Coinbase and Gemini reconsider XRP listing after court ruling

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• Top Metaverse investments plunge – What’s going on?

  TL;DR Breakdown Prices of metaverse lands have drastically fallen between 2022 and 2023, following a booming bull market in NFTs. As of May 24, 2023, metaverse land costs range from 0.37 to 1.09 ETH, with the most expensive being Otherdeeds by Yuga Labs and the cheapest in Voxels. In the peak of the NFT bull market, metaverse lands cost up to 7.50 ETH, with Otherdeeds being the most expensive, followed by Somnium, Decentraland, The Sandbox, and Voxels. The world of virtual real estate has been in a spin, with metaverse land prices plummeting in the past year. This comes in the wake of a roaring bull market in non-fungible tokens (NFTs) that saw prices of digital land parcels soar to unprecedented levels. Now, however, the once high-flying investments have hit a significant rough patch, with prices of metaverse land dropping drastically between 2022 and 2023. Sinking values in the Metaverse As of May 24, 2023, the cost of owning a plot in the metaverse ranges from 0.37 to 1.09 ETH, with prices differing among various virtual real estate projects. Interestingly,…

  Article 2023年5月30日

• Upland takes philanthropy to the metaverse: NFTs to support equitable playground access

  TL;DR Breakdown Upland is launching an NFT collection to fundraise for KABOOM!, a non-profit that builds playgrounds in historically underserved neighborhoods. This initiative, blending metaverse assets with tangible charitable goals, marks Upland’s continued efforts in digital philanthropy, following previous successful collaborations with UNICEF Brazil. Description In a move showcasing the possibilities of the virtual realm merging with tangible world projects, Upland, a renowned metaverse platform mapped to real-world locations, is paving the way for charitable endeavors in the digital space. This time, the focus is on ensuring that children across historically disadvantaged neighborhoods have access to playgrounds. Metaverse’s in-game map … Read more In a move showcasing the possibilities of the virtual realm merging with tangible world projects, Upland, a renowned metaverse platform mapped to real-world locations, is paving the way for charitable endeavors in the digital space. This time, the focus is on ensuring that children across historically disadvantaged neighborhoods have access to playgrounds. Metaverse’s in-game map assets, akin to NFTs, play a pivotal role. Contents hide 1 Metaverse meets philanthropy: Upland’s unique approach 2 Playgrounds for a cause:…

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• White House plans talk on debt ceiling deadline with Republicans

  TL;DR Breakdown The White House and top congressional Republicans have restarted talks on raising the U.S.’ $31.4 trillion debt ceiling to avoid default. The Treasury Department warns of a potential inability to pay all federal bills by June 1, stressing urgency. The negotiations are complicated, with Republicans advocating for spending cuts and Democrats aiming to keep the spending steady. The White House, under the administration of Democratic President Joe Biden, has reignited discussions with top congressional Republican Kevin McCarthy over the issue of the United States’ pressing debt ceiling. The current $31.4 trillion cap must be raised to avert a calamitous financial default. The debt ceiling countdown As the clock ticks towards a potentially detrimental default, the Treasury Department has raised alarm bells that without the needed legislative intervention, the federal government may falter in meeting its financial obligations as soon as June 1. This leaves barely any breathing room as passing such legislation through a delicately balanced Congress would require several days. The seriousness of the issue is echoed by U.S. bond giant PIMCO, indicating that to meet the…

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• Geist Finance shuts down forever following significant losses from Multichain exploit

  TL;DR Breakdown Geist Finance, a lending protocol operating on the Fantom network, has announced its permanent shutdown following significant losses resulting from the Multichain exploit.  The problem arose when the Chainlink oracles began listing the values of the non-bridged, or “real,” versions of each coin values that were more than four times higher than their Multichain derivatives.  The Company explained that this discrepancy made it impossible to reenable lending, as it would result in bad debt for holders of non-Multichain coins. Description Geist Finance, a lending protocol operating on the Fantom network, has announced its permanent shutdown following significant losses resulting from the Multichain exploit. In a social media post on July 14, the Geist development team confirmed that lending and borrowing activities would not be reopened. The protocol’s contracts were initially paused on July 6, followed … Read more Geist Finance, a lending protocol operating on the Fantom network, has announced its permanent shutdown following significant losses resulting from the Multichain exploit. In a social media post on July 14, the Geist development team confirmed that lending and borrowing…

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• Binance CSO unravels the process of crypto theft on the darknet

  TL;DR Breakdown Binance CSO Jimmy Su has described the step-by-step process of crypto theft in the darknet. Analysts advise crypto users to safeguard their funds and assets. Description In the murky depths of the dark web, a thriving ecosystem of hackers has set their sights on cryptocurrency users with lax security practices. Jimmy Su, the Binance CSO, a leading cryptocurrency exchange, revealed that hackers have shifted their attention to crypto end-users in recent years. While exchanges have bolstered their security measures, hackers adapt … Read more In the murky depths of the dark web, a thriving ecosystem of hackers has set their sights on cryptocurrency users with lax security practices. Jimmy Su, the Binance CSO, a leading cryptocurrency exchange, revealed that hackers have shifted their attention to crypto end-users in recent years. While exchanges have bolstered their security measures, hackers adapt by exploiting the weakest links in the chain. Su described this hacker community as a well-established ecosystem comprising four distinct layers: intelligence gatherers, data refiners, hackers, and money launderers. The Binance CSO lays down the steps in crypto theft…

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