Day: December 20, 2022

Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto – Regulation Bitcoin News

Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central Bank of Nigeria (CBN) is not well positioned to regulate cryptocurrencies. The CBN and SEC Feud The Nigerian House of Representatives is expected to pass a bill that seeks to give the country’s securities regulator the right to designate cryptocurrency as capital for investment, a…

Meta Chief Sees Its Struggling Metaverse Project as Test

Despite the stock slump and the cutback on the company’s staffing, Mark Zuckerberg has reiterated plans to maintain its metaverse drive. Meta Platforms Inc (NASDAQ: META), the parent company of Facebook with a new ambition to pioneer innovation in the metaverse world is not relenting in its push into the emerging technology. As reported by Decrypt, citing Andrew Bosworth, the Chief Technical Officer of Reality Labs who wrote in a company post that despite the strain the company has experienced in the past year, it is not ready to give…

ETHEREUM ETH PRICE PREDICTION TECHNICAL ANALYSIS NEWS 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum is testing above a key resistance level and in this video we will be analyzing the cryptocurrency to see the next levels on Ethereum Welcome to Pingu Charts where we analyze Crypto & Stocks daily! The material in this video has no regard to the specific investment objectives, financial situation or particular needs of any viewer. This video is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation or an offer to buy…

Animoca Brands is the most funded metaverse developer in 2022: Nasdaq

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The crypto bear market has also been called a builder’s market by many leading figures and companies in the industry. New data from Nasdaq reveals that investors had this mindset as they continued to sink money into Web3, particularly metaverse-related projects. According to the data over the last year 216 metaverse funding deals were completed, totaling out to nearly US$2 billion in funding. At the top of the funding pool were “support” based services, aka the main components for building. “Digital architects, game designers, AI developers, content creators and custom…

South Korean court freezes $92M in assets related to Terra tokens

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More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra. After seizing 140 billion won ($108 million) from Terra co-founder Shin Hyun-Seong in November, the Seoul Southern District Court has recently ruled to confiscate more assets related to Terra. The South Korean court has ordered to freeze of 120 billion won ($92 million) in assets of former and incumbent CEOs of Terraform Labs’ affiliate firm Kernel Labs, The Korea Economic Daily reported on Dec.…

Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs – Metaverse Bitcoin News

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Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still committed to its metaverse pivot. Meta to Continue Pushing Metaverse and VR in 2023 Meta, the social metaverse company, is planning to continue to develop metaverse and VR-related projects during 2023. In an article written on Dec. 19, Andrew Bosworth,…

Projects would rather get hacked than pay bounties, Web3 developer claims

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As hacks and exploits continue to go rampant within the crypto industry, the importance of finding vulnerabilities to prevent potential losses becomes of utmost importance. However, a Web3 developer highlighted that it’s not rewarding to do so.  In a tweet, a Web3 developer claimed that he found a vulnerability in a Solana smart contract that would have affected several projects and around $30 million in funds. According to the dev, he reported and helped patch the vulnerabilities. However, when it was time to ask for a reward, the projects just…