World of Web3 (WOW) Summit Kicks off at Iconic Burj Park Location with Three Days of Nonstop Content on Latest ‘Metaverse’ Trends

The first day of World of Web3 (WOW) summit, organized by GuyWay Events took place at Burj Park adjacent to the iconic Burj Khalifa building. The first day alone, recorded thousands of attendees, with more expected to come for the remaining three days. WOW summit aims to increase community awareness and knowledge about everything ‘Metaverse’, bringing together industry leaders and key players from across the globe. Each day is designed to have non-stop content, panel discussions and keynote speeches on the latest technology, business, and society news. The ‘Metaverse’ in…

Why Ethereum Needs To Clear $2,650 For Hopes of a Fresh Rally

Ethereum extended decline below the $2,525 support zone against the US Dollar. ETH price remained bid near $2,500 and currently attempting an upside break. Ethereum is still struggling to clear the $2,600 and $2,625 resistance levels. The price is now trading below $2,600 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear $2,625. Ethereum Price Faces Hurdles Ethereum…

Environmental sustainability key sticking point in EU MiCA bill

The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA). A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU. Although…

Austin mayor embraces Web3 tech and crypto payments

Mayor Steve Adler of Austin, Texas, has fully embraced the discovery of what blockchain technology and crypto payments can bring to his city by proposing two new initiatives. The first initiative aims to ensure that Texas’s fourth-largest city promotes the benefits of blockchain technologies and “promotes equity, diversity, accessibility, and inclusion” in the technological ecosystem. To that end, May Adler directed the City Manager to explore how the city can utilize Web3 and blockchain in 20 fields from smart contracts, supply chain management, and insurance to arts, media, fundraising, and…

Bitcoin Consolidates Above $37.5K, Why BTC Could Nosedive

Bitcoin is trading in a bearish zone below $39,000 against the US Dollar. BTC could accelerate lower if it continues to struggle below $39,500. Bitcoin is showing bearish signs below the $40,000 and $39,000 levels. The price is trading below $39,500 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $38,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate lower unless the bulls able to push the price above $39,550. Bitcoin Price Keeps…

Delysium, the world’s first PLAYABLE AAA MMO web3 game,

New York, NY, March 13, 2022 (GLOBE NEWSWIRE) — Delysium, the AAA web3 game, has completed its first round of private-sale of over $4 million, led by Galaxy Interactive, Republic Crypto, and Alameda Research, with Anthos Capital, Eureka Meta Capital, Y2Z Ventures, Tess Ventures, Zonff Partners, Infinity Ventures Crypto, Lucid Blue Ventures,Unix Gaming, Ancient8, PathDAO, YGG SEA, Mask Network, Smarti Labs, Metasense DAO and other institutions participating in the investment. The funding will be mainly used to support the game production and ecosystem, at the same time, Delysium is also…

South Korea Election Made Crypto a Big Issue, but There’s No Guarantee of a Follow-Through; Cryptos Suffer Weekend Decline

Since Russia began its unprovoked attack, bitcon, has risen and dipped within the $37,000 to $45,000 price range that it entered in late January. “It’s been another range-bound, indecisive week for Bitcoin and the crypto markets where the market leader has failed to make any meaningful headway on the upside,” wrote Joe DiPasquale, the CEO of fund manager BitBull Capital, in a text to CoinDesk. He added: “The current price action is typical during bearish phases, as was seen in May, June and July, and often precedes strong price bottoms.”…

Here’s how DAOs are making digital land more accessible to Metaverse denizens

Decentralized autonomous organizations (DAOs) are individuals that collectively organize in social applications and blockchains to pursue common goals and interests. As the direction of the Metaverse keeps maturing, DAOs are rallying around the prospect of utilizing and investing in the Metaverse. Seeing that Goldman Sachs placed an $8 trillion valuation on the sector, eyes and ears have peeled into the possibility of accessibility, usability and monetization of these virtual worlds. Owners of digital land in the Metaverse tout some of the most recognizable names like Adidas, Nike, Snoop Dogg and…