In your nightly crypto news wrap-up, we bring you the top crypto stories. Goldman Sachs looks at the flip side of the “COIN”; Crypto has been thrown a lifeline; and the past 7 days hasn’t been all bad: you’ll be glad to know that DeFi is still alive and well.
What We Discuss:
0:00 Intro
0:17 Coinbase Stamp of Approval
1:38 Market Watch
3:30 Binance Recovery Fund
4:29 Bad News is Good for DeFi
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
Sources:
https://www.coindesk.com/markets/2022/11/14/goldman-cuts-coinbase-price-target-to-41-says-exchange-is-fairly-insulated-from-ftx-collapse/
https://www.theverge.com/2022/11/10/23451484/ftx-customer-funds-alameda-research-sam-bankman-fried
https://www.coindesk.com/business/2022/11/14/binance-starts-recovery-fund-for-crypto-projects-facing-liquidity-crisis/
https://investorplace.com/2022/11/tron-founder-justin-sun-promises-to-bail-out-ftx-will-his-plan-really-work/
https://twitter.com/1inch/status/1591142666309636096?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591142666309636096%7Ctwgr%5Ee8edbf88d53bbcc6c124f60b396abec4536b7b20%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F114364%2Fdefi-exchange-volume-hits-ftx-collapse
https://decrypt.co/114364/defi-exchange-volume-hits-ftx-collapse
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation
Facebook’s Metaverse Project Might Embarrass Zuckerberg
While the metaverse industry has been a hot topic in the tech community for a while now, it’s still unclear where it is heading. While many have made predictions, the numbers don’t look so good. One analyst predicts that by 2030, the metaverse market will reach $21.7 trillion. This includes cryptocurrencies, mixed realty technologies, and artificial intelligence.
Facebook is betting on the future of this emerging technology. The company renamed itself Meta Platforms in October, and plans to develop a virtual currency for the Metaverse. The move is a sign that the company is looking for a way to diversify away from its dependence on advertising revenue. As such, Facebook has been testing various products and services, and one of those products might be the embarrassment of Zuckerberg.
The metaverse allows users to create their own personal space and interact with others using a digital avatar. This avatar allows users to move, speak, and take action. The metaverse also allows users to build and sell virtual property, and to exchange it for non-fungible tokens. However, investors must be careful when investing in this space.
The Metaverse has the potential to revolutionize the way we work, socialize, and play. Facebook is among the biggest players interested in it, but it’s not the only company interested in this emerging technology. A number of other tech companies are also interested in Metaverse, and these companies are playing an important role in building its infrastructure. They’ll also have a say in the design of the Metaverse.
