In your nightly crypto news wrap-up, we bring you the top crypto stories. Price volatility is good news for ETH; Regulators circle crypto’s bloody waters; And the more we learn about what really went on with FTX, the more it looks like the crypto incarnation of Fyre Festival.
What We Discuss:
0:00 Intro
0:20 Deflationary Ether
1:21 Regulators Smell Fear
2:25 FTX Business Ethics Dumpster Fire
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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/2022/11/11/ether-turns-deflationary-as-amount-of-eth-burned-spikes-amid-ftx-induced-market-volatility/
https://decrypt.co/114193/california-announces-investigation-apparent-failure-crypto-exchange-ftx
https://www.theblock.co/post/185746/senators-moving-forward-with-sbf-backed-bill-after-ftx-collapse
https://decrypt.co/114198/ftx-crisis-opportunity-clarify-crypto-regulations-coinbase-ceo
https://www.youtube.com/watch?v=mz5kY3RsmKo&ab_channel=FyreFestival
https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
https://twitter.com/ftx_official/status/1591071832823959552?s=12&t=zMyJeNBqc—fKF008Or-w
https://twitter.com/WatcherGuru/status/1591086856925765632
https://www.wsj.com/livecoverage/stock-market-news-today-11-09-2022/card/ftx-needs-8-billion-bankman-fried-tells-investors-2RSa5oqZyZZ5YrPLuZuL
https://twitter.com/jpglilian/status/1591090384012136448
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation
The Metaverse and Cryptocurrency
The Metaverse is a virtual world that will be accessible through desktop computers, gaming consoles, and virtual reality glasses and headsets. It will allow millions of users to play, collaborate, and work with one another. Already, companies are testing the technology in various sectors. For instance, Epic Games recently announced that it will raise $1 billion for the development of its virtual world.
The Metaverse will be driven by entrepreneurs who will create content, provide services, and do useful things for the metaworld. However, this means that entrepreneurs need to find a way to monetize their services. For example, a virtual cinema can issue tokens for movie viewing rights. Other possibilities include using tokens as passes for events, club memberships, and even visits to another planet.
As the Metaverse grows in popularity, there are several companies looking to make their fortunes off it. Many investors have expressed interest in a potential partnership with an emerging startup to create a wildly popular virtual world. Some of the biggest investors in the project include Microsoft and Sony. Microsoft has also recently acquired the gaming giant Activision Blizzard, which pioneered the metaverse. Meanwhile, Sony has invested $1 billion into Epic Games, which is considered one of the top contenders in the field. In addition, another major player in the metaverse space is the Chinese tech conglomerate Tencent, which owns Riot Games.
Facebook has also expressed interest in establishing a presence in the Metaverse. According to the company, the Metaverse is the next evolution of social media. As a result, it plans to implement play-to-earn policies and monetize user time, a strategy that could potentially favor Facebook. With the free right to play and existing network effects, Facebook could have an edge in the metaverse. The Metaverse could potentially change the way we live, work, and play.
