Last Friday Bitcoin shot up to its highest level in about a year and according to trader Credible Crypto, BTC will reach new all-time highs by the end of 2023, probably in October.
"The cryptocurrency rose above $31,400 a coin on Friday - writes CNN NEWS - its highest level since 2022, before paring back its gains. Bitcoin, the world’s largest cryptocurrency by market capitalization, earlier this week traded above $30,000 for the first time since April, when the collapses of Silicon Valley Bank and Signature Bank sent investors in search of safer places to hold their cash.
Bitcoin is up by about 87% this year. Its most recent gains come after a wave of interest in crypto from financial giants. BlackRock last week applied to register a bitcoin spot exchange-traded fund, according to a US Securities and Exchange Commission filing. Crypto exchange EDX Markets, backed by firms such as Charles Schwab, Fidelity Digital Assets and Citadel, launched its digital asset trading platform this week".
Not everyone believes that the application for a Bitcoin ETF by BlackRock and other major US financial institutions – the main reason for the recent cryptocurrency rally – will get the SEC approval: the current regulatory environment in the US makes it unlikely an approval in the short term, warned trading firm QCP Capital. The BTC/USD pair is holding firmly above $30,000, according to data from Cointelegraph Markets Pro and TradingView.
Despite its surge this year, bitcoin remains well below its all-time highs of more than $60,000 in 2021. The cryptocurrency was hammered last year by the Federal Reserve’s aggressive pace of interest rates and the collapse of crypto exchange FTX, which helped spur a sweeping sell-off in the crypto market.
Source: CNN NEWS
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Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
Yann LeCun, vice president and head of artificial intelligence at Meta, announced in Paris the development of an artificial intelligence (AI) model that is increasingly approaching human intelligence. His name is Jepa. "The future fascinates me. I am only interested in understanding the mistakes of the present and how to overcome them". Yann LeCun, head of Meta's AI team, thinks like an algorithm. Deep learning at the basis of artificial intelligences, after all, is also this: learning from mistakes to solve increasingly complex tasks. Like a cyclist does when he falls off his bicycle, for example, and thinks back to the moment he lost his balance and why it happened.
After a big investiment on the metaverse division, Meta decided to change course and is now heading towards AI. Meta's AI model works more with a human-like level of understanding and reasoning, in order to better understand user intent, interpret context, and provide more accurate and relevant responses. Meta's goal is to create an artificial intelligence capable of a deeper understanding of human language and context, thus improving interactions with users. I-Jepa seems able to overcome the limitations of traditional AIs, which often produce generic or inaccurate answers. Meta's goal is to improve the user experience on social platforms, with a more natural and personalized interaction.
source:Ansa
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
By the end of May the Ultimate Sensory Adventure in the Julian Alps will take place in Bohin, Slovenia. The Slovenian Tourist Board presented this new exclusive collection of Non-Fungible-Tokens related to Tourism during the latest edition of the World Travel Market in London.
The reconnection with nature today can also pass through one of the latest and revolutionary digital solution. In addition to a digital souvenir, with the Slovenian Tourist NFTs, customers will buy a unique experience. The so called Ultimate Sensory Adventure in the Julian Alps that offers outdoor and gastronomy activities, in the extraordinary setting of the Julian Alps.
Aljoša Ota, innovative director and trainer of the Slovenian Tourist Board, who was able to seize the opportunity provided by digital tokens and cryptocurrencies for a digitization of the tourist offer, presented in Italy this new kind of tourism promotion.
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
The Metaverse and artificial intelligence: what future for the design and architecture project? In the 2023 edition of the design week there was also talk of the metaverse. In the meeting organized at the Aran Flagship Store in Piazza San Gioachimo moderated by Jacopo Filippo Bargellini, Riccardo Spinelli from Milan's Politecnico and with special guest Makio Hasuike.
The Metaverse is a virtual place where, according to projections, a part of our future life will take place, in complementarity with the real world. This raises important questions: Who will design it? What interactions will be possible with architectural spaces and design products? Will the Metaverse duplicate the real world or will it require a new design approach? Furthermore, artificial intelligence threatens to make the architect and the designer disappear, replacing them with the "collective" creativity of programs that create a visualization of the project starting from a simple script, thus effectively eliminating the uniqueness of each approach. designer. What future awaits us? The debate is open.
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
The Meta Economist's interview by Ilaria Vanni. Today's guest Michele Zilocchi is an engineer by education and a cryptocurrency professional by passion.
Michele started his path into the cryptocurrency-field back in 2017 and since 2018 he started advising several different companies in the space.
His current main focus is Token Economics design together with the Business Modeling and the go-to-market strategy for crypto-native start-ups. He lives in Italy and he also supports Italian traditional companies integrating Cryptocurrencies, Blockchain and NFTs as new tools to improve or expand their business.
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
The international fashion system has put behind the second edition of the digital fashion week. The event took place from 28 to 31 March. From the tribute to Vivienne Westwood and Cristóbal Balenciaga to the virtual fashion shows of Boss and Dolce & Gabbana, the Metaverse Fashion Week 2023 was a little bit romantic and nostalgic, also if it was like a nostalgia of the future, not of the past.
Inviting the global community to experience the latest advances in digital fashion, the major fashion makers made the appointemtn on the Decentraland platform.
This edition of MVFW paid homage to Vivienne Westwood, one of the most innovative and revolutionary designers of the 20th century who passed away in 2022. But also to Cristóbal Balenciaga, the genius of Haute Couture, founder of the homonymous maison, who died in 1972 With the immersive installation “Dear Vivienne” the international artistic collective Vueltta, which creates immersive experiences in the metaverse of Decentraland, homaged the transgressiveness, creativity and rebellious spirit of Vivienne Westwood.
The RLTY, Art Consulting and Animal Concerts platforms celebrated the great Spanish couturier with the event “Cristóbal Balenciaga: New Code”. Some of Balenciaga's most iconic creations have been transformed and made available for purchase in digital format. “Long before cryptocurrencies and NFTs existed, Cristóbal took fashion and women to the moon,” the collective commented in a press release.
In the 1950s, Cristóbal Balenciaga pioneered new shapes never before seen in fashion, including the babydoll dress, sack dress and cocoon coat. With these design innovations, he achieved what is considered to be his most important contribution to the world of fashion: a new silhouette for women. Long before there were non-fungible token drops and crypto, Cristóbal took fashion, and women, to the moon. Inspired by Lorenzo Riva’s collection of over 9,000 drawings created by Cristóbal Balenciaga during the height of the couture movement. These couture creations was now transformed into stunning wearables.
Also the brand "Boss" made its appareance during Metaverse Fashion Week 2023, with an amazing parade. It was the same show presented in Miami but transformed into an interactive experience in its virtual showroom. "Users had the opportunity to discover new products in a new space, a digital extension of the show, inspired by the aquatic elements characteristic of the show. The virtual experience presented an integrated level of gaming, where users discovered new looks while also collecting items along the way. Once the search was completed, the user received a digital fashion item as a reward: a blue Boss suit, like the one seen on the Miami catwalk, which he could wear on the Ready Player Me platform". This really means that AR or VR are maint to be mixed with phisical reality.
Dolce&Gabbana was also present at MVFW and together with the UNXD platform is about to launch the DGFamily NFT community. Here collectors will be able to enter the world of the iconic brand on a journey to experience fashion in the metaverse and beyond. At Metaverse Fashion Week 2023 Dolce&Gabbana presented "Future Rewind", the first digital contest aimed at promoting young emerging talents. This was just another example of the so call "phigital", an emerging attitude of many econimics areas, as well as fashion, to combine the immersive reality with the traditional way of connecting people.
SOURCE:wondernetmag.com
SOURCES:
Il Sole 24 Ore
Reuters
Ansa
Read also: https://themetaeconomist.com/silicon-valley-bank-bad-news/
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
After 72 hours the Silicon Valley Bank crash, digital currencies, startups and financial credit are all connect in a huge "domino effect". The bank collapsed when 42 billion dollars in deposits went away and because of the rise in rates that knocked out its portfolio of government bonds. SVB bank was closed on Friday and commissioned by the Federal Deposit Insurance Corporation. The Fdic announced that from Monday deposits within the guaranteed threshold of 250 thousand dollars will be accessible to customers and that bank employees - writes Reuters - will have 45 working days. The Federal Deposit Insurance Corp now aims to find buyers for the group's various businesses and then return as much of the customers' money as possible.
Silicon Valley Bank crash is not just the biggest economic event after Lehman Brothers collapse in 2008, but is also the mirror through which we can see how cryptocurrencies have changed our economy for ever. "After the bank crash, the first consequences are for the digital currency USD , that loses its peg to the dollar, then the other problem is for startups which are left without salaries" (Il Sole 24 Ore)
The stablecoin USD Coin (USDC) has fact lost its peg to the dollar after the collapse of Silicon Valley Bank. It happened after Circle, the company behind the digital currency, revealed that part of the reserves that guarantee the currency's peg to the dollar were right in the coffers of Silicon Valley Bank - Il Sole 24 Ore said - according to reports, of the $40 billion in reserves, $3.3 billion was in the failed bank. Thus, on hearing the news, the currency broke its parity with the dollar by one to one and dropped to $0.88, according to CoinGecko.
BlockFi, Circle, Avalanche and many others said they had exposure to Silicon Valley Bank, which prompted some of them to temporarily suspend their customers' withdrawals. However, Binance and Coinbase have decided to suspend the exchange of USDC, the stablecoin issued by Circle. From this we can tell that the cryptocurrency is still very tied to the traditional banking system, and that exposure to traditional banks can be a risk for cryptocurrency companies.
A few hours ago also Elon Musk decide to take part in the debate. In a Twitter conversation about the bankruptcy, in fact, in response to a user who proposed that Twitter buy the bank, the billionaire replied: "I'm open to the idea". The proposal on Twitter was made by Min-Liang Tan, CEO of Razer, a company that sells gaming computers. "Twitter should buy Svb and become a digital bank," he wrote. With these words the billionaire was making just a provocation or not?
SOURCES:
Il Sole 24 Ore
Reuters
Ansa
Read also: https://themetaeconomist.com/silicon-valley-bank-bad-news/
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
The Meta Economist's interviews are back with another guest, Rauno Saarnio, CDO and founder at XR Presence in Finland, answering Ilaria Vanni's questions on how this thecnolgy is related to the metaverse or not.
XR Presence is creating AR, VR, XR and a XR platform. They are expolring augmented reality mixing it with tools for spacial skills, focusing on the functions, solutions and interactivity within the spaces. XR Presence is developping project on healt solutions and we asked them how is possibile to use VR and AR for didactic purpose.
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
The recent hacker attack to Dexible created many doubts about the way the smart contracts work in the crypto and blockchain economy. Although they’re not quite perfected yet from either a technical or procedural standpoint, smart contracts are starting to look like a sizeable disruptive force for the legale industry. Smart contracts are also sometimes known as ‘self-executing contracts’; a clue to indicate how effective they are at cutting out the people that have traditionally been involved in the contract process. Let's stop thinking that we need to come back to pen and paper contract. Here at The Meta Economist we will try to make clear pro e cons of this thecnology.
"Smart contracts employ blockchain to create a decentralized ledger recording all contractual transactions in a secure way". In some cases we cannot speak of "contracts" in the strictly legal sense, but of "if/then" functions incorporated in software or IT protocols. In other words, through smart contracts there can also be an informatic transposition of agreements that are stipulated outside the technological platform. All parties to the contract have visibility of the agreement chain and can input their feedback at various stages. This means that once they’ve downloaded the necessary software all contracting parties can update the blockchain ledger once various parts of the contract have been completed. It's really obvious that the transparency and the simply access is two of the reasons why smart contracts found fortune. This type of technology facilitates the identification of the nodes responsible for processing smart contracts by acting as a real link between the blockchain and the legal system, which can thus intervene at the level of instructions if this becomes necessary. Furthermore, the adoption of a private or hybrid blockchain allows the supplier to control the services it renders and, conversely, allows the consumer node to identify the person responsible for correcting the errors of the service called to answer for any malfunctions and damages
The dark side of the smart contract isn't something really different from what happens in paper's agreement. If the signature can be falsified, the game is over. Anywhere, anytime, anyspace. The hacke that knows how to manipulate an informatic system is just the same of some kind of trickster who knows how to stole the papers and the promesis it cointains.
The problem with smart contracts is more a juridic one. The keystone that would guarantee the success and extension of the range of action of smart contracts seems to be the crucial and indispensable balance between the efficiency of decentralization and justiciability. Better said the possibility of concretely identifying the recipients of regulatory interventions, judicial decisions and requests from the parties is fundamental to trust the whole system. This presupposes modifying the design of the protocol, without nullifying the benefits of decentralization and jeopardizing the interest in regulating and legitimizing the blockchain.
SOURCES:
TOPPAN DIGITAL LANGUAGE
Alfonso Contaldo, Flavio Campara, Blokchain criptovalute, smart contract, industria 4.0
Read also: /https://themetaeconomist.com/dexible-hacked-2-million-stolen/
Ilaria Vanni is a TV journalist for italian broadcasting and coordinator of The Meta Economist portal. She has a philosphy degree and she's now studing the economic and technological issues connected to the new frontiers of the metaverse.
