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The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review
30.10.2022
In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing...
Metaverse schooling to help Japanese city combat growing absenteeism
29.10.2022
Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021
Toda City in Japan Is Using Metaverse Tools to Combat School Absenteeism
29.10.2022
Toda City, located north of Tokyo in Saitama prefecture, is using metaverse-based tools to fight the absenteeism problem that Japan faces. The city includes children in virtual spaces where they can explore virtual campuses and attend classes online, while preparing to eventually rejoin regular...
Xbox Boss Phil Spencer Calls Today’s Metaverse a ‘Poorly Built Video Game’
29.10.2022
Phil Spencer, CEO of gaming at Microsoft and head of Xbox, directed some criticism at the idea of the metaverse and how it is being executed. Spencer remarked that for him, the current metaverse is a “poorly built video game,” but also that the sector was still in its early stages...
Visa Files Trademark Applications for Crypto Wallets, NFTs and the Metaverse
28.10.2022
The move follows that of other large corporations and payment companies including American Express
Crypto Biz: Is Zuckerberg’s $100B metaverse experiment doomed to fail?
28.10.2022
Meta's Reality Labs division lost $3.672 billion in the third quarter. Some shareholders aren't happy with the company's oversized investment in metaverse technology
Legendary Rocker Ozzy Osbourne’s Ozzfest Festival Is Coming to the Metaverse
28.10.2022
Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place...
Crypto News Summary: 3 Indian Crypto Firms Investigated, NYSE Delists Twitter Shares, Ripple’s XRP Holdings are 'Below 50%'
28.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: 3 Indian Crypto Firms Investigated, NYSE Delists Twitter Shares, Ripple’s XRP Holdings are 'Below 50%'
Dvision Network Announces 4th LAND Sale Together With Binance NFT and GameFi․org
28.10.2022
PRESS RELEASE. Despite the decrease of NFTs trade volume from all time high, the metaverse development is reaching all time high since more organisations and governments show high interest in this emerging technology. Such as recent Norwegian Government joins metaverse with Interpol is already...
Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges
28.10.2022
The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he said emotionally after stating previously that Meta was a good investment. “I...
Tech Behemoths Could Become ‘Dinosaurs’ if They Enter the Metaverse for the Wrong Reasons, Deepak Chopra Says
27.10.2022
Chopra, founder of health-care company Chopra Global, discusses why big names in tech could succumb to short-lived success if they leap into the metaverse with the wrong intentions
JPMorgan Exploring Digital Identity Wallets in Web3
27.10.2022
Major investment bank JPMorgan is exploring a future in “the new web” that would see users “freely traverse across digital realms in a trusted way, all using one digital identity in multiple places.”
More precisely, it is exploring the idea of a digital wallet, or a Web3 digital ID offering. It...
Top five metaverse ecosystems that will likely shape the virtual world in 2023
27.10.2022
Could human beings soon exist in digital worlds? This idea has often been floated in the virtual gaming realm and is slowly becoming more than a possibility. You might have come across the ‘metaverse’ concept, combining emerging technologies such as Blockchain, Augmented Reality, and Virtual...
Meta’s Metaverse Business Loses Over $3.5 Billion in Q3 2022
27.10.2022
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new metaverse-related initiative.
Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to...
Silicon Valley tech CEOs are not big fans of metaverses
27.10.2022
Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term
Meta’s Reality Lab division suffers $3.7B loss in Q3
27.10.2022
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The VR and AR operations department has experienced losses while trying to elevate...
Metaverse losses top $3.6B for Meta with spending set to increase
27.10.2022
The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year
Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
26.10.2022
Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter
Norway Steps Into the Metaverse With Decentraland Tax Office
26.10.2022
The move is part of a greater effort to educate a younger audience about taxes related to DeFi and NFTs – starting with an office in the metaverse
Norwegian gov't agency opens metaverse office in collaboration with EY
26.10.2022
The Brønnøysund Register Center collaborated with EY to open a virtual office in the Decentraland metaverse to reach its next generation of users