Day: May 28, 2022

Identity is the antidote for DEXs’ regulation problem

Bob Reid

Regulators from Europe, the United States and elsewhere are busily hammering out details on how to designate decentralized exchanges (DEXs) as “brokers,” transaction agents or similar entities that affect a transfer and cooperate with each other. The U.S. called for multinational cooperation in its executive order on responsible digital asset development, as did the European Union with its recent Financial Stability and Integration Review. And that is just what’s publicly accessible.  Behind the scenes, the whisper of regulation is getting louder. Did anyone notice that all the Know Your Customer…

Is there a secure future for cross-chain bridges?

Lior Lamesh

The plane touches down and comes to a halt. Heading to passport control, one of the passengers stops at a vending machine to buy a bottle of soda — but the device is absolutely indifferent to all of their credit cards, cash, coins and everything else. All of that is part of a foreign economy as far as the machine is concerned, and as such, they can’t buy even a droplet of Coke. In the real world, the machine would have been quite happy with a Mastercard or a Visa.…

JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund, and PayPal hints at more crypto and blockchain involvement: Hodler’s Digest, May 22-28

Cointelegraph By Editorial Staff

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil Venture capital player Andreessen Horowitz, or a16z, has unveiled a new $4.5 billion cryptocurrency fund. The a16z fund is the fourth of its kind and more than double the amount of its third crypto investment…

UAE committed to build Web3.0 community – News

Anthony B

Supplied photos The global metaverse market size was valued at $63.83 billion in 2021. The market is projected to grow from $100.27 billion in 2022 to $1.52 trillion by 2029, acording to Fortune Business Insights. Published: Sat 28 May 2022, 11:35 PM Last updated: Sun 29 May 2022, 12:47 AM The UAE is known to be at forefront of innovation and offers everyone a strong platform to explore opportunities in the fast-evolving Web3.0 community. What is Web3.0? It is the latest Internet technology that leverages machine learning, artificial intelligence, and…

Bitcoin price action decouples from stock markets, but not in a good way

Marcel Pechman

This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%. May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’ aversion to risky assets. For example, Invesco QQQ…

Mobile gaming’s market share hit, web3 app growth, Niantic’s new AR tools – TechCrunch

Anthony B

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS, Google Play and third-party Android app stores in China grew 19% in 2021 to reach $170 billion. Downloads of apps also grew by 5%, reaching 230 billion in…

Why Web3 represents a new frontier for personal data ownership

Michiel Van Roey, Profila

We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! The idea of handing over personal data and access to our browsing habits to be able to access online services is something to which we’ve become so accustomed, we don’t even question it anymore. However, the dawn of Web3 is introducing a new paradigm of data ownership, one where we own our personal data and can determine who accesses…

STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?

Yashu Gola

A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s 500% and 120% price rallies in March and early May, respectively. GMT/USD daily price chart. Source: TradingView Additionally, the rebound further preceded an 80% drop from its record high of $4.50, established on April 27,…

The key technologies that power the Metaverse

Cointelegraph By Onkar Singh

The latest development of the Metaverse was made possible due to technologies like artificial intelligence (AI), the Internet of Things (IoT), AR, VR, 3d modeling, and spatial and edge computing. Artificial intelligence AI paired with Metaverse technology ensures the Metaverse infrastructure’s stability while also delivering actionable information for the upper layers. NVIDIA technologies are a good example of how AI will be crucial in developing digital spaces where social interactions will occur in the Metaverse. Internet of things While IoT will allow the Metaverse to study and interact with the…

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