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Crypto exchange giant FTX has officially filed for chapter 11 bankruptcy as rumors continue to fly surrounding Sam Bankman-Fried and the fall of his FTX Empire. JPMorgan thinks Bitcoin (BTC) could plunge to $13K following the FTX Crisis.
“What makes this new phase of crypto deleveraging induced by the apparent collapse of Alameda Research and FTX more problematic is that the number of entities with stronger balance sheets able to rescue those with low capital and high leverage is shrinking.”
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TimeStamps: (check back after vid done processing:
Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3fYodrE
✔ FTX Files For Chapter 11 Bankruptcy: https://bit.ly/3GpMYb9
✔ FTX / SBF Rumors Continue to Fly: https://bit.ly/3UL3KVU
✔ SBF Apologizes For FTX Criss, Says I F’d Up Twice: https://bit.ly/3hAGfAq
✔ Twitter Files for Payment Business: https://bit.ly/3fV49GD
✔ JPMorgan Thinks Bitcoin Could Plunge to $13K: https://bit.ly/3TvFbeq
🔴 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 #ftx #crypto #bitcoinnews #btc
Mark Zuckerberg and the Metaverse
The Metaverse is a virtual world in which users can play and own virtual lands, earn money, and collaborate with others. This virtual world will be accessible on mobile devices, desktop computers, game consoles, and virtual reality headsets. It is expected to allow millions of users to interact and work together. Already, companies like Epic Games and Roblox have begun marketing their services in the metaverse.
Mark Zuckerberg, CEO of Facebook, has referred to the Metaverse as the next big thing. He has said that the social media company will be known as a “metaverse company”. The term was first used in 1992 by science fiction author Neal Stephenson, and has evolved to include augmented reality, blockchain technology, and virtual reality. The concept of a “metaverse” was introduced to the public with Ernest Cline’s Ready Player One, which became a popular movie in 2018. In 2014, Facebook bought the virtual reality hardware platform Oculus.
The future of the Metaverse will be driven by entrepreneurs. These entrepreneurs will provide services and content to the metaverse, and must find ways to monetize their offerings. For example, online cinemas could issue tokens to allow viewers to watch a movie. Or, they could use tokens to allow people to enter clubs or events.
While the Metaverse might be a new internet addiction, there are a few risks associated with it. One of the biggest is that it could cause users to lose contact with their real-world friends. Using the Metaverse for longer than necessary is likely to cause addiction, and it is important to exercise self-control and cut off invisible ties. Moreover, the cost of the hardware and software required to access the Metaverse is high. This could result in a wealth disparity in the future.
