WEB3 news - Crypto, DeFi, NFT, Metaverse, Blockchain & Tax.

City of Tokyo released a 3D digital twin of the entire city in high resolution point cloud, free to download. It’s an inevitable trend that more and more cities, houses, and factories will be transported into simulations. Robots will not be trained in isolation. They will be simulated as an “iron fleet”, deployed in real-time graphics engines, and scaled across a huge cluster to produce the next trillions of high quality training tokens. The majority of embodied agents will be born in sim, and transferred zero-shot to our real world when they are ready. They will share a “hive mind” that sends latent embeddings back and forth to coordinate a multi-agent physical task. Fun fact: NVIDIA’s Santa Clara Headquarter buildings are designed and rendered in Omniverse, a GPU-accelerated graphics platform, before materializing in atoms. Tokyo digital twin: https://lnkd.in/gVrxfmBN

Introducing AE Coin: The UAE's First Fully Licensed Stablecoin We are thrilled to announce that AE Coin, the UAE's first-ever stablecoin, has officially received its license from the Central Bank of the UAE (CBUAE). This landmark achievement marks a new era in the UAE's journey toward financial innovation and digital transformation. AE Coin is a stable coin pegged to the UAE dirham, ensuring stability and reliability while leveraging blockchain technology. It’s designed to revolutionise how businesses and individuals transact, making payments faster, more secure, and more cost-effective. - Fully licensed by the CBUAE, ensuring regulatory compliance and transparency.  - A step forward in the UAE’s vision to lead in financial innovation and technology.  - Bridges traditional and digital finance, empowering businesses and consumers. Stablecoins like AE Coin play a crucial role in the future of global finance by enabling seamless digital transactions while mitigating the volatility associated with cryptocurrencies. This initiative also supports the UAE’s ambition to position itself as a global leader in blockchain and digital currencies.  #AEcoin #UAE #Stablecoin #Blockchain #FinancialInnovation #DigitalTransformation  https://lnkd.in/dqjir6jS

As I commented last week, the momentum of #Bitcoin is still strong, and I am not surprised that we hit 102k today. #Bitcoin's open interest is at a record high, and politicians are also contributing to the joyous frenzy. Trump's nomination of Paul Atkins to head the Securities and Exchange Commission (SEC) is seen as a move towards a more favorable regulatory environment for cryptocurrencies. Atkins, known for his pro-crypto views, replaces Gary Gensler, who had a less favorable approach towards the crypto industry. The BTC ETFs have been a game changer that increased the crypto liquidity considerably. It is easier to buy BTC today than it was two years ago, but it is also very easy to run for the exit if needed. I am curious to see how BTC will perform during market turbulence. #Investing #Markets #Economy #InterestRates #sourcing #VentureCapital #portfoliomanagement

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Trump Media & Technology Group, the company behind Truth Social, is reportedly in advanced discussions to acquire cryptocurrency trading platform Bakkt in an all-stock deal. The acquisition would mark a significant expansion beyond social media for the company, which is led by former President Donald Trump. Bakkt, which is owned by Intercontinental Exchange, has a current market capitalization of approximately $150 million. Details of the deal's valuation have not yet been confirmed. (Source: Financial Times) #trump #cryptonews

🚀 Exciting news from RippleX! The XRPL has officially launched its "Price Oracle" feature, as outlined in the XLS-47 specification. This innovative addition enables the XRP Ledger to store and access pricing data for asset pairs outside its ecosystem. "The #XRPL oracle pricing amendment is live! Now integrating @BandProtocol & @DIAdata_org , XRPL's native oracles provide secure, real-time data for key DeFi features like the AMM and lending protocols. This marks a major leap forward for institutional-grade DeFi: https://lnkd.in/ePQWRKQz" #cryptonews #defi #crypto

FTX's Alameda Research Takes Legal Action Against KuCoin for $50 Million Alameda Research, a subsidiary of the defunct FTX exchange, has initiated legal proceedings against KuCoin Exchange to recover over $50 million in assets that have been frozen. The lawsuit was filed in the US Bankruptcy Court for the District of Delaware on Monday. This situation arose when KuCoin froze the assets after FTX's collapse in November 2022, at which time their value was around $28 million. However, due to market fluctuations, their current value has risen significantly. Alameda contends that these assets are part of the FTX estate and are designated for creditor repayments. The firm claims in its filing that KuCoin has unjustifiably refused to release the funds despite repeated requests. The lawsuit asserts that KuCoin’s actions violate bankruptcy laws, and Alameda is seeking not only the return of the funds but also damages for the delays. KuCoin has not yet responded to these #web3news #crypto #fintech

We’ve just released our latest State of Crypto report. It shares insights on key trends — like stablecoins, L2s, and AI — plus, crypto’s rise as a hot policy issue, new data on builders and users, and much more. Here are 7 top takeaways ⬇️ 1. Crypto activity and usage hit all-time highs 2. Crypto has become a key political issue ahead of the U.S. election 3. Stablecoins have found product-market fit 4. Major scaling upgrades have drastically reduced onchain transaction costs 5. DeFi remains popular — and it’s growing 6. Crypto could solve some of AI’s most pressing challenges 7. More scalable infrastructure has unlocked new onchain applications Check out the full report: https://lnkd.in/gdyBPEEp

Thailand's prime minister reveals cash component in $13B Digital Wallet scheme Thailand's Prime Minister Paetongtarn Shinawatra announced a significant shift in the government's flagship $13.1 billion digital wallet initiative. On Tuesday, she confirmed that a portion of the planned 450-billion-baht handout will now be distributed in cash, a departure from the original plan of providing 10,000 baht in digital credits to 50 million citizens through a smartphone app. Details on the cash allocation are still being finalized and will be disclosed in a forthcoming policy statement to parliament. This adjustment comes as the new Prime Minister, elected just two weeks ago, seeks to navigate fiscal uncertainties and implement the Pheu Thai Party's key election promise. The program aims to invigorate Thailand's economy, which grew by 2.3% in the last quarter but faces challenges due to policy unpredictability. The central bank projects a 2.6% growth rate for this year, up from last year's 1.9%, but the scheme's financial implications have faced scrutiny from economists and former central bank governors. Despite concerns over fiscal responsibility, government officials assure that the plan will adhere to fiscal discipline. source: Reuters #web3news #cryptonews #defi

DWS Group to launch Germany's first regulated #Euro #stablecoin European fund giant DWS is set to launch Germany's first regulated cryptocurrency next year, its CEO Stefan Hoops told Reuters. The company aims to capitalize on the growing interest in digital assets and position itself as a leader in the emerging European stablecoin market. DWS, a subsidiary of Deutsche Bank, plans to introduce a euro-denominated stablecoin regulated by Germany's BaFin watchdog in 2025. The company has established a new entity, AllUnity, in partnership with Flow Traders and Galaxy, specifically for this venture. "In the short term, we expect demand from investors in digital assets, but by the medium term, we expect wider demand, for instance, from industrial companies working with 'internet of things' continuous payments," Hoops mentioned. #cryptonews #web3news #fintechnews More information: https://lnkd.in/enrTDDAn