LensLinks: Issue 21

A blockchain news roundup, brought to you by Regiment LLC

Author

Len Pacek
November 01, 2022

Today in LensLinks:

  • Blockchain.com partners with Visa for crypto debit card

  • Top Crypto Strategist Forecasts "Massive Rallies for Ethereum, Avalanche and One Red-Hot Altcoin"

  • 101: What is Web3: The quintessential guide

  • Why the Metaverse Hinges on Datacenters

  • Hong Kong legalizes Bitcoin, Ethereum and Cardano payments to become blockchain hub of the world

  • And Much, Much More...

QUOTABLE...

"There's still a lot of demand for crypto products, but you're seeing that demand shift away from trading and more towards folks that are interested in using DeFo, using their balances."

- Blockchain.com CEO, Peter Smith

NOTABLE...

Top 6 trends that will drive the impact of the metaverse on the virtual and real world

The metaverse is a turning point with limitless opportunities for making money, networking and brand growth.

https://gulfbusiness.com/trends-that-will-drive-the-impact-of-metaverse/

The world was first introduced to the notion of the metaverse in American writer Neal Stephenson’s 1992 book, Snow Crash. A speculative fiction writer, Stephenson wrote about a virtual world that had the potential to extend the physical world. Actions in the virtual world could possibly impact the physical world. The technology in the book was imaginary but based on the technological advancements of the 20th century which brings us to the hyped metaverse of today.

 Metaverse & Gaming

Metaverse Project WeMade Put on 'Caution' List in South Korea After Releasing Inaccurate Token Data

WeMade said it accidentally excluded the issuance of tokens meant to supply liquidity to its mainnet and increase user participation.

https://www.coindesk.com/business/2022/10/31/metaverse-project-wemade-put-on-caution-list-in-south-korea-after-releasing-inaccurate-token-data/

In a notice to traders, crypto exchange UpBit said WeMade had 72 million more wemix tokens circulating than it reported. Along with UpBit, rival exchanges Bithumb, Korbit and Coinone placed an investment warning on the tokens.

“It was confirmed that there was a difference between the distribution volume plan information submitted to DAXA member companies such as Upbit and the actual distribution volume,” the UpBit notice read. DAXA, the Digital Asset Exchange Joint Association, is the country's self-regulating organization that oversees the legal aspects of crypto offerings.

 Blockchain, Tokens & DeFi

Blockchain‌.com partners with Visa to offer crypto debit card

The launch of the new crypto debit card follows the announcement of similar products from FTX and BitOasis.

https://cointelegraph.com/news/blockchain-com-partners-with-visa-to-offer-crypto-debit-card/amp

Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, available to only United States residents initially, which allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted.

Crypto Trading

Top Crypto Strategist Forecasts Massive Rallies for Ethereum, Avalanche and One Red-Hot Altcoin – Here Are His Targets - The Daily Hodl

A widely followed crypto analyst is predicting epic rallies for a trio of altcoins that includes smart contract platforms Ethereum (ETH) and Avalanche (AVAX).

https://dailyhodl.com/2022/10/30/top-crypto-strategist-forecasts-massive-rallies-for-ethereum-avalanche-and-one-red-hot-altcoin-here-are-his-targets/amp/

The pseudonymous analyst known in the industry as Kaleo tells his 537,300 Twitter followers that Ethereum is likely gearing up for a massive rally that’ll see its value rise above $4,000 by July 2023.

Metaverse & Gaming - A Little More...

Why Neal Stephenson is trying to make the open metaverse into a reality

Did you miss a session from GamesBeat Summit Next 2022? All sessions are now available for viewing in our on-demand library. Click here to start watching. The metaverse has been trending for a couple of years as humanity’s answer to the pandemic and remote work. Neal Stephenson, the author of the science fiction novel Snow […]

https://venturebeat.com/games/why-neal-stephenson-is-trying-to-make-the-open-metaverse-into-a-reality/

What is Web3?: The Quintessential Guide

In this article, you will learn about the basics of Web3, how it affects blockchain technology, the metaverse, and shape the future of the internet.

https://www.youhodler.com/blog/what-is-web-3

Blockchain, Tokens & Defi - A Little More...

Hong Kong legalizes Bitcoin, Ethereum and Cardano payments

Hong Kong is taking a softer stance towards cryptocurrencies and is currently looking to legalize retail crypto trading.

https://www.crypto-news-flash.com/hong-kong-legalizes-bitcoin-ethereum-and-cardano-payments-to-become-blockchain-hub-of-the-world/

The U.S. Will Weaponize The Dollar By Backing It With Bitcoin | Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

https://bitcoinmagazine.com/.amp/markets/united-states-will-back-dollar-with-bitcoin

Crypto Trading - A Little More...

Crypto whales are buying huge stacks in these two altcoins

A top on-chain analytics company has revealed that crypto whales are fast accumulating two tokens built on the Ethereum network

https://www.crypto-news-flash.com/crypto-whales-are-buying-huge-stacks-in-these-two-altcoins-possible-rally-of-x50/

Cryptocurrencies To Watch: Week of October 31

This week’s cryptocurrencies to keep an eye on are Dogecoin (DOGE), Shiba Inu (SHIB), Ethereum (ETH), Flow (FLOW), and The Sandbox (SAND).

https://www.investopedia.com/crypto-to-watch-10-31-2022-6823488

ESG (Environment, Social & Governance)

Why Metaverse Hinges on Data Centers – What it means for the Future of Sustainability - Express Computer

The metaverse is here - but companies have many miles to achieve before they can fully leverage this new iteration of the internet. One thing is certain: the metaverse will require A LOT of data centers.

https://www.expresscomputer.in/news/why-metaverse-hinges-on-data-centers-what-it-means-for-the-future-of-sustainability/91326/

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.