Nanjing University of Information Science and Technology in Jiangsu Province has renamed its Department of Information Engineering to “Metaverse Engineering Department”. The dean of the renamed faculty, Pan Zhigeng, said the move will identify business needs and train metaverse experts for companies in the field. According to Zhigeng, the metaverse is now an integration of a wide range of technologies and applications, such as the Internet of Things, blockchain, artificial intelligence, and smart healthcare. Metaverse

The founder of Cardano said that the proposed US financial innovation law will allow leading cryptocurrencies to rise above all-time highs. Cardano developer Charles Hoskinson believes that if the bill gets the green light from the US government, then institutional investors will be able to invest huge amounts in cryptocurrency markets. This will help mitigate certain regulatory risks associated with investing in cryptocurrencies: “Since joining the crypto space, I have been through seven bear markets

Opera Software has announced that it plans to integrate Elrond’s blockchain services into its Opera Crypto Browser. The integration will allow 300 million Web3 browser users to directly access a set of decentralized applications (dApps) and other services through a wallet built into the browser. Elrond (EGLD) is a scalable blockchain network focused on dApps services, enterprise infrastructure, and the new internet economy. The developers call Elrond one of the fastest ecosystems currently. Opera users

The governor of the US state of Colorado confirmed that local residents have the opportunity to pay taxes and state fees using cryptocurrencies. This idea was first proposed by Jared Polis in May 2021. At the beginning of the year, the governor promised that Colorado residents would be able to pay taxes in cryptocurrencies from the summer, but it took more time to implement the initiative. When using digital currencies to settle with the tax

Spanish licensed trading platform EurocoinPay has teamed up with international payment service Mastercard to issue a cryptocurrency debit card. According to Mastercard CEO Michael Miebach, the card will help EurocoinPay users make purchases in more than 90 million stores worldwide. EurocoinPay believes that the decision is a step towards making cryptocurrencies useful for customers in any situation. EurocoinPay CEO Herminio Fernandez de Blas announced that an intermediate product such as a debit card is needed

The CEO and co-founder of Electric Capital, a self-described “collectible token enthusiast,” believes NFTs will bring billions of people into the crypto industry. According to Avichal Garg, NFTs, unlike any other tokens and cryptocurrencies, can be used in any activity. For example, in art, music or games. The businessman is especially positive about the use of collection tokens in game projects. “I can imagine that NFTs will attract many billions of people, because they have

A senior commodities analyst at Bloomberg’s analytics arm said that adoption and demand for bitcoin is on the rise. Mike McGlone is convinced that every market signal indicates that the value of bitcoin is growing. The expert compared the current fall in cryptocurrency quotes with the fall of the NASDAQ index in 2002 and subsequent stable growth over a long period of time. The analyst argues that Bitcoin will benefit from a “new chapter in

HSBC CEO Noel Quinn said he has a negative view of cryptocurrencies due to their excessive volatility, so the bank will not offer services related to digital assets. Noel Quinn has been a skeptic about cryptocurrencies before, and in a recent interview, he confirmed his position. Quinn said that as a banking giant, HSBC has no intention of providing crypto-currency services to customers and cooperating with exchanges. He considers digital assets unstable, especially against the

Bloomberg Intelligence stock strategist Mike McGlone noted that the transition of Ethereum to PoS will have a revolutionary impact not only on cryptocurrencies, but on the entire financial system. Mike McGlone, Senior Commodity Analyst at Bloomberg Research, said in an interview that Bitcoin and Ethereum would benefit from any activity in the cryptocurrency market. In his opinion, after the launch of The Merge update, a bullish trend will begin on the crypto market. “The Ethereum

Real Vision CEO Raul Pal said that the cryptocurrency markets have bottomed out, so traders should not be afraid of an even bigger drop, but should think about the future. Former Goldman Sachs CEO Raoul Pal believes that recession speculation on social media cannot claim to be true, because people are often focused on the current situation, and cryptocurrencies are about the future. According to Pal, it is likely that inflation will turn negative in