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The movers and shakers in the crypto space



Older people are moving into the world of crypto whilst Riot Blockchain recruits a new head of corporate development

Crypto not only for the young

Older Americans are investing in crypto to help fund their retirement.

According to KuCoin, 27% of Americans aged between 18-60 have either owned or traded crypto in the last 6 months.

While 28% of Americans aged 50 and above, have used crypto to secure their retirement.

Despite the market’s meltdown, older people are wanting to expand their portfolio and follow the crypto trend.

Investment banker Jason Chung joins Riot Blockchain

Joining as the head of corporate development, Chung will work on capital markets and financing deals at the company, which focuses on large-scale mining in the US.

Riot Blockchain has the largest Bitcoin mining and hosting facility in North America.

The company was a bio-tech equipment maker until it renamed itself in 2017 to reflect a new focus.

But shares have plunged about 68% this year as Bitcoin prices slide.

The company has a market value of about $913 million.

Chung has been working on mergers and acquisitions at the Japanese lender, Nomura since 2014.

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Is the metaverse the future of social network?



U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

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Who will win the global metaverse race?



China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech

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North Korean hacker groups steal billions in crypto assets



G7 finance ministers are supporting measures to counter growing threats in the crypto space

Hacker groups associated with North Korea have stolen over $700 million worth of crypto assets since 2017 from Japanese firms and businesses.

The amount equates to 30 per cent of the total of such losses globally.

This comes on the back of G7 finance ministers supporting measures to counter growing threats.

In total, hackers has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022.

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