Microsoft today announced it is acquiring game publisher Activision Blizzard in a nearly $69 billion all-cash deal. The acquisition is being widely seen as a big bet to keep Microsoft competitive in the burgeoning metaverse space. On today’s episode, NLW gives the background and explores the emerging battle between the corporate and the open metaverses. Source link … [Read more...] about Microsoft Bets on ‘Metaverse’ With $69B Acquisition of Activision Blizzard
Bets
Stacks Network’s STX Token Jumps 50% While Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets
In July, Dorsey said Square would launch a platform for developers to create “decentralized finance” projects built on bitcoin. At Twitter, Dorsey spearheaded Bluesky – a project aimed at turning the social media company into a decentralized protocol. According to Platformer’s Casey Newton, Twitter’s new CEO, Parag Agarwal, has been among executives most focused on … [Read more...] about Stacks Network’s STX Token Jumps 50% While Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets
Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Decentralized finance (DeFi) is fast becoming a preferred avenue to hedge smaller cryptocurrencies beyond bitcoin (BTC) and ether (ETH), as leading centralized derivative exchanges like the Chicago Mercantile Exchange and Deribit remain fixated on the two market leaders.Singapore-based QCP Capital, an early investor in the dominant centralized crypto options exchange Deribit … [Read more...] about Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets
Loopring (LRC), an Ethereum-based project that allows developers to build their own decentralized exchanges, has jumped a stunning sevenfold in price just this month, nearing a market valuation of $4 billion.Analysts attributed the price jump to speculation ranging from GameStop-related rumors to the project’s potential usefulness in metaverse development.“The sizable and … [Read more...] about Loopring Price Up 7-Fold This Month on GameStop Speculation, Metaverse Bets
Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
“The committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the Fed’s monetary policy committee, known as the Federal Open Market Committee, or FOMC, said in the statement. Source link … [Read more...] about Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets