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The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The IMF released its report on Feb. 23.Working between July and September 2022, the IMF gave the country’s existing retail payment market a largely positive review, calling it well integrated. Two non-bank payment service providers (PSPs) have “generally accessible and appropriate product” and the country has high smartphone…

NFT Recent data from the community-based open-source data provider Dune Analytics shows that 13,600 wallets canceled their orders on the OpenSea NFT marketplace in the past week. Popular opinion attributes this development to actions related to a migration of users from OpenSea to another NFT marketplace, Blur. A total of 13.6k wallet addresses canceled their OpenSea orders in the past week due to Blur’s loyalty program, which is almost 5-6 times the historical average. According to @andrewhong5297 Dune. https://t.co/DWP0jFZ7TD pic.twitter.com/mSZJcfcfrL — Wu Blockchain (@WuBlockchain) February 26, 2023 The Blur NFT trading platform rewarded AirDrop participants on February 14, 2023. The…

NFT Cardano’s NFT project, Clay Nation, is set to make history as the first Cardano project to be integrated into The Sandbox Game. It believes that the move will help promote Web3 interoperability. Enter The Sandbox ????Clay Nation will become the first @Cardano project to be integrated in @TheSandboxGame – pushing interoperability even further in #Web3The experience will be created in collaboration with @smoblerstudios.Stay tuned for more. pic.twitter.com/kzdSsUyKpW — Clay Nation (@claymates) February 25, 2023 The Sandbox is a virtual world where players can build, own and monetize their gaming experiences on the Ethereum blockchain, and it has the native…

The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national boundaries. On the ground, however, as crypto has become a more significant player in the financial system, nations have begun to consider issues of sovereignty and regulation. While many countries have so far remained open to crypto, others have restricted its use or outright banned it. The same reason that some have advocated for crypto and blockchain technology — as a means of revolutionizing the international financial system — has alarmed plenty…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The backlash from the Terra implosion still haunts the crypto world, with the now-shuttered stablecoin yield platform Stablegains being sued for customer losses. The plaintiffs allege that the platform funnelled customer funds into Anchor Protocol without users’ knowledge or consent.Platypus, the DeFi protocol that was exploited for over $8 million, is working on a compensation plan to recover some of the funds. Florida’s Cogent Bank is proposing a $100 million participation in loans to MakerDAO’s…

DraftKings, the popular online sports betting and fantasy sports platform, is set to revolutionize the world of fantasy sports with Reignmakers PGA Tour, an NFT-based fantasy golf game. The Polygon-based game, created in partnership with the PGA Tour, promises to add an exciting new layer of gameplay to fantasy sports by allowing players to collect and trade NFTs representing their favorite golfers.Using NFTs on the Reignmakers PGA Tour adds a new level of strategy and decision-making. Players must now consider the real-world skills of the golfers they select, as well as their interoperability with the attributes of their NFTs. With…

The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies.In a Feb. 24 publication, the FATF says the plenary for the financial watchdog — consisting of delegates from more than 200 jurisdictions — met in Paris and reached a consensus on a roadmap aimed at strengthening the “implementation of FATF Standards on virtual assets and virtual asset service providers.” The task force says that in 2024, it will report on how FATF members have moved forward on implementing the crypto…

A Colombian court recently hosted its first legal trial in the Metaverse, with the court magistrate saying it felt “more real than a video call,” according to a recent report.According to a Reuters report published on Feb. 24, Colombia’s Magdalena Administrative Court held a court case in the Metaverse on Feb. 15, involving participants in a traffic dispute.The case, which went on for two-hours, was brought by a regional transport union against the police, which will progress “partly” in the metaverse, with a potential for the verdict to also be given in the metaverse.The participants appeared as avatars in a…

Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three U.S. financial watchdogs recently issued stern warnings to individuals looking to invest in retirement funds offering exposure to digital assets.The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy, the North American Securities Administrators Association and the Financial Industry Regulatory Authority (FINRA) warned investors that individual retirement accounts (IRAs) that include cryptocurrencies could potentially be classified as “securities,” unless they are registered with the SEC…

The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter. The IMF’s executive board recently endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability.The best #Bitcoin promotion. https://t.co/vwW6YdzBhJ— Dennis Parker (@Xentagz) February 23, 2023 From expressing their support for Bitcoin (BTC) to comparing the situation to other technological advancements, various community members fired back at…