Honduras Economic Zone formally Recognizes Bitcoin As Unit of Account
Próspera, a special economic zone located in Roatan, Honduras, has formally acknowledged Bitcoin as a unit of account, enabling its utilization in the valuation of products and services on the market less than two years after its adoption as legal tender. On January 5, Jorge Colindres, the interim manager and tax commissioner of Próspera ZEDE […]
Mango Markets Hires Personnel to Handle its US Regulatory Scrutiny
Mango Markets, a decentralized exchange, is gathering additional personnel to withstand the ongoing scrutiny of regulatory authorities in the United States, setting aside a budget of $250,000. On January 6, the decentralized autonomous organization operating the exchange intends to authorize a budget of $250,000 in USD Coin, according to a proposal on Mango’s governance forum. […]
Ready Player One Author to Develop Digital Metaverse for Movie
Ernest Cline, the author of Ready Player One, and Dan Farah, the producer of Steven Spielberg’s film adaptation of the story, have partnered to develop a digital metaverse dubbed Readyverse for the movie with the assistance of artificial intelligence (AI) and metaverse company Futureverse. Cline and Farah will co-found Readyverse Studios with Futureverse’s Shara Senderoff […]
CBN Announces Launch of cNGN Stablecoin in February
In its regulatory sandbox, the Central Bank of Nigeria (CBN) has authorized the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin. The release date for the new stablecoin is February 27, 2024. The ASC, an association of Nigerian banks and fintech operators, stated in a blog post that the cNGN stablecoin adheres to the […]
DeFi Execs Predict DePINs, AI as ‘Power duo’ of 2024
Decentralized physical infrastructure networks (DePINs) which began to acquire traction with major global manufacturers in 2023 and AI technologies have been predicted as “power duo” of 2024 by DeFi executives. DePINs are blockchain protocols that incentivize the decentralized construction and operation of physical infrastructure through cryptocurrency tokens. An increasing number of entities are linking it […]