Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply â Economics Bitcoin News
[ad_1] The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal âblueâ dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in […]
Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50% â Mining Bitcoin News
[ad_1] Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power fees makes mining hosting an unprofitable business in […]
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse â Metaverse Bitcoin News
[ad_1] The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for […]
Microsoft CEO Satya Nadella Praises Metaverse ‘Sense of Presence,’ Calls It ‘Game-Changing’ â News Bitcoin News
[ad_1] Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse tech is âgame-changing.â Microsoftâs Satya Nadella […]
Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program â Fintech Bitcoin News
[ad_1] The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank […]
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance â Regulation Bitcoin News
[ad_1] An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid cryptoâs ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial supervision and regulation division of the IMF, and Bo Li, deputy […]
WEF Unveils Global Collaboration Village Metaverse Platform â Metaverse Bitcoin News
[ad_1] The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global collaboration efforts efficiently. WEF to Promote Metaverse-Based […]
Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case â Exchanges Bitcoin News
[ad_1] A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldnât retrieve his funds from the platform, received almost $2,000 in damages and the funds deposited as part of the court […]
WEF Predicts Metaverse Tech Will Change Industry First, Moving to the Consumer Space Later â Metaverse Bitcoin News
[ad_1] The World Economic Forum (WEF) has published an article predicting how metaverse tech will evolve and how it will be introduced in different sectors. For the organization, the biggest impact of the implementation of this tech will be observed in industrial environments, where it will contribute to carrying out more tasks and reducing expenses. […]
Bill Gates Props Up AI Against Metaverse and Web3 Tech â News Bitcoin News
[ad_1] Bill Gates, the co-founder of Microsoft, has given his opinion about the relevance of Web3, metaverse, and AI (artificial intelligence), a set of technologies in development today. Gates stated that AI was âthe bigâ revolutionary technology that is comparable to what the internet was in the year 2000. Bill Gates Considers AI Tech âRevolutionaryâ […]