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2022-10-07 05:07:03 MakerDAO to Move $500 Million Into U.S. Treasuries and Bonds

Like other stablecoins issuers, the DAO is transitioning its reserves towards reliable government debt. The decentralized stablecoin protocol MakerDAO has committed to converting $500 Million of its DAI reserves into bonds and U.S. treasuries. This marks the decentralized autonomous organization (DAO)’s the first investment.

As MakerDAO explained over Twitter, MKR holders voted to deploy its peg stability module’s USDC on liquid bonds, using its recently created real-world asset Maker Vault. Only 1 million DAI worth of collateral has been deployed thus far, with the remainder requiring more executive votes to reach the newly established 500 million DAI debt ceiling. Likewise, Circle and Paxos – custodians of USDC and BUSD respectively – revealed in July that their reserves are solely backed by either cash or U.S. government debt.

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2022-10-07 04:14:04 The China Tech Giants Chasing $8 Trillion of Metaverse Gold

China’s tech giants are finding the call of the metaverse just as irresistible as their US counterparts. Companies such as Tencent, ByteDance, NetEase and Alibaba are racing to build devices and software to shape a virtual market that Morgan Stanley estimates will eventually be worth $8 trillion in China alone. “Yuan yu zhou,” the Chinese translation of metaverse, has become a buzzword with the China National Intellectual Property Administration (CNIPA) receiving at least 16,000 trademark applications containing the term as of February. While the full realisation of the metaverse, pitched as an ever present interconnected ecosystem of virtual worlds that replicate real life.

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2022-10-07 03:07:03 Elon Musk filing says twitter $twtr deal could close on or around Oct 28th

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2022-10-07 00:41:03 South Korea Reportedly Freezes Do Kwon's Crypto Worth $40M — Luna Founder Says the Funds Are Not His

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2022-10-06 23:47:02 ​​EU agrees on text of the first-ever regulatory Bitcoin framework -Link

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2022-10-06 23:20:10 Near Protocol partners with Google Cloud to support Web3 devs

Near Foundation has announced a new partnership between Google Cloud and Near Protocol, providing infrastructure for Near’s Web3 startup platform, Pagoda. According to an Oct. 4 announcement, this partnership will allow Google Cloud to provide “technical support” to Near grant recipients by providing infrastructure for Near’s Remote Procedure Call node provider to Pagoda. Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. It utilizes sharding technology to achieve scalability and, as a competitor to Ethereum, is also smart-contract capable and a proof-of-stake blockchain.

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2022-10-06 22:54:03 EU Blocks All Russian Access to #Crypto Over Ukraine Referendums

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2022-10-06 22:40:08 Dubai Chamber launches new training academy to immerse digital startups in metaverse

Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, in collaboration with the SEE Institute, has launched the ‘Future of the Digital Economy: Business in the Metaverse’ Academy, the first-of-its-kind specialized training program designed to equip digital startups. A total of 30 businesses from Dubai and other markets will be selected to join the training academy, which utilizes Virtual Reality (VR), Augmented Reality (AR), and Extended reality (XR) technologies to help participants experience and understand the dynamics of business in the metaverse, reported the Emirates News Agency (WAM).

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2022-10-06 22:20:14 OpenSea to allow users to submit bulk NFT listings and purchases

OpenSea, a digital marketplace for crypto collectibles and nonfungible tokens (NFTs), announced in a series of tweets on Oct. 5 that the platform will officially allow its users to bulk list and bulk purchase up to 30 digital collectible items in a single flow. the platform will allow its users to add up to 30 items from the same chain to their cart before finalizing. Cointelegraph reported that OpenSea had launched a new immersive initiative enabling creators to launch their NFT collections on their own customizable and dedicated drop pages, with hopes that this will allow for greater visibility and discoverability on the marketplace’s new homepage.

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2022-10-06 21:53:03 @Bitcoin_Crypto_Memes Open / Comment