Professional services firm Accenture has created a working group to delve deeper into the potential and development of the Metaverse. This and more news is in this handy daily roundup so you're always up to date with the latest developments happening within the crypto world.
Cryptocurrencies and altcoins
📍Ethereum's value surpasses $3.000 amid The Merge hype. Ethereum (ETH), The second cryptocurrency The most capitalized cryptocurrency in the industry, has surpassed $3.000 per unit. In the last week, ETH has grown by 16% and 5,2% in the last 24 hours. Industry analysts, such as Samuel Haig, writer for The Defiant, they point out that interest in Ethereum has picked up again following the successful merger of Ethereum and Ethereum 2.0 on the Kiln testnet, launched last week.
Source: CoinGecko
Other cryptocurrencies, such as Bitcoin (BTC), polygon (MATIC), polkadot (DOT) y Near (NEAR) have had a more moderate performance, rising 7% on average weekly. Bitcoin saw a drop in value last weekend, losing more than $2.000 per BTC. However, at the time of writing, the cryptocurrency is trading at around $XNUMX. $42.000 per unit.
Metaverse and Play to Earn Games
📍Accenture, a multinational strategic consulting and technology and professional services company, is preparing to redesign human experiences in the Metaverse. Accenture has created a group to explore the development and innovation of the Metaverse. Paul Daugherty, Accenture's chief technology officer, said in a statement publication on LinkedIn that the Metaverse is the next big evolution of the Internet, so it's time to rethink everything we think we know about this technology, “Think big, start small and scale fast”The multinational announced the creation of a new working group, called Accenture Metaverse Continuum Business Group, which will be responsible for expanding the company's vision of the Metaverse, in addition to exploring the opportunities, use cases, technologies and new experiences that are rapidly emerging within this sector.
Accenture is bringing together 800 professionals skilled in Metaverse-related technology to form its new workgroup, Daugherty said. The company, one of Microsoft’s largest partners, has used Microsoft Teams’ Mesh augmented reality platform to develop a virtual campus where it has held team meetings, presentations and more.
NFT and DeFi Markets
📍TIME to launch digital NFT edition with Vitalik Buterin and announce payments in ApeCoin. TIME Magazine will launch its first NFT digital edition tomorrow portraying Vitalik Buterin, co-founder and developer of Ethereum, on its cover. This was announced in the publication on its Twitter account, while reported which will begin accepting payments using the ApeCoin (APE) token from the Bored Ape NFT community in the coming weeks.
Miners
📍Bitcoin mining company Bitfarms is moving entirely to Canada. Bitfarms is building its new facility, called “Garlock,” in Canada, which will serve as a replacement for the facility it maintains in La Pointe, Wisconsin (United States) for its gradual elimination. This was reported by Colin Wu in his latest weekly report about crypto mining.
From its new facility, Bitfarms will operate 18 megawatts (MW) of power to sustain its Bitcoin mining operations. The company said its new facility will be located in a remote area and will be equipped with the latest in monitoring and noise reduction technology. In total, Bitfarms is investing around $1,76 million in the construction of this facility.
Cybersecurity
📍Li Finance Protocol Loses $600.000 in Latest DeFi Hack Li Finance, a decentralized token exchange protocol, was recently exploited, losing nearly $600.000. According to reports, a vulnerability present in its smart contract code allowed the hacker to exploit the protocol, affecting the wallets of 29 of its users. The developers reported that the wallets affected during the exploit have already been refunded. They also note that the vulnerability has been patched and the protocol is operational again.
Rules and Regulations
📍US Department of Labor warns against cryptocurrencies in retirement plans. In the face of the rise of cryptocurrencies, some companies have begun to market investments in crypto assets as possible investment options within 401(k) retirement plans, the U.S. Department of Labor reported. However, the DOL expressed concerns about the volatility of cryptocurrencies, which can lead to significant risks for workers and their families.
Continue reading: Terra and Cardano hit new all-time highs in DeFi this year
