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Month: May 2022
Rethinking Social Media for the Metaverse
So far, around three dozen U.S. cities, including Atlanta, Los Angeles, Miami and New York, have signed agreements allowing the gamified app to overlay its metaverse world on their streets. With 23 employees, FlickPlay has so far raised $6.3 million, and over 90,000 people signed up for a raffle offering a chance to “mint a Flicky” via metaverse platform The Sandbox, with which it signed a partnership in April allowing players to use a blockchain asset on both platforms. Meanwhile, Katy Perry’s “mocktail” brand De Soi is also in on…
Former Wyoming Banking Commissioner Goes Web 3
“Figuring out digital asset custody in Wyoming, we reached out to and spoke with the U.K.’s FCA [Financial Conduct Authority], and countries such as Finland, Switzerland, Abu Dhabi and Bermuda,” Forkner said in an interview. “The U.S. is much more complex because you’ve got a dual banking system and multiple regulators over markets.” Source
ApeCoin Migration Draws Interest From Avalanche, Flow
CryptoX – Cryptocurrency Analysis and News Portal The firm behind the Bored Ape Yacht Club NFT collection is in talks with layer 1 suitors as the project considers a post-Ethereum future. Source The post ApeCoin Migration Draws Interest From Avalanche, Flow appeared first on CryptoX. CryptoX Portal
Voyager Downgraded by Compass Point as Retail Investor Health Questioned
Voyager Digital (VOYG) shares were downgraded to neutral from buy at boutique investment firm Compass Point, which cited headwinds across the crypto ecosystem and questioned how the trading platform’s retail investors will fare during the market rout. Source
Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?
Last week saw one of the largest losses of value in the history of cryptocurrency. Bitcoin and the general crypto market crisis was hit by the Terra ecosystem’s collapse. Bitcoin plummeted to under $30,000. Obviously, institutional players took advantage of the circumstance. Investors Flood Bitcoin Institutions reportedly invested $300 Million into exchange-traded Bitcoin funds last week, according to reports. According to CoinShares, the previous week recorded record weekly crypto inflows for the year 2022. The net weekly inflows were $274 million in the previous week. While North American investors pumped…
Cash Management Firm Coinshift Closes $15M Series A Led by Tiger Global
Treasury management platform Coinshift has closed a $15m series A funding round, with investment from the likes of Tiger Capital and Alameda Ventures. Source
Bots abound in NFT castle-building game League of Kingdoms
With the development of gaming platforms, virtual items have also become a popular method of monetization, but most games store data on private servers, giving gamers a reason to doubt their reliability and transferability. Developers can change the game policy at any time to maximize their profits. They are not obliged to consult users or take responsibility for the harm caused to the game ecosystem. This problem can be solved by blockchain technology which makes it possible to own and transfer virtual assets to anyone through nonfungible tokens (NFT). In…
Adam Back Announces Bitcoin Mining Cooperation with Tesla & Block
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Adam Back Announces Bitcoin Mining Cooperation with Tesla & Block Powered by Bitdeer: #bitcoin #bitcoinmagazine #bitcoin2022 #adamback #tesla #bitcoinmining Use promocode FOMO for 10% off everything in our store! ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Dutch Finance Official Wants to Ban Retail Investors From Trading Crypto Derivatives
“I maintain that the trade in crypto derivatives should be restricted to wholesale trade,” said Paul-Willem van Gerwen, head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM). He cited the risks of markets that are opaque, and prone to manipulation and other criminal activity. Source