Browsing Archive June, 2022
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Metaverse can’t be built on the corporate business model, says EY innovation lead
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Jones believes the established firms need to focus on community engagement first before jumping on a trend like NFTs.

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Voyager Digital issues notice of default to Three Arrows Capital
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Voyager said that it will continue to operate and fulfil their customers’ orders and withdrawals amid its current issues.

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Bitcoin price dips under $21K while exchanges see record outflow trend
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Someone is buying the dip with conviction as the start of Wall Street trading drags the market lower.

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Goldman Sachs downgrades Coinbase stock to ‘sell’
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The United States cryptocurrency exchange has seen its stock price plunge in lockstep with Bitcoin, Ether and the broader digital asset market.

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NFT​.NYC — How the Web3 space is validating the work of digital artists
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The Digital Diaspora, an event hosted at Samsung 837 during the week of NFT.NYC, beamed a spotlight on some of the most prominent Black artists within the NFT ...

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Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
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LUNA2 may have bottomed in June but who just who is buying this controversial token?

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Educating regulators will help mitigate risks, says Figment exec
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Robert Ellison noted that a regulatory framework for staking is achievable because the concept is very easy to understand.

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Metaverse fractional ownership to form similarly to property loans: Casper exec
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Ralf Kubli said that smart contracts can create fractionalization agreements and divide plots of metaverse land that can be leased out individually.

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Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
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Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi.

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Less than 1% of all holders have 90% of the voting power in DAOs: report
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A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal and hold between 1% and 4% to pass it.

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