💰 BlockFi: Private Client: (Sponsored)
Bitcoin (BTC) and crypto markets fell heavily into Nov. 8 as contagion from the FTX debacle spilled over.
FTX appears to have stopped processing withdrawals, on-chain data show and as a result Binance is to now fully acquire FTX, as per CZ, the Binance CEO and SBF recently announced on Crypto twitter.
“This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days.”
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🔴 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.
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The Metaverse – The Next Big Thing
The metaverse is a virtual world enabled by virtual reality and augmented reality. Its applications are being researched by several industries. Even cryptocurrency projects are starting to incorporate the concept. Here are some reasons to try this new technology. You’ll have an immersive experience! In addition, it’s free to try it out.
It fosters social interaction by allowing users to engage in virtual environments that are 3D. This allows for greater digital sociability and offers new business opportunities. The metaverse is expected to change the digital economy, exposing customers to more products and content than ever before, which will improve purchasing decisions. In fact, the metaverse is already transforming the way people communicate.
While Zuckerberg’s comments don’t indicate that Meta plans to partner with Web3 creators, they are a strong signal that the company may be pivoting from its previous business model. The company has made several announcements in its keynote, including the development of a hardware and software platform. As such, it’s difficult to make a solid prediction about whether or not it will build with Web3 creators and use open-source technology.
Facebook Chief Executive Mark Zuckerberg recently mentioned the concept of a metaverse on a company call. He called it the “next big thing”. He also compared Facebook to a virtual reality company. He explained that he sees the metaverse as the ultimate expression of social technology. He also called the company’s technology platform Engage a “metaverse company.” The new term for this platform reflects the fact that it’s founded on the internet, but the scope of its use is much greater than the scope of the internet.