The prosecution searched the headquarters of South Korea's seven main crypto exchanges for three days.
Meta's NFT integration on Instagram is now live and users can start showcasing their digital collectibles.
Binance was penalized for not securing a permit to operate in the Netherlands, and it has many customers too.
Tesla unloaded a big part of its cryptocurrency asset a year after Elon Musk said they will not sell their Bitcoins.
Crypto exchanges in Korea are under investigation for possible fraud and link to the collapse of TerraUSD and Luna.
Hong University of Science and Technology is set to open the first campus in the Metaverse to link its two campuses.
Banks Will Disappear By 2026 Due To Blockchain Technologies, Says Sberbank Vice President
Andrey Sharov, Vice President of Sberbank, recently shared his views on what the future might hold as a result of blockchain technologies.
Speaking at the Metro Expo 2016, Sharov predicted disappearance of banks by 2026 due to the development of blockchain technologies, Rambler News Service reported.
“In 10 years, there will be no banks, I'm afraid,” Coinfox translated Sharov’s comment. “Bank of England has established a consortium of 50 English banks rebuilding their banking models completely with the help of blockchain technology. I’ll have no place to work at”.
Sharov seems to have confused the Bank of England with R3 blockchain consortium which now has over 40 member banks. These comments come at time when the bank has been increasingly showing interest in blockchain technologies.
Last December, Sberbank’s First Deputy Chairman of the Management Board, told Kommersant that the bank is closely watching on the evolution of blockchain technology, while hinting at the possibility of Sberbank joining the R3 consortium.
Speaking before the ASI in January, Herman Gref, CEO and Chairman of the Executive Board, said that blockchain technology has the potential “to turn all the spheres upside-down: that of state regulation, functionality of the state in general, finance – every single one.”
Sberbank currently accounts for one third of its banking system, providing employment and a source of income for every 150th Russian family.
While Russia still maintains its anti-bitcoin stance, the country is quite optimistic about the blockchain technology. The Central Bank of Russia announced in February that it has established a Working Group on the analysis of advanced technologies and innovations in the financial market, with focus on the study of distributed technologies such as blockchain, and other payment technologies.
Internet advisor to Russian president Vladimir Putin German Klimenko said that the technology is amazingly interesting and that he expects lots of experiments in this space.
In February, Olga Skorobogatova, the deputy chairman of the Central Bank of Russia said, “In 2017-2018, we will see real examples of the use of this system [blockchain technology]…As a closed system, I think, [blockchain technology] is the future, and we need to prepare for it".