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In a statement about the dangers of cryptocurrencies, the White House cited the various market crashes of the previous year. The narrative: “A tough year” Last week, the White House published a “roadmap to mitigate the risks associated with cryptocurrencies” that was signed by (current) National Economic Council Director Brian Deese, Director of the White…
Although Bitcoin is far from making everyone optimistic, several sources indicate that BTC price charts now display traditional bull market structures. On February 4, bulls refused to relinquish support in after-hours trading, and Bitcoin hovered around $23,500. The price of bitcoin brings back images of the 2020 As traders waited for the release of US…
By introducing its evolving dNFT version, Chainlink hopes to extend its DeFi dominance and enter the lucrative NFT market. Chainlink has dominated the DeFi sector, with many blockchains partnering with its token LINK to generate passive income. However, like all industry leaders, it wants to keep growing. Although the crypto winter is still thawing, the…
Despite Reality Labs’ unprecedented losses, Meta CEO Mark Zuckerberg was unwavering in his metaverse plans during the company’s Q4 earnings call. Despite Reality Labs’ loss of $13.7 billion in 2022, Meta continues to implement its metaverse strategies. Virtual reality and augmented reality are the primary focus areas for Reality Labs, Meta’s metaverse division. Reality Labs…
In a $30 million partnership, the FA has partnered with the NFT Fantasy Sports brand Sorare. The major announcement sees the official playing cards of all 20 English Premier League clubs added to the NFT collection by the Paris-based Web3 company. In addition to announcing Premier League NFTs, Sorare also revealed a number of gameplay…
The majority of the stolen funds came from a single wallet, with the malicious link draining $751,321.80 USDC. On January 27, a popular nonfungible token (NFT) project called Azuki had its Twitter account compromised. As a result, hackers posted a malicious “wallet drainer link” claiming to be a virtual land mint and stole USD Coin…
At least 14 crypto companies, including Coinbase, Gemini, Digital Currency Group, ConsenSys, and Blockchain.com, announced staff reductions in the month. In the first month of 2023, crypto companies tightened their budgets, firing at least 2,900 employees from 14 crypto companies. Prime Trust, a provider of crypto infrastructure, is said to have started laying off employees,…
MAP2EARN: Bringing Physical and Virtual Spaces Together Among the various strategies for building the metaverse, one is gaining ground. That means mapping the real world to create a mirror world and building augmented reality experiences on top of it. Geolocation-based 3D maps are the fundamental components of a metaverse that unites the real and virtual…
In the .SWOOSH Studio, Nike is inviting its community to collaborate on virtual sneakers. The .SWOOSH revolution is upon us! Yes, Nike has officially opened its new virtual creations facility. The community is being given the ability to collaborate with Nike and co-create in the Web3 studio. Consequently, four winners will work on a 1:1…
It turns out that Amazon intends to launch its own digital asset enterprise this spring, so the company intends to join the Web3 realm with its own NFT initiative. Blockworks has been informed of Amazon’s plans by at least five trustworthy sources who are familiar with the internal affairs of the company. It would appear…
