Metaverse and Web3 have become catch-all terms that describe some aspects of the future internet. Beyond the hype, however, these technologies are building immersive worlds that intersect digital and real life. As more people migrate to the metaverse to work, play and “live,” so to speak, real-world complications are bound to arise. Have you ever thought about how crime will be policed in the metaverse? How will we stop bad actors from ruining the next great leap in human ingenuity? Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr pondered these questions and more…
Day: July 21, 2022
What Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets
Meanwhile, the proposition that bitcoin can serve as a better option than cash for corporate treasury purposes hasn’t been altered, but it also hasn’t come to fruition yet either, Luria said. And given the recent volatility in crypto prices, “the rate of adoption by corporates isn’t going to be as fast,” Luria added. Original
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‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi “supercrash.” The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum’s price has already recovered 48% in the past few days ahead of the looming Merge upgrade. At the annual Ethereum Community Conference in Paris, Cointelegraph spoke to Skale Labs’ co-founder Konstantin Kladko regarding the market crisis. Sklae…
Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies – Bitcoin News
Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide free services earlier this month. Bit2me Drops 2gether Customer Absorption Deal Spanish cryptocurrency exchange 2gether is still facing difficulties after it blocked its customers’ access to its platform earlier this month. Bit2me, another…
Ether price stalls at $1,630 after gaining 50% in under a week
Price action across the cryptocurrency market was largely subdued on July 21, as traders took a day to digest gains over the past week and book profits following the biggest relief rally since early June. Amid speculation about what drove the recent rally, the Ethereum Merge has consistently ranked at the top of the list. The market rally shifted into high gear after a tentative date of Sept. 19 was set for the mainnet Merge. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a high of $1,620 on…
Exchange brasileño Mercado Bitcoin lanzará operaciones en México este año, según CEO
La compañía holding de Mercado Bitcoin, 2TM, levantó $200 millones de Softbank hace menos de un año con el propósito de utilizar parte de esos fondos para expandirse por América Latina. Aunque la compañía ingresó a Portugal a través de una adquisición hace menos de un año, en América Latina continúa operando solamente en Brasil. Original
Bit2Me compra al exchange peruano Fluyez y planea más adquisiciones en América Latina
La compra de una participación del 85% fue por más de un millón de euros ($1.02 millones), dijo a CoinDesk el COO de Bit2Me, Andrei Manuel, sin especificar una cifra exacta. Fluyez, que entró en operaciones en marzo de 2021, continuará siendo liderada por Luis Eduardo Berrospi, cofundador y CEO de la firma. Source
Venture Capital Firm NFX Adds $62.6M in Follow-On Investments, Including Crypto Companies
Beller co-created Facebook’s libra stablecoin project (the company is now Meta and libra, renamed diem, was recently shut down) before joining NFX in September 2020. The company’s Fund III – which has more of a focus on crypto investments than Fund II – launched shortly thereafter. Fund III capital has been deployed to “numerous great startups at the intersection of crypto, [decentralized finance], blockchain infrastructure, Web3 gaming and more,” said Beller. Source
Rockefeller Investment Company Bullish Against Bitcoin
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io One of the leading US investment firms, Rockefeller, has expressed a bullish view of Bitcoin (BTC). In the midst of the bearish crypto market, the optimistic view of crypto assets in the long term is increasing from business activists and observers. According to Finbold’s report, the chairman of investment firm Rockefeller, Ruchir Sharma, has expressed a bullish view of the major crypto assets. According to him, Bitcoin has controlled the current bearish crypto market, so the future looks brighter. In addition, Sharma…