Why Bitcoin’s popularity could soon fade away
Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market
Of the dozens snapping at its heels, most alternative coins have little use beyond financial trading, but very few investors seem bothered.
It’s led to analysts to raise a question “could bitcoin die” ?
Rise of alt-coins and more hate from Musk?
As the rise of Shib Coin, Dogecoin and Ethereum continue at rapid speeds, and Elon Musk swings some hate for Bitcoin’s environmental impact, the number one crypto could become a memory.
Ethereum, the worlds second largest digital currency has risen to all time highs over recent months, as investors gain momentum behind the crypto created by Vitalik Buterin.
Ether – as it’s also known by, has risen beyond $4,000 USD.
According to Forbes, an expert panel of crypto investors has predicted that the world’s second-largest crypto will rise to $20,000 by 2025.
The prediction comes due to the “major upgrades” that are set to be made to the Ether network potentially pushing it higher.
The rise of Shib Inu Coin
The “Shiba Inu coin” also known as SHIB coin or $SHIB is rising in popularity. Much like Dogecoin – it started out as a meme, but now crypto investors are seeing some potential.
Shiba was founded by the mysterious Ryoshi, in 2020.
Shibu Inu coin can be bought as tokens directly from their website, or through popular third parties like the Uni-swap platform.
What about Dogecoin?
Doge took a hit in recent weeks after Tesla CEO Elon Musk referred to it as a ‘hustle’ on live TV.
At the same time however, the billionaire has been vocal with his support of the crypto, going as far as tweeting a poll if Tesla should accept Doge as a payment method.
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
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
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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