Day: September 28, 2022

UAE Ministry of Economy opens up new headquarters in the Metaverse

Luke Huigsloot

The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse.  According to Gulf News, the announcement was made on Sept. 28 by UAE Minister of Economy Abdulla bin Touq Al Marri during the Dubai Metaverse Assembly, with the minister stating “this is not a proof of concept, this is our third address” before giving a live tour of the virtual headquarters. The headquarters will feature a multiple story building, each serving a different purpose. Visitors will be…

Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key

Aayush Jindal

Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum found support near the $1,250 level and recovered losses. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.…

Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model

Stephen Katte

Kieran Warwick, co-founder of blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG).  Speaking to Cointelegraph during Token2049 in Singapore, Warwick said Illuvium has three games currently being built which will be underpinned by the same economy, governed by a single token (ILV),  and connected by the blockchain — making it an interoperable experience. “We’re building something that has never been done before not in the mainstream and not in Web3.” IBG, a term…

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Altcoins Bitcoin News

Jamie Redman

Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above the $50 billion mark, but this week the crypto asset’s market valuation is around $​​48.82 billion. Following Tether’s Recent Stablecoin Reduction, USDC’s Market Cap Drops 12% In mid-June, Bitcoin.com News reported on the largest stablecoin asset tether (USDT), as USDT’s saw more than $12…

La fusión de Ethereum está logrando que su criptomoneda sea más atractiva que bitcoin ante la inflación

Jocelyn Yang

En los días que ya pasaron desde la fusión, la tasa de emisión neta anual de la criptomoneda nativa de Ethereum, ether (ETH), cayó en un rango que va desde 0% a 0,7% comparado con el 3,5% previo, estimó Lucas Outumuro, jefe de investigación en la empresa de análisis y datos de criptomonedas IntoTheBlock. La tasa de emisión neta, también conocida como tasa de inflación, es esencialmente la nueva oferta dividida por la existente. Author: Jocelyn Yang Source link

Pantera plans to raise $1.25B for second blockchain fund: Report

Turner Wright

Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund. According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors. “We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said the Pantera CEO, according…

Quant (QNT) Price Defiles All Odds On A Bloody Day, Eyes $160

jamesobande

QNT price holds strong above 50 and 200 EMA on a higher timeframe.  QNT rallies as price eyes $160 despite the crypto experiencing a bloodbath across the market.  The price faces resistance at $144 in the weekly timeframe.  Quant (QNT) price has recently shown bullish strength against tether (USDT) as price trends higher above expectations. The price of Quant (QNT) has shown its strength despite Bitcoin (BTC) pulling most altcoins down after a rally from $19,000 to a region of $20,400, with the price rejected instantly from that region. (Data…

What is necessary for Web3 to fully replace Web2?

Chris Jones

Web3 is the buzzword that’s on everyone’s lips — but when you put the mania aside for a moment, there’s a burning question that needs to be asked: Can these projects fully replace Web2… and what stands in the way of this happening?  The likes of Google and Facebook have made a killing during the Web2 era, amassing billions of dollars in profits and a profound influence over the shape of the internet. But their continued influence is far from guaranteed. The 30-year history of the web is littered with…