Wow, what happened to Satoshi? We are in the thirty-eighth article of our series. The cryptocurrency market, which left behind a hectic October, maintained its balance after this week’s Fed statement.
This week’s article will briefly talk about Square’s report, Microsoft’s metaverse plan, a crypto investor who lost his money, CME Group’s ether decision, Australia’s giant bank, Grayscale and China.
Overview of Square’s third quarter activities
Square, the company of Twitter CEO Jack Dorsey, financial statement announced this week.
Total for the quarter $3.84 billion gross profit of the company reporting revenueBee $1.13 billion it happened.
made in the mobile payment application called Cash App. bitcoin (BTC) transactionsto Square’s financial statement $1.82 billion revenue added. If the gross profit of the company from these transactions is profit 42 million dollars it happened.
Square explained this quarter-on-quarter decline. “relative stability in bitcoin price” and that “influence on trading activity” tied up.
In the first quarter of the year, the company recorded transactions on Cash App. 3.51 billion dollars; in the second quarter $2.72 billion had income.
Square in October 2020 50 million dollarson February 2021 $170 million He bought bitcoin. According to the statement, the value of these investments as of 30 September $352 million was level.
Microsoft is also stepping into the metaverse ecosystem
Shortly after Facebook changed its name to Meta and announced its metaverse strategy, Microsoft also announced its metaverse plans.
According to Microsoft’s statement this week, Microsoft Teams users can experience the metaverse experience. via 3D avatars they will live. You will not need VR glasses to see these avatars that can be used in Microsoft Teams conversations.
The platform, where artificial intelligence technology will also be used, will give its users the opportunity to interact with their avatars. Three-dimensional avatars of the person speaking perceiving your voice able to act, when speaking people want to speak they will be able to raise their hands over their avatars.
Microsoft Teams users can use VR glasses on top of the 2D experience through their avatars. in a virtual world, in 3D they can come together.
The project, which is currently in the testing phase, As of the first half of 2022 expected to be ready for use.
Coinbase user lost over 200 bitcoins
According to a statement made by federal officials in the USA, a customer of the cryptocurrency exchange Coinbase lost more than 200 bitcoins to fraudsters.
Business Insider’s According to the news report, the incident is about about a file sent to the Huobi Global wallet of the federal prosecutor in Los Angeles. $600,000 worth of bitcoin came to light after he approved the return request.
An investor from Coinbase in April 2021 200 bitcoins purchased and after performing the transaction Saying your account is locked encountered a notification. Investor GR hopes to connect to Coinbase’s customer service called a number in the notification.
The scammer on the other end of the phone asked GR to make some changes to his account settings. granted access and before daily transaction limit increase and then some notification settings changed.
The fraudster, whose identity has not been identified, was debited from GR’s account on April 20, 2021 between 12:02:40 and 12:12:41 Turkish time. 11 million 570 thousand 138 dollars bitcoin and XLM took.
Federal officials found that 10.2 of the 206 bitcoins removed from the account were sent to Huobi Global’s wallet. Thom Mrozek, who is in charge of the press relations of the prosecutor’s office in Los Angeles, said that Huobi Global will pay this money until the case is concluded. you have blocked He said the investigation is continuing.
After Bitcoin comes the ‘micro’ of ether contracts
Chicago-based futures exchange CME will launch its product range as of December 6, if necessary permits are obtained. microscale It plans to add ether futures contracts as well.
Micro-size contracts are different from regular-size contracts. not one full ether, but one tenth of a whole ether the future.
ether contracts currently traded at CME Group each to 50 ETH it corresponds. For the ether contracts, which started to be traded on the stock market in February, a total of More than 675,500 contracts (corresponding to about 33.8 million ETH) volume generated.
Besides normal contracts micro- CME Group, which also has products, follows a similar path for bitcoin. from regular sized bitcoin contracts later micro bitcoin futures contracts was also processed.
Micro contracts to be opened with cash settlement, they will be smaller for Ethereum investors investing more cost-effectively, efficiently and effectively is expected to offer.
Cryptocurrency move from Australia’s banking giant
Australia’s largest bank, Commonwealth Bank, is starting to offer services for cryptocurrencies to customers using the bank’s mobile app.
Commonwealth Bank is one of the largest banks in Australia, according to a statement Wednesday. Buying and keeping bitcoins and other cryptocurrencies He will be the first to give the opportunity.
Including bitcoin, ether, bitcoin cash, litecoin in the bank’s app used by 6.5 million people 10 different cryptocurrencies can be used.
Working with Gemini to enable cryptocurrency integration, Commonwealth Bank is following the pilot it plans to launch in the coming weeks. to provide full-scale service by next year. aims.
Commonwealth, Australia’s largest bank illegal use of cryptocurrencies blockchain analysis firm to prevent Also works with Chainalysis it will be.
Matt Comyn, CEO of the bank, said that the platform people use when trading cryptocurrencies “trustworthy” they want it to happen, and the decision for cryptos is coming from customers and increasingly growing this request received to meet told.
Grayscale’s parent company reaches a valuation of $10 billion
Digital Currency Group achieved a valuation of $10 billion as a result of its deal with SoftBank and Google’s venture capital arm.
According to the announcement on Monday, it was given to a group of investors, including SoftBank, Google’s fund CapitalG, Ribbit Capital, GIC Capital. 700 million dollars shares are sold.
According to information shared by Digital Currency Group, this transaction part of their former shareholders, by selling it to new investors. None of the shareholders all of its shares did not sell.
Founded in 2015, Digital Currency Group includes names such as the world’s largest digital asset manager Grayscale Investments and media company CoinDesk. Led by Barry Silbert, the company has invested in more than 200 companies so far.
CapitalG, a subsidiary of Alphabet Inc., has entered the crypto money world with this investment. your first step it has been thrown.
NFTs that reflect national values will be supported in China
Technology giants such as China’s Ant Group, Tencent, JD.com have signed a contract among themselves regarding the future of the non-fungible token (NFT) ecosystem.
In total, 11 organizations signed The Agreement on Self-Regulation in the Digital Culture and Creative Industries aims to “create opportunities for the real sector, promote national culture, comply with the law, promote (produced) values, protect consumer rights, ensure cybersecurity, eliminate virtual currencies, prevent speculation and financial risks, and prevent black money. prevention of laundering” aims.
In addition to China’s technology giants, the contract is signed by organizations such as CCTV Animation Group, Chinese Academy of Fine Arts, Hunan Museum, which is affiliated with the state television CCTV.
The group, which includes 11 names, will work to support the content in non-fungible token format that reflects national values and to grow this ecosystem.
Meanwhile, with their own standards will undergo self-regulation organizations contribute to the development of the NFT ecosystem. prevent speculative activities aims.
