May 4, 2022 – London, United Kingdom Jurassic Punks is the creation of Meta-Labs Studios (London, United Kingdom), an animation and filmmaking studio founded by two veterans of the visual effects (VFX) industry. They have worked with and led some of the most influential studios in the post industry, working with clients such as Nike, …
Monthly archives: May 2022
Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT
Investors across the world are waiting for the outcome of the Federal Open Market Committee meeting on May 4. Although markets expect a 50 basis point rate hike and an announcement by the Fed to start shrinking its balance sheet from June, it is difficult to predict how the markets will react to this trigger. …
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From within: Dubai’s virtual asset regulator plans to open HQ in metaverse
The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters. In a Tuesday announcement from Emirates news agency WAM, VARA said the metaverse entry was aimed at facilitating “collaborative engagement” between virtual asset service providers, …
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How blockchain games create entire economies on top of their gameplay: Report
Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights. Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom …
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Weiss Ratings warns about crypto-backed home loans
Weiss Ratings, a rating company based in the US, has said that mortgages backed by cryptocurrencies came with a high level of risk, such as the one that triggered the recession in 2009. Weiss Ratings referred to companies offering crypto-backed home loans despite the increased market risk. Weiss Ratings is concerned over crypto-backed home loans …
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Vitalik Buterin urges layer two networks to maintain transaction fees below $0.05
The co-founder of the Ethereum blockchain, Vitalik Buterin, has said that the transaction fee on layer two networks needed to be below $0.05 to be “truly acceptable.” Buterin was responding to a tweet showing the transaction fees on all Ethereum layer-two networks. Transaction fees on L2 networks should be below $0.05 Buterin’s remarks were in …
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Coinbase was the recipient of Goldman Sachs’ Bitcoin-backed loan
Goldman Sachs recently made headlines for issuing its first loan backed by Bitcoin as collateral. It has now been revealed that Coinbase, the largest cryptocurrency exchange in the US, was the mystery borrower of this loan. Coinbase uses Bitcoin as collateral for Goldman Sachs loan Goldman Sachs is one of the largest financial institutions on …
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Ripple CEO optimistic SEC Case will be resolved this year
Ripple was sued by the US Securities and Exchange Commission (SEC) in December 2022 over selling unregistered securities. The lawsuit between the company and the SEC has been ongoing since then, and the CEO of Ripple, Brad Garlinghouse, has said there are signs that the lawsuit will be finalized before the end of the year. …
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Starbucks to Venture into Web3 by Launching NFTs Later this Year
Quick take: Starbucks plans to build its own NFT collection, building a community on an environmentally sustainable Web3 platform The company will start by launching its first NFT collection based on coffee art and storytelling later this year Starbucks is potentially looking for a new CEO who understands the potential of NFTs and Web3 Starbucks, …
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Microstrategy Could Get a Margin Call if Bitcoin Drops to $21k, But the Company is Prepared
Summary: Michael Saylor’s Microstrategy could face a margin call on its debt if Bitcoin drops below $21k However, the company is prepared to add funding to their existing position Microstrategy recently secured a loan of $205 million in late March, payable monthly beginning this month till March 2025 Microstrategy now holds 129,218 Bitcoins with a …
SEC Commissioner pushes back against the recruitment of more ‘crypto cops’
The Securities and Exchange Commission (SEC) is set to hire 20 additional staffers to investigate crypto fraud. The recruitment drive will almost double the headcount, to 50 in total, at its Crypto Assets and Cyber Unit. However, in a tweet, SEC Commissioner Hester Peirce raised objections to the move. She questioned the agency’s motives for …
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Is a Bitcoin miner the same as an Amazon server and why does it matter?
The Bitcoin Mining Council, led by Michael Saylor, has hit back at a US Congress group that petitioned the Environmental Protection Agency to criticize proof of work mining. The council’s letter focuses, in part, on comparing Bitcoin mines to computer data centers. They aim to highlight that the EPA has no jurisdiction to dictate what …
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Kraken joins list of centralized exchanges with NFT marketplace
Another leading centralized crypto exchange, Kraken, has thrown its hat into the non-fungible token space with the launch of a waitlist for the beta version of a marketplace for this class of digital assets. Kraken’s NFT marketplace According to the official statement released by the exchange, transactions on the NFT marketplace will incur no gas …
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Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher
Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps …
Recent Bitcoin Bull Run and Prior Run-up Data Suggests a Softer Bear Market Is in the Cards
It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline in value. However, because the …