Aug 22: China's Social Credit System Enters the Metaverse, Gaming Influencers' Earnings, Coinbase's Strategic Move

Aug 22: China's Social Credit System Enters the Metaverse, Gaming Influencers' Earnings, Coinbase's Strategic Move

Dive into the latest crypto happenings! China is integrating its social credit system into the metaverse, raising concerns about privacy and control. Gaming influencers like Faze Banks and Nadeshot are among the top earners in the "friend tech" industry. Phantom signs in on Solana's wallet, offering enhanced user experience. The Dogecoin community reacts strongly to the proof-of-stake switch, according to core developers. Indian crypto exchange CoinDCX cuts jobs due to the bear market's impact. Coinbase acquires a stake in Circle, contributing to the dissolution of USDC Centre. A crypto fund misled investors by promising unrealistic returns of 2700%.


#CryptoNews #China #Metaverse #GamingInfluencers #Coinbase #Cryptocurrency #CryptoScams

__________


News Links 👇


https://decrypt.co/153163/china-is-taking-social-credit-system-metaverse


https://decrypt.co/153243/gaming-influencers-faze-banks-nadeshot-among-friend-tech-top-earners


https://blockworks.co/news/phantom-sign-in-solana-wallet


https://decrypt.co/153296/dogecoin-community-has-become-hyper-reactionary-over-proof-stake-switch-says-core-dev


https://www.coindesk.com/business/2023/08/22/indian-crypto-exchange-coindcx-is-cutting-12-of-jobs-as-bear-market-taxes-take-their-toll/


https://decrypt.co/153229/coinbase-buys-stake-circle-dissolving-usdc-centre


https://decrypt.co/153190/crypto-fund-misled-investors-promised-2700-returns


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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!


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Episoder(722)

March 27: Bitcoin Drops Below $67K on Geopolitical Fears

March 27: Bitcoin Drops Below $67K on Geopolitical Fears

Bitcoin plunges below $67K as Iran war fears, rising Treasury yields, and oil spikes trigger liquidations and retail selling, with Bitcoin ETFs seeing their biggest outflow in three weeks. Tether comm...

27 Mar 8min

March 26: Bitcoin Slips Below $70K on Oil Spike

March 26: Bitcoin Slips Below $70K on Oil Spike

Bitcoin slips below $70K as oil spikes from Iran tensions and macro jitters trigger derivatives unwinds and risk-off flows, with Ethereum and Solana also declining. Regulatory progress includes Senate...

26 Mar 9min

March 25: AI Tokens Heat Up While Stablecoin Yields Face Threat

March 25: AI Tokens Heat Up While Stablecoin Yields Face Threat

Bitcoin steadies above $71K on hopes of an Iran ceasefire and falling oil prices, outperforming in a volatile macro environment, while AI tokens surge on renewed interest. Stablecoin yields face poten...

25 Mar 11min

March 24: Geopolitical Easing, AI Tokens Surge Amid Tokenization Push

March 24: Geopolitical Easing, AI Tokens Surge Amid Tokenization Push

Bitcoin rebounds toward $71K on short liquidations and easing geopolitical noise, with analysts eyeing a potential bottom near $60K and long-term bullish targets. Tokenization accelerates via NYSE-Sec...

24 Mar 8min

March 23: Stablecoin Exploit Hits Hard, Tokenization in Focus

March 23: Stablecoin Exploit Hits Hard, Tokenization in Focus

Bitcoin rebounds above $70K after heavy liquidations and oil shock volatility, outperforming stocks amid Iran tensions. Major exploit crashes Resolv stablecoin by 70%+, while tokenization takes center...

23 Mar 8min

March 20: Bitcoin Steady Near $70K–$71K

March 20: Bitcoin Steady Near $70K–$71K

Bitcoin stabilizes near $70K–$71K with potential boosts from Iran sanctions relief talks, while institutional products advance (Fidelity custody for Morgan Stanley ETF, BlackRock's staked ETH hitting ...

20 Mar 6min

March 19: Bitcoin Slips Below $70K on Hawkish Fed, Oil Surge, and Risk-Off Sentiment

March 19: Bitcoin Slips Below $70K on Hawkish Fed, Oil Surge, and Risk-Off Sentiment

Bitcoin drops below $70K amid hawkish Fed signals, hotter inflation data, and oil-driven risk-off from geopolitical tensions, snapping ETF inflows and triggering liquidations. Regulatory wins include ...

19 Mar 5min

March 18: Bitcoin Dips to ~$71K on Inflation Data

March 18: Bitcoin Dips to ~$71K on Inflation Data

Bitcoin faces pullback to ~$71K from inflation surprises and geopolitics, but altcoins like ETH, XRP, and DOGE post solid rebounds amid ETF support and institutional optimism. SEC provides clarity on ...

18 Mar 4min

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