Walmart appears to be entering the metaverse with plans to create its own cryptocurrency and collection of non-exchangeable tokens (NFTs). According to CNBC, the large retail chain filed several new brands late last month, a move that indicates its intention to manufacture and sell virtual goods such as electronics, home decor, toys, sportswear and personal care products. Walmart even said that it will offer users a virtual currency, as well as NFT. According to the US Patent and Trademark Office, Walmart filed the application on December 30. In total, seven separate applications have been submitted. “Walmart is extremely strong in…

Elon Musk and Jeff Bezos have been at the top of the informal race for the title of the richest man in the world for several months now. But as the two fight, Changpeng Zhao is increasingly gnawing at the distance from the 1st place, while he has already left behind the billionaires of the technology sector. The 44-year-old “CZ”, as he is otherwise known, is the founder and CEO of the Binance cryptocurrency exchange, which is one step closer to entering the promising and rich market of the United Arab Emirates. The net worth of the Canadian (Chinese-born) businessman…

The Bank of England will need the assistance of the G20 Financial Stability Board The Bank of England is calling for a regulation of the global cryptocurrency market. In particular, as the regulator acknowledged, it is not in a position to collect data on the activities of cryptocurrency companies. Therefore, the actions of banks in the organization of services for the trading and storage of cryptocurrencies are pushing towards the development of a regulatory framework for the protection of the financial system. The Bank of England will therefore need the assistance of the G20 Financial Stability Board. He explained that…