Bitcoin News and Finance: What You Need to Know

Globant, a Luxembourg-based tech giant with Argentine origins, has referred to the short-term future of the metaverse in its latest Tech Trends report. According to the company, this year the metaverse will “burn bright or burn out,” as it needs to show its potential when compared to other trendsetting tech like artificial intelligence. Metaverse at a Decisive Moment, According to Globant Globant, one of the biggest IT technology companies in the world, has referred to the potential future that metaverse and technology related to this new vision might have in the short term. According to its 2023 Tech Trends report , the company believes that 2023 is the year for the metaverse to “burn bright or burn out,” as the market is still waiting for significant and practical applications to rise in this field. Companies like Meta have already invested billions of dollars in the sector, and while the company has produced VR headsets directed at mainstream audiences, it has failed to penetra...

Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto Crime Report last week with a section on crypto scams. “Crypto scam revenue dropped 46% in 2022,” the 109-page report reads, elaborating: Crypto scam revenue fell significantly in 2022, from $10.9 billion the year prior to just $5.9 billion. Chainalysis tracks several types of crypto scams, including giveaway scams, impersonation scams, investment scams, non-fungible token (NFT) scams, and romance scams. Noting its numbers are “a lower-bound estimate,” the blockchain analytics firm explained that “estimates of the true amount lost to fraudsters will grow as we identify more addresses associated wit...

The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.” California Regulator’s Crypto Scam Tracker The Department of Financial Protection and Innovation (DFPI) of the U.S. state of California announced last week the launch of its Crypto Scam Tracker to help people in the state “spot and avoid crypto scams.” The financial regulator described: The tracker details apparent crypto scams identified through a review of complaints submitted by the public and allows California consumers and investors to do their own research and prevent harm to themselves and others. The Californian regulator’s crypto scam tracker is a database — searchable by company name, scam type, or keywords — for consumers to learn more about crypto-specific ...

Gemini’s co-founder believes that the next crypto bull run will come from the East. “It will be a humbling reminder that crypto is a global asset class,” he said. “The West, really the U.S., always only ever had two options: embrace it or be left behind. It can’t be stopped.” Gemini Co-Founder on Next Crypto Bull Run Cameron Winklevoss, co-founder of the U.S.-based cryptocurrency exchange Gemini, believes that the next crypto bull run will come from the East. He tweeted Sunday: My working thesis [at the moment] is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class. “The West, really the U.S., always only ever had two options: embrace it or be left behind. It can’t be stopped. That we know,” he emphasized. “Any government that doesn’t offer clear rules and sincere guidance will be left in the dust. Quickly. This will mean missing out on the greatest period of growth since the rise of the commercial Internet,” ...

PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring , Summer , Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut in half. That token goes from being produced at the fastest rate of the four tokens, to the slowest. Summer tokens are currently produced at a rate of one token every 4.3 seconds. On the 6th of March, that rate will drop to one token every 8.6 seconds. Summer tokens, which are currently the cheapest of the four, are expected to become the most expensive over the following months as the market adjusts to the lower rate of supply. This process has already happened once before , after the Spring halving in June of 2022. Spring was the cheapest token before the halving, and then it became the most expensive. Analysis of the historical data has shown that the relative prices of the tokens tend to reflec...

Yandex, the largest Russian search engine, has updated its currency converter, adding cryptocurrencies. The widget now shows the rates of these coins in a number of fiat currencies, with plans to introduce crypto-to-crypto pairs in the future as well. Yandex Integrates Leading Cryptocurrencies Into Its Currency Converter Users of Russia’s leading search engine, Yandex, can view information about over 140 most popular cryptocurrencies, besides the data for the national currencies of various countries. The crypto rates have been added to the latest version of its currency converter, the company announced. The widget, which features a price chart and a quick conversion tool, is located right above the search results, the Russian Rb.ru news outlet reported, quoting Yandex. The software recognizes standard keywords and even slang or imprecise language in the query. The value of the coins and tokens of interest can be displayed in Russian rubles, U.S. dollars, euros, and other fiat curr...

According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse headset subsidiary. Tencent and Bytedance Reportedly Shedding Metaverse-Dedicated Staff Tencent and Bytedance, two of the biggest Chinese tech companies, are planning to execute hundreds of layoffs in their metaverse development groups according to various reports. Tencent, which is most known for its software business, is currently abandoning its plans to get into the metaverse hardware market, affecting hundreds of employees at the company. According to local outlets, the company told more than 300 employees that they should be searching for new work opportunities and that the extended reality division, dedicated to the development ...