Quote of the Week: “Bitcoin’s having one of its worst starts [to a new year] ever… But you have to get used to it, just like you had to get used to Amazon, where it would have these 30% to 50% corrections, same thing with Bitcoin.”- Kevin O’Leary. Source: https://finance.yahoo.com/
Alpha Sigma Capital Research: This week Alpha Sigma Capital Research published an update on Splinterlands “SPS”. Read the report here. The next installment of What You Need to Learn About series covered The Metaverse. Read the article here.
GameStop NFT Division? Gamestop has supposedly now hired over 20 people to operate its NFT division and is in the process of securing partnerships with cryptocurrency firms for NFT game development. As a result of this news, GameStop shares increased 26% in the after-hours trade. Apparently, GameStop’s NFT platform will allow for the buying, selling, and trading of gaming NFTs and is set to launch this year. Source: https://cointelegraph.com/
International Regulation Featuring Pakistan: The government and central bank of Pakistan want to ban the use of cryptocurrencies, declaring them illegal. A document, the first clear position taken by the central bank, was submitted to a provincial court that would declare cryptocurrencies to be illegal. Source:
Disney and The Metaverse: Disney’s patent was recently approved for a “virtual-world simulator” that would create interactive attractions for theme park visitors. The patented technology would allow for the generation and projection of personalized 3D effects on physical spaces, walls, and objects in the entertainment park. Source:
Bitcoin Update: Although the value of Bitcoin has dipped in 2022, on January 12, Bitcoin and other cryptocurrencies rallied after news revealed that the United States Inflation Rate increased by 7% year-over-year in December.
Samsung and The Metaverse: Samsung has launched its metaverse store in Decentraland. The metaverse store is a virtual replica of a real-world store in New York City. The virtual store is meant to enhance customer interaction during the ongoing COVID-19 pandemic that is deterring people from entering its physical stores. The metaverse store will only be accessible for a limited period of time. Source: https://cointelegraph.com/
And, that’s a wrap!