'Let’s build a Europe where Web3 can flourish:' Crypto companies sign an open...
Industry representatives call the authorities not to go beyond the scope of the FATF Travel Rule recommendation. Forty crypto companies cosigned an open letter to the European Parliament, European Commission and other principal E.U. institutions with a call to ensure common-sense regulation, standardized compliance procedures, and an innovation-friendly business environment. An open letter on behalf of the international Web3 community and “businesses across Europe,” shared with Cointelegraph by one of the signatories, went out to EU institutions on April 19. The industry players expressed....
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A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany. One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.A spokesperson from Commerzbank confirmed to local media outlet Börsen-Zeitung on April 14 that it “applied for the crypto custody license in the first quarter of 2022.” If approved it would be authorized to offer exchange....
Web3 developer growth hit an all-time high in 2021, yet challenges lie ahead for new developers flooding the space. “Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started gaining traction recently. The recent growth of Web3 was highlighted in a new report from Electric Capital, a venture capital firm that has....
The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies in order to create standards for an interconnected metaverse. The organization, formed by companies such as Animoca Brands, Dapper Labs, The Sandbox, and Unstoppable Domains, stated its objective was to achieve a decentralized, community-led, and user ownership-oriented open metaverse. Open Metaverse Alliance OMA3 Wants to Address the Isolated World Problem While the concept of the metaverse has grown to define a significant number of business models for the next years, there are inherent problems to its....
With TikTok facing the prospect of removal from the United States, users should realize that traditional tech companies are far less reliable than the decentralized web. People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game? The current regulatory debate around restricting TikTok in the U.S. provides a salient example of the risks....
This suite of tools is designed for developers to build products and services in the DeFi, GameFi, and NFT spaces. As the world accelerates towards a decentralized future, Fireblocks, a digital assets custody platform, announced the launch of their new Web3 Engine to help foster the development of the Web3 ecosystem.The company announced on Tuesday that the dedicated Web3 engine includes a set of tools for developers to create products and services in decentralized finance (DeFi), GameFi and nonfungible tokens (NFT). Fireblocks has also opened up a world of decentralized apps (DApps),....