Autor Cointelegraph By Editorial Staff

Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekElon Musk buys Twitter for $44B — crypto industry reactsEccentric billionaire Elon Musk bought Twitter for around $44 billion this week, or $54.20 per share in cash. After the deal was accepted, Musk said he hoped that “even my worst critics remain on Twitter, because that is what free speech means.” The crypto industry’s reaction was mixed, with Dogecoin co-creator Jackson Palmer describing the acquisition as a “hostile takeover” antithetical to the idea of freedom, while Bitcoin bulls Anthony Pompliano and Michael Saylor welcomed the move.ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auctionBored Ape Yacht Club-affiliated ApeCoin (APE) hit a new all-time high of $22.60 on Thursday amid growing excitement about the upcoming Otherside metaverse land auction, which is being held by Animoca Brands and BAYC creator Yuga Labs.Otherside is a forthcoming metaverse project within the BAYC ecosystem, and it is hosting the sale of its first 100,000 land parcels on Saturday. Wallets that already hold a BAYC or Mutant Ape Yacht Club NFT will be able to claim a land parcel for free. Meta will open physical metaverse-themed store in San Francisco Bay AreaMark Zuckerberg’s Meta is set to open a retail store in Burlingame, California that will sell virtual reality and metaverse hardware. The store will be located on Meta’s Burlingame campus and will feature a wall-to-wall curved LED screen that displays what users see using Meta headsets.The store will also provide demos for anything related to virtual reality headsets, video communications displays and smart glasses. “The Meta Store is going to help people make that connection to how our products can be the gateway to the Metaverse in the future,” said store head Martin Gilliard.Central African Republic will adopt Bitcoin as legal tender: ReportThe Central African Republic (CAR) reportedly passed a bill this week enabling Bitcoin to be used as legal tender alongside the franc. The CAR now joins El Salvador in taking the ambitious plunge into fully adopting BTC. President Faustin-Archange Touadéra’s chief of staff, Obed Namsio, was quoted as saying that the move was aimed at making the CAR one of the “boldest and most visionary” countries in the world. The nation of 5 million has one of the smallest economies in the world with a gross domestic product of roughly $2.4 billion.Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrenciesThe Federal Senate of Brazil also made a strong crypto move this week, passing the country’s first bill governing cryptocurrencies. The bill will enable the government to create a regulatory framework for the local crypto industry.Senators have discussed providing crypto miners with incentives for setting up shop in Brazil, and they are also looking to introduce heavy punishments for any fraudulent or bad behavior in the sector. In order to become law, the bill must next be approved by the Federal Senate’s Chamber of Deputies and then signed off by President Jair Bolsonaro.Winners and LosersAt the end of the week, Bitcoin (BTC) is at $39,032, Ether (ETH) at $2,854 and XRP at $0.62. The total crypto market cap is at $1.77 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are ApeCoin (APE) at 60.14%, STEPN (GMT) at 20.28% and Kava (KAVA) at 13.88%.  The top three altcoin losers of the week are Zilliqa (ZIL) at -23.84%, Waves (WAVES) at -23.07% and Axie Infinity (AXS) at -23.02%.For more info on crypto prices, make sure to read Cointelegraph’s market analysis.Most Memorable Quotations“Bitcoin will never become zero because it has intrinsic value beyond its technological and monetary merits.”Lili Zhao, director of ecosystem growth for Neo“There’s a pre-pandemic world and a post-pandemic world, and a post-pandemic world has a lot more government deficits — it has a lot more uncertainty related to growth.”Anthony Scaramucci, founder and managing partner of SkyBridge Capital“I hope that even my worst critics remain on Twitter, because that is what free speech means.”Elon Musk, CEO of Tesla“We were given a big gift when China banned crypto mining and trading — it was a big mistake for them.”Greg Tanaka, Palo Alto City Council member“Our survey shows something we have advocated over a long time: talking about the survival of digital assets is firmly over — the question is now about evolution.”Julian Sawyer, CEO of Bitstamp“The problem with [Bitcoin] is you can’t have truly free trade unless you have private trade.”Edward Snowden, government surveillance whistleblowerPrediction of the Week Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dipsBitcoin’s price traded largely sideways this week while still experiencing some volatility. The asset traded both above $40,000 and below $38,000 at times during the week, based on Cointelegraph’s BTC price index.Bitcoin could be headed for negative price action, according to pseudonymous Twitter personality “Nunya Bizniz.” Bizniz pointed out a pattern on Bitcoin’s chart that has previously occurred prior to 50% price drops — the downward sloping of the asset’s 20-week and 50-week moving averages. This chart pattern has occurred twice before, each time seeing BTC’s price subsequently decline by more than 50%. FUD of the Week STEPN impersonators stealing users’ seed phrases, warn security expertsBlockchain security firm Peckshield exposed multiple phishing websites for Web3 lifestyle app STEPN. According to the company, bad actors have been able to create and attach dubious MetaMask browser plugins that can be used to steal users’ seed phrases.Bored Ape Yacht Club NFTs stolen in Instagram phishing attackThe Instagram account belonging to the Bored Ape Yacht Club NFT project was hacked on Monday. According to various unconfirmed social media reports, roughly 100 NFTs worth a combined $400,000 were stolen as part of a phishing attack and fake airdrop. Users believed the links used to carry out the attack were legit since it coincided with the one-year anniversary of BAYC’s launch.New York State Assembly passes ban on new BTC mines that don’t use green powerThe New York State Assembly passed a bill earlier this week that aims to place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities that are backed by carbon-generated power. The bill also states that current miners who rely on carbon-powered rigs won’t be able to renew their permits once they expire.Best Cointelegraph FeaturesCrypto Valley and the Crypto Oasis: Ralf Glabischnig“A few spots worldwide will attract the people who can afford it because it’s safe for their family — and those people bring the business.”The loss of privacy: Why we must fight for a decentralized futureAs early blockchain adopters, we must bring decentralization to the masses and fight with the tech behemoths that are its natural enemies.Decentralized credit scores: How can blockchain tech change ratingsBorrowing and lending are two important parts of DeFi, but they have been missing an effective operating credential: a decentralized credit rating.

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6 Questions for Lili Zhao of Neo

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Lili Zhao, director of ecosystem growth at Neo — an open-source blockchain development platform.The A to Z of Lili Zhao:Authenticity — easier said than doneBlockchain advocateCommunity — Neo has the best!DAO — fascinating!Economics — interests me much more now than when I was studying it at universityFalling — never afraid of it because I always bounce backGame — life is a game, so let’s playHot — N3 is hotIdeas — too many ideas, not enough focusJob — growing the ecosystem of the Neo blockchain by profession and passionKey — keep your private key safeLove — may everyone be blessed with itMinimalist — a chaotic minimalist wannabeNeo — an open network for the smart economyOpen source — love itPolaris — Neo hackathon, register nowQi — breath, energy and flowRaison d’etre — if you found it, tell me how?Spicy food — can’t live without it for more than a week!Twitter — @Lili_ZurichUnique — all of us areVegetarian — 90% of the time, I am oneWallet — get a NEO wallet on our websiteX — do you have a word suggestion?Yield — a stable NEO/GAS yieldZurich-based, zest for life!1  — Does it matter if we ever figure out who Satoshi really is or was? Why, or why not?It doesn’t matter at all! The technology Satoshi created and its legacy has lived on and will continue to live on. One of the main appeals of the blockchain ecosystem is its community-driven spirit instead of being about personal glorification. Imagine if someone comes out and is indeed being confirmed as Satoshi Nakamoto. If that person deviates widely in terms of values and ethics from the ones envisioned by many, that may shatter some dreams and faith!The anonymity of Satoshi has allowed people to have their own version of who they might or should be. The identity, or lack thereof, of Satoshi has been elevated into a Holy Grail that is to be pursued.We say curiosity kills the cat — and in this case, curiosity may kill Bitcoin! Let Satoshi remain as a legendary myth, and let us honor their creation, Bitcoin, by advancing it to mass adoption. 2 — Which countries are doing the most to support blockchain, and which ones will be left behind?There are quite a few countries that immediately come to people’s minds for those of us working in the blockchain space — namely, Switzerland, Singapore, El Salvador, Portugal, the United Arab Emirates — especially Dubai — and more. However, in my opinion, the country that is doing the most to support the adoption of blockchain technology is actually China. It may surprise some people, as China has been known to ban Bitcoin mining and crypto trading. Let me explain why. China’s state-backed Blockchain-based Service Network is working on an interoperable blockchain infrastructure at both the national and international levels. As an open-source blockchain platform, Neo forms part of the permissionless blockchains from the international version of the BSN. The organization plans to support multiple future central bank digital currencies — an initiative in which China is the undisputed champion.At the national level, the BSN is integrating Neo’s Jiuquan Chain for the large-scale issuance of NFTs, or distributed digital certificates — its alternative name as preferred by China. As stated by He Yifan, CEO of Red Date Technology — the BSN’s technology support provider — “NFTs in China will see annual output in the billions in the future.” The use of the term “digital certificate” indicates that the technology could be used to digitize any asset and automate any paper-based process with smart contracts. The mass adoption of blockchain technology can only come when the underlying infrastructure is built with it from the ground up. This is because it is a replacement rather than an upgrade to the existing legacy technology.China is leading this digital transformation in building blockchain infrastructure and launching large-scale mainstream use cases. This will greatly advance the whole industry globally and, in the long term, benefit everyone. 3 — Which is sillier: $500,000 Bitcoin or $0 Bitcoin? Why?Bitcoin at $500,000 is sillier because Bitcoin at $0 is impossible! Ten years ago, Bitcoin at $50,000 would have been thought of as silly. Today, it has become a norm, even though some question how sustainable it is. Bitcoin will never become zero because it has intrinsic value beyond its technological and monetary merits. In addition, it has become a domain of economics, philosophy and politics.Value has been redefined in the smart economy underpinned by blockchain technology. The factors that make things valuable according to mainstream economic theories such as labor, costs of production, utility or even scarcity can no longer explain the rise of cryptocurrencies. Take the memecoin Dogecoin, for example: It has an infinite supply and ranks 12th on CoinMarketCap at the time of writing. Or is it because it has a God-like father figure advocate in Elon Musk?Whatever the case, the point is that value has been fundamentally challenged. Anyone who envisages Bitcoin going down to zero is too attached to the traditional economic theories to recognize this paradigm shift. And silly can be the birthplace of innovation. So, be kind to silliness! (Silly emoticon here) 4 — What’s the most interesting place you’ve ever visited, and why?I would say the Canggu surf beach in Bali is the most interesting place I have visited. It tops my list not because of the exotic nature but more the feelings it evoked in me while I surfed there — a sense of total freedom and flow! I am a rather spiritual person, so a place with only physical spectacles will delight or impress me; but to move me, it will need to evoke something deep. However, despite my passion for surfing, I am actually pretty lousy at it. Haha! I do want to get better, but for me, it’s about the experience rather than being competitive. As someone who values experiences above all, this question is one that I hope I will have a different answer for every year. 5 — What talent do you lack but wish you had? How would you use it if you had it?I wish I could sing so I could use this talent to make some cool songs that will make people happy or bring some positive impact to their life. Our thoughts and emotions are often suppressed because words are inadequate to capture them. When they are properly captured by the linguistically blessed, they are poetry.However, when they are linguistically captured and also musically conveyed, they are like food and cocktails for the soul — both nourishing and tasty. A song with the right lyrics and melody can easily move me into a state of bliss, calm or melancholy.Of course, there is also the possibility of becoming a commercial hit while doing what you love. Singing is one of the few talents that affords such an opportunity.I would then tokenize all my songs on the Neo blockchain and receive and distribute royalty payments with full transparency. Here, the use case excites me more than being a commercial hit. I suppose I could already become a hit by singing now — people would pay for me to shut up! 6 — Who makes sense to you, and who makes no sense whatsoever?When I was younger, I was much more opinionated and binary, so I could have given you a long list of who made sense and who didn’t! Now, I am wiser. At least that’s my sense of it. This may make no sense whatsoever to somebody who witnesses the silly things I still say and do at my not-so-tender age.I am an existentialist. I believe that life has no inherent meaning apart from what each of us chooses to do that gives sense to it. There are three key qualities that I value and use to guide me in life: freedom (to do what I love), authenticity (to be who I am) and growth (a dynamic process evolving with new experiences).I believe that everything that happens makes sense, even if it might appear senseless at the time of it happening. Navigating through nuance is the fundamental difference that separates us from artificial intelligence, which works best in binary. A wish for the young, ambitious blockchain community:No one would be asking for the elusive killer DApp if it were already here — it would be everywhere!

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Coinbase NFT launches beta, AMC Theatres rolls out SHIB and DOGE payments, and Blockchain.com eyes IPO: Hodler’s Digest, April 17-23

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekAMC Theatres mobile app accepts Dogecoin, Shiba Inu and moreRetail traders’ favorite cinema chain, AMC Theatres, updated its mobile app to support Dogecoin and Shiba Inu payments. United States-based customers using Apple or Android phones can both download the app and spend their highly volatile memecoins on movie tickets. The firm first teased the idea back in January, after rolling out payment support for Bitcoin, Ether, Bitcoin Cash and Litecoin in November. AMC is able to accept crypto payments via a partnership with BitPay, a Bitcoin payment service provider. It should be noted that merchants using BitPay don’t receive crypto payments outright. Instead, BitPay converts crypto payments into fiat before depositing it into the merchant’s account.Crypto startup Blockchain​.com planning 2022 IPOIt was reported on Tuesday that $14 billion crypto exchange Blockchain.com is holding talks with banks regarding the launch of a potential initial public offering (IPO) this year. Bloomberg’s unnamed sources stated that the talks were highly tentative and could change at any time (especially if those unnamed sources have been instructed by Blockchain.com to leak information to get a sense of public sentiment before revealing anything concrete). If the firm manages to get through all the regulatory hurdles and go public via an IPO, it would join Coinbase as the only other U.S. crypto exchange to do so. Binance.US is also looking at a potential similar route in the future.Coinbase announces beta of NFT marketplace with social engagementSpeaking of the only U.S. crypto exchange to go public, Coinbase rolled out an early beta of its NFT marketplace for a select number of testers this week. At this stage, the early adopters of Coinbase NFT can create online profiles as well as buy and sell NFTs.In a blog post on Tuesday, Coinbase vice president of product and ecosystem Sanchan Saxena hinted that Coinbase NFT would be a hybrid platform that takes elements from social media services and marketplaces such as OpenSea.  “While it is true that buying and selling NFTs is a big part of the ecosystem today, what we have learned by talking to many customers and creators is that there is more to it than just buying and selling,” said Saxena. “There is the community aspect of it.”German banking giant Commerzbank applies for crypto licenseOne of Germany’s banking giants, Commerzbank, revealed this week that it had applied for a crypto license, making it the first traditional financial institution in the country to do so. A spokesperson told local media outlet Börsen-Zeitung that it had “applied for the crypto custody license in the first quarter of 2022.” The move would go a long way to mainstreaming crypto in the country, as the bank serves over 18 million customers and 70,000 institutional clients. Any business looking to roll out crypto services in Germany must first seek approval from the Federal Financial Supervisory Authority, also known as BaFin.Goldman Sachs reportedly eyes FTX alliance with regulatory and public listing assistanceGoldman Sachs is reportedly looking to secure an alliance with top derivatives exchange FTX, offering a strong show of faith in crypto in the banking sector. According to the Financial Times, Goldman Sachs CEO David Solomon and FTX founder Sam Bankman-Fried met behind closed doors in March to discuss how a potential partnership could work for both firms. The key areas of discussion were said to involve compliance in the U.S., with Goldman Sachs offering to help FTX navigate the murky waters of regulation, in addition to assisting with future funding rounds.Winners and LosersAt the end of the week, Bitcoin (BTC) is at $39,628, Ether (ETH) at $2,957 and XRP at $0.71. The total market cap is at $1.85 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are STEPN (GMT) at 40.66%, 0x (ZRX) at 22.40% and Decred (DCR) at 18.98%. The top three altcoin losers of the week are Helium (HNT) at -12.74%, Convex Finance (CVX) at -10.82% and Maker (MKR) at -10.81%.For more info on crypto prices, make sure to read Cointelegraph’s market analysis. Most Memorable Quotations“I see Ethereum remaining as the dominant L1 for years to come, while Bitcoin retains its status as the primary store of value on the blockchain.”Lynn Liss, co-founder and chief operating officer of Akoin “It’s early days, but we are encouraged by what we’re seeing and confident that blockchain games will continue to gain traction if they are interesting and fun to play.”Chris DeWolfe, co-founder of Myspace, CEO and co-founder of Jam City“Crypto is dead. Long live Crypto.”Andre Cronje, founder of Yearn.finance“NO! There are already digital means of payment! So what is CBDC for? […] Even more surveillance, prevention of bank runs, addiction and the consequent enslavement of mankind? This does not prevent money laundering; this already exists on a large scale for the top 10,000 in many tax havens, e.g., [the] Cayman Islands, Macau, Dubai, etc.”Anonymous“One of the guiding principles of the blockchain is that it is a public ledger that’s shared and everyone with a little bit of computing power has access to it, [including] law enforcement. So the secret service hasn’t been doing anything that wasn’t the original intent of the blockchain. We’re just using the same tracking and tracing mechanisms that were intended.”David Smith, assistant director of investigations for the United States Secret Service“NFTs represent an opportunity for game developers to create games with player-owned economies; where the community of holders are both the early supporters of the game but also the main actors of its development and true stakeholders of its success.”Sebastian Borget, co-founder of The Sandbox“It’s very improbable that all the countries would ban noncustodial wallets, or any other aspect of Bitcoin’s peer-to-peer network for that matter.”Stepan Uherik, chief financial officer for SatoshiLabs“My worldview pre-Bitcoin was pretty narrow. Life looked like school, work, retirement, death. Nowadays, I think slightly differently. The ultimate goal [now] might be better described as entrepreneurship and self-sovereignty.”Mr. ERB, blogger“The point of DeFi cannot just be to trade DeFi tokens.”Arthur Breitman, co-founder of TezosPrediction of the Week BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K highBitcoin’s price took a dive below $40,000 on April 17, according to Cointelegraph’s BTC price index. The asset then proceeded to dip down to almost $38,500 the following day, followed by a subsequent move up past $41,000 during the same session. By Thursday, the asset had made its way up to around $43,000, although downward action followed on the same day, with the asset then falling down below $40,000. Pseudonymous trader “Crypto Ed” posted a YouTube video on Monday talking about BTC price action. Looking back now, his expectations for the asset have proven pretty accurate. He expected $37,500 to serve as a bouncing point for BTC, followed by a potential run to $43,000 if the asset surpassed $40,000. He noted $43,000 as possibly just a local high, with the asset facing downward price pressure after that. The past week shows BTC moving pretty much in line with Crypto Ed’s comments.He did, however, also mention that the next two weeks (from the date of his Monday video), approximately, could ultimately see BTC arrive at the $30,000 price level. FUD of the Week Beanstalk Farms offers plea deal to perpetrators of $76M exploitAfter credit-based stablecoin protocol Beanstalk Farms was hacked for around $76 million earlier this week, the team offered a bounty of 10% if the hacker returned the funds. Bounty offerings to blackhat hackers are becoming a common method for DeFi platforms of late, as they seem to be the most viable way of getting the project’s funds back and up and running as fast as possible. Notably, the project’s founders Benjamin Weintraub, Brendan Sanderson and Michael Montoya admitted during a podcast interview on Monday that the flaws in Beanstalk’s design “ultimately led to its undoing.” MetaMask warns Apple users over iCloud phishing attacksCrypto wallet provider MetaMask warned the community of potential Apple iCloud phishing attacks that could become very costly. The security issue is related to default device settings on Apple devices that see a user’s seed phrase or “password-encrypted MetaMask vault” stored on iCloud if the user has enabled automatic backups for their MetaMask application data.MetaMask’s warning came in response to reports from an NFT collector who goes by “revive_dom” on Twitter, who stated that their entire wallet containing $650,000 worth of digital assets and NFTs was wiped via this specific security issue.FBI and CISA issue alert over North Korean cyberattacks on crypto targetsOn Monday, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) and Federal Bureau of Investigation (FBI) sent out an alert regarding North Korean state-sponsored cyber attacks. The warning was made in response to the Ronin Bridge hack last month, which is believed to have been conducted by North Korean hackers. The FBI and CISA highlighted that hackers are specifically targeting DeFi protocols and play-to-earn games in particular, with spearphishing and malware being the methods of choice.  “These actors will likely continue exploiting vulnerabilities of cryptocurrency technology firms, gaming companies, and exchanges to generate and launder funds to support the North Korean regime,” the CISA wrote.Best Cointelegraph FeaturesBasic and weird: What the Metaverse is like right nowYour travel guide to what the Metaverse is like right now — in pictures.In Georgia, crypto is a crucial tool for refugees escaping the warCrypto, like most other new tech praised upon its creation as apolitical or neutral, becomes political in the hands of the people who use it and regulate it.Brain drain: India’s crypto tax forces budding crypto projects to moveSeveral Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions.

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6 Questions for Lynn Liss of Akoin

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Lynn Liss, the chief operating officer and co-founder of Akoin, a cryptocurrency and blockchain ecosystem designed to empower entrepreneurship and fuel rising entrepreneurs in Africa.Lynn Liss serves as chief operating officer of blockchain company and cryptocurrency Akoin, co-founded with global leader Akon. She is an operations executive and social impact leader driving financial revolutions, building empowering technology and business models, and forging strategy, partnerships and teams for massive social change. Steering Akoin’s mission to empower entrepreneurship and financial inclusion across Africa, she brings more than 10 years in the social impact and startup sector to the table as well as another 10 years as a management consultant advising, executing and operating innovative business and financial models for world change with C-level executives at top global firms. Lynn was a first mover in the “blockchain for good” space, providing executive advice to blockchain companies and new cryptocurrencies and blockchains with a social impact.1 — What kind of consolidation do you expect to see in the crypto industry in 2022?Well, we’re certainly in the protocol wars right now between L1s, L2s, and every walk of life in between and around the protocol space. While the idea of interoperability allows many protocols to exist simultaneously, the space won’t require the current amount that’s being envisioned or is coming to life. That said, having these various models to both technically and financially assess and determine where and how you want to experience them, coupled with the pure “competition makes you stronger” mentality, causes the platforms to sharpen their approach and platform by the minute. It’s beyond thrilling to watch such a race! We all benefit from the plethora of strong protocol options just getting better and better, including the approach for interoperability simultaneously getting stronger from an industry perspective and how we adopt these tools into our toolset. So, consolidation, yes, but existing together and cross-chain — also yes. I’m very encouraged by the sheer number of projects being launched right now. In my opinion, we’re witnessing a “renaissance” in the blockchain space where there are no wrong answers. This will not last indefinitely, as is always the case, emerging use cases will render others obsolete, different mechanics will be well-received, while others won’t be. This will in turn lead to the next gen of blockchain applications launching with much higher fidelity from a UX perspective as well as strong corporate structures and operational procedures. This transition from “experiment” to “use case” as an overarching industry ethos is going to be fascinating to watch in the coming months and years.2 — What will happen to Bitcoin and Ethereum over the next 10 years?Speaking of “walks,” I just took one with a friend in the neighborhood who is relatively new to the blockchain and cryptocurrency space, and found myself suggesting that a “toe in the water” would be to invest in a few of the major currencies and protocols as a starting point via wallets such as Coinbase. Given Bitcoin and Ether are the most commonplace stepping stone for the masses (there are one or two others I added to that list, and Bitcoin is too volatile for my liking), these OG players obviously aren’t going anywhere, and given the size of the the communities that support them, they’ll continue to drive industry innovation along with the new L1s and L2s described above. As others rise up, we’ll see stronger competition and more interoperability with these majors. This is also where most companies first start to consider receiving cryptocurrency for basic payments, which leaves no doubt in making these currencies even stronger and not go anywhere anytime soon.What’s more interesting to me is which of the up-and-coming L1’s and L2’s related currencies will rise to the top and begin getting adopted by the lesser crypto-savvy players. My forecast is that when it comes to specific industry lanes (i.e., market sectors such as lending all the way to geographics, like what we’re doing with Akoin in Africa), many altcoins will rise up into the top 20 and become more commonplace and utilized for everyday activities. This is the place where you’ll find users who really care about a specific market or space, that want more value and utility then the current offerings provide, and are seeking solutions custom to their needs. These users will become more and more comfortable holding those assets, not from an investment perspective, but from a true utility and daily usage perspective, which is the holy grail. Doubling back to the original question, the reality is that these main protocols aren’t going anywhere, particularly as far as Bitcoin is concerned, as it represents the “gold” equivalent to a store of value on the blockchain. Ethereum, on the other hand, is far more analogous to an operating system than anything else. The benefit of Ethereum is the constant attention to upgrades and usability. While it’s currently price-prohibitive due to a host of reasons — not the least of which being exorbitant gas fees — the emergence of L2 solutions enable Ethereum to essentially cannibalize the useful mechanics it comes across while discarding the less useful. As a result, I see Ethereum remaining as the dominant L1 for years to come, with Bitcoin retaining its status as the primary store of value on the blockchain.3 — When you tell people you’re in the blockchain industry, how do they react?I’m happy to report that, generally, people are less surprised and perplexed about what the heck that means than two years ago, when the ICO craze was taking the world by storm. While still very nascent, blockchain technologies and cryptocurrencies have found their way into traditional banking, government agencies and fortune 500s, all the way to people holding a few of the major cryptocurrencies. There seems to be a higher comfort level with making basic payments in crypto, there is less perplexion and more curiosity these days. That curiosity coupled with people and major companies willing to dip their toes in the blockchain waters is where major crypto adoption will occur, and we’re thrilled to be able to figure it out together. This is what gets me most excited — to be at that tipping point between an “emerging technology paradigm” and widespread adoption into industry standard.  With that, myself and others, who have been in the space for a long time and want to see this industry grow, enthusiastically take the time to walk and talk the newbies through it.  In doing so, you sharpen the story and the pathway, and forge how everyone will find their way into this space some way or the other.  This all keeps us excited, and on our toes too!4 — List your favorite sports teams, and choose the single most memorable moment from watching them. If you aren’t a sports fan, choose a few movies and a moment!Ask my husband — I had to ask him who was playing at the Super Bowl, and we live in Los Angeles. When it comes to movies, anyone who knows me well knows that Eminem’s “Lose Yourself” from the movie 8 Mile will be playing at my funeral, (unless we exist in another interdimensional plane by then, but that’s for another question). That moment on stage and the lyrics sum it all up.5 — Where do you stand on alien intelligence and the existence of life elsewhere in the universe?I have no doubt on the “existence of life elsewhere in the universe” front, so a resounding “Yes.” For a deep dive on all things “alien intelligence” and whether we’ve been visited by such forces here on Earth, you’d have to ask my husband, Ira Liss, who is a semi-expert on the matter. I remain openly curious, as with all things.6 — Other than the present day, in what time and in which country would you like to have lived?I had to really think about this one, from the glamor and sensational music of the 1920s into the 30s coming from the jazz renaissance happening in Paris, to New York in the 40s and 50s with its eclectic literary circles and swanky gatherings. That said, I wouldn’t choose to exist anywhere else but my present place and time. One of my favorite sayings is: “Yesterday is history. Tomorrow is a mystery, but today is a gift! That is why it is called the present.” Many wonderful people have been credited with creating this quote, from Eleanor Roosevelt to Bil Keane and more. This resonates for me on a daily basis, as making the most of each day and the magical energy that surrounds you is truly a gift.A wish for the young, ambitious blockchain community?Continued curiosity, experimentation and innovation. 

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Epic Games raises $2B for Metaverse, Mastercard scales NFT plans and Ripple scores big win against SEC: Hodler’s Digest, April 10-16

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekMastercard files 15 metaverse and NFT related trademarksMultinational payments giant Mastercard filed 15 applications for NFT and metaverse trademarks, joining the ranks of competitors Visa and American Express who have taken similar action recently as well. Notable applications include those for an online marketplace for digital goods, virtual reality events and communities, and Mastercard payment processing in the Metaverse. Furthermore, the firm is aiming to virtually trademark its “Priceless” slogan via tokenized text, audio and video. Another filing outlines an intention to get Mastercard’s branding and name on sponsorship deals for metaverse-based sporting events, concerts and festivals.Fortnite creators Epic Games raise $2B from Sony and LEGO to fund metaverse plansEpic Games, the creators of the wildly popular Fortnite game, raised $2 billion in funding at a valuation of $31.5 billion. The round was led by Sony and The Lego Group’s holding company, Kirkbi. The funds will go towards scaling Epic Games’ Metaverse plans, with chief executive officer and founder Tim Sweeney stating that the capital will help create “spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.”While there may not be a crypto or NFT link there specifically, Epic Games is also the developer of Unreal Engine, one of the most prominent game engines. The latest iteration, Unreal Engine 5, is able to facilitate the creation of NFT-based play-to-earn (P2E) games, offering a strong signal that the firm is eyeing the sector.Ripple claims ‘a very big win’ in SEC caseRipple Labs scored a “very big win” in its long-running dispute with U.S. Securities and Exchange Commission (SEC) this week, according to Ripple community lawyer James K. Filan. While both parties have traded many blows during the legal battle, Ripple appears to be growing confident that its arguments against XRP being a security will hold up in court. Presiding Judge Sarah Netburn denied the SEC’s request to reconsider shielding important documents under privilege relating to a June 2018 speech made by the SEC’s former Director of the Division of Corporate Finance William Hinman, who stated that Bitcoin and Ether were not securities.  “The SEC seeks to have it both ways, but the Speech was either intended to reflect agency policy or it was not. Having insisted that it reflected Hinman’s personal views, the SEC cannot now reject its own position,” said Judge Netburn.Brazilian Senate announces incoming approval of the ‘Bitcoin law’The Federal Senate of Brazil has announced the drafting of a bill that will enable the regulation of the local cryptocurrency market. The long-debated issue is set to come to an end soon, with the bill due to be sent off for a full senate vote soon. Two legislators, Senator Irajá Abreu and Federal Deputy Áureo Ribeiro, both rapporteurs of the aforementioned proposals in their respective legislative chambers, are drafting the bill. “By joining the projects together, we accelerated the approval of this cryptocurrency milestone,” said Senator Abreu. “There is a market demand for a safer business environment and the need for criminal classification to avoid fraud, in addition to adjusting Brazil to international agreements.”Coinbase suspends crypto payment services days after India launchCoinbase reportedly suspended crypto payment services via its Unified Payments Interface (UPI) for Indian users earlier this week. It wasn’t an ideal move for the cryptocurrency exchange, given that it had just launched its services in the nation, but it was said that local regulators were the main reason behind the decision. The exact reason for the suspension is unclear, though UPI is a payment portal governed by the National Payments Corporation of India (NPCI). On Thursday, the NPCI released a statement saying that it did not recognize the legal standing of any crypto exchanges using UPI. According to local crypto influencer Aditya Singh, Indian exchanges have been facing similar payment service problems since at least 2018.According to reports from Indian financial publication Business Standard, Coinbase stated that it is “committed to working with NPCI and other relevant authorities to ensure that we are aligned with local expectations and industry norms.”Also this week, Cointelegraph launched its French edition!Winners and LosersAt the end of the week, Bitcoin (BTC) is at $40,453, Ether (ETH) at $3,032 and XRP at $0.77. The total market cap is at $1.88 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Kyber Network Crystal v2 (KNC) at 13.50%, ApeCoin (APE) at 9.36% and Monero (XMR) at 5.02%. The top three altcoin losers of the week are Mina (MINA) at -32.12%, Anchor Protocol (ANC) at -27.81% and Waves (WAVES) at -25.13%.For more info on crypto prices, make sure to read Cointelegraph’s market analysis. Most Memorable Quotations“Stablecoins are the perfect Trojan horse for Bitcoin.”Paolo Ardoino, chief technology officer for Bitfinex and Tether“This isn’t inflation. This is [the U.S. dollar seeing] currency devaluation.”Mark Yusko, CEO and founder of Morgan Creek Capital Management“It won’t be June, but likely in the few months after. No firm date yet [for the Ethereum mainnet/Beacon Chain merge], but we’re definitely in the final chapter of PoW on Ethereum.”Tim Beiko, Ethereum developer“While the idea of using such a functionality as a means to achieve a negative interest rate is sometimes discussed in academia, the Bank will not introduce CBDC on this ground.”Shinichi Uchida, executive director of the Bank of Japan“If I pay with 100 euros in cash in a supermarket, I don’t have to show my ID card or identify myself. I simply pay with cash, and that’s it. And why should that be different in the crypto sector? I don’t understand that. We in Germany love cash, and we still accept an EU-wide cash payment cap of 10,000 euros. Why don’t we make the same rules of the game for crypto if we already have these rules of the game? Normal world, crypto world. Yes, we need regulations, but you still have to leave room to breathe.”Stefan Berger, member of the European Parliament“Twitter has extraordinary potential. I will unlock it.”Elon Musk, CEO of Tesla“The bulk of the Bitcoin ‘mooning’ happened behind the curtains, in the good old days when governments and tax agencies were none the wiser.”Michelle Legge, head of crypto tax education at Koinly“No matter what background or money you have access to, you can have access to DeFi.”Yubo Ruan, founder and CEO of Parallel FinancePrediction of the Week Bitcoin keeps falling as former BitMEX CEO gives $30K BTC price target for JuneThis week, Bitcoin’s price traded downward and somewhat sideways for the most part, breaching below the $40,000 mark on multiple occasions, according to Cointelegraph’s BTC price index. BTC traded above $43,000 and below $39,500 inside the week.Arthur Hayes, BitMEX’s former CEO, expects lower prices for Bitcoin in the weeks ahead. His reasoning: central banks have recently made it their mission to combat inflation — or at least make it seem like they’re fighting inflation. Whether they’re serious or not in combating inflation, they still need to raise interest rates and reduce the magnitude of their quantitative easing programs. These actions will have a negative impact on the “debt-based global economy” of which crypto and Bitcoin are a part, according to Hayes. “By the end of the second quarter in June of this year, I believe Bitcoin and Ether will have tested these levels: Bitcoin: $30,000; Ether: $2,500,” Hayes wrote in the blog post.FUD of the Week Facebook whistleblower warns Metaverse will repeat ‘all the harms’Facebook whistleblower Frances Haugen has slammed Meta in a new interview, warning that the firm could once again repeat the data- and power-hungry tactics that made the social media platform so successful. Haugen highlighted that the Metaverse will give Meta even more opportunity to spy on its users than before and that the world will simply have to trust that the company does the “right thing” with all of its users’ data. “They’ve made very grandiose promises about how there’s safety-by-design in the Metaverse,” she said. “But if they don’t commit to transparency and access and other accountability measures, I can imagine just seeing a repeat of all the harms you currently see on Facebook.” Wikimedia community supports proposal to stop foundation from accepting crypto donationsThe Wikimedia Foundation community has voted in favor of a proposal to stop accepting crypto donations, citing the reputational risk of accepting digital assets along with the environmental impacts of Bitcoin’s mining practices. Wikimedia is the non-profit organization that hosts the popular Wikipedia website. The anti-crypto vote was in the strong majority, with around 71% of the 326 votes from Wikimedia contributors requesting that the Wikimedia Foundation stop accepting crypto donations. “Bitcoin and Ethereum are the two most highly-used cryptocurrencies, and are both proof-of-work, using an enormous amount of energy. […] The current models continue to be extremely damaging to the environment. While there are eco-friendlier cryptocurrencies, they are less widely used,” the proposal read.Texas regulators order virtual casino to stop selling NFTsTexas and Alabama state securities regulators have filed a cease and desist order against the Cyprus-registered virtual Sand Vegas Casino Club in order to “stop a fraudulent investment scheme tied to metaverses.”The firm has been accused of illegally offering NFT sales to fund the development of virtual casinos in metaverses, with a collection of 11,111 NFTs, in particular, offering the hodlers a supposed share of future profits from the casinos. “The Respondents are also devising a scheme to obstruct any attempt to regulate the Gambler NFTs and Golden Gambler NFTs. […] They are misleading purchasers by claiming they can simply avoid securities regulation by implementing illusory features or using different terminology,” according to a Texas State Securities Board news release describing the order.Best Cointelegraph FeaturesThe FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand“I regularly roll grenades into the room, and someone needs to really jump on it.”Satoshi may have needed an alias, but can we say the same?“If you are running a multi-million-dollar protocol, it’s not wise to remain anonymous. You need to be visible to ensure that you won’t suddenly rug-pull and get away with it.”The aftermath of Axie Infinity’s $650M Ronin Bridge hackSince the hack of Axie Infinity’s Ronin bridge, developers behind the game have raised $150 million to reimburse the affected users.

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