BLOCKCHAIN

Does the Metaverse need blockchain to ensure widespread adoption?

[ad_1] Many assume, too, that blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR). But, is the use of blockchain really a foregone conclusion?Stanford University professor Jeremy Bailenson recently moderated a World Economic Forum panel with some of the world’s leading thinkers of the Metaverse and blockchain. “The first question posed to the panel was
Business

The UK ‘Bitcoin Adventure’ shows BTC is a family affair

[ad_1] Bitcoin (BTC) is for everyone: toddlers, kids, hard rockers and even racing pigs. At the "Bitcoin Adventure" held in Avon Valley, near Bristol, Bitcoiners and hobbyists shared their knowledge, quips and personal journeys down the Bitcoin rabbit hole despite the predictably wet United Kingdom weather. Better still, Bitcoin's "toxic maximalism" was MIA. pic.twitter.com/7IOtpYuSDh— The Bitcoin Adventure (@TheBTCAdventure) July 3, 2022 A world-first for a Bitcoin meetup, the “Adventure” took place
Business

Who owns the most Bitcoin in 2022?

[ad_1] One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know who owns the most Bitcoin (BTC) in 2022.It’s important to look at who owns the most BTC, as the cryptocurrency’s supply is limited to 21 million
Business

Meta signals closure of Novi wallet after a 10-month pilot

[ad_1] Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project.Novi’s website landing page has been revamped to inform pilot users that the platform will be decommissioned on September 1. This ends an eight-month-long pilot project that saw users based in the United States and Guatemala trial the cryptocurrency-powered payment platform.Users are directed to withdraw the remaining
Business

CoinShares acquires French crypto asset manager Napoleon AM

[ad_1] Major European digital asset manager CoinShares is finalizing the acquisition of the French fintech firm Napoleon Group despite the ongoing market decline.CoinShares announced on July 4 that the firm has acquired Napoleon Asset Management, a digital asset management subsidiary of Napoleon Group.CoinShares previously entered into a sale and purchase agreement (SPA) to acquire the entire issued share capital in Napoleon Crypto SAS for 13.9 million euros ($14.5 million) in November
Business

Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom

[ad_1] Prominent economist Peter Schiff, who is well-known in the community for his anti-crypto sentiments, had his bank shut down by Puerto Rico regulators. The revelation, however, led to Crypto Twitter pointing out the “irony” as Schiff’s prediction for Bitcoin (BTC) came true for his own traditional bank.Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements, which further impacted the customers as they lost
Business

Singapore crypto exchange freezes withdrawals

[ad_1] Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.”In what appears to be a run on the crypto bank, the group intends to “apply to the Singapore courts for a moratorium,” as Vauld customers have tried to withdraw an “excess of a $197.7 million since 12 June 2022.”The decision
Business

‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week

[ad_1] Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day.The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk of lower levels remains omnipresent.After a quiet weekend, hodlers find themselves stuck in a narrow range while the prospect of a breakout to the upside appears increasingly hard to believe.As
Business

Haters to unite at the first conference for crypto skeptics

[ad_1] In the middle of crypto’s latest bear market, industry and asset class detractors have rallied together to share their skepticism and network with lawmakers at their own anti-crypto conference.Whereas most crypto conferences exist to promote the latest developments on the cutting edge of the industry, crypto critic journalist Amy Castor said in her July 3 blog post that the Crypto Policy Symposium promises a way for disgruntled nay-sayers to
ALTCOIN

USD stablecoin premiums surge in Argentina following economy minister’s resignation

[ad_1] Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Twitter account on July 3 via a seven-page letter, threatens to further destabilize a struggling economy battling high inflation and a depreciating national currency. According to data from