Deciding who owns your ‘digital twin’ will make or break the metaverse
Research indicates a secure, biometrically verified digital twin will need to be developed in order for the metaverse to work.
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Ether drops below $3,800, but traders are unwilling to short at current levels
Even though Ether (ETH) reached a $4,870 all-time high on Nov. 10, bulls have little reason to celebrate. The 290% gains year-to-date have been overshadowed by Dec.'s 18% price drop. Still, Ethereum's network value locked in smart contracts (TVL) increased nine-fold to $155 billion.Looking at the past couple of months' price performance chart doesn't really…
South Korean eCommerce Startup Raises $32 Million to Create Crypto Stablecoin
South Korea e-commerce marketplace Ticket Monster (TMON) revealed it had closed a $32 million funding round for its new stablecoin Terra in a press release Wednesday, August 29. TMON, which boasts a considerable $4 billion in total sales, is seeking to create an in-house cryptocurrency to compliment its existing token, Luna, which acts as collateral…
Financial advisers lead the institutional push toward crypto adoption
In the past, there were plenty of reasons for financial advisers to dismiss Bitcoin (BTC) and other cryptocurrencies as a worthy investment, but all of that is starting to change as more institutions become attuned to the digital asset class. A face-melting rally for Bitcoin between September 2020 and April 2021 amplified the need to…
Aussie household name threatens to sue The Guardian over Bitcoin scam ads
The legal team behind the case called it a “prolific cryptocurrency scam.” 245 Total views 1 Total shares Electronics entrepreneur Dick Smith — who is a household name in Australia — has threatened a lawsuit against a major media outlet after it hosted ads that linked to fake articles suggesting Smith is promoting a fake…
X complies with EU data laws, stops AI chatbot data collection
X has resolved its legal battle with the European Data Protection Commission by agreeing to halt AI data collection practices and erase user data.
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
3.022 billion aUSD were previously minted via a liquidity bridge glitch. 77 Total views 3 Total shares According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin.Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week…
Facebook’s Libra Nodes Are Live on ‘Pre-Mainnet,’ Roadmap Confirms
Facebook’s Libra digital currency developers have released a new roadmap outlining steps toward its mainnet launch. The update from the Libra Foundation published on Oct. 2 highlights various points of interest for both developers and those who operate the protocol’s nodes. Devs focus on mainnet preparationsCurrently running as a testnet, Libra aims to iron out technical challenges…
SubQuery raises $9M for Polkadot data protocol
Blockchain venture capitalists continue to fund Polkadot projects with growing conviction. SubQuery aims to bring data indexing infrastructure to the network. 211 Total views 13 Total shares Decentralized data aggregator SubQuery has concluded a $9 million funding round to build Polkadot’s first data aggregation layer, a move that could strengthen data indexing for the emerging…