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  • Writer's pictureAnthony Holman

Rapid Fire News

1. Dubai aims to become one of the world’s top 10 metaverse economies.

The UAE official news agency WAM reports that the newly launched Dubai Metaverse

The strategy calls for attracting more than 1,000 companies in the fields of blockchain and

the metaverse, and promotes Dubai’s ambitions to support more than 40,000 virtual

jobs by 2030.

Prime Minister and Ruler of Dubai, Sheikh Hamdan said, “Dubai is

making great strides in enhancing its position as a global testbed for the metaverse


2. The FBI and Justice Department seized $500,000 in ransom payments and

cryptocurrency from North Korean Hackers.

Deputy Attorney General Lisa O. Monaco announced the news during her keynote

address at the International Conference on Cyber Security (ICCS) on Tuesday.

Monaco said in her speech, “the FBI and Justice Department prosecutors have disrupted the

activities of a North Korean state-sponsored group deploying ransomware known as

“Maui”... [which] targeted U.S. medical facilities and another public health sector


3. Cryptocurrency exchange secures regulatory approval in Italy.

The company announced its approval from the Organismo Agenti e Mediatori (OAM) in

Italy to be a registered digital asset service provider for Italian customers. Kris

Marszalek, Co-Founder and CEO of said, “We are excited to receive this

registration in Italy and view it as a major step forward for”

4. Vladimir Putin signs a law banning digital payments across Russia.

The bill was originally approved by the Russian assembly, known as the Duma, on July

8th. According to a coindesk report, the bill “bans the use of digital securities and utility

tokens as a means of payment for goods, services, and products in Russia”.

5. GameStop’s NFT marketplace opened with $7.2 million in weekly sales

volume .

On its opening day, the NFT marketplace had a trading volume of around $2.7 million,

with daily sales steadily decreasing since the launch.

GameStop is outperforming its

competitor Coinbase, has processed just $2.8 million in sales since it launched its

NFT marketplace in early May.

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