BlackRock is one of the most important providers of investment in the world. It offers to its clients advisory and risk management solutions.

Larry Fink, CEO of BlackRock, said that despite FTX failed, he trusts in tokenization and said also that this will be the evolution of the financial market.

“I believe the next generation for markets, the next generation for securities, will be tokenization of securities.”

He encourages the investing ecosystem change introducing an “instantaneous settlement” that manifests every owner and seller of securities on registers.

SOURCE: CoinTelegraph 

READ ABOUT BINANCE: 1$B FOR CRYPTO RECOVERY FUND…

The Chamber of Deputies of Brazil approved crypto payments throughout the country. 

Cryptocurrencies do not have legal tender around the country despite the new crypto law’s approval. 

Digital currencies and air mileage programs will be payment methods only under the  control of the country Central Bank.

In detail: the Brazil Central Bank will be involved when people use Bitcoin as payment; the Country Security and Exchange Commission will supervise when Bitcoin is used as an investment benefit. 

BCB, CVM and RFB - Federal Tax Authority - gave birth to the realization of the new legislation. 

SOURCE: BitcoinMagazine

READ ABOUT ELON MUSK CRYPTO STATUE…

Elon Goat Token (EGT) spent $600.000 for the realization of a giant crypto statue. 

The monument presents Elon Musk’s head which has the body of a goat that is riding a rocket. 

Musk is wearing a necklace with a Dogecoin symbol, the famous crypto that he supports since many years. 

The monument that is situated in Los Angeles, was literally a big failure! In fact, the “brilliant marketing gimmick”, seems to have been disliked by Musk himself as he has not received any public recognition from him, not even on Twitter. 

The EGT’s monument anyway was appreciate by readers of the Wall Street Journal and other important papers.

SOURCE: CoinTelegraph 

READ ABOUT TRADITIONAL BANKING CALLS TO THE CRYPTO WORLD…

What is StarkNet?

StarkNet is a decentralized license Validity-Rollup. 

It operates as an L2 network over Ethereum, authorizing all apps to achieve unlimited scale for its computation. This, without compromising Ethereum’s security.

About

StarkNet supports scale. It keeps the L1 Ethereum’s security with the introduction of STARK proof off-chain and then verifying those proofs on-chain.

StarkNet is destinate to all developers which can establish any business logic using StarkNet Smart Contracts. 

This platform uses Ethereal level composability to facilitate development and innovation. 

Discovering StarkNet

In this software, users have the possibility to do:

Cairo 1.0: open source 

Cairo 1.0 is the new StarkNet’s open source. 

Ethereum Layer-2 (L-2) will be support the new version of Cairo, scaling solution StarkNet in Q1 2023.

Abdelhamid Bakhta, starkware Exploration Lead and former Ethereum said:

“We’re continuing to open source the StarkNet tech stack, beginning with Cairo 1.0. We’re doing this in order to fulfill StarkNet's vision as a public good that anyone can use, and that the community can constantly improve”. 

Cairo 1.0 builds datas demonstrable, therefore StarkNet’s censorship resistance properties will be reinforced. 

Cairo 1.0 is created from the ground up, allowing for faster feature development and for more community involvement.

This release was defined by its creator “the first milestone in reaching above goals”.

StarkWare’s STARK tech includes Decentralized exchange (DEX), Non Fungible Token (NFT) and Blockchain technology (protocol Celer Network). 

Upgrade 

In Cairo 1.0, many of the syntax/language improvements will be use. 

To show the differences between the old syntax and the new in Cairo 1.0, developers added the possibility to demonstrate  to users a few different implementations of finding the Fibonacci number. 

Cairo 1.0 will be available soon, stay tuned and enjoy this new release!

SOURCE: CoinTelegraph

READ ABOUT SUNAK AND CRYPTO: TWO GOOD FRIENDS…

Binance wants to assign $1 Billion for crypto recovery fund.

Binance CEO Changpeng Zhao also revealed his interest in a bid to solve the problem of bankrupt of Voyager, a USA based business.

After FTX failure, Zhao designed a new plan to avoid financial problems. 

For this reason Binance wants to launch a new recovery fund: “ to help projects who are otherwise strong, but in a liquidity crisis”. Zhao also added that a if that’s not enough, they can allocate more. 

The fund will be ready at the end of 2022 despite there are only two months before the year’s end! 

SOURCE: CoinDesk

READ ABOUT HASHFLARE FOUNDERS IN HANDCUFFS…

HashFlare is a cryptocurrency cloud mining service that permit you to mine for Bitcoin and popular alt coins. 

Individual miners and businesses exploit it in services like IT, accounting, real estate, finance and software development. 

But now, the two HashFlare Founders are in handcuffs because of their collaboration in a $575 million fraud intrigue. 

The United States Department of Justice established that the action plan  was staged by owners Sergei Potapenko and Ivan Turõgin. They created a “multi-faceted scheme that defrauded hundreds of thousands of victims”. 

SOURCE: Binance

READ ABOUT VITALIK BUTERIN AFTER FTX COLLAPSE…

Vitalik Buterin, Ethereum co-founder, taking as a starting point FTX’s collapse, became a teacher. 

In fact, maybe scared about a general crypto collapse, said that complications arrive from people, technology isn’t responsible. 

He started to give lessons and tricks to recognize scams. 

Said that “what happened at FTX was of course a huge tragedy. That said, many in the Ethereum community also see the situation as a validation of things they believe in all along: centralized anything is by default suspect”.

Buterin also posted a tweet in which explain how to fortify confidence in business for others investors. 

SOURCE: CoinTelegraph

READ ABOUT FTX TOWARDS TOTAL BANKRUPTCY… 

Tuvalu is an island which its part of an archipelago consisting of nine island between Australia and Hawaii. There live almost 12.000 people but scientists communicated that this island will be totally underwater by the end of the 21st century.

To preserve Tuvalu, the island of South Pacific, Ministry Hon Simon Kofe decided to act in an unusually way.

Because of the climate changes and the consecutive scare for an augmented sea levels, the last and the best alternative is to recreate  the island in the metaverse. 

A double effect

Now almost 40% of the nation’s district is underwater with rising sea level. 

For this reason the meta-way is an excellent idea. 

With the creation of this metaverse, Tuvalu will be the first digitized nation in the meta-world. 

This will be an opportunity to the district to promote its ocean and culture which, how Kofe said, “are the most precious assets”.

COP26

Last year, at the conference COP26, Kofe did the conference standing in seawater to put attention on the dangerous that climate change represent on an island like Tuvalu.

The world has only eight years to reduce global emission and to preserve the 1.5C target.

Meta-solutions

In 2021, the island nation of Barbados created an embassy in the Decentraland metaverse.

This year, an Australian indigenous tribe wanted to created an embassy in a metaverse like Barbados did. 

Norway destined a space to host its federal tax office in the metaverse.

UAE did a new headquarters for its own Ministry of Economy on meta-world. 

Also Seoul, South Korea and Santa Monica recreated - and amplified - their spaces creating others on metaverse. 

SOURCE: The Guardian 

READ ABOUT EDUCATING METAVERSE… 

FTX’s break down increases. Different cryptocurrencies reveal that their funds are hooked by FTX.  

Other companies revealed that their money have been frozen on the - almost - actually bankrupt exchange. 

Hbit Limited, for example, announced the inability to withdraw $18.1 million before FTX closed withdrawals. 

Also Nestcoin announced its failure to withdraw funds from FTX society. 

Moreover, in Australia was suspend the FTX’s license. This license permitted to FTX group to create a market for secondary and exchange contracts to Australian retail and wholesale users. 

The Australian Securities & Investments Commission (ASIC) announced that will continue to restrict financial services only to conclude existing derivatives with customers until 19 Dec.

SOURCE: CoinTelegraph 

READ ALSO ABOUT BANKMAN-FRIED NOW UNDER SUPERVISION… 

TheMetaEconomist 2022 - Privacy / Cookies
crossmenu