Bitcoin Halving to Test Mining Efficiency, Executives Warn
Cryptopolitan (RSS)
As the Bitcoin halving approaches, industry executives anticipate significant challenges for smaller and less efficient miners, while well-established players are poised to weather the storm with operational efficiency and capital access.
Impact on profitability and network fees
In less than a month, Bitcoin miners will experience a reduction in block rewards, expected to substantially dent profitability and income. This looming reality has prompted major mining firms to prepare for the impending halving, which is set to test the resilience of various players in the market.
According to Adam Swick, Chief Growth Officer at Marathon Digital, the halving will serve as a litmus test, separating the efficient and well-funded mining entities from the rest. Larger firms with robust operational structures and ample access t...
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Cryptopolitan (RSS)
As the Bitcoin halving approaches, industry executives anticipate significant challenges for smaller and less efficient miners, while well-established players are poised to weather the storm with operational efficiency and capital access.
Impact on profitability and network fees
In less than a month, Bitcoin miners will experience a reduction in block rewards, expected to substantially dent profitability and income. This looming reality has prompted major mining firms to prepare for the impending halving, which is set to test the resilience of various players in the market.
According to Adam Swick, Chief Growth Officer at Marathon Digital, the halving will serve as a litmus test, separating the efficient and well-funded mining entities from the rest. Larger firms with robust operational structures and ample access t...
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Terraform Labs’ Do Kwon to be released from Montenegro prison, remains under legal scrutiny
Cryptopolitan (RSS)
Do Kwon, the co-founder of Terraform Labs, is set for release from Spuž prison in Montenegro, with strict conditions preventing his departure from the country. Following a court order, Kwon’s passport was confiscated, a measure aimed at ensuring he stayed within Montenegrin jurisdiction. This development is part of the ongoing legal proceedings against Kwon, who faces charges in multiple countries related to his role in the cryptocurrency market.
Montenegro’s High Court made the decision to release Kwon but restrict his movement, citing the need to keep him accessible for legal actions. Kwon’s legal troubles stem from the 2022 collapse of Terraform Labs’ digital currencies, Terra and Luna, which resulted in over $40 billion in market value disappearing almost overnight. This financial debacle has led to investigations by both South Korean and U.S. authorities, who accuse Kwo...
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Cryptopolitan (RSS)
Do Kwon, the co-founder of Terraform Labs, is set for release from Spuž prison in Montenegro, with strict conditions preventing his departure from the country. Following a court order, Kwon’s passport was confiscated, a measure aimed at ensuring he stayed within Montenegrin jurisdiction. This development is part of the ongoing legal proceedings against Kwon, who faces charges in multiple countries related to his role in the cryptocurrency market.
Montenegro’s High Court made the decision to release Kwon but restrict his movement, citing the need to keep him accessible for legal actions. Kwon’s legal troubles stem from the 2022 collapse of Terraform Labs’ digital currencies, Terra and Luna, which resulted in over $40 billion in market value disappearing almost overnight. This financial debacle has led to investigations by both South Korean and U.S. authorities, who accuse Kwo...
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Venture capital firm’s general counsel lambasts SEC over crypto regulation
Cryptopolitan (RSS)
In a scathing critique of the United States Securities and Exchange Commission (SEC), Miles Jennings, General Counsel at a16z Crypto, one of the world’s largest venture capital firms, has launched a blistering attack on the agency’s handling of crypto regulation. The lawyer targeted the SEC’s crypto enforcement division, labeling its lawyers “incompetent” and “complicit in the ongoing abuses of power.”
DebtBox case fallout and mounting pressure
Jennings’ criticism comes in the wake of the SEC’s failed lawsuit against DebtBox, a blockchain firm accused of fraud leading to a loss of over $49 million for investors. The regulator alleged that DebtBox had falsely marketed node licenses for cryptocurrency mining to investors, ultimately leading to no mining activities.
However, Debt...
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Cryptopolitan (RSS)
In a scathing critique of the United States Securities and Exchange Commission (SEC), Miles Jennings, General Counsel at a16z Crypto, one of the world’s largest venture capital firms, has launched a blistering attack on the agency’s handling of crypto regulation. The lawyer targeted the SEC’s crypto enforcement division, labeling its lawyers “incompetent” and “complicit in the ongoing abuses of power.”
DebtBox case fallout and mounting pressure
Jennings’ criticism comes in the wake of the SEC’s failed lawsuit against DebtBox, a blockchain firm accused of fraud leading to a loss of over $49 million for investors. The regulator alleged that DebtBox had falsely marketed node licenses for cryptocurrency mining to investors, ultimately leading to no mining activities.
However, Debt...
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KuCoin becomes India’s first FIU-compliant global crypto exchange
Cryptopolitan (RSS)
Taking us all by surprise, KuCoin has been named the first-ever global cryptocurrency platform to meet the strict compliance standards set by the Financial Intelligence Unit—India (FIU-IND). This regulatory body, a very powerful arm of the Department of Revenue within the Indian Government, is tasked with gathering financial intelligence related to offenses under the Prevention of Money Laundering Act (PMLA) of 2002.
Why the FIU Matters
Operating since November 2004, the FIU-IND is at the top of India’s efforts to combat financial crimes, reporting directly to the Economic Intelligence Council led by the Finance Minister. The primary functions of the FIU-IND includes a wide range of activities directed at preventing money laundering and assoc...
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Cryptopolitan (RSS)
Taking us all by surprise, KuCoin has been named the first-ever global cryptocurrency platform to meet the strict compliance standards set by the Financial Intelligence Unit—India (FIU-IND). This regulatory body, a very powerful arm of the Department of Revenue within the Indian Government, is tasked with gathering financial intelligence related to offenses under the Prevention of Money Laundering Act (PMLA) of 2002.
Why the FIU Matters
Operating since November 2004, the FIU-IND is at the top of India’s efforts to combat financial crimes, reporting directly to the Economic Intelligence Council led by the Finance Minister. The primary functions of the FIU-IND includes a wide range of activities directed at preventing money laundering and assoc...
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Former Three Arrows Capital co-founder sparks controversy amid bankruptcy fallout
Cryptopolitan (RSS)
Adam Davies, the co-founder of the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC), continues to stir controversy following the fund’s collapse. In a recent episode of the Unchained podcast on March 19, Davies reiterated his lack of remorse for his involvement in the collapse, which has left the fund facing $3.3 billion in creditors’ claims.
Davies, a Singaporean national, defiantly stated, “Am I sorry for a company going bankrupt? No. Like, companies go bankrupt all the time.” Despite facing a Singaporean arrest warrant for contempt of court, Davies has made it clear that he has no intention of returning to the city-state to face jail time. He claims to be “bouncing around between Europe and Asia,” evading legal repercussions.
Failed ventures mark troubled history
Davies’ entrepreneurial v...
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Cryptopolitan (RSS)
Adam Davies, the co-founder of the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC), continues to stir controversy following the fund’s collapse. In a recent episode of the Unchained podcast on March 19, Davies reiterated his lack of remorse for his involvement in the collapse, which has left the fund facing $3.3 billion in creditors’ claims.
Davies, a Singaporean national, defiantly stated, “Am I sorry for a company going bankrupt? No. Like, companies go bankrupt all the time.” Despite facing a Singaporean arrest warrant for contempt of court, Davies has made it clear that he has no intention of returning to the city-state to face jail time. He claims to be “bouncing around between Europe and Asia,” evading legal repercussions.
Failed ventures mark troubled history
Davies’ entrepreneurial v...
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Apple Shuts In-House Making of Watch Displays After Previous AI Prioritization
CoinGape (RSS)
Apple has decided to shut down plans for the in-house manufacturing of smartwatch displays. According to a Bloomberg report, the tech giant has also decided to go for some job cuts due to this change in operational plans. Apple’s move comes right after it had previously closed its EV segment to focus more on AI.
Apple to Stop Creating Its Own Wearable Display
Bloomberg highlights that Apple is ending another costly R&D project by bringing a stop to a protracted attempt to design and create its in-house wearable displays. The report claims that the corporation has discontinued an internal initiative to produce panels with microLED technology in recent weeks. The displays, which had mo...
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CoinGape (RSS)
Apple has decided to shut down plans for the in-house manufacturing of smartwatch displays. According to a Bloomberg report, the tech giant has also decided to go for some job cuts due to this change in operational plans. Apple’s move comes right after it had previously closed its EV segment to focus more on AI.
Apple to Stop Creating Its Own Wearable Display
Bloomberg highlights that Apple is ending another costly R&D project by bringing a stop to a protracted attempt to design and create its in-house wearable displays. The report claims that the corporation has discontinued an internal initiative to produce panels with microLED technology in recent weeks. The displays, which had mo...
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Breaking: Optimism (OP) Launches Superchain Developer Console
CoinGape (RSS)
With developers in mind, Layer-2 protocol Optimism (OP) has introduced the Superchain Developer Console, for easy building of decentralized applications.
Optimism Console To Facilitate DApp Development
On Friday, Optimism took to the X app to announce the launch of the new platform. According to the announcement, the Superchain provides a conducive environment for app developers to build and scale their businesses. Amongst the perks of leveraging the Optimism Console platform is the fact that it provides a super-mega-easy strategy to accelerate development and lower overhead costs.
The new Optimism Console will provide developers with several perks including access to testnet faucets, and customized app/UX feedback which would help get apps ready for final launch. For the testnet Superchain ...
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CoinGape (RSS)
With developers in mind, Layer-2 protocol Optimism (OP) has introduced the Superchain Developer Console, for easy building of decentralized applications.
Optimism Console To Facilitate DApp Development
On Friday, Optimism took to the X app to announce the launch of the new platform. According to the announcement, the Superchain provides a conducive environment for app developers to build and scale their businesses. Amongst the perks of leveraging the Optimism Console platform is the fact that it provides a super-mega-easy strategy to accelerate development and lower overhead costs.
The new Optimism Console will provide developers with several perks including access to testnet faucets, and customized app/UX feedback which would help get apps ready for final launch. For the testnet Superchain ...
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Top Memecoins Record Liquidations Following Wider Market Outflow
CoinGape (RSS)
The crypto market has witnessed slight liquidations after posting slight gains on the back of the Federal Open Market Committee’s (FOMC) meeting. These liquidations were seen in Bitcoin (BTC), Ethereum (ETH) and memecoin has investor confidence weakened in the last 24 hours.
The memecoin market plunged 4% with a total capitalization of $53.4 billion and a trading volume of $8.3 billion although large gainers were recorded as users flocked around certain tokens.
Market leader by market cap Dogecoin (DOGE) slumped 0.5% with trading volumes of $3.1 billion. The asset showed slight momentum in the last two days but still trades at weekly losses of 9.2%.
Shiba Inu (SHIB) recorded larger outflows with 1.8% losses yesterday and 12...
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CoinGape (RSS)
The crypto market has witnessed slight liquidations after posting slight gains on the back of the Federal Open Market Committee’s (FOMC) meeting. These liquidations were seen in Bitcoin (BTC), Ethereum (ETH) and memecoin has investor confidence weakened in the last 24 hours.
The memecoin market plunged 4% with a total capitalization of $53.4 billion and a trading volume of $8.3 billion although large gainers were recorded as users flocked around certain tokens.
Market leader by market cap Dogecoin (DOGE) slumped 0.5% with trading volumes of $3.1 billion. The asset showed slight momentum in the last two days but still trades at weekly losses of 9.2%.
Shiba Inu (SHIB) recorded larger outflows with 1.8% losses yesterday and 12...
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Bankers Are Lining Up Buyers for FTX’s 8% Stake in AI Startup Anthropic: Report
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
FTX’s slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
FTX’s slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources.
Estonia advances cryptocurrency regulation bill amidst growing industry concerns
Cryptopolitan (RSS)
The government has approved a bill to regulate cryptocurrency service providers, a significant development for Estonia’s cryptocurrency landscape. This decision marks a crucial step towards comprehensive oversight of the burgeoning crypto sector within the country. However, the bill’s journey to becoming law hinges on a successful parliamentary vote.
Supervision by the Financial Supervision Authority (FSA)
Under the proposed legislation, cryptocurrency service providers would fall under the supervision of the Financial Supervision Authority (FSA), a move designed to bolster regulatory oversight and enhance accountability within the industry. Currently, these providers operate under the purview of the Financial Intelligence Unit (FIU) and must adhere to Anti-Money Laundering (AML) regulations.
If ...
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Cryptopolitan (RSS)
The government has approved a bill to regulate cryptocurrency service providers, a significant development for Estonia’s cryptocurrency landscape. This decision marks a crucial step towards comprehensive oversight of the burgeoning crypto sector within the country. However, the bill’s journey to becoming law hinges on a successful parliamentary vote.
Supervision by the Financial Supervision Authority (FSA)
Under the proposed legislation, cryptocurrency service providers would fall under the supervision of the Financial Supervision Authority (FSA), a move designed to bolster regulatory oversight and enhance accountability within the industry. Currently, these providers operate under the purview of the Financial Intelligence Unit (FIU) and must adhere to Anti-Money Laundering (AML) regulations.
If ...
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Bitcoin slides amid stronger U.S. dollar: Altcoins show mixed performance
Cryptopolitan (RSS)
Bitcoin experienced a 5% decline on Thursday, dipping to $64,600 from its earlier position above $68,000. The drop followed a surge on Wednesday, prompted by a dovish stance from the Federal Reserve. Concurrently, the CoinDesk 20 Index (CD20) also saw a 3.5% decline from its peak, with altcoins generally outperforming bitcoin throughout the day.
Altcoins rise while Bitcoin falters
Despite Bitcoin’s retracement, certain altcoins exhibited notable gains. Ripple’s XRP, Filecoin’s FIL, and Internet Computer’s ICP advanced 6% to 7% over 24 hours. Conversely, native tokens of layer 1 networks such as Solana (SOL), Avalanche (AVAX), and Aptos (APT) experienced losses ranging from 2% to 3%.
The res...
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Cryptopolitan (RSS)
Bitcoin experienced a 5% decline on Thursday, dipping to $64,600 from its earlier position above $68,000. The drop followed a surge on Wednesday, prompted by a dovish stance from the Federal Reserve. Concurrently, the CoinDesk 20 Index (CD20) also saw a 3.5% decline from its peak, with altcoins generally outperforming bitcoin throughout the day.
Altcoins rise while Bitcoin falters
Despite Bitcoin’s retracement, certain altcoins exhibited notable gains. Ripple’s XRP, Filecoin’s FIL, and Internet Computer’s ICP advanced 6% to 7% over 24 hours. Conversely, native tokens of layer 1 networks such as Solana (SOL), Avalanche (AVAX), and Aptos (APT) experienced losses ranging from 2% to 3%.
The res...
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SEC Chairman emphasizes the need for crypto regulation
Cryptopolitan (RSS)
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently delivered a speech emphasizing the importance of securities disclosures for the public good, particularly highlighting concerns within the crypto industry regarding noncompliance with registration requirements. The SEC Chairman’s remarks, made during an event at Columbia Law School, underscored the regulatory challenges posed by digital asset businesses that seek to operate outside the SEC’s disclosure regime.
SEC Chairman doubles down on the need for crypto regulation
One of the key points raised by the SEC Chairman was the issue of certain participants in crypto securities markets attempting to avoid registration requirements, which are essential for ensuring mandatory disclosure to investors. This lack of registration, according to Gensler, results in a lack of ...
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Cryptopolitan (RSS)
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently delivered a speech emphasizing the importance of securities disclosures for the public good, particularly highlighting concerns within the crypto industry regarding noncompliance with registration requirements. The SEC Chairman’s remarks, made during an event at Columbia Law School, underscored the regulatory challenges posed by digital asset businesses that seek to operate outside the SEC’s disclosure regime.
SEC Chairman doubles down on the need for crypto regulation
One of the key points raised by the SEC Chairman was the issue of certain participants in crypto securities markets attempting to avoid registration requirements, which are essential for ensuring mandatory disclosure to investors. This lack of registration, according to Gensler, results in a lack of ...
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WisdomTree granted NY charter to offer crypto custody and stablecoin services
Cryptopolitan (RSS)
WisdomTree, the global asset management company, has received a charter from the New York State Department of Financial Services (NYDFS) to provide crypto-related services, according to a recent statement.
This charter enables WisdomTree to operate as a limited-purpose trust company under New York Banking Law, subject to enhanced regulatory supervision. The authorization allows WisdomTree to engage in the fiduciary custody of digital assets, including offering digital wallet services, and to issue and exchange approved stablecoins. This development will lead to the establishment of WisdomTree Digital Trust Company, LLC.
With the NYDFS’s approval, WisdomTree is poised to introduce WisdomTree Prime, a personal finance app targeting New York retail customers. The app aims to offer accessible exposure to digital assets, includi...
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Cryptopolitan (RSS)
WisdomTree, the global asset management company, has received a charter from the New York State Department of Financial Services (NYDFS) to provide crypto-related services, according to a recent statement.
This charter enables WisdomTree to operate as a limited-purpose trust company under New York Banking Law, subject to enhanced regulatory supervision. The authorization allows WisdomTree to engage in the fiduciary custody of digital assets, including offering digital wallet services, and to issue and exchange approved stablecoins. This development will lead to the establishment of WisdomTree Digital Trust Company, LLC.
With the NYDFS’s approval, WisdomTree is poised to introduce WisdomTree Prime, a personal finance app targeting New York retail customers. The app aims to offer accessible exposure to digital assets, includi...
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Crypto market experiences general crash ahead of the upcoming Bitcoin halving
Cryptopolitan (RSS)
The crypto market witnessed a significant downturn on Friday, with major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing notable price declines. Bitcoin, the leading digital asset by crypto market capitalization, dropped over 4% in the last 24 hours, reaching around $63,400, as reported by CoinGecko.
The crypto market sees red ahead of BTC’s halving
This decline comes after a series of all-time high price milestones, signaling potential volatility ahead of the upcoming Bitcoin halving. Investors are closely monitoring the Bitcoin halving event, speculating on whether the current prices adequately reflect its impact. Historically, Bitcoin halvings have been associated with increased market volatility, prompting traders to adjust their positions accordingly.
Global investment firm AllianceBernstein has exp...
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Cryptopolitan (RSS)
The crypto market witnessed a significant downturn on Friday, with major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing notable price declines. Bitcoin, the leading digital asset by crypto market capitalization, dropped over 4% in the last 24 hours, reaching around $63,400, as reported by CoinGecko.
The crypto market sees red ahead of BTC’s halving
This decline comes after a series of all-time high price milestones, signaling potential volatility ahead of the upcoming Bitcoin halving. Investors are closely monitoring the Bitcoin halving event, speculating on whether the current prices adequately reflect its impact. Historically, Bitcoin halvings have been associated with increased market volatility, prompting traders to adjust their positions accordingly.
Global investment firm AllianceBernstein has exp...
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Estonia approves bill to regulate crypto service providers
Cryptopolitan (RSS)
Estonia is shaking things up in the crypto industry big time. The small Baltic nation, known for its digital savvy and e-residency perks, is rolling up its sleeves to get serious about crypto regulation. After sailing through the government, a groundbreaking bill is now waiting in the wings, ready to make its grand entrance in parliament. This bill is a master plan to bring crypto service providers under the watchful eye of the Financial Supervision Authority (FSA), which is a major change from the current system where the Financial Intelligence Unit (FIU) holds the reins. And let me tell you, the stakes are high. The old slap-on-the-wrist fines for messing up? They’re about to jump from a mere 40,000 euros to a shocking 5 million euros. You read that right. It is NOT a typo.
The Road to Crypto Clarity
...
View original post
Cryptopolitan (RSS)
Estonia is shaking things up in the crypto industry big time. The small Baltic nation, known for its digital savvy and e-residency perks, is rolling up its sleeves to get serious about crypto regulation. After sailing through the government, a groundbreaking bill is now waiting in the wings, ready to make its grand entrance in parliament. This bill is a master plan to bring crypto service providers under the watchful eye of the Financial Supervision Authority (FSA), which is a major change from the current system where the Financial Intelligence Unit (FIU) holds the reins. And let me tell you, the stakes are high. The old slap-on-the-wrist fines for messing up? They’re about to jump from a mere 40,000 euros to a shocking 5 million euros. You read that right. It is NOT a typo.
The Road to Crypto Clarity
...
View original post
Bitcoin eyes historic seventh consecutive month rally
Cryptopolitan (RSS)
Bitcoin is on the verge of achieving a significant milestone, potentially closing its seventh consecutive month in the green by the end of March. This would mark a historic achievement in BTC’s price history, requiring the cryptocurrency to maintain a price above February’s close of $61,130, according to data from Tradingview.
Bitcoin eyes new record as its price holds steady
The last time BTC experienced such a sustained uptrend was from October 2020 to March 2021, during which its price surged by an impressive 445% from $10,781 to $58,783. However, following this remarkable rally, BTC underwent a notable correction, declining by 40% over the subsequent three months, dropping from $58,790 to $35,037.
Historically, BTC has often faced corrections in the period leading up to halving events. Nevertheless, the current influx of fu...
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Cryptopolitan (RSS)
Bitcoin is on the verge of achieving a significant milestone, potentially closing its seventh consecutive month in the green by the end of March. This would mark a historic achievement in BTC’s price history, requiring the cryptocurrency to maintain a price above February’s close of $61,130, according to data from Tradingview.
Bitcoin eyes new record as its price holds steady
The last time BTC experienced such a sustained uptrend was from October 2020 to March 2021, during which its price surged by an impressive 445% from $10,781 to $58,783. However, following this remarkable rally, BTC underwent a notable correction, declining by 40% over the subsequent three months, dropping from $58,790 to $35,037.
Historically, BTC has often faced corrections in the period leading up to halving events. Nevertheless, the current influx of fu...
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America, the [senseless] economy that you are
Cryptopolitan (RSS)
America is like that one friend who, despite consuming a diet consisting mainly of processed sugar and fast food, somehow remains inexplicably in shape. So, interest rates in the U.S. have hovered above 5% for close to a year now. Logic dictates that this should have some visible impact—slowing down the service industry, perhaps, or making the job market twitch. Yet, here we are, witnessing an economy that, on paper, seems invincible, untouched by the equivalent of a high cholesterol warning.
A Dance with Dollars
To make sense of America’s senseless economy, here is Dario Perkins, a strategist with some serious cred. This guy, like me, wonders why the anticipated economic apocalypse, courtesy of rising interest rates, still hasn’t materialized. Imagine, if you will, the collective nail-biting se...
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Cryptopolitan (RSS)
America is like that one friend who, despite consuming a diet consisting mainly of processed sugar and fast food, somehow remains inexplicably in shape. So, interest rates in the U.S. have hovered above 5% for close to a year now. Logic dictates that this should have some visible impact—slowing down the service industry, perhaps, or making the job market twitch. Yet, here we are, witnessing an economy that, on paper, seems invincible, untouched by the equivalent of a high cholesterol warning.
A Dance with Dollars
To make sense of America’s senseless economy, here is Dario Perkins, a strategist with some serious cred. This guy, like me, wonders why the anticipated economic apocalypse, courtesy of rising interest rates, still hasn’t materialized. Imagine, if you will, the collective nail-biting se...
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Pakistan University kickstarts classes in the Metaverse
Cryptopolitan (RSS)
The Information Technology University of Lahore in Pakistan has introduced the nation’s inaugural virtual reality-based classes within the metaverse, marking a significant advancement in educational technology. This pioneering initiative, as reported by local Pakistani news outlet Samaa TV, aims to simulate the conventional classroom environment through the utilization of virtual reality headsets and motion tracking technology.
Pakistan University launches metaverse-based learning
Professor Ibrahim Ghaznavi, the head of the computer sciences department at ITU Lahore, expressed optimism regarding the potential of this initiative to enhance the academic capabilities of participating students. This move towards virtual reality-based education comes in the aftermath of the COVID-19 pandemic, during which online c...
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Cryptopolitan (RSS)
The Information Technology University of Lahore in Pakistan has introduced the nation’s inaugural virtual reality-based classes within the metaverse, marking a significant advancement in educational technology. This pioneering initiative, as reported by local Pakistani news outlet Samaa TV, aims to simulate the conventional classroom environment through the utilization of virtual reality headsets and motion tracking technology.
Pakistan University launches metaverse-based learning
Professor Ibrahim Ghaznavi, the head of the computer sciences department at ITU Lahore, expressed optimism regarding the potential of this initiative to enhance the academic capabilities of participating students. This move towards virtual reality-based education comes in the aftermath of the COVID-19 pandemic, during which online c...
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