Day: October 29, 2022

Metaverse schooling to help Japanese city combat growing absenteeism

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The Japanese city of Toda, Saitama, adopted a metaverse-schooling service to encourage students — especially those staying far away from school — to attend their classes.  The metaverse schooling service opted for by the city of Toda allows students to explore the campus and study in virtual classrooms. However, the students must get approval from respective school principals for attendance via metaverse schooling, confirms local media NHK. Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021. NHK’s…

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Shiba Inu On An Upswing For Weeks

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Shiba Inu (SHIB) momentarily moved out of its bearish streak that’s been going for the past few weeks on October 25 when the crypto market made a rally to reclaim the $1 trillion market cap turf. SHIB went up by 10% since October 25 before its recent price correction Shiba Inu lost 2% of its value over the last 24 hours The crypto is still up by almost 8% for the past week In doing so, the Dogecoin spin-off crypto managed to upend weeks of being in a downward trend…

Bitcoin hits new 6-week high as Ethereum liquidates $240M more shorts

Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs. The pair had seen a consolidatory phase ensue after its first trip to the $21,000 mark, the first time it had traded above $21,000 since Sep. 13. The subsequent retracement was modest in…

Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation – Regulation Bitcoin News

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The European Commission has approved a proposal to accelerate the introduction of euro instant payments. The technology is there and Europeans should be able to send and receive money immediately, the executive body said, revealing its intentions to push the industry toward wide adoption. EU Moves to Make Instant Payments Widely Available Throughout Europe A legislative proposal to provide all citizens and businesses with access to instant payments in Europe’s single currency has been put forward by the European Commission. The payments should be secure and affordable for anyone with…

EOS Foundation Signs MoU with Busan City to Boost Blockchain Investments

Following its recent partnership with crypto exchanges such as Binance, FTX, and Huobi to help develop its blockchain infrastructure, Busan, a city in South Korea, has now signed a Memorandum of Understanding (MoU) with a not-for-profit organization, EOS Network Foundation. This signing was done along with a partnership with a group of blockchain venture firms, OKX Blockdream Ventures, AlphaNonce, CoinNess, Foresight Ventures, and Ragnar Capital Management.   “We hope to invest in and bring over interesting projects to the city of Busan,” said Tony Cheng, Foresight Ventures General Partner. He…

City of Busan Signs MoU with OKX’s Investment Arm to Spur Blockchain Growth

The City of Busan in South Korea has signed a Memorandum of Understanding (MoU) with OKX Blockdream Ventures, the investment arm of crypto exchange OKX, to enhance its blockchain sector.  Per the announcement: “As part of the agreement, the City of Busan will encourage investors to increase their investments in the Busan blockchain sector. In addition, the City of Busan will supply the necessary resources to attract large amounts of foreign capital for blockchain sector development.” Therefore, OKX Blockdream Ventures will propel Busan City’s blockchain industry by recruiting…

Google Cloud Introduces Blockchain Node Engine for Web3 Development

Google Cloud’s latest launch, Blockchain Node Engine, aims to help Web3 developers build and deploy new products on blockchain-based platforms. The latest on the list of firms leveraging the functions of Blockchain technology is Google, with its newly released Blockchain Node Engine aimed at helping web3 development.    Per the company’s announcement, the new solution was debuted to cater to the needs of developers instead of making use of self-managed nodes that are quite tasking and require consistent management.   Web3 firms who feel the necessity for devoted nodes can…

Dogecoin Records 10-Week Peak, ETH Gains Momentum And Other Altcoins Gain

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A lot of positive price movement kicked off recently; the crypto market is enjoying a bullish run as Dogecoin and Bitcoin jumped beyond the previous levels, which had become a feat seemingly unachievable. Ethereum also recorded some gains for the first time after its merge. However, recall that the upgrade was already priced in before it took place. So, while many investors expected the number two crypto to gain, ETH plummeted from above $1,500 to sit at $1,300 for a long time. Other altcoins weren’t performing better following the continuous…