In downplaying the near-term promise of Horizon Worlds and Oculus, the former Facebook seemed to confirm that its Meta rebrand was a strategic distraction. Source
Mark Zuckerberg to Investors: Expect Nothing From the Metaverse
Month: April 2022
STEPN GMT Remains Close to Record Highs, as GRT and CAKE Trade Higher – Market Updates Bitcoin News
Following a short-lived move above $4.50 on Wednesday, GMT was once again higher, and traded up by over 20% in today’s session. GRT was another big gainer in Thursday’s session, as it moved to a multi-week high, whilst CAKE rebounded after recent losses. The Graph (GRT) Newly formed GMT was undoubtedly today’s top gainer, climbing by over 20%, however due to its infancy in the markets, there is not enough history to support a true technical view of its price movement. However, another token with similar initials also conjured up…
“DeFi is not decentralized at all,” says former Blockstream executive
Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can’t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization. As Mow pointed out, DeFi projects are governed by entities that can modify the protocol at will. “At the fundamental level, money should be immutable,” explained Mow. “If you can change it at will, then you’re no better than a fiat currency governed by the Fed.” Bitcoin’s decentralization makes it very difficult…
Telegram Adds Crypto to Messaging App, Opening Path to Payments
Telegram has added the facility to send and receive Toncoin within the app, potentially opening up crypto payments to its 550 million users. Source
Yieldstreet Partners With Osprey for Latest Crypto Fund
The Enhanced Crypto Fund will offer exposure to up to 10 of the largest digital assets by market capitalization. Source
Ethereum Name Service NFTs Overtake BAYC in Daily Trade Volume
Daily trade volume of Ethereum Name Service domains on OpenSea has overtaken BAYC Source
Bitcoin Payments Remain in Their Infancy But There Are Green Shoots Everywhere
In crypto’s early days, many physical retailers announced they were going to accept digital currency, only to shutter their plans. “Physical store acceptance of crypto is more important to monitor, as over 85% of sales in the U.S. occur in stores rather than online,” Morgan Stanley’s cryptocurrency analyst Sheena Shah told clients in a note, adding that only eight of the top 500 retailers currently accept bitcoin, according to Morgan Stanley’s research. Original
NFT Subscriptions Are Better Paywalls
Turning subscriptions into a bearer asset is better for everyone, says our media columnist. This article is part of CoinDesk’s Payments Week. Source
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Ethereum strives to migrate into a brighter future: Report
Ethereum 2.0 has been a highly anticipated development in the crypto industry. A recent Cointelegraph research report asks if Ethereum is still on track to defend its crown as the prime network backing the decentralized finance world. The report cuts through popular misconceptions investors may hold and offers a comparative analysis of Ethereum and its competitors. Meanwhile, the Ethereum foundation rebranded the Eth2 project at the start of this year. Is it trying to manage expectations or educate? New talk of consensus and execution layers In a blog post in…