Author: Crypto News Live
Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the metaverse, despite operating losses for its Reality Labs business peaking in 2022.Meta on Feb. 1 released earnings showing that Reality Labs lost $13.7 billion in 2022 — the largest ever yearly losses recorded for its metaverse-building division.The fourth quarter was particularly costly, with the division losing nearly $4.3 billion, which was also the largest quarterly loss within the department since financials for the business were first published.On a Feb. 1 earnings call, Zuckerberg was steadfast in the company’s metaverse strategy. Answering a question about how the…
Key Takeaways A new third-party audit of the Luna Foundation Guard has been released. The report claims that LFG used its $2.8 billion of funds in an attempt to shore up UST’s peg in May. While the audit looks reputable, Korean prosecutors maintain they have frozen funds embezzled by Terra figurehead Do Kwon. Share this article The audit asserts that the Luna Foundation Guard spent approximately $2.8 billion to defend UST’s peg. LFG Releases AuditThe Luna Foundation Guard is trying to clear its name. The Terra-linked organization, established in January to protect the dollar peg of the now-defunct TerraUSD (UST) stablecoin, has…
Quant’s involvement in the development of CBDCs in Europe may secure its future. QNT drops to a support range but the chances of a bounce back are low amid prevailing lack of enthusiasm. As global governments inch closer towards CBDCs, the United Kingdom’s plans have become more apparent and they reportedly involve Quant [QNT]. But what does this mean for the future of this crypto network? Is your portfolio green? Check out the Quant Profit Calculator Recent reports reveal that Quant is currently involved in project Rosalind. The latter is a CBDC development project conducted by the Bank of England…
Gone are the days when the joy of gaming was only about finishing a level or defeating a boss. Now, with Amazon’s revolutionary service, Amazon Anywhere, you can enjoy an immersive shopping experience right within your favorite video games, virtual worlds, and mobile apps.Amazon Anywhere is an innovative program that allows you to buy physical products from Amazon’s vast online store without having to exit your game or app. It’s a perfect blend of fun and convenience, transforming the way we perceive entertainment and shopping.The First Step into Shopping in Augmented RealityThe first game to offer this exciting service is…
The cyclical nature of the blockchain has been on full display as of late. While, in the past, market change may have been triggered by generative avatars, major innovations, or even catastrophic events, the recent resurgence of memecoins has inspired a major shift in the day-to-day operations for those in the NFT space. In early 2023, open editions seemed to be the savior of a waning NFT market. But now, the trading volume of memecoins has continued to far surpass that of NFTs. Similarly, the amount of crypto enthusiasts who hold memecoins has continued to chart new all-time highs month…
Blockchain In 2023, Starknet has prioritized performance enhancements with the aim of boosting throughput, reducing latency, and lowering transaction costs. Last week, StarkWare, released its roadmap for 2023 and provided some details about the considerations behind the decision. In the StarkWare release, the team states its goal in the coming months is to enhance network performance to accommodate the anticipated surge in users and developers. A focus on network performance Performance is characterized by throughput, latency, and transaction cost, and the team has outlined the priority areas it plans to address. You might also like: Liechtenstein embraces crypto evolution with…
Months after the Merge, ETH data its largest trade influx. Buyers are usually not excited concerning the present situation of the altcoin. Since Ethereum’s [ETH] switched to Proof-of-Stake (PoS), many holders have opted to be guardians of their belongings. This resolve has, in flip, affected the general provide on exchanges. Nevertheless, in an fascinating twist, the biggest every day ETH influx for the reason that transition occurred on 1 Could, Santiment revealed. 🐳 With a $505M switch of #Ethereum tokens on to #Binance as we speak, this is without doubt one of the largest self custody to trade transfers in…
Ripple is struggling to get better above the $0.48 resistance in opposition to the US Greenback. XRP value might lengthen losses if there’s a shut beneath the $0.44 help. Ripple began a contemporary decline from the $0.500 zone in opposition to the US greenback. The worth is now buying and selling beneath $0.488 and the 100 easy shifting common (4 hours). There’s a key bearish development line forming with resistance close to $0.470 on the 4-hour chart of the XRP/USD pair (information supply from Kraken). The pair may decline additional if it stays beneath the $0.488 and $0.500 resistance ranges.…
In line with Uniswap’s (UNI) value chart, the coin is transferring sideways on the chart. Because the market opened, the worth dropped to $5.30, the place UNI discovered little help. Bulls try to regain management, however promoting strain is sort of robust. The coin began exhibiting bearish momentum after April 19, 2023, when sharp crashes have been noticed within the chart. As of immediately, Could 2, it has continued the bearish development. UNI Value Development In April Uniswap opened in April at $6.0603 and t traded across the similar value stage at first of the subsequent day earlier than recording…
Blockchain Layer-2 blockchain protocols have been within the highlight in 2023, bringing main efficiency enhancements to a wide range of platforms and providers working within the Ethereum (ETH) ecosystem. Zero-knowledge proofs have been key within the roll-out of a wide range of layer 2s, with the know-how pioneered by the decentralized scaling community Starknet. StarkWare, the know-how agency behind the scaling platform, has outlined plans to additional enhance its layer-2 community to satisfy an anticipated enhance in customers and builders by the remainder of the 12 months. Cointelegraph caught up with Eli Ben-Sasson, president and co-founder of StarkWare, to unpack…
