Nanjing University in China has reportedly launched one of the country’s first majors dedicated to the study of knowledge related to the metaverse. The university, located in eastern China, said this new push is aimed at putting new courses related to the metaverse to help more students meet the needs of metaverse companies. Nanjing University will train Metaverse workers More universities and educational institutions are incorporating the metaverse as an element in their courses around the world. This time, Nanjing University, located in eastern China, will launch one of the country’s first metaverses in its newest metaverse.
Wednesday’s FOMC meeting and its subsequent results had a profound impact on the state of the crypto market. Given the large swings in price during and after the meeting, liquidation volume increased rapidly across the market. Tens of thousands of retailers were caught in the crossfire in what turned out to be the biggest liquidation trend in months. Crypto liquidations reach $330 million On Wednesday, the Fed announced it was raising interest rates by another 0.75 basis points. This decision directly affected the crypto market as well as the broader macro markets, causing the price of bitcoin to fall by
Global investment bank JPMorgan sees little demand for cryptocurrencies as a means of payment. However, the bank noted that cryptocurrencies are getting “bigger and bigger” in the gaming sector, including the metaverse. JPMorgan sees little demand for cryptocurrencies as a payment tool Global head of payments for JPMorgan’s Corporate & Investment Bank division, Takis Georgakopoulos, spoke about client demand for cryptocurrency as a payment method in an interview with Bloomberg Television this week. He said: We have seen a lot of demand from our customers, say up to six months ago. We see very little at the moment. Noting that
Data shows that the crypto market has been in fear for 171 days, will the streak continue in October and reach 200 days? The Crypto Fear and Greed Index indicates an extremely scary market According to the last weekly report from Arcane Researchthe crypto market continues to show fear since April this year. “index of fear and greed” is an indicator that measures the general sentiment among investors in the cryptocurrency market. To represent sentiment, the metric uses a numerical scale ranging from zero to one hundred. All index values above 50 imply that the market is greedy, while those
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under the revised regulatory framework, two-thirds of the directors of crypto exchanges must be Indonesian citizens residing in the country. Indonesia plans to tighten crypto regulation Indonesia is preparing to issue new rules to tighten regulation of crypto exchanges, officials from the country’s trade minister and Commodity Futures Trading Regulatory Agency (Bappebti) said at a parliamentary hearing in Jakarta on Tuesday. One of the new rules requires that two-thirds of crypto exchange directors be Indonesian citizens residing in the country. Didid Noordiatmoko, acting head of Bappebti,
In this episode of NewsBTC daily technical analysis videoswe examine the total cryptocurrency market cap (TOTAL) following the Ethereum merger disappointment and Bitcoin’s sideways price action and try to understand how long the crypto winter can last. Watch the video below: Source link
The Indian government is reportedly planning to finalize its position on the legality of cryptocurrency by the first quarter of next year to become compliant with the Financial Action Task Force (FATF). “We will complete our responses by February-March 2023. We have to respond to the FATF by May,” a government official said. India finalizes crypto stance The Indian government is finalizing its position on the legality of cryptocurrency to submit its response to the Financial Action Task Force (FATF) on the country’s “mutual assessment” by early 2023, Business Today reported on Monday. “The revenue department has already sent its
In the last 24 hours, thousands of crypto traders have lost their positions in the market. Liquidations intensified, especially after the price of Bitcoin fell above $19,000. This caused one of the biggest liquidations of 2022, with traders losing hundreds of millions of dollars in the span of a single day. More than 125,000 Trader Rekt In the 24 hours after bitcoin fell to $18,000 territory, more than 125,000 had liquidated positions. That was more than $410 million lost in the past day. Not surprisingly, the vast majority were long-term traders who bet on the market and saw another rally.
Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud following the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists he is not “on the run.” Police say Do Kwon is not in Singapore The Singapore Police Force (SPF) reportedly said on Saturday that Terraform Labs founder Kwon Do-hyung, also known as Do Kwon, is currently not in the city-state. In an emailed response to an AFP inquiry, police said: Do Kwon is currently not in Singapore. The SPF
Alternative investment firm Valkyrie has added $73.6 million in capital to two crypto-focused funds. Valkyrie initially had $1.2 billion in assets under management at the end of the second quarter. This information is contained in amended filings with the United States Securities and Exchange Commission (SEC). Over the years, crypto investments and decentralized finance have proven to be an excellent alternative to the traditional financial system. This could be because DeFi has a way of boycotting bureaucracy in the financial system. Decentralized finance (DeFi) allows the use of digital ledger technologies. Digital technology enables investors to access and control their