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Access real-time blockchain and cryptocurrency news updates from around the globe.
Designing the metaverse: Location, location, location
When it comes to designing a metaverse map, it’s more about the vibe than practicality. From space pods to jungle islands and celebrity neighbors, users want to feel like they are someplace special.
What considerations go into designing a metaverse platform? Insiders explain that one key factor is that virtual worlds need to be created with features familiar to their human users — even if such elements, like beaches and nature preserves, offer no practical benefits in virtual reality. Old habits die hard, and people prefer spaces that are familiar and, ideally, neighboring a celebrity like Snoop Dogg.
Alexis Christodoulou, a 3D architect who has been creating virtual spaces for 10 years and NFTs for two, recently got the job to design 2117, a space-themed metaverse platform imagining the United Arab Emirate’s stated goal to colonize Mars in the year 2117.
“If I was told to just build a metaverse, I’d have had a proper nervous breakdown — starting with a space pod was intuitive.”
Outer space, like the metaverse itself, is a foreign environment for humans. Looking 100 years into the future, it is easy to imagine a creepy, inhuman, alien-like ship without many points of familiarity. Instead, Christodoulou has aimed to form the environment into one that appears comfortable, familiar and inviting.
Crypto self-custody a ‘fundamental human right’ but not risk-free: Community
Ethereum co-founder Vitalik Buterin warned that risks of having bugs in smart contracts are still present when opting for self-custody.
Crypto self-custody a ‘fundamental human right’ but not risk-free: Community
Ethereum co-founder Vitalik Buterin warned that risks of having bugs in smart contracts are still present when opting for self-custody.
Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next
BItcoin exchange inflows echo 2018 crypto capitulation, but the reasons for the largescale moves from Binance remain unclear.
Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next
Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.
Data from on-chain analytics platform CryptoQuant shows that on Nov. 18, a giant tranche of almost 60,000 BTC entered Binance’s wallet.
Exchange inflows highest since late 2018
BTC price contagion fears thanks to FTX insolvencies and related panic selling are ongoing.
Now, the latest on-chain figures from Binance could provide an additional catalyst for nervous markets — the exchange has seen its biggest daily inflow on record.
With Nov. 18 not over, partial data from CryptoQuant puts current inflows at over 138,000 BTC for the day so far.
FTX meltdown triggers FINRA into probing crypto comms
The examination comes in the wake of the FTX debacle, a crypto exchange found to be mismanaging customers’ funds by simply lying about their operations.
FTX meltdown triggers FINRA into probing crypto comms
The examination comes in the wake of the FTX debacle, a crypto exchange found to be mismanaging customers’ funds by simply lying about their operations.
Sam Bankman-Fried rumor mill running amok: Trading course, FBI extradition, FTX hack
A rumor claiming that former FTX CEO Sam Bankman-Fried filmed a master class on trading that was scheduled to be released in December floated on social media.
Metaverse ‘explosion’ will be driven by B2B, not retail consumers: KPMG partner
KPMG's incoming Head of Metaverse Futures Alyse Sue said the objective is to build a multi-million dollar business opportunity for the firm by 2025.
Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12.
Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Securities Commission of The Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12.
In a Nov. 17 statement, the SCB said it exercised its power as a regulator acting under the authority of a Supreme Court order — moving the assets to a “digital wallet controlled by the Commission, for safekeeping.”
SCB justified last week’s move by stating that “urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM.”
The latest revelation could shed some light on certain movements of funds detected last week.
On Nov. 11, the crypto community flagged a number of suspicious transactions in wallets tied to FTX and FTX.US, with analysts reporting around $663 million drained. $477 million were suspected to be stolen while the remainder was believed to have been moved to secure storage by FTX themselves.
Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12.
FTX names Kroll as claims agent, to update users on bankruptcy developments
Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.
US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX
Two crypto-unfriendly Democratic senators have sent a letter to the executives with a list of detailed and penetrating questions about the behavior of Bankman-Fried and his businesses.
Jump Crypto denies rumors that it intends to wind down due to FTX losses
According to Jump Crypto, the firm is “one of the most well-capitalized and liquid firms in crypto.”
$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K
Bears are better positioned for Friday’s $600 million BTC options expiry, but bulls can flip the tables if Bitcoin price trades above $18,000.
How a single strategy crypto algorithm gained 176.31% while Bitcoin tanked 65% in 2022
Warren Buffett said that “What we learn from history is that people don’t learn from history.” Crypto traders can change that.