Issue 372 · Jul 14, 2022 Weekly edition · 3 min read

Issue #372 - Jewels & Cars: That's What They Have In Common

You’re about to discover a new world in ten articles. Well, in reality, you’re about to discover how different businesses are dealing with the pros – and cons – of financial technology and its stars. Our weekly

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Car giant Hyundai unveils Metaverse plans with NFTs and virtual products

The South Korean company Hyundai wants to join the metaverse and NFT market. As tweeted by Mike Kondoulis, the company has filed a US application to be able to safely sell virtual products and create NFT-backed content.

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In this issue · 9 items

Ripple Secures Partnership To Launch New NFT Marketplace on the XRP Ledger The Daily Hodl — The New Jersey-based Web 3.0 exchange CrossTower is partnering with Ripple to facilitate the exchange of NFTs. The company behind the popular cryptocurrency XRP wants to use the CrossTower marketplace, which allows creators and developers to join an intuitive platform to exchange their tokens. Open story ↗ Ofwat opens £4m competition calling for ideas from fintech innovators to transform water services Finextra — Fintech firms can have a pivotal role in the services sector: this is the idea behind the Ofwat's innovation fund. Ofwat is the regulator of water services in England and Wales, and it has just opened a £4M competition for those fintech companies that can find innovative solutions to favor inclusion, provide better services to people and address climate issues. Open story ↗ Elon Musk notifies Twitter he is terminating deal CNBC — Elon Musk doesn't want to buy Twitter: according to the lawyers of the popular billionaire, the company didn't comply with some terms of the agreement. Despite this, Twitter doesn't give up and plans legal actions against Musk. Open story ↗ Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment Bitcoin.com — The British luxury brand, Graff, has sued its insurance company, The Travelers Companies, for refusing to cover a ransom payment in Bitcoin. Graff was attacked by a Russian hacking group, Conti. Open story ↗ Bank of Spain includes Binance in its crypto registry Reuters — Spain is now among the countries that accepted Binance and added the crypto company in their crypto registries. But as the European Union prepares a new regulatory framework for cryptocurrencies, France may change its mind. Open story ↗ AI will help realize the true vision the Metaverse hopes to achieve CoinTelegraph — Ben Goertzel, founder of the SingularityNET Foundation, shares his thoughts about the Metaverse. Despite the digital reality is one of the most discussed topics, Goertzel affirms that many of the projects created so far only involve gaming. We're far from enjoying all the advantages of the Metaverse, but AI can help us. Open story ↗ DeFi Lender Teller Hits NFT Market With ‘Buy Now, Pay Later’ Service BeInCrypto — Teller, the DeFi lender, launches a new buy now, pay later (BNPL) service, but for NFTs. Open story ↗ Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms Bloomberg — Mt. Gox's creditors may finally recover their funds. The Japanese Mt. Gox was the largest Bitcoin exchange, but it went offline in 2014 after the largest bitcoin hack in the crypto history. Will this further affect Bitcoin? Open story ↗ Revolut Teams With Stripe to Power International Growth PYMNTS — The UK-based fintech Revolut partners with another popular fintech company, Stripe. This partnership should lead to further expansion across the world and more services for customers. Open story ↗

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Car giant Hyundai unveils Metaverse plans with NFTs and virtual products

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