crypto news updates

BY NEWSDESK8

Brown Rice
Brown Rice

ETH can be both a commodity and a security, the former commissioner claimed!

NEWS

The former commissioner of the US Commodities Futures Trading Commission(CFTC) claimed that Ethereum’s native Ether token may be both a commodity and a security. Speaking on the 23rd May episode of Laura Shin's Unchained podcast, Dan Berkowitz, former general counsel of the Securities and Exchange Commission, said that it is legally possible to be under the jurisdiction of both regulatory agencies Ether.

Wavy Line

China has launched the Metaverse Technology and Application Innovation Platform across the country!

NEWS

Nanjing, the capital city of China's eastern Jiangsu province, on 22nd May, inaugurated the China Metaverse Technology and Application Innovation Platform to advance and encourage Metaverse research and development across the country. According to an declared on NUIST’s (Nanjing University of Information Science and Technology) official social media account, the platform consists of founding members representing various academic institutions and metaverse-related companies across the mainland.

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Foresight Ventures announced that it will commit an additional $10 million to the Foresight X Accelerator!

NEWS

On 24th May, Singaporean VC (venture capital) firm Foresight Ventures announced that it would commit an additional $10M to its Foresight X accelerator, bringing its total to $20M. The move comes as the firm launches its second phase of accelerator applications, which will focus on zero-knowledge (ZK), artificial intelligence (AI), bitcoin, machine learning, liquid staking derivatives, and Web3 projects in the nonfungible token ecosystem.

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