crypto The Indonesia central bank unveiled…

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Crypto work being added to IRS: something unfamiliar

The Internal Regulatory Authority has revealed a plan to the government to include self-employed workers with the Portuguese finance authority as digital assets service providers. The IRS has been making efforts to add taxes to several entities and people within,…

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Sony Patent Shows Plan To Track In-Game Digital Assets with NFTs

A new patent filed last year suggests that Sony is planning to track in-game assets using NFTs. Sony kept the patent a secret until Eurogamer reported about it recently. It’s dubbed “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger.

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UK Legislators Plan to Hold an Inquiry on NFT Regulation and Investment Risks

NFT regulation in the U.K. is “essentially non-existent,” according to the DCMS committee, and MPs intend to evaluate the assets before a review by the treasury department. Seeking Public Opinion on NFTs The UK’s Digital, Culture, Media and Sport Committee…

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Japanese Digital Ministry Announced Creation of Its Own DAO

Japanese officials do not plan on decelerating adoption of Web3 technologies

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Fidelity Survey: Institutional Investors Plan To Buy More Bitcoin, Ether, And Other Cryptos

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Most institutional investors hold or plan to buy cryptocurrencies: Survey

A survey on the appetite for digital assets for institutional investors showed that 43% already own digital assets.

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European Union’s Action Plan on Digital Energy Might Affect Crypto Mining

The European Commission (EU) action plan seeks to curb electricity use for crypto mining among member states.

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Koreans to have access to blockchain-powered digital IDs by 2024

Under the plan, the blockchain-powered ID would be fully decentralized, meaning the government won't be able to see how or when the ID is being used.

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Mark Zuckerberg Reiterates Meta’s Plan For An Open Interoperable Metaverse – Here’s How

Meta’s co-founder Mark Zuckerberg insists that the company will not build its metaverse alone but strike partnerships with DeFi platforms. The metaverse will integrate NFT collectibles and other digital assets built on public blockchains like Ethereum and Solana.

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Voyager [VGX]: Creditors oppose the immunity plan, details inside

Following the confirmation of FTX as the winner of the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd, its creditors have challenged the proposed plans to offer the company’The post Voyager [VGX]: Creditors oppose the immunity plan, details inside appeared first on AMBCrypto.

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Chinese researchers propose digital currency to rival U.S. dollar

Researchers from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences have proposed a bold plan to combat the U.S. Dollar’s influence in their part of the worldThe post Chinese researchers propose digital currency to rival U.S. dollar appeared first on AMBCrypto.

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Japanese Government to Include Metaverse and NFTs in Digital Transformation Plan

Fumio Kishida, Japan’s prime minister since 2021, has stated that the government will promote Web3 services, such as those involving nonfungible tokens, or NFTs, and the Metaverse. Fumio Kishida claims that as part of the Japanese government’s commitment to digital…

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Alex Mashinsky Breaks Silence on Twitter Space: Says Celsius Has Sent Restructuring Plan to UCC

In a Twitter space held by Digital Asset News last week, Celsius CEO Alex Mashinsky broke his long silence about the crypto lender’s bankruptcy mess. Simon Dixon Accuses Mashinsky of Lying Mashinsky got into a heated argument in the Twitter…

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ETC Group To Retain Ethereum PoW Hard Fork For ETP

Amidst preparations for the Ethereum Merge, ETC Group made a shocking announcement on Wednesday. The digital assets and blockchain equity provider declared its plan to continue using Ethereum’s proof-of-work consensus for its current Ethereum exchange-traded products.

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Scions of Singapore Banking Family Announce Expansion Into Crypto

Members of the Singapore dynasty that founded the Oversea-Chinese Banking Corp plan on expanding its asset-management business into digital investments. The post Scions of Singapore Banking Family Announce Expansion Into Crypto appeared first on BeInCrypto.

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Voyager Digital Will Auction Assets Next Week

Voyager Digital has stated that it will auction off the remainder of its assets next week as part of its restructuring plan. Voyager Will Auction Remaining Assets Voyager will sell...

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Australia Plans To Become A Crypto Market Leader Under New Regulations

Australia has vowed to improve its crypto-assets regulatory system through “token mapping” to provide greater customer protections and stay ahead of the digital evolution curve. Unveiling the plan on Monday, the country’s treasury noted that despite the number of taxpayers interacting with Bitcoin, Dogecoin and other crypto assets skyrocketing since 2018, regulations in the sector […]

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Australia to Use 'Token Mapping' as Framework for Crypto Regulation

Australia has come up with a plan to frame regulation and protect investors in the face of an avalanche of advertising. The plan is to "token map" all cryptocurrencies to uncover the characteristics of all digital asset tokens in Australia including charting the type of crypto asset, its underlying code, and any other defining technological feature.

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First Mover Americas: Bitcoin Hits $25K But Fails to Hold, Galaxy Digital Scraps Plan to Buy BitGo

The latest price moves in bitcoin (BTC) and crypto markets in context for August 15, 2022.

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Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

The $1.2 billion acquisition was announced May 2021 and was expected to close by the end of that year.

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What Do We Know About The Crypto.com Expansion Into South Korea

Crypto. com is one of the world’s fastest growing digital asset trading platform. It has recently spoken about its acquisitions in South Korea which would help in Crypto. com’s South Korea expansion plan.

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Miami Boosts Crypto Image With Release Of 5,000 NFTs With Mastercard, Time And Salesforce

Miami has once again garnered headlines. Francis Suarez, the mayor of the city, stated his future plan to distribute 5,000 Ethereum NFTs in collaboration with Mastercard, Time, and Salesforce. According to a city press release, the NFTs – unique blockchain digital currencies that symbolize ownership — are being produced by 56 different artists from the […]

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Japanese lobbying groups wants tax cuts to maintain crypto-talent

According to reports, cryptocurrency lobbying organizations in Japan plan to push lawmakers to lower the tax rates on the local digital asset sector. As a result, professionals in the field are more lThe post Japanese lobbying groups wants tax cuts to maintain crypto-talent appeared first on AMBCrypto.

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FTX Offers Partial Bailout Plan To Voyager Investors

FTX has made a joint offer with West Realm Shires Inc and Alameda Ventures Ltd, to provide early liquidity to customers of Voyager Digital which filed for bankruptcy in New York earlier this month.

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Tighter Crypto Regulation In Thailand Delays Bitkub’s Acquisition

Thailand’s Plan of tightening crypto regulations have caused major setback to retail investors and digital asset enthusiasts. Adding to this, several companies have received a major blow due to this decision.

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Voyager Digital gives update on recovery plan, reinstating user account access

Voyager Digital said it’s working as quickly as possible to open user account access in an update posted on July 11. The post Voyager Digital gives update on recovery plan, reinstating user account access appeared first on CryptoSlate.

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Voyager Digital Provides Update on Recovery Plan

Failing cryptocurrency lending company Voyager Digital announced a recovery plan for users in a blog post today. Voyager Will Pay Out Asset Shares Following its earlier decision to suspend withdrawals,...

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Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

Voyager Digital has joined the growing list of CeFi firms hurting as a result of exposure to Three Arrows Capital and declining crypto asset prices.

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Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report

The recent downturn in the cryptocurrency market hasn't deflected Facebook parent company Meta from its plan to bring digital collectibles to its users.

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Vitalik Buterin calls Plan B’s Stock to Flow Bitcoin model “harmful”

Ethereum (ETH) co-founder Vitalik Buterin has criticized the Stock-to-Flow (S2F) model for predicting and measuring the value of Bitcoin (BTC), claiming that it creates a false sense of financial security about the digital asset’s value.

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Key US Senators Introduce Crypto Bill Outlining Sweeping Plan for Future Rules

A wide-reaching, bipartisan crypto bill finally emerged Tuesday from U. S. Senators Cynthia Lummis (R-Wyo. ) and Kirsten Gillibrand (D-N. Y. ), who are seeking to extend a comprehensive set of regulations across digital assets in the U.

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Singapore's MAS has a digital asset tokenization plan with 'Guardian'

According to a statement by Deputy Prime Minister Heng Swee Keat, the Monetary Authority of Singapore (MAS) has unveiled Project Guardian. This will be a collaborative endeavour with the financial indThe post Singapore's MAS has a digital asset tokenization plan with 'Guardian' appeared first on AMBCrypto.

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U.S. Congress finally introduces crypto bills; here's what you should know

The United States Congress has elaborated on its plan to regulate cryptocurrencies and other digital assets after careful assessments. The legal ambiguity of digital assets has been a major concern inThe post U.

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Marketing: 44% of Marketers Plan to Run Campaigns in the Metaverse

Marketing in the metaverse: Advertising in digital worlds is definitely on the radar for many marketers in 2022. Here's why. The post Marketing: 44% of Marketers Plan to Run Campaigns in the Metaverse appeared first on BeInCrypto.

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Slumping Galaxy Digital Announces Share Repurchase Plan

GLXY has dropped by about 20% since Monday, when the firm reported $111.7 million in losses.

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