CRETA Launching Web3 Gaming Beta in the Philippines
Creta, a Web3 gaming platform, is gearing up to launch its beta version in the Philippines. Aiming to engage local gamers, it offers decentralized gaming experiences and free-to-play games targeting the country’s 50 million gamers. The beta release reflects Creta’s dedication to promoting blockchain gaming within the local ecosystem. (BitPinas)
Hong Kong’s Stablecoin Licensing Rules
Hong Kong has introduced a new regulatory framework for stablecoins, requiring issuers to obtain licenses. This move aims to enhance transparency and meet anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, positioning Hong Kong as a leader in digital asset regulation.(Cointelegraph)
Aethir Generates $36 Million in First-Year Revenue
Aethir, a decentralized platform for GPU networks, has successfully generated $36 million in its first year. The platform rents out GPU computing power, catering to industries requiring intensive computational tasks, and highlights a growing interest in decentralized computing networks. (TheBlock)
BlackRock’s Larry Fink Acknowledges Bitcoin’s Legitimacy
Larry Fink, CEO of BlackRock, recognizes Bitcoin as a legitimate financial instrument. This marks a significant shift in institutional acceptance of cryptocurrencies, with growing interest from BlackRock clients in digital assets and blockchain technologies. (Coindesk)
EU Blockchain Report on Practical Applications
The International Association for Trusted Blockchain Applications (INATBA) report highlights blockchain’s potential across sectors like supply chains, healthcare, and finance. It recommends actions to foster innovation and regulatory clarity to drive blockchain adoption in the EU. (Cointelegraph)
Meme Coins Outperform Altcoins in Market Surge
Meme coins like Pepe (PEPE) and Dogwifhat (WIF) have surged, outperforming traditional altcoins during a broader market recovery. These speculative tokens are attracting traders looking for high-risk, high-reward opportunities. (Beincrypto)
South Korea's Cryptocurrency Law in Full Effect
South Korea's new cryptocurrency law, the Virtual Asset User Protection Act, went into effect on July 18, 2024. This legislation requires crypto exchanges to adhere to stricter regulatory standards, promoting market security and transparency to protect investors. (TheBlock)
