But this is not just a game - he is earning cryptocurrency to support his family in suburban Manila during the coronavirus pandemic

The company said it would invest 500 million rupees ($6.6 million) in the centre and hire more than 100 engineers with expertise in blockchain

“We’re making significant investments ... that will pay off in the long term,” she said, referring to the metaverse, and signalling a short-term slowdown

Roughly 100 countries are looking at CBDCs, the IMF estimates, as it published a study looking at six nations where digital money is already in place

Cryptocurrency influencer Carl Runefelt says Bitcoin will hit $100,000 this year, and rise as high as $500,000 in 2023.

Industry says tax will dent crypto trading volumes and drive small traders towards informal person-to-person trading and decentralised exchanges

The market is booming, the most popular pieces can sell for millions, but outsiders may wonder why anyone would pay anything at all

Apart from the pilot zones, 164 entities, including hospitals, universities and companies, were chosen to deploy and test the technology

The company said governments and private customers can instantly verify the provenance and authenticity of vaccines and other drugs

BSTX would initially trade securities, such as stocks or exchange-traded funds, but those securities would be tradable on rival bourses

While Bank of Japan has made no decision yet on own digital currency, it is proceeding with experiments and a plan to deliberate on specific designs of one, Governor Haruhiko Kuroda said

The financing - which brought the company's valuation to more than $8 billion - was co-led by D1 Capital Partners and Spark Capital