Month: June 2022

BTC, ETH Lower, as Both Run Into Strong Resistance – Market Updates Bitcoin News

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Bitcoin remained close to a ten-day high on Monday, as prices consolidated following gains from the weekend. Although ETH was lower to start the week, it was also able to remain close to Sunday’s peak around the $1,280 level. Bitcoin BTC was consolidating during today’s trading session, as bulls appear to have secured some profits following recent gains. Coming from the back of a high at $21,783.72 on Sunday, BTC/USD rose to an intraday low of $20,965.11 on Monday. This decline sees bitcoin start the week trading almost 2% lower,…

Metaverse can’t be built on the corporate business model, says EY innovation lead

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Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY), believes that the Metaverse would be led by the younger generation and cannot be built on the same principles of the corporate business model. Jones’s comments came during an exclusive interview with Cointelegraph managing editor Alex Cohen at the European Blockchain Convention (EBC) 2022. The EY innovation lead shed light on the company’s investment strategy, explaining why a significant chunk has gone towards younger generation firms and startups. He said that many of these young firms…

Dogecoin Prediction 2022 and Crypto News Today | Best Cryptocurrency To Invest 2022 on WazirX

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Do It More Like Web3

And yet, DAOs are beginning to integrate certain aspects of the traditional hiring process. For example, infrastructure providers, such as Wonderverse, Drepute and GitPOAP, are competing to build tools that could be used as Web3 “resumes,” where DAO contributors can track their contributions and experiences. Unlike traditional resumes, which require the hiring manager to trust what’s written on the paper (or verify it themselves), the new versions will display non-fungible or proof-of-attendance protocol tokens (NFTs or POAPs) attesting to past work and verifiable on-chain. This model also consolidates inherently diffuse…

The Crypto Jobs Boom

Just a few of the high-profile jumps from the “old world” into crypto: Sherice Torres, the former chief marketing officer of Meta Platforms, Facebook’s parent company, is now the CMO of payments company Circle. Brian Roberts hopped from Lyft, where he was the chief financial officer, to NFT (non-fungible token) marketplace OpenSea, where he holds the same position. Andreessen Horowitz, a venture capital fund heavily investing in crypto, scooped up a glittering roster of all-star talent, including Bill Hinman (former director at the U.S. Securities and Exchange Commission), Brent McIntosh…

Step App: Using Blockchain to Reimagine Fitness

Traditional industries are currently facing an ultimatum—either embrace new technology or succumb to old methods. Since 2008, blockchain technology has been central to this conversation. According to recent estimates, corporations will spend nearly $20 billion on blockchain services by 2024. Overall, blockchain has emerged as a revolutionary and disruptive technology, creating opportunities across finance, real estate, entertainment, healthcare, and gaming. It’s also pivotal to Web3, and is undoubtedly here to stay. One of the industries that is undergoing significant changes due to blockchain’s impact is fitness. The sector was worth…

Educating regulators will help mitigate risks, says Figment exec

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Cointelegraph’s managing editor Alex Cohen interviewed Figment’s staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022. The duo discussed topics like educating regulators on blockchain and crypto, how businesses navigate uncertain regulatory landscapes and regulating staking.  According to Ellision, it’s very important to educate regulators in the space to mitigate the risks of them going overboard without understanding the basics. The Figment executive mentioned that clear understanding is very important because of the complicated nature of the space. He explained that: “This is the battle we’re fighting,…