CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News!
As reported by U.Today over the weekend, an astounding 13,369 Bitcoin were bought in a single transaction by a crypto whale, who paid a whopping $313.1 million for that BTC lump.
This was the biggest single transfer over the previous four weeks, according to the data published by Santiment. The BTC was transferred to a brand new wallet, so the market may have seen a birth of a new Bitcoin whale.
Bitcoin market stance
Since Feb. 1, Bitcoin has been declining, losing 5.72% overall. As the month started, BTC surged to the $24,197 zone. However, the jobs report released after that made the price begin to decline.
The U.S. Bureau of Labor Statistics reported that, in January, 517,000 new jobs were created, which was more than twice what analysts had predicted. Currently, the major crypto is changing hands at the $22,787 level on the Bitstamp exchange.
Last week, a United States judge issued a summary judgment in the LBRY vs SEC case, deciding to limit the Securities and Exchange Commission’s (SEC) oversight in secondary crypto markets. This could have a positive impact by establishing a precedent for securities law, which could then be used in the Ripple vs SEC ruling, as the latter uses the ambiguous “secondary market” terminology in its Ripple case.
Furthermore, an article was published by the London-based IG bank. It deals with the Ripple Labs vs SEC case, stating that if positive, the outcome could cause the XRP price to skyrocket and benefit the cryptocurrency market as a whole.
Crypto Law founder and Ripple advocate John Deaton expressed reservations about the SEC commissioner’s statement that their case is weak.
Despite these new pieces of information, there are no definite XRP news in regard to the resolution of the XRP vs SEC case.
A positive outcome for Ripple will send an encouraging message to Fintech companies, attracting them to the United States as a result. The inverse outcome will almost certainly result in a mass exodus of crypto companies and talent.
What is the Metaverse?
The metaverse is a vision of a new digital world that’s shared, immersive, persistent and based on 3D virtual reality technologies. Many of the technologies that underpin this new digital world are evolving quickly. But others are probably years off or might never materialize.
The concept has been around for decades and is rooted in sci-fi books such as Ready Player One and Snow Crash, as well as films like Inception and Ex Machina. And now it’s becoming a reality with tech giants such as Facebook, Microsoft and Google diving into metaverse projects in hopes of shaping the future.
A thriving and exciting new world
Metaverse offers opportunities for businesses of all kinds, from gaming to social media to workplace collaboration and VR/AR-powered virtual events. The technology also brings opportunities for new e-commerce experiences and an expanded creative economy.
Gen Z is the most experienced market
Nearly all members of Generation Z (98%) own a smartphone, and this generation is increasingly turning to VR and metaverse games as a way to escape real-life challenges. The technology is also a key selling point for many brands seeking to tap into the spending power of this group.
Creating trust
The new digital realms in the metaverse are emerging with new opportunities for brand reputation, cybersecurity and anti-fraud initiatives. Companies should communicate early about what to expect and how to mitigate potential risks.
Build on key concepts
The key elements that would underpin a true metaverse are maturing quickly, so it’s essential to get started now. These include innovation to transform the digital economy, enhance interoperability for digital environments, create digital identities that consumers and organizations can fully own, set new rules for governance, create more immersive digital experiences and make these experiences more persistent.
