The Avalanche Foundation today announced Avalanche Multiverse. Avalanche Multiverse is a $290 million incentive program aimed at promoting their new sub-ecosystem. The program aims to finance projects in Web3 playground, DeFi, NFTs and facilitate corporate usage.
Ministry of Treasury Launches Crypto Education Initiative
In an interview with Reuters, a senior official said the US Treasury Department's Financial Literacy Education Commission will launch an initiative focused on informing the public about the potential risks of investing in cryptocurrencies.
JPMorgan to Follow Customer Demand on Crypto
JPMorgan Chase's Global Markets President Troy Rohrbaugh claims that the banking giant will go where its customers are when it comes to cryptocurrencies at the RBC Capital Markets Global Financial Institutions Conference earlier this Tuesday.
Sandbox Partners with World of Women to Provide Training and Mentoring for Women
Sandbox metaverse announced its partnership with the non-fungible token (NFT) community World of Women (WoW) to launch the WoW Foundation. A $25m grant from The Sandbox will help fund the foundation over the next five years. The mission of the WoW foundation is to strengthen women's representation in the fields of NFT and metaverse.
VanEck to Create New ETF to Monitor Crypto and Gold Mining Organizations
VanEck, a renowned investment fund, applied to the United States Securities and Exchange Commission (SEC) for an ETF that tracks crypto and gold miners. The investment firm, which has a valuation of over $82 billion in assets under management, filed to the SEC on Thursday.
Ethereum's DeFi Domination in Crisis: DeFi TVL In ETH Falls Below 55%
The landscape in the field of decentralized finance continues to transform into new forms as the market progresses. A new report shows that Ethereum's DeFi dominance was acquired by other blockchains.Janet
Yellen Says Biden's Crypto Execution Order Supports “Responsible Innovation”
A new statement from US Treasury Secretary Janet Yellen sets out how her department will implement the provisions of a long-awaited executive order from Joe Biden's White House. “Biden's historic executive decision requires a coordinated and comprehensive approach to digital asset policy,” a statement released late Tuesday and later removed from the website publication.
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