Digital Currency Revolution

Metaverse: Amorepacific launches its 'New Beauty Land' on Decentraland metaverse platform

Mar 27, 2023 10:17 am UTC| Business Investing Digital Currency

Amorepacific Corp. set up its virtual space on the Decentraland metaverse platform. The South Korean cosmetic firm named its metaverse the New Beauty Land. According to The Korea Economic Daily, Amorepacific is joining...

Digital Currency Revolution

Cryptocurrency: Do Kwon reportedly arrested in Montenegro, indicted in US

Mar 24, 2023 09:29 am UTC| Business Digital Currency Investing

Do Kwon, the co-founder of Terraform Labs, who is suspected of fraud after the collapse of the Luna and Terra stablecoin, has been found and arrested in Montenegro. Based on the reports, a man who appears to be the wanted...

Digital Currency Revolution

Cryptocurrency: Lindsay Lohan, Jake Paul penalized by SEC over crypto violations

Mar 24, 2023 07:54 am UTC| Business Digital Currency Investing

Lindsay Lohan, Jake Paul and several other celebrities were slapped with a combined $400,000 fine over violations related to cryptocurrency. The U.S. Securities and Exchange Commission said on Wednesday this week that it...

Digital Currency Revolution

NFT: Sony files patent for digital tokens as it explores NFT integration for PlayStation

Mar 23, 2023 07:26 am UTC| Business Digital Currency Investing

Sony Corporation is now exploring blockchain technology and filed for a patent related to non-fungible tokens or NFT. It is looking into this area to allow transfers of digital assets between games and consoles. It was...

UBS to buy Credit Suisse for $3.2 billion to avoid further bank turmoil

Mar 21, 2023 23:19 pm UTC| Economy Business Investing

Banking giant UBS is buying Credit Suisse for $3.2 billion without the approval of shareholders to prevent the latters collapse and further turmoil in global banking, according to Swiss President Alain Berset. The deal...

Digital Currency Revolution

NFT: Playboy loses $4.9M after accepting Ethereum as NFT Payments

Mar 21, 2023 10:53 am UTC| Business Digital Currency Investing

Playboy Group started accepting Ethereum for NFT purchases however, it ended up losing $4.9 million after allowing this form of payment. As of December 2022, the company is said to have a net carrying value of digital...

Digital Currency Revolution

Metaverse: Hyundai Department Store to debut its metaverse duty-free store

Mar 21, 2023 08:38 am UTC| Business Digital Currency Investing

Hyundai Department Store Duty Free (HDDFS) announced last week it had signed a memorandum of understanding (MOU) with OlimPlanet for a deal related to the metaverse business. OlimPlanet is a Seoul-based metaverse...