Bitcoin, Ethereum and FileCoin was stopped on Australia’s market due to “non-compliant” Target Market Determinations. 

The Holon Bitcoin Fund, Holon Ethereum Fund and the Holon FileCoin Fund are all managed investment schemes that focus on exposure of the price to the equivalent crypto. They work by investors sharing money who in return receive a support in that scheme. 

A Target Market Determination describes product’s target and market, conditions around the product can be distributed to users, the events or circumstances where developers may need to review the Target Market Determination for a financial product. 

The Australian Securities and Investments Commission (ASIC) observed that investors in cryptocurrency are subject to a big negative returns. 

Additionally, the PDS - Product Disclosure Statement - highlights the fact that they may will have a total loss of value. 

SOURCE: CoinTelegraph

READ OUR FOCUS… 

Meta - previously known as Facebook - announced on Twitter that its avatars will have legs. 

"Everyone has been waiting for this, but seriously, legs are hard, which is why other virtual reality systems don’t have them either”, said Zuckerberg at Meta Connect Development. 

META PROJECT 

It was in 2021 when Facebook’s CEO Mark Zuckerberg introduced a new term: Meta. 

Meta’s focus is to bring the Metaverse to people’s home and every day life. It will help people connect, find communities and grow business. 

The Metaverse is a hybrid between online social experiences expanded into three dimensions or projected into the physical world. Avatars will be the key characters in the functioning of the Metaverse.  

This project will bring together augmented reality and virtual reality developers, content creators, marketers to celebrate the company’s growth. 

AVATARS’ UPRGRADE 

Avatar soon will have additions: over $1499 “pro” headset, integration with Microsoft Office and The Office and - finally - legs. 

Legs are the most requested item but their technological mechanism of operation is difficult. 

Developers will try many positions of characters’ legs and feet using number of inputs employing advanced attempts to predict their moves based on models of human being’s anatomy transported to the virtual world. 

A PARISIAN ZUCKERBERG

In August, the Facebook CEO went viral thanks to a post in which you could see M. Zuckerberg’s avatar standing in front of the Eiffel Tower.

That photo was seen worldwide because it appeared to be innovative but, in reality, it was very basic. 

Later, he shared a render of the past version and this is better because more realistic. 

Zuckerberg said: “I know the photo I posted earlier this week was pretty basic – it was taken very quickly to celebrate a launch. The graphics in Horizon are capable of much more.”

Few months later, in fact, a fantastic news has arrived. 

SUPPORTS 

Previously were used cameras mounted inside the headset to track were in the virtual world a user is looking. But now, it enables new levels of observation with advertisers able to estimate who has looked at what promotions for how long. 

Right now, upgraded avatars will be available in Horizon Worlds before Meta opens doors to other users.

Meta has created a software development kit and the avatars can be used in third-party VR experience and other apps. 

VR experience will be support by Unreal Engine and iOS and Android support for Unity. 

In Meta’s experience, users can create their own customer avatars which will be available on Messenger, Whatsapp and Instagram video calls. They’ll very realistic and will be imitate users’ expressions and movements on Meta Quest Pro - the high. 

Meta will facilitate avatars creation in order to make the platform accessible even to less experienced users. 

SOURCE: The Guardian 

READ MORE ABOUT METAVERSE…

J.P. Morgan and Visa had a cooperation in the field of Blockchain. They decided that will use new tools from their private Blockchain Liink and B2B Connect to help cross-border payments. 

Liink - property of J.P. Morgan - is made by Onyx. 

Onyx has a team of experts on B2B payments who focus on improving the payments process for hotels, travel, agencies, corporate travel departments, event planners and others. Onyx’s Confirm is an account-information validation product that certify transactions giving users genuine identities and correct informations.

Confirm now has been integrated to Visa’s B2B Connect. 

J.P. Morgan also announced that Deutsche Bank will soon be a founding member of Confirm. 

SOURCE: Forbes 

READ ABOUT BLOCKCHAIN’S WORLD… 

Friday 7 October Asia Chipmaker have collapsed due to US: what's up?

American power is taking new restrictions in order that China can’t sell its technology. 

The US announced that will prohibit American companies to sell chips that are used for computer and AI from Chinese's factories.

As we can read on BBC.com, restrictions also pick out sales from non-US companies that use American equipment. 

US established that companies must issue an authorization to furnish Chinese chipmakers to produce modern chips. 

These rules mark one of the biggest break by US and China that ever exists.

SOURCE: BBC

READ ALSO THE RESTRICTIONS THAT WERE INTRODUCED FOR APPLE INC…

Google announced that in 2023 users can pay with digital currencies for its cloud services. 

One of the most important search engine, made a deal with Coinbase that will use Google Cloud platform for processing its blockchain crypto services. 

The big company supports also Web3 - a new internet era. About that, Google Cloud Chief Executive T. Kurian said that they’re proud Coinbase has select Google Cloud as partner. He added also that they’re ready to serve the global Web3 customer and partner ecosystem. 

Coinbase Commerce promotes payments with 10 cryptocurrencies - Bitcoin, Bitcoin Cash, Dogecoin, Ether and more. 

Also BNB Chain will collaborate with Google Cloud: will it became the most important cloud platform ever?

SOURCE: CoinTelegraph

YOU ALSO MIGHT BE INTERESTED FOR BNB CHAIN NEWS… 

The Build ’N Build Chain (BNB) acts as a governance token. Over the past year, the BNB Chain community has made even further technical upgrades for progressive decentralization.

For users, transactions were stopped on Thursday after a hacker attack. This misadventure was attended in time to freeze most of  the finance: only US$100 left their virtual bank.

The platform is back online but people maybe can’t  use their funds - if they’ve try to do a cross-chain transfer- because are halt but 100% safe.

Before invasion, BNB lost 5.5% of its value.

SOURCE: Forkast

READ ALSO ABOUTE BLOCKCHAIN TECHNOLOGY…

Slack and Teams - for those who don’t know them - are two new ways to communicate by bringing people together to work as one unified team. Additionally, Teams has the possibility to do video calls. 

Recently, one group of researchers found that these apps are subject to third-party programs: this means that they’re not safe. People’s big data could be compromised and diffused. 

Earlence Fernandes, a researcher who examined these case study  at the University of California at San Diego, said that “Slack and Teams are becoming clearinghouses of all of an organization’s sensitive resources”.

“The apps running on them, which provide a lot of collaboration functionality, can violate any expectation of security and privacy users would have in such a platform” - added. 

The giants - of course - denied what researched said: Microsoft rejected to comment; Slack said that apps receive security reviews before incorporation. 

How will they solve this huge problem?

SOURCE: WIRED

READ MORE ABOUT APPS’ NEWS…    

A new era is coming. 

What is GameFi?

GameFi - Game&Finance - offering to gamers the opportunity to make money while having fun.

The GameFi offer economic incentives to players. It uses cryptocurrencies, Non-Fungible-Tokens (NFTs) and blockchain technology to produce a virtual gaming lands. 

Frequently, players have to complete tasks, game against other players, pass levels…

Gamers, through GameFi can move their virtual money outside of the game to business on other crypto’s markets.

Play-to-earn model (P2E)

Play-to-earn model consists of give to gamers the possibility to generate rewards and to have full control over their in-game benefits.

P2E games can be free-to-play. 

New jobs

Alex Dunmow, CEO and founder of Ninja Syndicate, said that traditional jobs risk disappearance and replacement because of mechanization works. 

GameFi give to users the possibility to create their own asset working online on the crypto and NFTs’ world. 

Dunmow said: “NFTs can give you the technical ability to take ownership of a game asset out of the control of the publisher of the game.”

Videogame similar to GameFi?

Classic video games can also collect digital assets to customize their characters but this items can’t be transfer outside of the video game in their crypto-wallets. 

GameFi Valuation 

The latest analysis from Absolute Reports declared that play-to-earn GameFi

industry will be worth about $2.8 billion within the time span from 2022-2028.

The annual growth of this industry is around 20,4%.

Another report reveal an addition in users of blockchain-based games in spite of market situations.

How to enjoy GameFi?

First step to follow is create a compatible crypto wallet but it depends of the game you’re going to play.

Second step is connect your crypto-wallet to the game ensuring that the landing page is part of an official website.

Third step consists of check prerequisite to play and they are different from game to game. 

It is therefore necessary to study well the rules of each game.

The GameFi growing trend is expected continue at a fast pace. 

“What interoperable boils down to is being able to share digital assets between games.“

New business 

Ninja Syndicate revealed a new affaire with NFT platform Immutable X   authorizing to build on Immutable X’s layer-2 ecosystem, connecting forecasts as well as Illuvium, Gods Unchained and GameStop.

SOURCE: CoinTelegraph

READ MORE ABOUT NFTs’ WORLD… 

Members of the European Parliament approved a law to use a common single charger reform.

The proposal was accepted almost by the unanimity of parliamentarians: 602 lawmakers voted in favor. 

All Apple INC devices must be use USB Type-C charging port by the end of 2024. 

Also Apple’s products were sold in Europe must be furnish by the same charger.

“The common charger will simplify the lives of Europeans. No more obsolete chargers piling up in drawers, reducing costs for European citizens.” - said Vestager, Commission Executive Vice President. 

In fact, this plan will reduce production and the disposal of new charges. 

Will cut down an environmental waste and it would save around $247 million a year. 

SOURCE: CNBC

READ MORE ABOUT APPLE NEWS… 

TheMetaEconomist 2022 - Privacy / Cookies
crossmenu