BIDEN Administration Gets AGGRESSIVE On Bitcoin & Crypto Regulation

In tonight’s crypto news wrap-up, I take a look at the current happenings in the crypto landscape, including crypto receiving a helping hand on capital hill, doge preparing to go from puppy to big dog, and Cardano finding success despite the continuing market downturn.

What We Discuss:
0:00 Intro
0:18 Crypto on Capital Hill
1:22 Frankie
2:40 Doge Grows Up
3:30 ADA’s Surprise Pump


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Facebook May Support NFTs

Facebook has announced its intention to invest $10 billion in a cryptocurrency called Metaverse this year. Zuckerberg has stated that Metaverse will be the next step in the evolution of social media, which began with the creation of Facebook. Facebook already has a social media platform, and users can post information on it that reveals their personal details. Zuckerberg teased that the company may support NFTs, but has yet to reveal exactly how this will work. Meanwhile, prominent figures in the crypto space have echoed these sentiments, including former hedge fund manager Raoul Pal.

While the Metaverse promises to offer users an augmented reality experience, its creators often overlook other aspects such as security and preservation of information. In addition to the benefits of the new technology, the Metaverse is expected to change the way we work and live. The future of technology is not only reliant on blockchain and cryptocurrency, but also on technology and services that can be created in virtual spaces. For example, companies could use the Metaverse to connect with people from all over the world.

One of the unicorns of the Metaverse space is Animoca Brands. The company has raised $810 million in the last two years and is partnering with metaverse VC specialist Liberty City Ventures in New York. Other notable investors include Winkelvoss Capital, Soros Fund Management, and Boyu Capital. A recent funding round brought the company to a valuation of $5 billion. In the meantime, the company is preparing to take the next steps in building its product and a successful business.

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