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2022-02-24 13:00:51 Manchester City partners with Sony to create first football stadium in the metaverse

City has joined forces with Sony to help fans be a part of every game from wherever they are. The project, still in the early phases of its three-year duration, has seen virtual reality specialists do an initial digital mapping of the club’s stadium to develop a virtual reality stadium. This venture has the potential to bring in huge revenues for the club, considering the club’s Twitter has $11.6M followers.

The club’s stadium, known as the Etihad, will be the core component of a virtual reality world made possible by Sony’s Hawk-Eye tracking technology and image analysis expertise.The chief marketing officer of City, Nuria Tarre, had this to say about the anticipated metaverse experience.

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2022-02-23 12:38:02 Bukele to propose granting Salvadoran citizenship to foreign investors

El Salvador President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country as well as other initiatives to reduce government hurdles in order to attract investment projects.

Bukele did not specify whether the bills would be aimed exclusively at bitcoin-linked entrepreneurs, but during the week he referred to El Salvador as "the land of #Bitcoin freedom." "I'm sending 52 legal reforms to congress to remove red tape, reduce bureaucracy, create tax incentives, citizenship, in exchange for investments, new securities laws, stability contracts, etc," Bukele said on Twitter.

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2022-02-22 11:08:02 Young Nigerians defy govt ban, as they continue to seek financial freedom by investing in crypto assets

Nigerians trading such assets avoid terms that may give them away to the settlement banks to avoid the ban, while others deploy digital wallets and other forms of peer-to-peer platforms of functions.

Some innocent traders release assets to buyers, who often tell them they do not pay until they take ownership of the underlying asset, which contradicts rules set by the exchanges. A property broker told The Guardian he would always be a friend of USDT even though he may never trade in risky coins.

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2022-02-21 11:33:02 Fed Bans Officials From Trading Stocks, Crypto Following Ethics Scandal

Senior staff at the Federal Reserve will no longer be able to hold cryptocurrencies, among other assets such as stocks, according to an announcement today.

In a Friday statement from the Federal Open Market Committee (FOMC), the branch of the Fed that determines the direction of monetary policy, the new rules laid out for “investment and trading activity of senior officials.”

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2022-02-20 10:24:02 Crypto Mining GPU Pricing Plummets as Demand Cools

The cards have been listed on the price comparison website Geizhals for a month now, giving us a glimpse at the GPU's pricing evolution in that time-frame.

As we've recently seen, mainstream GPUs from both Nvidia and AMD have been dropping in pricing since December 12th as well, owing to the cooling demand, increasing stock levels, and highly inflated pricing. One would expect cryptocurrency-specific graphics card pricing to fall quicker considering how their headless design renders these cards useless as main system drivers.

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2022-02-19 05:16:02 Morgan Stanley finds ETH poses greater investment risk than BTC

Morgan Stanley Wealth Management recently noted that Ethereum currently takes lead in market share in the decentralized finance and non-fungible token sectors. Morgan Stanley stated that Ethereum may lose smart contract platform market share to faster and cheaper alternatives.

Morgan Stanley further suggested that Ether poses a bigger investment risk compared to Bitcoin as fewer transactions per user are needed to utilize BTC. However, Ethereum demand is tied closely to transactions the network's scaling limitations could hurt the demand for ETH more than Bitcoin demand.

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2022-02-18 11:04:02 North Korea's Hackers Cash In On Cryptocurrency

Hackers affiliated with Pyongyang have drastically stepped up cryptocurrency heists and money laundering to fund its illicit weapons programs, with the total value of stolen cryptocurrency rising by 40 percent over the past year, according to a blockchain data analysis company on Wednesday.

Although the number of thefts of cryptocurrency gradually dropped between 2018 and 2020, the total value of stolen cryptocurrency rose between 2019 and 2021.

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