Features Crypto News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage It has only been a year since metaverse blew up, attracting people from in and out of the crypto industry . This new technology has captivated individuals, companies, organizations, and even entire governments. The latest example of this comes from the UAE, as the country just saw the launch of the metaverse city . The project is backed by the authorities, and it is conducted by the Artificial Intelligence ecosystem Multiverse Labs. With its first metaverse city now operational, the United Arab Emirates hopes to use it to enhance the local tourism industry and become one of the leaders in metaverse development. What will the metaverse city offer? According to Multiverse Labs’ announcement, the metaverse city will be known as Sharjahverse, and it will act as a physics-accurate, photorealistic metaverse. It encompasses a surface area of 1,000 square miles, and it will support the country’s touris...

The new crypto sanctions imposed by the European Union are likely to spur the development of the country’s digital asset market, according to a Russian lawmaker. Anatoly Aksakov, who chairs the parliamentary Financial Market Committee, believes Russians will manage to bypass the restrictions. Meanwhile, major exchanges have reportedly informed Russian users that trading continues. Russians Find Ways to Circumvent Mounting European Crypto Sanctions, Duma Member Insists This week, the EU adopted its eighth package of penalties against Russia, meant to hit its government, economy, and energy exports in response to the recent escalation of the military conflict in Ukraine and the annexation of Ukrainian territories. Russian access to cryptocurrency, viewed as a tool to circumvent financial restrictions and export wealth, was also targeted. Anatoly Aksakov The Council of the European Union completely banned the provision of crypto wallet , account, and custody services to Russian ...