Moody's Investors Service says El Salvador's Bitcoin trades add to its credit outlook. The government's Bitcoin holdings "certainly add to the risk portfolio," analyst Jaime Reusche says. President Nayib Bukele has said he buys the cryptocurrency using his phone, though the government doesn't publish data.
Last year, the market capitalization of cryptocurrencies reached $3 trillion USD. DeFi now has a total value locked (TVL) of $100 billion USD on alone. NFTs have been the most surprising, flanked by complementary areas like metaverse and GameFi.
Fortnite is back on iOS, though it's not yet available on the App Store. The game is being streamed to iPhone and iPad owners through Nvidia's GeForce Now service. Nvidia and Epic Games are beta testing a new version of the game that's optimized for mobile.
Facebook, Google, Twitter and Reddit have been subpoenaed by a Congressional select committee. The committee is looking for records related to users’ activity on Facebook, YouTube, Twitter, Reddit and Google. The companies have been given a deadline of January 27th to turn over documents.
Second Life founder Philip Rosedale is returning to the virtual world he founded in 1999. He will rejoin the company he founded as a strategic advisor after High Fidelity invested in Linden Lab. The deal includes an unspecified cash investment, relevant patents and some members of its development team.
Microsoft's augmented-reality team has lost around 100 people in the past year, many of them to Meta Platforms Inc., former employees say. The Microsoft augmented- reality group employs around 1,500 people. The Meta platform, formerly known as Facebook, is making a big push into alternate-reality tech.
GenZeroes is an NFT (non-fungible token) show. To watch an episode of the sci-fi series, viewers will have to purchase an N FT through a specific website. Depending on the level of NFT purchased, viewers can receive access to a range of benefits or even ownership of the show itself.
Last year set venture capital records around the world. From dollars invested to deal volume, sectors and geographies posted their strongest performance. The good news is that we’re seeing venture capital tallies rise across more markets than we did in previous startup boom cycles. This means that more founders in more places are raising capital.
CES 2022 offered intriguing glimpses into the future of digital innovation. TV makers are increasingly starting to incorporate cameras into their TV’s operating systems. A common thread that emerged across product categories was a prioritization of safety and security. The metaverse was generously applied to anything related to virtual spaces.
The Turkish lira has become so volatile that Turks have ditched the local currency for assets with an even riskier reputation: cryptocurrencies. While the lira unraveled against the dollar in the last quarter of 2021, cryptocurrency trading volumes using the lira leapt to an average $1.8 billion a day across three exchanges, according to blockchain analytics firm Chainalysis. Those volumes are still modest compared with the results of a 2019 survey by the Bank for International Settlements that found roughly $71 billion of lira transactions a day, but even so are more than any of the preceding five quarters.
ApApple is reportedly not building its own 'metaverse' virtual world. The tech giant is expected to release its first mixed reality headsets later this year. Apple doesn't need to build its own Metaverse because there are so many others already out there. Apple will still make money from in-game purchases and will still have an App Store for developers.
