LensLinks: Issue 45

Today in LensLinks:

• Where do you think Bitcoin is heading? "Dave the Wave" has a theory.

• From Intern to President: Jump's Kariya.

• The 1% Tax the Crushed Indian Crypto Trading

• Anime Avatars Launch Japan Metaverse

• BOA Wants Regulation for Crypto Adoption

• And Much, Much, More...

Metaverse, or the next iteration of the internet, is set to offer a plethora of career options as many industries recognise its potential and develop use cases. It is already gaining popularity among youth as seen by the Pokémon Go craze of 2016.

The potential economic impact of the metaverse, or Web 3, in India could range from $79 billion to $148 billion per year by 2035, translating into 1.3 percent to 2.4 percent of the country's GDP, as per a Deloitte report.

The well-established – though secretive – proprietary trading giant Jump Trading officially announced its crypto arm in September via a blog post authored by Kariya. The post confirmed what the industry had known or suspected, that the 23-year-old traditional finance (TradFi) firm has been buying, selling and funding crypto projects for years. Kariya called the project “six years in the making,” having started as an intern at Jump’s research lab at the University of Illinois.

Pseudonymous analyst Dave the Wave tells his 130,200 Twitter followers that Bitcoin could ascend to $350,000 by December 2027 based on his logarithmic growth curve (LGC) model.

Throughout the year, India’s central bank has repeatedly shown its hostility for cryptocurrencies by favoring efforts at complete prohibition. One person, Indian Finance Minister Nirmala Sithararman, has kept parliamentary debate on that possibility at bay by not introducing any draft legislation.

“Cryptocurrencies are by definition borderless,” she wrote to Parliament, explaining that no regulation or ban could be effective without “significant international collaboration."

Metaverse & Gaming - A Little More...

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

Crypto Trading - A Little More...

“An increased urgency for regulation may enable greater institutional engagement, and a shift in focus (and capital) from speculative trading to projects with real-world functionality and companies with road maps to profitability may accelerate industry maturity,” analysts Alkesh Shah and Andrew Moss wrote.

Private enterprises can play a key role in leading the green transformation in the Asia-Pacific region, with more support needed to take care of the financial needs of smaller businesses, a forum has heard.

While governments play an important part in the region's green transformation, businesses are still critical stakeholders, with power and resources to make a difference, said Tientip Subhanij, chief of investment and enterprise development at the Economic and Social Commission for Asia and the Pacific, or ESCAP.

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