Nystrom explains that he expects Meta to build “moats” around the metaverse, creating digital walled gardens, so that the holding company and its family of networks (for example, Facebook) have the ability to make money off it. Digital worlds like Sandbox and Decentraland, by contrast, will allow developers and gamers to make money for themselves. Source link … [Read more...] about Decentraland’s MANA Jumps 80% as Facebook Rebrand Fuels Metaverse Bets
Bets
Bullish Ethereum traders can place risk-averse bets with this options strategy
Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance.Although Ether is not yet a fully deflationary … [Read more...] about Bullish Ethereum traders can place risk-averse bets with this options strategy
DeFi industry draws in commercial banks? Siam bets with $110M fund
While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors.For Siam Commercial Bank (SCB), DeFi is a major focus point of its current … [Read more...] about DeFi industry draws in commercial banks? Siam bets with $110M fund
Crypto bets via Bitcoin, Ethereum, XRP are fueling illegal gambling in Asia
The acceptance of top cryptocurrencies like Bitcoin, Ethereum, and XRP on gambling sites are part of the reason why illegal online gambling is rising in Asia, a report from the Asian Racing Federation (ARF) said earlier this week.Macau’s famed ‘junkets’—businesses that act as middlemen for Chinese high-rollers who make up half the city’s gambling revenue—are said to be using … [Read more...] about Crypto bets via Bitcoin, Ethereum, XRP are fueling illegal gambling in Asia
Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook
Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24.3 Bitcoin ($1.35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today.“In recent times, the Board observed increasing popularity of cryptocurrencies in the … [Read more...] about Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook