Monthly Archives: April 2023

“The reality is the metaverse is not new,” he said. “World of Warcraft, for all intents and purposes, is a metaverse,” he added. “But what Web3 is enabling is not only new interaction and ways for players to find communities that go beyond necessarily the game itself.”

Regulators worldwide have been working for several years to determine how best to coordinate international crypto regulation. Earlier this month, the European Parliament approved the European Union’s crypto-assets framework, the Markets in Crypto-Assets Regulation (MiCA), which some observers have said could form a template for other jurisdictions. Even so, each country or region has issues…

Signature Bank, a crypto-friendly institution, fell apart because of mismanagement by its officers and “contagion effects” after the collapse of Silicon Valley Bank and wind-down of Silvergate Bank, a federal bank regulator said in a report Friday.

Relating the chances of bitcoin reaching $1 million to the probability of some sort of Black Swan event in the U.S. economy, Srinivasan said he thinks there's a 10% chance of a very serious issue in months, a 70% chance of one in years, a 19% chance within decades and a 1% chance it takes…

"Events of the last six months have put a damper on entities wanting to bank this space [crypto]," said another panelist, Richard Booth, chief compliance officer of Fortress Trust Company. "But it's legal business and I think that every business in this country is entitled to access to banking rails." He added that "the regulation,…