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Meta’s $10B Loss in Metaverse Business Sending Ripple Effect Across Sectors
Metaverse-related tokens took a hit in the past two days as Meta (formerly Facebook) reported a $10 billion loss on its augmented and virtual reality (VR) division in an earnings release earlier this week. How does the setback in Meta’s metaverse strategy impact the market perception of other digital worlds? “The Hash” panel weighs in.
Meta's $10B Loss in Metaverse Business Sending Ripple Effect Across Sectors
Metaverse-related tokens took a hit in the past two days as Meta (formerly Facebook) reported a $10 billion loss on its augmented and virtual reality (VR) division in an earnings release earlier this week. How does the setback in Meta's metaverse strategy impact the market perception of other digital worlds? "The Hash" panel weighs in.
Crypto Markets Beginning to Bounce Back
Bitcoin and other major cryptocurrencies are trending higher Friday, but what’s behind the bounce? Peter Marber, Chief Investment Officer at Aperture Investors, discusses his crypto markets analysis. Plus, his take on the contrast between El Salvador’s economy before and after BTC became legal tender, and thoughts on the IMF’s criticisms of the country’s bitcoin adoption.
Stacks Co-Founder on Launching ‘Trust Machines’ to Open Up to Web 3
Trust Machines, co-founded by Stacks founder Muneeb Ali, has raised $150 million in funding for expanding Bitcoin as a platform for Web 3 applications. Ali shares insights into the launch of Trust Machines and the implications for the future of Bitcoin’s infrastructure.
NBA All-Star Baron Davis on Empowering Underrepresented Communities Through NFTs
Baron Davis, former two-time NBA All-Star and serial entrepreneur, is launching the “More Than Us Venture Studio” to empower underrepresented communities to develop and create non-fungible tokens (NFTs) in the Web 3 space. Davis shares insights into the new infrastructure for NFTs, his investment thesis, and crypto journey.
What to Expect From House of Representatives’ Stablecoin Hearing Next Week
The House of Representatives will convene next Tuesday to discuss stablecoin regulation. The Senate Banking Committee will also hold its own hearing on stablecoins the week after. CoinDesk Global Policy and Regulation Managing Editor Nik De shares a preview.
Crypto Donations to Tor Surged 841% in 2021
Crypto donations to privacy-focused nonprofit the Tor Project surged 841% in 2021 from 2020 to $940,000. Of the nearly $1 million raised, 58% of the donations were in cryptocurrencies. The Tor Project Fundraising Director Al Smith discusses the potential factors driving the surge in charity to Tor.
Bitcoin Turns Lower From Bearish Trendline, Support at $35.5K
Bitcoin is staring at a support level of $35,500 after failing to penetrate critical technical resistance connecting highs reached in November and January, according to CoinDesk’s Omkar Godbole. The next support level is around $33,000, the low reached on Jan. 24. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems
El Salvador has been using technology from crypto software firm AlphaPoint to fix a series of problems that has plagued its state-run bitcoin wallet Chivo. AlphaPoint co-founder and CEO Igor Telyatnikov discusses the announcement and its role in El Salvador’s bitcoin adoption.
GameStop Taps Immutable X for NFT Marketplace, Launches $100M Gaming Fund
After hinting its plans for the metaverse in a Web 3 job posting in October, GameStop is partnering with layer 2 system Immutable X for the launch of its non-fungible token (NFT) marketplace. “The Hash” panel discusses the implications of the rollout amid continued NFT backlash in the gaming community.