Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________
Metaverse news
- Tech giant Apple is looking seriously into the metaverse and it is putting money into exploring its potential, CEO Tim Cook said during an analysts’ earnings call. He added that they see a lot of potential in the space and are “investing accordingly” as they already have “over 14,000 [augmented reality, AR] kit apps in the App Store, which provide incredible AR experiences for millions of people today.”
- Facebook parent Meta has invited a small group of ad execs to its first meeting on February 17 to lay out its metaverse pitch, Business Insider reported. Their unnamed sources said Meta has already begun directly pitching big advertisers on the metaverse, promising to help them establish a virtual presence for free in exchange for a minimum ad spend commitment.
- Asset manager Fidelity Investments filed an application for a Metaverse exchange-traded fund (ETF), aiming to track public companies with exposure to the blockchain-based network of three-dimensional, virtual realities. Their Fidelity Metaverse Index tracks “the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse,” according to the filing.
Regulation news
- A group of crypto financiers is launching a super political action committee (PAC) that aims to spend more than USD 20m to support congressional candidates ahead of the November US elections. According to Politico, the backers include a top executive at crypto exchange FTX, as well as SkyBridge Capital, the hedge fund led by former Donald Trump communications director Anthony Scaramucci. The group, dubbed GMI PAC, said it has already attracted USD 5.3m in contributions that it will use to back those “who work to give consumers and innovators the opportunity to build and use next-generation technologies and services here in America.”
- The US President Joe Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as bitcoin (BTC) and other cryptoassets as a matter of national security, Barron’s reported. The upcoming memorandum would task parts of the government with analyzing digital assets and assembling a regulatory framework that covers cryptos, stablecoins, and NFTs.
- The Russian government plans to have regulations for cryptoassets in place by the end of the year, according to a road map reviewed by the Russian news agency RBK. The roadmap suggests introducing know-your-customer (KYC) and anti-money laundering (AML) rules for crypto platforms, defining their regulatory status, mandating a supervisory body, and establishing penalties for those who don’t play by the rules.
Adoption…
Read More: cryptonews.com