The World Economic Forum (WEF) has published an article predicting how metaverse tech will evolve and how it will be introduced in different sectors. The WEF believes that the implementation of the metaverse will be first applied in industrial environments, instead of being adopted first by consumers. News Sorce
The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors. Liquid assets include XRP, DOGE, Aptos (APT), Polygon (MATIC), TON, and BitDAO (BIT). The company also holds almost 10 billion OXY tokens for the DeFi broker Oxygen. Founder Sam Bankman-Fried claims FTX US was solvent when it was sold to Sullivan & Cromwell. News Sorce
Binance will allow investors to post collateral with Binance Custody, which will hold the assets off the internet. Using cold storage wallets, users can trade crypto during volatile sessions without massive outflows on an exchange. The feature could be a major blessing for crypto investors trading in the leveraged markets. Binance has hired an external custodian to help it keep users’ assets safe. The move follows the collapse of rival FTX in November, which raised questions about its ability to keep customers’ funds safe. It is seen as a step towards becoming an institutional-focused exchange. News Sorce
© 2024, Coinlocally. All Rights Reserved.
