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Hong Kong-based Animoca Brands, a developer of blockchain gaming technology, has reportedly cut its target for its metaverse fund by a further 20% to $800 million, Reuters reported, citing sources familiar with the matter.The blockchain gaming technology company reportedly scaled back on its billion-dollar goal due to volatility in the
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The metaverse is a term for a virtual world where the internet exists as an immersive space that can be used for work, play, socializing, experiences and events. While there is much excitement about its potential in some quarters, it remains a largely unproven concept. Original Source
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Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin shrugs off Coinbase, Do Kwon arrestData from Cryptox Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs
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According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors. Visa published the biannual threats report on March 20. On 24 pages, the document contains data on all
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Ethereum developers discussed April 12 for the long-awaited upgrade that will enable staked ETH withdrawals. Once the date is confirmed by developers on GitHub, Shanghai will be set in stone. Source
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Lego, the Danish toy company famous for its colorful plastic bricks, expects to diversify its entertainment offerings portfolio, targeting the metaverse. The company is preparing to present a virtual world in partnership with Epic Games, the gaming engine company, to continue increasing its market share and growth streak by entering
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The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions.In a March 9 announcement, the U.S. Treasury said the task force had blocked or frozen more than $58 billion worth of
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The test on Goerli is going to be highly watched, given that it is the largest public Ethereum testnet, and the last chance for staking providers to make sure that staked ETH is withdrawable before Shanghai reaches the mainnet. (The Shanghai upgrade is alternately referred to as Shapella.) Original Source
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Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy. “You need a higher stable inflation rate. Call it 3% to 4%,” the economist suggested. The Fed Could Crush US Economy,
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Analysts at J.P. Morgan cut their price target for Coinbase (COIN) stock from $60 to $52 for the year ending in December, a report from the bank on Friday showed. Source
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