Inside the Crypto Dimension #12
Apple wants 30% from in-app NFTs 🍎 | Disney looking towards Metaverse? 🐭 | Building crypto projects during bear market 🐻 | Tether (USDT) ordered to reveal stablecoin backing 📄 | and more...
Crypto prices stay the same, but the crypto world keeps on moving. Big companies are on the move and looking for new opportunities. Apple is taking a stand on in-app NFT trading and wants a piece of the business. Disney is looking to hire NFT and Metaverse specialists. Even though we live in a bear market, there are still investments available for new blockchain projects.
The crypto world is not free from scams, problems, and accusations. Infamous Terra/Luna founder Do Kwon seems to be missing and Interpol has issued an international help request on finding him. At the same time, Tether (USDT) is being investigated for allegations of inflating Bitcoin prices. How these will turn out, remains to be seen. Remember to keep your head cool when investing in cryptos.
This week saw Bitcoin starting in the familiar 19 000 USD range, with a sudden jump to over 20k. However, the jump seemed to be just a short one. Ethereum fluctuates around 1300. USD, staying in the same numbers as last week.
To put it short - the numbers are the same as last week. So just try to hang on even though the cold breeze is blowing in the crypto world 🥶.
Let’s dive into the news. Keep on scrolling! 👇
News and Stories from the World of Cryptos
Building Web3 During Bear Market
Bear market has hit the web3 companies hard and caused many cryptocurrency projects to crash. The article discusses the fact that many investors are currently looking for new projects to invest in. The bear market is also a good time to concentrate on creating new as there is less hype floating around.
Apple to Impose 30% Commission For NFTs Sold Through iOS Apps
Apple is well-known for taking a commission from everything that is sold through their app stores. Now, Apple is taking a step towards NFT commissions as well.
Disney’s Latest Job Posting Hints at Big Plans for NFT and Crypto Adoption
Disney has posted a job offer, looking for “Principal Counsel - Corporate Transactions, Emerging Technologies & NFTs”. The company seems to have big plans for blockchain, NFTs and Metaverse. The post states the job description as following:
“The Corporate Transactions Group, within the Legal Department of The Walt Disney Company, is seeking an experienced corporate attorney to work on transactions involving emerging technologies, including NFTs, blockchain, metaverse and decentralized finance.”
This is probably not so surprising, as one company after the other is looking towards Metaverse for new ventures.
Ethereum Cofounder Vitalik Buterin Wants Dogecoin, Zcash to Move to Proof-of-Stake
Ethereum did the merge and switched to proof-of-stake. The co-founder of Ethereum, Vitalik Buterin suggested that both Dogecoin and Zcash should switch to proof-of-stake as well. This should improve the energy efficiency and also have an effect on the gas fees.
Interpol issues ‘red notice’ for Terra stablecoin co-founder Do Kwon
The founder of Terraform Labs and the creator of Terra & Luna cryptocoins that ended in a disaster, is now on the run. Interpol has asked for help from international law enforcement to help in finding and arresting Do Kwon. Do Kwon himself tweets that he is not trying to hide or anything. What is really going on behind the scenes?
Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
Tether, the stable coin known as USDT, has been ordered by US judge in New York to share information related to the backing of the stable coin. There has been many rumours around the stable coin, asking whether there really exists enough money to back the coin’s value. The US lawsuit is related to the alleged lawsuit that Tether has caused over 1 trillion dollar costs to the market.