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Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on May 25 showing the concept is now widely recognized: 52% of more than 21,000 adults surveyed across 29 countries are familiar with the Metaverse and 50% have positive feelings about engaging with it in daily life. China, India, Peru, Saudi Arabia, and Colombia were the top five countries…
American graphics card manufacturer Nvidiaโs stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations. Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion and 3% increase in earnings per share to $1.36. It also stated it would continue a $15 billion share buyback program through the end of 2023 according to the filing to the Securities and Exchange Commission (SEC). However, the Q2 outlook is much less promising and…
U.S. Senator Ted Cruz says he is โincredibly bullishโ on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency โwill change the world,โ the senator said, โUncontrolled, decentralized currency is terrifying for those who want control of currency.โ Senator Ted Cruz โIncredibly Bullishโ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin at the Heritage Foundationโs Bitcoin and the American Experiment event Monday. He began: I gotta say when it comes to bitcoin, when it comes to crypto more generally, I am incredibly bullish. โI think it…
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Procedurally, legal sources say a contempt of court challenge is technically best filed by the original petitioner in the Supreme Court, which in this case would be the IAMAI. If it is not the original petitioner, then an individual entity seeking to file a contempt of court is required to first prove how it is an aggrieved party to the case. This itself is a tricky procedural hurdle. Source
Korbit, a major South Korean ย cryptocurrency exchangeย Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchangeโs core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a…
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The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasnโt submitted a proposal so far. Source
JPMorgan sees โsignificant upsideโ to the price of bitcoin. The global investment bankโs price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its โpreferred alternative asset class along with hedge funds.โ JPMorganโs Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan published a bullish note on bitcoin and cryptocurrency Wednesday. The bankโs strategists, including Nikolaos Panigirtzoglou, wrote that their price target for bitcoin remains at $38,000, โimplying significant upside for digital assets from here.โ At the…