Day: January 7, 2022

Samsung launches metaverse store in Decentraland

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Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project.  On Jan. 6, 2021, the consumer electronics giant announced the opening of a virtual replica of its iconic New York physical store in order to enhance customer interaction at a time when COVID-19 is keeping people away from physical shops. The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District in Manhattan. The Samsung 837X shop will now be accessible on…

Bitcoin (BTC) price slumps to 3-month low

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Chukrut Budrul/SOPA Images/LightRocket via Getty Images Bitcoin dropped to a three-month low late Thursday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world’s second-biggest bitcoin mining hub. The price of bitcoin fell to $41,222.41 just after 9 p.m. ET Thursday, reaching its lowest level since Sept. 29, according to data from Coin Metrics. It was last trading down 0.6% at a price of $42,391.20 Friday morning. The world’s largest cryptocurrency began falling earlier this week after the minutes from the Federal Reserve’s December meeting…

BIS Names CBDC Expert as Head of Euro-Region Innovation Center

The Bank for International Settlements, the umbrella group for central banks, named an expert in central bank digital currencies (CBDCs) as the head of its innovation center for the euro region. Raphael Auer is currently an economist in the Innovation and the Digital Economy unit of the BIS’ Monetary and Economic Department, the Basel-based organization said in a statement Friday. He will start his new role in February. The BIS Innovation Hub Eurosystem Centre is scheduled to open in the first half and will join existing hubs in locations such…

‘Dip’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey

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Over the past seven days, the top trending words on cryptocurrency social media are “dip”, “buy” and “Fed”. Plus, the word “sell” fell out of the top 10 trending topics last night despite spiking sharply on Tuesday.  According to crypto market data aggregator Santiment, social media users from Meta to Telegram to Twitter have formed a choir and they’re all singing from the same hymn sheet. “Dip” and “buy” are the top one and three trending words, while “Fed”, or Federal Reserve, sits at number six. The behavior analysis and…

Nasdaq-Listed Company to Pay Dividends in Bitcoin at the Option of Shareholders – Finance Bitcoin News

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A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency. ‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’ Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers to the dividend as Bividend. Charles Allen, BTCS’ CEO, commented: We are the first Nasdaq-listed company to pay a Bividend, a dividend payable in bitcoin at the option of our shareholders. “BTCS intends to pay…

Spanish LGBT token responds to critics, says it expects listings soon

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Spanish LGBT-related token MariCoin (MCOIN) has responded to the community following skepticism around the project’s concept and goals. Some had even criticized the project for its name, which played on a homophobic slur in Spanish. But according to key people in the project, they have simply misunderstood.  MariCoin CEO Francisco Alvarez told Cointelegraph that the project’s name is about “turning an insult into a fortress,” referring to the peculiarities of tackling homophobic language as the very word “gay” is still being used as an insult in some communities. “In Spain,…

Crypto Scammers Raked In $14 Billion In 2021

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According to blockchain research firm Chainalysis, scam involving crypto reached an all-time high of $14 billion last year, a record that comes as regulators demand for more power over the fast-growing sector. Growing Interest In Crypto Fueled Most Scams Cryptocurrency crime set a new high in 2021, according to a recent analysis, with scammers stealing $14 billion worth of cryptocurrency. According to the “2022 Crypto Crime Report” released by blockchain data firm Chainalysis on Thursday, Jan. 6, that’s nearly double the $7.8 billion stolen by fraudsters in 2020. The findings…

Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K

Ether lost the $3,300 support level in early Asian hours on Friday, plunging to as low as $3,113 before briefly gaining over $90 at the time of writing. Friday’s drop was a continuation of a market-wide decline that started on Wednesday. The U.S. Federal Reserve released the minutes of its December meeting that signaled tightening of financial policies and caused a sell-off in risky assets. Source

Bitcoin-based tracking platform Eggschain partners with Boston IVF

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Bitcoin-based genetic data tracking system Eggschain has announced a partnership with the Boston IVF chain of 30 fertility clinics in the United States. The new partnership will use blockchain technology provided by Eggschain to aid in the tracking of cryogenically preserved sperm to be used for in vitro fertilization (IVF) and other fertility and non-fertility treatment, as well as long-term storage of genetic data. A spokesperson for Eggschain said: “Using the blockchain to track biospecimens such as sperm and eggs empowers individuals facing reproductive issues. This pivotal partnership enables greater confidence…

The Novatar Provides Distinct and Rare Virtual and Meta Identity

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The Metaverse is a virtual world where people may share their experiences and communicate in real-time in simulated environments. It can potentially change the way people work, shop, communicate, and consume information. As a result, firms are eager to stake up early positions in the sector, and NFTs are a unique and efficient means to do so. Among Adidas’ recent ventures include joint projects with NFT creators Bored Ape Yacht Club and Pixel Vaults Punks Comic – an agreement with cryptocurrency investor Gmoney and the acquisition of digital land in…