Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying,’ shareholder says
In an open letter, Altimeter Capital's CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion...
Day: October 24, 2022
New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges. Technology...
Ethereum’s Merge won’t stop its price from sinking
Ethereum became deflationary after its September Merge. But for now, it's not going to make much of a difference. Ethereum’s...
Criminal use of crypto an ‘emerging threat’ — Australian police
Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s federal police said. Australia’s federal...
Bitcoin Price Prediction for Today, October 24: BTC/USD Trades at $19,331 as Correction Lingers
The Bitcoin price prediction is slightly under $19,500 amid the struggle to extend the bullish leg above the $20,000 resistance....
Nokia Believes the Metaverse Will Replace Smartphones in the Future
Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones...
Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the...
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note...
Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically...
Global Bitcoin payments market projected to reach $3.7B by 2031: Research
Private keys and hardware sub-sectors will drive the BTC payment expansion as demand from banks and emerging economies continue to...
Volumes on crypto investment products drop to 2-year low: Coinshares
Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what Coinshare describes as an “apathetic period.”...
Reddit NFT trading volume hits all-time high as wallet holders near 3 million
Meanwhile, the minting volume of nonfungible tokens have been declining steadily. According to data provided by Polygon and Dune Analytics,...
Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT
The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be...
Tesla’s Bitcoin losses rise to $170M in the first 9 months of 2022
The electric vehicle maker’s actual BTC losses are far lower, with $64 million worth of previously realized profits to offset...
Tel Aviv Stock Exchange to create crypto platform
The five-year plan includes tokenizing various classes of digital assets and smart contracts. The Tel Aviv Stock Exchange (TASE) disclosed...
