Day: March 27, 2023

Ethics, democracy and morality in the nascent metaverse

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The metaverse has the potential to be the next frontier of human interaction, as evidenced by the amount of activity that continues to pour into the space. It’s not just game developers pushing digital worlds but entire countries are setting up metaverse development funds. Major automotive firms, such as Nissan, are conducting trial sales in the metaverse, and even court cases are being moved to digital reality. According to data compiled by licensed trademark attorney Mike Kondoudis in November 2022, trademarks filed for nonfungible tokens (NFTs), cryptocurrencies and the metaverse…

Jim Cramer’s bitcoin prediction flops as coin posts 14% gain

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Crypto pessimist Jim Cramer has been left with an egg on his face following the price of bitcoin (BTC) increasing by at least 14% a couple of weeks after he urged investors to sell their coins when the cryptocurrency was trading around the $24,000 level. Jim Cramer, who hosts CNBC’s “Mad Money,” said two weeks ago that he would sell his bitcoins, claiming the cryptocurrency was “being manipulated.” At the time Cramer commented, BTC had registered a significant uptick week-on-week following the failure of several large banks. Inverse Cramer effect…

G7 Leaders to Discuss Stricter Cryptocurrency Regulations

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According to a report from Kyodo News, officials from the Group of Seven (G7) leading industrial countries are set to discuss cryptocurrency regulations as part of preparations for their upcoming meeting in Hiroshima, Japan, in May. The nations present include the biggest world democratic nations and economic powers, including Japan, the U.S., the U.K., Canada, France, Germany, and Italy, which comprise the group along with the European Union. One of the main themes of these G7 meetings is to discuss the way forward for crypto regulations and also adoption across…

Top 7 legal and compliance jobs in the crypto market

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Cryptocurrencies are a rapidly growing market that is changing how people invest, buy and sell goods and services, and transfer money. However, with the growth of this market comes an increasing need for legal and regulatory compliance, particularly concerning issues such as money laundering, fraud and data protection. As a result, there is a demand in the cryptocurrency sector for legal and compliance specialists. The positions listed below are just a few examples of the various legal and compliance positions available in the cryptocurrency sector. Each one is crucial to…

How the crypto industry reacts to recent bank bailouts

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In its early days, crypto enthusiasm was fuelled by the promise to cut the rigged banking system out of the people’s basic need to exchange goods and funds. To some degree, it still is. But as digital assets become more and more intertwined with a larger financial market, this tension gradually fades away.  The recent wave of partial bailouts of failed institutions such as Silvergate Bank, Signature Bank and Silicon Valley Bank (SVB) has not raised any concerns among the crypto community. Moreover, the United States Federal Reserve System came…

Franklin Templeton Sees Web3 Driving Next Wave of Tech Innovations

“The whole reason that we’ve laid out the megatrends, and the reason that we think they’re important to highlight, is that this set of technology innovations and the changes that they’ve been driving in society is what has brought us to this Web3 moment and the development of this crystal crypto ecosystem,” Sandy Kaul, head of Franklin Templeton’s digital asset and industry advisory services, told CoinDesk in an interview. Source

Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC

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MicroStrategy, a business intelligence firm and a major Bitcoin (BTC) investor, is acquiring more BTC amid the recent cryptocurrency market recovery. MicroStrategy co-founder and former CEO Michael Saylor took to Twitter on March 27 to announce that the firm has repaid its $205 million loan to Silvergate. Citing a form 8-K filing with the United States Securities and Exchange Commission, Saylor stressed that MicroStrategy repaid the Silvergate loan at a 22% discount. The company has also acquired a significant stash of Bitcoin, purchasing 6,455 BTC for $150 million, or at…

Coinbase Working on Inflation-pegged Flatcoins over Its New Base Network

Coinbase asked developers to work on an inflation-tracking stablecoin that can serve as a hedge to the poor monetary policy decisions of the central bank. Crypto exchange Coinbase has been working on some key projects and one of them includes inflation-pegged flatcoins to be built over its recently launched Layer-2 network Base. Coinbase sees flatcoins as one of the four critical innovations in the future of crypto. The other three projects include on-chain limit order book (LOB) exchange, an on-chain reputation system, and tools that make DeFi ecosystem safer. Last…