Author: Donald Munn
PRESS RELEASE The leading digital asset and cryptocurrency trading platform MEXC Global announces an ecosystem fund of $150 Million, together with Huobi Global and Bybit, to support the ecosystem growth of Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralized machine learning network for smart infrastructure. What is Fetch.ai Known as a prestigious AI and machine learning-based blockchain platform, the Fetch.ai network is building its ecosystem with the goal of being a competitive public chain for professional developers to build upon it and empower business solutions in many areas. The Fetch.ai blockchain is an interchain protocol, based…
Meta Platforms Inc announced that it will test new content and ad placement tools in 2022 to better serve its brand customers on Facebook and Instagram. Meta will test new tools for Facebook and Instagram ads Meta reportedly said it will use 2022 to test new ad content and placement tools so that its brand customers on Facebook and Instagram don’t see their ads appear next to inappropriate content. Basically, the tools will allow brands to prevent their ads from being placed next to content such as posts about politics, tragedy or violence. The company is presuming that after a…
Over the past two weeks, China has seen a resurgence of Covid 19 infections. This is causing problems for the car industry, particularly Tesla. The return of Covid The pandemic seemed to have receded and the world was back on its feet, but the problems are far from over. Just when the economies were rebounding and the markets seemed to be dealing with “only” the problem of inflation, a war broke out in Europe (the second largest global market and the largest in terms of trade with Moscow) between Russia and Ukraine. But war and inflation, although discussed for their…
Heineken has launched Silver Beer into the Decentraland metaverse: beer with no calories, no hidden ingredients and… no beer. This is the claim of one of the commercials presenting the product that marks Heineken’s entry into the metaverse. Heineken silver, the beer of the Decentraland metaverse The new beer was presented by the company with the irony that distinguishes the brand, at an event hosted on Decentraland in the presence of Bram Westenbrink, global head of Heineken. Or rather, his avatar was present. The beer is obviously not made with wheat, but with pixels, code and nights of tireless programming…
A few days ago, Amazon launched a paid-for 3D online game in which players move through a virtual city helping people solve real-world technology problems and use cases through the cloud. This is Amazon’s first experience in the virtual world of the metaverse. Amazon’s game in the metaverse The new game, according to Bezos’ plans, should give new impetus to its AWS service, which now bills more than just its ecommerce business. The game is called AWS Cloud Quest: its operation seems rather simple and intuitive. In a nutshell, the game developed by the company’s technology team aims to help…
Bitcoin Analysis Bitcoin’s price was mostly static for its daily session on Monday and concluded its daily candle in red figures and -$218. The first chart we’re looking at today is the BTC/USD 1W chart below from Sporia. The chartist points out that historically the drawdown from the peak of each cycle to the 200 week moving average is 400 days. The 200 week moving average for BTC is $20,695.36, at the time of writing. The drawdown from the peak of each cycle to the 200 week moving average is 400 days The second bitcoin chart we’re analyzing today is…
Yesterday Galaxy Digital announced that Goldman Sachs has made its first trade in Bitcoin, an OTC crypto options trade. Goldman Sachs’ first transaction in Bitcoin The official press release states that this would be a unique transaction by a major US bank. The exchange was facilitated by Galaxy Digital’s own trading unit, through which Goldman Sachs Group executed its first OTC crypto transaction using a non-deliverable option (NDO) in Bitcoin. The NDO is a contract that allows for a position on the future price of Bitcoin without having to actually buy the digital asset itself (BTC). This is the first…
The launch of Ethereum 2.0, or the so-called “Consensus Layer” on the Beacon Chain, will revolutionize the way transactions are validated. The difference with Bitcoin: the move to PoS In particular, transactions will no longer be recorded on the current legacy blockchain based on Proof-of-Work (PoW), but on the new Beacon Chain based on Proof-of-Stake (PoS). The first consequence is that Ethereum will differ from Bitcoin in this respect. Bitcoin is now increasingly a financial asset, rather than an advanced and complex value exchange network, and with the move to PoS, Ethereum will be setting itself apart. However, it is…
The SEC once again postpones its decision to approve (or permanently reject) an ETF based on spot Bitcoin. ETF on spot Bitcoin, the SEC takes its time As can be read in response to the CBOE exchange’s application to list WisdomTree’s spot Bitcoin ETF, the SEC would have had 45 days to make a decision, which was due to expire on 31 March 2022. Anticipating the timing slightly, the Securities and Exchange Commission has announced that it is extending this period by an additional 45 days. The text reads: “The Commission finds that it is appropriate to designate a longer…
“War and Art” continue to go hand in hand these days, and Czech artist Václav Kudělka has re-imagined the logos of companies that have left Russia, imagining their slogans against Russian President Vladimir Putin. Václav Kudělka’s logos dedicated to companies that have left Russia Not only sanctions, the Russia-Ukraine war also involves large multinational brands that have chosen to leave the country in dissent of Russian President Vladimir Putin’s operations. The Czech artist Václav Kudělka has published 16 new reimagined logos of these companies against Putin, picturing what they would say if they could speak. Here is how Kudělka describes…