Microsoft CEO Satya Nadella praises Metaverse’s ‘sense of presence’, calls it ‘game-changing’
Microsoft CEO Satya Nadella says that especially for this technology, which is the most game-changing, this feeling comes when you are talking and with the extensive experience of the metaverse that this technology to bring the world together. It instills a sense of presence and co-operation in both the communities which according to them is desperately needed. The CEO has given his opinion about its future and its profit process. In a conversation with Klaus Schwab, President of the World Economic Forum, he says that using technology to convey a sense of presence while interacting will be a game-changing feeling.
Economist Mohamed Al-Arian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring It Down
Analysts and economists alike are closely watching and monitoring inflation as investors talk about the Federal Reserve’s next move. The annual inflation rate has dropped to 6.5% in December 2022 and many experts predict it will see a further reduction. However, economist Mohamed El-Arian of the University of Cambridge believes that inflation will become “sticky” in mid-year, or as high as 4 percent. The central bank, on the other hand, mainly focuses its attention on working the inflation down to two per cent.
Ethereum developers begin finalizing Shanghai upgrade ‘shadow fork’ for testing and bug detection
According to software engineer Marius van der Wijden, Ethereum developers have begun finalizing the Shanghai upgrade “shadow fork”. The “shadow fork” will serve as a test environment for the Shanghai upgrade, allowing developers to identify bugs and any potential issues.
Report: Crypto Adoption Hits New Milestone – Global Crypto Owners Reach 425 Million in 2022
Crypto adoption achieved new milestones in 2022, with the number of crypto owners reaching 425 million during the year, a new report from Crypto.com reveals. Furthermore, the report shows that the number of owners of bitcoin reached 219 million in December while the number of owners of ether reached 87 million.
Microsoft layoffs reportedly affected key VR and metaverse teams
The latest round of layoffs at Microsoft, which announced it will lay off 10,000 jobs this year and according to reports itself, key teams for virtual reality and metaverse efforts have been affected. The company will be discontinuing two projects, Altspacevr and the Mixed Reality Toolkit, that are potentially stifling Microsoft’s progress in these areas.
Bitcoin Bridged on Avalanche Surpasses Value Locked on Lightning Network
Members of the crypto community are discussing the number of 1 bitcoins that have been added to the Avalanche Network is now larger than the total value locked on the Lightning Network and, at the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while Lightning There are 5,248 bitcoins in the network.
Biggest Movers: XRP Hits 3-Month High as Crypto Markets Consolidate on Monday
Xrp hit its one-month high on January 23 as market optimism grew in relation to a lawsuit between Ripple and the United States Securities and Exchange Commission and CEO Brad Garlinghouse’s comments last week that many Have bought the token in the hope of ending the case in the next month. Dogecoin was another notable gainer on Monday.
Ethereum Could Benefit From Stealth Address Implementation, Says Vitalik Buterin
Ethereum co-founder Vitalik Buterin suggests using an address to enhance privacy preserving transfers through a research and elaborates that stealth addresses can be implemented fairly quickly on Ethereum today and the blockchain. This will promote user privacy on the network.
Bitcoin, Ethereum Technical Analysis: BTC Stays Near $23,000 to Start the Week
Bitcoin appeared to be hovering around the $23000 level on January 23 as the market was building a bullish mood. The world’s largest cryptocurrency posted strong value gains at its highest since August in a week where bulls made significant gains and are gaining ground. Ethereum is also turning in the green today and is trading above $1600 in the process.
Singapore regulator advocates ‘one regulatory system’ for crypto and traditional finance
Singapore’s senior minister and chairman of the central bank, the Monetary Authority of Singapore (MAS) believes that there should be a regulatory system for both crypto and traditional finance. Furthermore, he insists that the regulators should have clarity about the unregulated market. Regulators know that they go at their own risk or are we better off providing more clarity so that we know about the market risk. It is further said that he leaned slightly towards the latter view. That’s why people are very clear. There is a new system for everything and if you bought out of the system then be careful. There is a regulatory system for everything.
Minister says crypto will ‘play a major role’ in UAE business
According to the Minister of Foreign Trade and State of the United Arab Emirates (UAE), cryptocurrencies will play a major role in furthering business in the United States Emirates and he has stressed that the most important thing when we talk about cryptocurrencies and companies is So we want to ensure a global governance and crypto currency will play a major role in furthering business in our country.
We must accelerate viable DeFi alternatives to centralized services
Mismanagement and fraud by multiple opaque centralized exchanges in 2022 is driving people back to crypto’s core principles, such as decentralization, self-custody, transparency and censorship resistance, according to an opinion piece written by Dennis Jarvis, CEO of Bitcoin.com. Naturally people are looking towards DeFi (Decentralized Finance) and unfortunately most of the decentralized is not yet ready to act as suitable alternative and also in the article talk about two important things – How to make it more accessible to users and how to improve its performance as compared to centralized services.
NYDFS Issues Guidance on the Importance of Segregation and Segregated Accounting for Customer Funds in the Crypto Industry
The New York Department of Financial Services (NYDFS) on Monday provided guidance on custodial structures to help protect customer money in the event of a crypto farm bankruptcy. New York’s top financial regulator had stressed that businesses should not mix customer funds and keep customer funds with separate accounting.
