Month: May 2022

How to Prevent the Metaverse From Becoming a Nightmare

The metaverse has become a term associated with the future of the internet, evoking imagery of an interconnected web of virtual worlds, each guided by their own aesthetic, capabilities and set of rules. The “set of rules” component is important. None of us wants to participate in a digital universe where our data and identity are vulnerable to exploitation, and this is a very real fear given the history of data breaches, identity thefts, ransomware attacks, stolen funds and surveillance. This is why private digital identity is so key to…

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Mastercard Aims to Expand More Into Cryptocurrency Despite Recent Market Meltdown

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The cryptocurrency market has taken a downturn in recent weeks. Bitcoin, the bellwether for the crypto market, hit a 52-week low last week, a slump not seen since December 2020, and with it, the rest of the altcoins. Mastercard was not deterred from expanding more into the cryptocurrency space, despite the recent market volatility linked to several factors. Regardless of this current crypto crisis, enterprising executives and investors are optimistic about the cryptocurrency industry’s long-term potential. Mastercard has capitalized on this market condition by making strategic partnerships with crypto platforms…

Whale Ratio Continues To Stay At High Value

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On-chain data shows the Bitcoin exchange whale ratio has remained at a high value recently, a sign that could be bearish for the crypto’s price. Bitcoin Exchange Whale Ratio On Verge Of Entering “Very High Risk” Zone As explained by an analyst in a CryptoQuant post, the 72-hour MA whale ratio is near 0.90, the very high risk zone. The “exchange whale ratio” is an indicator that’s defined as the sum of top ten inflows to exchanges divided by the total inflows. In simpler terms, this metric tells us what…

What Happens When You Die in the Metaverse?

“What happens to a person’s belongings when they die in the physical world is determined by legal processes, but in the metaverse code is law,” HQ Han, who runs ecosystem growth for Protocol Labs, told CryptoX. And so, we need tools to account for inheritance and recuperation of digital assets in case of death, Han said. Source DieMetaverse CryptoX Portal

‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino

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Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Central American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino.  In an exclusive interview with Cointelegraph on the sidelines of the World Economic Forum summit, the Tether and Bitfinex chief technology officer said the reason he came to Davos was to showcase the utility of cryptocurrencies. “I didn’t participate in Davos to meet CEOs of big banks,” he said. “We are here to…

US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch

“I really see the potential for a digital dollar as being complementary to a more stable, efficient system that would include stablecoins and commercial bank money, so I really see them potentially enabling private sector innovation,” she said. CBDC holdings and transactions would still be managed through private sector accounts, Brainard confirmed, and not at direct customer accounts at the Fed. Source

Roblox Head of Product Reflects on Design in the Metaverse

For example, when creating concepts for a concert, we stop and think about big moments that generate excitement in the real world. Think about that feeling you get when the jumbotron shows you in the audience, even for a moment. We could recreate that digitally, but why stop there? Why not transport the audience members onto the stage to join the artist, see how they are playing their instruments, or even join them by showing off your dance moves? Instead of changing the visuals or setting pieces on a stage,…