On examination, fiat and shitcoins share the same trick of getting people to give up real value for promises.
According to reports on Monday, two of the world’s major investment banks, Goldman Sachs and Barclays, have poured a large amount of money in Elwood Technologies, a cryptocurrency trading platform. According to a source familiar with the matter, the funding valued the six-year-old company at around $500 million. Elwood said in a statement that other […]
Prince Charles spoke on behalf of the Queen of England (citing health reasons) at the House of Lords last week, outlining her government’s legislative priorities and listing the measures it intends to present to members of parliament. One of the emphasis was on cryptocurrencies during the Queen’s annual address to the British Parliament, as the […]
While regulatory uncertainty plagues crypto markets in developed economies, the UK looks set to turn this around. Following the “Queen’s Speech” to kick off the new parliamentary session, the UK plans to introduce 2 bills to allow for increased crypto adoption and measures to tackle ransomware attacks. Crypto Interwoven In The UK’s Parliamentary Agenda On […]
The strengthening of the U.S. dollar and the growth deterioration across major global economies will likely cause more downside for risk assets.
Reddit is one of the most popular platforms for cryptocurrency investors. The microblogging platform offers investors a space to gather and discuss strategies, share investment […]
Blindex, a multi-currency fractional algorithmic stablecoin protocol is elated to announce the launch of its two algorithmic stablecoins, $bGBP and $bXAU, becoming the latest protocol to integrate the Rootstock (RSK) ecosystem. As per the announcement, Blondex’s first stablecoin, bGBP will be pegged to the British Pound while the second, bXAU will be pegged to the […]
The Middle East has risen to prominence as a favored location for cryptocurrency exchanges, with Kraken becoming the latest to be granted a license by the Abu Dhabi Global Market (ADGM). Kraken is the first worldwide virtual asset exchange group to get a complete financial license from the ADGM in the United Arab Emirates, the […]
The cryptocurrency market is down again after a couple of days of promise. At $1.99 trillion, its total cap has fallen by 1.7% in the […]
Robinhood announced Tuesday that it has agreed to acquire Ziglu, a fintech startup based in London that enables users to trade bitcoin and a variety of other cryptocurrencies. Robinhood’s stock increased nearly 6% Tuesday following the announcement of the Ziglu acquisition. Since its July initial public offering, the stock has fallen 71%. The acquisition will […]
Meta Platforms is preparing to integrate cryptocurrencies into its family of apps, with the goal of using them to reward creators and to facilitate lending and other financial activities. The Financial Times reported on Wednesday that Meta is considering creating “Zuck Bucks,” a virtual currency that consumers can use across its apps, as the British […]
The UK government is taking a forward-looking approach to NFTs and general crypto engagement in the country. Finance Minister Rishi Sunak recently announced a series of measures that intend to turn the UK into a global hub for crypto-asset technology and investment. How The UK Plans To Become A Crypto Hub John Glen, the UK […]
Bitcoin offers a peer-to-peer solution to the client/server model that finance has gradually shifted toward in the 20th century.
Manchester United defender Phil Jones has become the latest high-profile sportsperson to enter the metaverse. Jones, who has been on the club’s books since 2011, has joined forces with Web3 firm Antourage to develop an exclusive metaverse members project dubbed Red Lion Sports Club (RLSC). The venture will function as a kind of gated online community, where holders of special NFTs can congregate to play games and interact, view exclusive content, enter competitions and support worthy causes. Designed by noted augmented reality creator Doddz, only 4,000 algorithmically-generated Red Lion member NFTs will be released on the Solana blockchain, at a cost of two SOL (around $250 at current prices). A New Model for Fan Engagement Scheduled to launch in the coming month, , Red Lion Sports Club will focus on major sports events such as Premier League games, the NBA playoffs, Formula 1’s British Grand Prix and golf’s British Open, with fan-influenced content and mini-games devoted to the various sporting occasions. “Over the past six months I’ve been researching and learning about Web 3.0 and the potential of the metaverse,” revealed Jones, who has won Premier League, FA Cup and Europa League trophies while making over 100 appearances for United. “The idea behind the Red Lion Sports Club is to enable a new way of engaging with fans that promotes a genuine sense of community rooted in mutual respect for other members. RLSC will be a venue for fans of all sports that want to have a say in how a digital community grows and develops, interact with athletes, celebrities and other members, and influence the content that will be created around major events.” Red Lion Sports Club is the first metaverse project that Stockholm-based startup Antourage has been involved with, and co-founder Johan Junker said he was “thrilled to have Phil on board as the driving force behind RLSC.” He explained, “This project is at the heart of Antourage’s existence: to connect passion-driven fan communities with authentic content that is distributed across the latest social platforms. “We believe fans should be at the centre of the content ecosystem and be rewarded for their engagement. Red Lion Sports Club fully represents this philosophy and Web 3.0, driven by the metaverse, will expedite this change that will deliver greater value and a richer experience for fans and creators alike.” Jones and Junker aim to slot their exclusive sports-centric members club into a prominent metaverse, and to develop additional content and activations as its community develops. Premier League Stars Go Mad for Meta A number of metaverse enthusiasts now occupy the Old Trafford dressing room, with Jadon Sancho having recently partnered with Genies to release his own digital avatar and Luke Shaw launching his own NFT collection. Last week, Cristiano Ronaldo also participated in a $100 million funding round for FanCraze, which creates NFTs based on major cricket tournaments. Elsewhere in the English top flight, United’s cross-town rivals City have teamed up with Sony to reproduce their Etihad Stadium in virtual reality. The digitally mapped stadium could eventually ‘host’ live games, giving fans – or the digital avatars that represent them – the opportunity to enjoy a match day experience from the comfort of their own home.
The Sandbox (SAND) is partnering with British banking giant HSBC to level up esports engagement in the gaming metaverse. In a new blog post, The Sandbox says the metaverse altcoin has signed a deal for HSBC to acquire a digital plot of land on SAND’s platform. The bank will then develop digital real estate and […]
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