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The market frenzy that started with the Silicon Valley Bank collapse is pushing the Bitcoin price higher, with some casualties left behind.
The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per BTC (the king crypto) albeit for several minutes.
The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7:00 pm UTC. The reason for the impulse spike is unknown and was likely due to a “fat finger” trade of a large order.
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TimeStamps: (Check back later)
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3Jkp5l8
✔ Binance CEO announces recovery funds conversion from BUSD: https://bit.ly/3ZGZWaV
✔ HSBC Acquires Silicon Valley Bank UK for a Pound: https://bit.ly/400Tjjx
✔ Circle taps Cross River as banking partner, expands ties with BNY Mellon: https://bit.ly/3FnLdtt
✔ Signature Bank closed by New York regulators, citing ‘systemic risk’: https://bit.ly/3Jy6mnc
✔ Cathie Wood Says Bitcoin Jas Not Skipped a Beat Amid US Banking Crisis: https://bit.ly/3ZEuJ8q
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews
What is the Metaverse?
Metaverse is an online world that uses virtual reality (VR) and augmented reality (AR) technologies. It enables people to create virtual avatars, socialize, and engage in digital communities that are supported by a digital economy.
Users can have an ownership stake in virtually anything: the communities they join, the apps they use, and the digital goods they make or sell, such as NFTs (non-fungible tokens) that link to their real-world counterparts. This user-ownership revolution is creating a new economy that will change how we live, work and play in the digital age, according to van Rijmenam.
The Metaverse is a new universe where the physical world and digital worlds collide, providing limitless possibilities for users. It is a highly immersive and collaborative environment that will provide experiences we can only currently dream of.
Companies, musicians, and sports teams are already experimenting with the metaverse. For example, Hyundai Motor Company has debuted a metaverse experience on gaming platform Roblox called “Hyundai Mobility Adventure,” in which gamers’ avatars can see and try future mobility projects and products from the company.
Investors are also dipping their toes into the virtual world, snapping up concert venues, shopping malls and other properties in the metaverse. However, this is still speculative, and it is too early to know how viable this form of real estate can be for business.
Regardless of the form that the metaverse takes, IT leaders will need to monitor and understand it closely, as it could dramatically transform how businesses operate. They should also consider how to integrate it into their current architecture and IT infrastructures to support long-term business goals.
