In your nightly crypto news wrap-up, we bring you the top crypto stories. The market reacts to Tesla selling 75% of their Bitcoin, The European Central Bank follows America’s hawkish approach to restore value in the Euro and a Coinbase product manager gets locked up for insider trading.
What We Discuss:
0:20 Tesla News Clip
1:14 Tesla Sells Its Bitcoin
2:45 Market Watch with Frankie Candles
3:54 The E.U. Hikes Interest Rates
4:56 Coinbase Insider Trader Arrested
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🏘️Housing Crisis: https://youtu.be/a51Oi34c6Jc
🌐Internet Is Rotting Away: https://youtu.be/_rB6vjvYjNE
💻Cyber Warfare: https://youtu.be/gubDnq8jJxI
🌍World Economic Forum: https://youtu.be/ZOOtPB1pYtE
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The Metaverse and Facebook
As the global digital economy continues to grow, the Metaverse is an essential part of this. Whether it’s a social network or a trading platform, this virtual reality is a way to connect people across the world. According to Citi GPS, by 2030, the metaverse will have over five billion users. The downsides of the Metaverse include regulatory uncertainty, money laundering, counterfeit NFTs, and trading scams. However, big firms are able to capitalize on this trend because they have a huge budget and a high degree of data privacy.
The Metaverse will offer a whole new level of entertainment. Gamers will be able to meet other players from all walks of life and make friends with AI avatars. In addition, players will be able to purchase virtual items in the marketplace to gain cryptocurrency. In the future, Metaverse gamers will also be able to build and sell their own game assets, a feature that will make Metaverse gaming different from other virtual worlds. As the platform develops, it is anticipated that it will feature additional content centers and a planet devoted to meditation and self-actualization.
Facebook’s recent transition from the social media giant to the virtual world called “Metaverse” has sparked considerable buzz. While the Facebook name change has certainly created a buzz, the hype surrounding the Metaverse is far more widespread. The Metaverse might be the biggest technological development since the internet was invented. As such, many big players in the technology sector, including Facebook, are focusing on creating a Metaverse. A “private” version of the virtual world is similar to Facebook’s office metaverse.