Daily Archives: 30/11/2021

Federal Reserve Bank of New York and BIS opened a center for creating and testing digital assets

The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have opened an innovation center to create and test new financial technologies. According to the press release, the New York Innovation Center (NYIC) will focus on the development of new financial technologies, including digital currencies of the Central Bank and stablecoins. NYIC is the result of a strategic partnership between the New York Fed and the Bank for International Settlements (BIS)…

Grayscale: Metaverse  Will Reach $ 1 Trillion In A Few Years

Grayscale estimates that the metaverse will reach $ 1 trillion in annual revenues over the next few years, and the sector will compete strongly with Web 2.0. Grayscale has published a report entitled “The Metaverse, Web 3.0 Virtual Cloud Economies”. The researchers emphasized that metaverse platforms that integrate cryptocurrencies, as well as decentralized finance (DeFi), non-fungible tokens (NFT) and decentralized cloud storage, are attracting more and more users looking for new experiences. After analyzing the…