Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
Shiba Inu vs Metacade: What is the better crypto investment?
Following in the footsteps of meme coins like Doge, Shiba Inu crypto token exploded in 2021 and ended up becoming one of the top-performing assets of the last bull run. But if you’re comparing it to Metacade moving forward, you may not be sure which is the better investment to make. This article should help. It covers everything you need to know about Shiba Inu crypto vs. Metacade to help you figure out which should top your investment list. What is Metacade (MCADE)? Metacade is Web3’s first virtual arcade. It’s a place gamers can go to try out the best GameFi and P2E titles in a single place. With an ever-increasing number of different games to choose from, there’ll be something for everyone to enjoy in the Metacade, whether they’re casual or hardcore gamers. The platform also provides ma...
Bitcoin miner Core Scientific reportedly filing for Chapter 11 bankruptcy
Just days after a creditor offered to help Core Scientific avoid possible bankruptcy, reports have emerged confirming the Bitcoin (BTC) mining company’s fate. Core Scientific is reportedly filing for Chapter 11 bankruptcy protection in Texas owing to falling revenue and low BTC prices. On Dec. 14, financial services platform B. Riley offered to provide Core Scientific with $72 million in non-cash financing — $40 million with zero contingencies and $32 million with conditions — to retain value for stakeholders. The decision was made after Core’s valuation fell from $4.3 billion in July 2021 to $78 million at the time of reporting. As a direct result of an extended bear market, Core Scientific had to sell 9,618 BTC in April to stay operational. A CNBC report quoted a person familiar wit...
Superhero cans merger with Swyftx citing regulatory scrutiny
With more regulators eyeing the crypto space as the FTX debacle continues, the $1.5 billion merger of online investing platform Superhero with the Australian crypto exchange Swyftx was shelved. In an email to its customers, Superhero highlighted that it will not be proceeding with its merger with the crypto exchange. According to the company, this is because of heightened regulatory scrutiny within Australia and globally. They wrote: “As a result of the current environment, we have decided that the best thing for our Superhero customers is to unwind the merger and move forward as a separate, unrelated company.” The firm also assured its users that their funds are safe, as neither their data nor their assets were provided to Swyftx. The companies first announced the merger on June 8 a...
Crypto on-chain crime drama sees the good guys finally win
The stories about people getting their private keys hacked or stolen are nothing new, with a number losing their life savings because of these thefts. However, in quite an anti-climax scene, a crypto user managed to save their crypto holdings despite losing their private keys. Harpie, an on-chain security firm, revealed an instance of on-chain crime drama where the good guys eventually won. One of the users in their Discord group reportedly raised concerns about the suspected theft of their private keys. When the firm looked into said customer’s wallet, someone was indeed trying to transfer funds from the victim’s accounts. How did we do this? About a month ago, this user protected their tokens with Harpie. By approving and protecting their tokens with Harpie, this user gave us permis...
Alaska adds ‘virtual currency’ to its regulatory regime
From Jan. 1, 2023, the term “virtual currency” will take its place in the money transmission regulations of Alaska. It will oblige the companies dealing with digital currencies to obtain a money transmission license in the state. As reported by the law firm Cooley on Dec. 19, the state of Alaska amended its money transmission regulations to include the definition of “virtual currency.” According to the amendment to the local Administrative Code, adopted by the Division of Banking and Securities (DBS), the virtual currency is: “[A] digital representation of value that is used as a medium of exchange, unit of account, or store of value; and is not money, whether or not denominated in money.” The most obvious impact of this change, which will come into force on Jan.1, is the requirement...
Megan Thee Stallion Shooting Eyewitness Offers Confusing Testimony, Pegs Both Tory Lanez and Megan’s Ex-Friend as Shooter
Sean Kelly, an alleged eye witness to the 2020 incident in which Megan Thee Stallion was shot, offered confusing and contradictory testimony Tuesday (Dec. 20) about what really happened, saying he never actually saw a gun — but also that he saw a man matching Tory Lanez’s description holding one, and that Megan’s former friend and assistant Kelsey Harris may also have fired. During the seventh day of the blockbuster trial, Kelly (a key witness for Lanez’s defense team) testified that when he first looked outside his home on the night of the incident, he saw Megan and Harris kicking and punching each other outside of a vehicle. “They were pulling their hair and hitting each other. It was quite violent,” he told Lanez’s attorney George Mgdesyan. Shortly after a man matching the description o...
Elon Musk Officially Confirms He Will Resign as Twitter CEO as Soon as He Finds a Replacement
Following Elon Musk‘s Twitter poll that asked users if he should step down as CEO, fans have appeared to have spoken, after over 17.5 million votes. In his most recent Twitter poll, Musk engages the public on whether he should step down as “head of Twitter,” going as far as stating that he will “abide by the results of this poll.” After receiving a 57.5% of votes that indicated that he should step down, he Tweets, “As the saying goes, be careful what you wish, as you might get it.” Now that the public has spoken, Musk has officially announced that he will be resigning as CEO. He takes to Twitter to make this statement, also adding that he will be stepping down as soon as he has found “someone foolish enough to take the job!” While he appears to be willing to follow through with his word, M...
4 legislative predictions for crypto in 2023
If you saw the returns in my crypto portfolio this year, you would take a pass on my predictions for the direction of the cryptocurrency market. So, I will stick to what I know and share some regulatory predictions for the crypto industry. Few legislative changes A few minor victories will logroll small legislative fixes into “must pass” bills like the defense authorization or omnibus spending bills. The top candidate would be a de minimis exemption for smaller crypto transactions to exempt users from capital gains tax liability every time they purchase a coffee with crypto. The protection for noncustodial crypto providers in Republican Representative Tom Emmer’s bill might make it in as well. On the outside, a bipartisan stablecoin bill may be possible, though Senate Democrats are still a...
Uniswap to allow users to buy cryptocurrency using debit and credit cards
Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and the Single Euro Payments Area, also known as SEPA. In the announcement made on Dec. 20, Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism, and Artibrum in a matter of minutes. 1/ Go direct to DeFi Starting today, you can now purchase crypto on the Uniswap Web App using a credit/debit card or bank transfer at the best rates in web3 thanks to our partnership with @moonpay! https://t.co/YVyk8e6d2h — Uniswap Labs (@Uniswap) Decemb...
Who has returned donations or contributions from FTX amid the firm’s reputational risks?
Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these funds? Bankman-Fried said in May he had been willing to donate between $100 million and $1 billion to lawmakers as part of elections in 2024. Bloomberg reported on Dec. 12 — hours before SBF’s arrest in the Bahamas — that his total donations could be at least $73 million, given directly to candidates or through political action committees (PACs). Though many of Bankman-Fried’s and FTX’s donations to Democrats were noted with the Federal Election Commission as part of the public reco...
SBF signs extradition papers, set to return to face charges in the US
Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 that will soon see him handed over to Federal Bureau of Investigation (FBI) agents and flown to the United States to face criminal charges. The move was expected, as Bankman-Fried was reported to have agreed in principle to being extradited to the U.S. earlier this week on Dec. 19, despite earlier reports indicating he wanted to see the indictment against him fir ABC News reported the development that Bankman-Fried signed extradition papers on Dec. 20 citing The Bahamas’ acting commissioner of corrections Doan Cleare. A Dec. 21 report from Bloomberg said the exchange founder signed surrender documents on Dec. 20 citing Cleare, with another set of papers waiving h...
Polygon and Metacade: Two 50x opportunities for 2023
Bearish times in the market are typically when the newest batch of crypto millionaires are made. People have started speculating and trying to figure out which cryptos are next in line to go to the moon. This article is all about uncovering two tokens that have extremely high growth potential. Polygon (MATIC) and Metacade (MCADE) each have the potential to drive the GameFi sector forward. At the moment, both tokens are extremely underpriced and poised for some meteoric growth. In this article, we’ll be discussing the Metacade and Polygon price predictions and show exactly why these projects are so valuable to the GameFi revolution. What is Polygon? Polygon (MATIC), formerly Matic Network, is a decentralised platform that allows for the instant, secure, and trustless deployment of Ethereum-...
