Day: May 19, 2022

$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M

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Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.” Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player communities with Discord used as an example, and gaming infrastructure providers. The a16z team said “the coming Metaverse will be built by games companies, using games technologies” and that the industry has already “solved many…

Russia will inevitably legalize crypto payments says trade minister

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Russia will legalize crypto payments “sooner or later,” according to the Minister of Industry and Trade of the Russian Federation, Denis Manturov. The country’s government has been exploring various crypto adoption plays throughout 2022, but is yet to finalize any concrete policy concerning digital asset payments. However, its legalization has been recommended by Russia’s Finance Ministry via its “On Digital Currency” bill from April. According to a translation of a Thursday report from local media outlet TASS, Manturov was questioned at the New Horizon educational forum this week on whether legalized…

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ATOM Might Trade Below Its Immediate Support Level Despite A Recent Rally

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ATOM had displayed optimistic price action recently after the coin rallied close to 14% a little over 48 hours ago. The coin had managed to undo the loss of 21% that it incurred in the past week with its recent rally. Bearish sentiments are still present across the whole industry and altcoins have also walked along the same price sentiment. Ever since ATOM revisited its all time high in the month of January this year, the coin has struggled to release itself from the grasp of the bears. At the…

US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials

The SEC alleged in 2013 that George Jarkesy Jr. and his firm, Patriot28 LLC, violated federal securities law by misstating his hedge funds’ assets. The case was tried before an administrative law judge, rather than before a civil court. These administrative law judges, or in-house judges, may have violated Jarkesy’s seventh amendment rights to a jury trial, the 5th Circuit Court of Appeals said in its ruling Wednesday. Source

Finder’s Panel Predicts Death of Shiba Inu Crypto — SHIB Expected to Have No Value by 2030 – Bitcoin News

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A panel of specialists at Finder has predicted the death of shiba inu (SHIB) cryptocurrency. The majority believes that the price of the meme crypto will eventually fall to zero. In addition, “Our panel is overwhelmingly out on SHIB, with 73% saying that now is the time to sell.” SHIB’s Price Prediction Leading price comparison portal Finder.com updated its price prediction for the shiba inu cryptocurrency last week. “Finder surveyed a panel of 36 fintech specialists in April for their thoughts on how shiba inu will perform over the next…

Is Bitcoin Mining still profitable in February of 2022?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is Bitcoin Mining still profitable in February of 2022? Let’s take a look at the numbers for bitcoin mining as the year moves on. Is bitcoin mining with asic mining rigs still profitable in 2022? Let’s talk about this. #bitcoinmining #bitcoin #bitcoin2022 This video reflects my opinion only; numbers and data are approximate and may become inaccurate as time passes.This video may not be objectively accurate. It’s just my opinion. Images used are for educational purposes only. Videos provide host(s) commentary on…