In brief Walmart has launched online game worlds in Roblox, a popular Web2 gaming platform. The retailer previously filed for trademarks related to the metaverse and cryptocurrency. Brands are making bets on the metaverse—the immersive, future internet—and retail giant Walmart just joined the party today with the launch of two worlds in Roblox, a popular massively multiplayer online game. The…
Google Cloud’s Web3 Lead at Mainnet 2022: The Problem With Crypto ‘Purity Tests’ Rich Widmann, the Web3 lead at Google Cloud, tells Decrypt’s Dan Roberts and Kate Irwin in our Decrypting Mainnet series at Mainnet 2022 how Google Cloud is trying to “build a giant bridge” between Web2 and Web3, and the problem with crypto “purity tests.” Source: https://decrypt.co/videos/live-events/YL1xPyRp/google-clouds-web3-lead-at-mainnet-2022-the-problem-with-crypto-purity-tests
The United Kingdom is in focus following the British pound’s fall to a new all-time low against the United States dollar. The sell-off was triggered by the aggressive tax cuts announced by Prime Minister Liz Truss’s government. The 10-year gilt yields have soared by 131 basis points in September, on track for its biggest monthly increase since 1957, according to…
Luna Classic, the original token of the failed Terra blockchain, appears to be making a comeback following an announcement that the world’s largest crypto exchange, Binance, has a plan to cut the token’s supply. The token, which trades as LUNC, is up roughly 40% in the last 24 hours, according to CoinGecko, making a miraculous return to the top 35…
It’s no secret that the bitcoin bear market is bad right now. According to some metrics, it’s one of the worst downturns in Bitcoin’s young history. And few sectors of the Bitcoin economy are as harshly affected by current market conditions than miners. But bear markets are precisely when mining winners are separated from losers: The agile and smart teams…
Institutional investor Bitcoin sentiment turned pessimistic on Friday as short Bitcoin inflows hit an all-time high, according to a new report from CoinShares. Short Bitcoin funds give investors exposure to derivatives, like futures and options, that bet against the price of Bitcoin. While investors can enter into those contracts directly, the CoinShares report tracks the flow of funds for exchange-traded…
Walmart has entered the metaverse with the launch of Walmart Land and Walmart’s Universe of Play on Roblox. The metaverse gaming platform has 52.2 million daily active users and 11.3 billion engagement hours. “Our customers are spending loads of time there,” said a Walmart executive. Walmart Entering the Metaverse U.S. retail giant Walmart announced Monday the launch of “Walmart Land”…
On Sept. 26 the British Pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increase to curb the impact of a possible economic recession. The volatility simply reflects investors’ doubts about the government’s capacity to withstand the growing costs of living across the region. The U.S. dollar has been the clear…
Singapore’s largest bank, DBS has announced another move to expand its crypto services, while remaining cautious to comply with the financial authorities’ view that crypto assets are not suitable for retail investors in the country. On Friday, the bank disclosed its decision to expand crypto trading services on its digital exchange (DDEx) to approximately 100,000 “wealth clients who are accredited investors.”…
According to DeFi Llama, UwU Lend, a decentralized finance, or DeFi, protocol that acts as a money market on the Ethereum blockchain, has surpassed $50 million in total value locked (TVL). The non-custodial protocol was created by Michael Patryn, known by the pseudonym “Sifu,” who was the co-founder of defunct cryptocurrency exchange QuadrigaCX. UwU Lend allows users to earn interest…
