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“# Facebook announces $50M investment fund tasked with developing its virtual metaverse ” Facebook has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse. A Sept. 27 announcement articulates Facebook’s roadmap for building its metaverse, with the funding slated to back…
“# Google, the most popular Bitcoin trend indicator, turns 23 ” Google, the leading indicator used to track the popularity of Bitcoin (BTC) and other cryptocurrencies, celebrated its 23rd anniversary on Sept. 27, 2021. Founded by Larry Page and Sergey Brin when both were students at Stanford University, the search engine has spent the majority…
“# Crypto baffles mainstream media, but should blockchain advocates care? ” The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years. MSM has largely ignored Bitcoin (BTC) and other cryptocurrencies outside of…
“# DeFi and Web 3.0: Unleashing creative juices with decentralized finance ” Decentralized technologies are starting to revolutionize the world of finance, with cryptocurrencies applied in different ways to recreate traditional financial instruments. However, since cryptocurrencies aren’t backed by anything but people’s faith in them, they are extremely volatile. That means, when it comes to…
“# Blockchain will transform government services, and that’s just the beginning ” Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the…
“# DeFi gaming: A catalyst to mainstream adoption of decentralized finance ” The past few months have seen decentralized finance (DeFi) platforms gain a cult-like following on the backdrop of a bullish cryptocurrency market. That revolution of digital money is now moving into the gaming industry, creating an intersection between DeFi and the gaming experience…
“# Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals ” The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statista on a…
“# It’s now or never — The US has to prepare itself for digital currency ” Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are…
“# $16B charity provider enables Bitcoin donations via The Giving Block ” The Giving Block, a major organization focused on the cryptocurrency donations industry, continues expanding its crypto charity reach with a new partnership. The organization will be working with charitable platform provider RenPSG to allow its donors to move cryptocurrencies like Bitcoin (BTC) into…
“# Ukraine joins the comity of crypto-friendly nations with new regulation ” The legal status of cryptocurrencies remains a mixed bag of regulatory positions, depending on the jurisdiction being considered. While some countries move toward blanket prohibitions or stringent regulations, others elect to go with a more open approach to crypto. For Ukraine, the latter…