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Despite heavy regulations and expected censorship, China’s top tech companies plan to embark on the metaverse as well, a...
02/15/2022

Despite heavy regulations and expected censorship, China’s top tech companies plan to embark on the metaverse as well, a potential market of about $8 trillion, according to Morgan Stanley (NYSE:MS).

Chinese tech giants are following in the footsteps of US global competitors such as Meta – Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT), which have acquired the gaming company, Activision, for this purpose.

However, Chinese tech companies are beginning their foray into the virtual universe cautiously. It is expected that in the future the government will also control the contents of the metaverse and apply a very strict regulatory regime.

Since last year, Beijing has been enduring controls on the activity of its technology companies. The Xi Jinping government has clipped the wings of private companies and has prioritized the development of its state-owned technology companies.

If you were one of the estimated 117 million viewers of Sunday’s Super Bowl 56 showdown between American football teams,...
02/15/2022

If you were one of the estimated 117 million viewers of Sunday’s Super Bowl 56 showdown between American football teams, the Los Angeles Rams and Cincinnati Bengals, you probably saw one of the handful of cryptocurrency advertisements for eToro, FTX, crypto.com, and Coinbase (NASDAQ:COIN).

While it was good to see so many crypto companies leveraging such a massive media moment, the 60-second Coinbase ad was different from the others. It featured a QR code that changes colors while bouncing around a blank screen, reminiscent of an oversized game of “Pong” from the 1970’s. While that was happening visually, there was a heavy-synth, techno music track playing in the background that would have been perfectly suited for a 1980’s new wave dance club. In case you missed it, the screen grab below is the opening image of the advertisement, which can be seen in its entirety by clicking HERE.

Once fans figured out it was a QR code and snapped an image via their mobile devices, they were taken to a landing page with the message, “Coinbase. Less talk, more Bitcoin. Get $15 in free Bitcoin for signing up. Plus a chance to win $3 million in prizes. WAGM! [We’re All Gonna Make It]” – with a link to sign-up for the $15 free Bitcoin and a separate link to enter the $3 million sweepstakes.

Bitcoin Bitcoin  44,277.5+1759.4  (+4.14%)09:51:27 - Real-time Data44,276.712:0014:0016:0044,000.044,500.043,750.044,250...
02/15/2022

Bitcoin Bitcoin
44,277.5+1759.4 (+4.14%)
09:51:27 - Real-time Data
44,276.7
12:00
14:00
16:00
44,000.0
44,500.0
43,750.0
44,250.0
Technical Summary

5 Min:Neutral
Hourly:Strong Buy
Daily:Strong Buy
Monthly:Strong Buy
What is your sentiment on Bitcoin?
or
(BTC) starts the week with a slow drag downhill toward pivotal support at $40,000.

After bulls had something to celebrate last week, the current environment looks like a fresh dose of reality as BTC battles nervous stock markets, a resurgent United States dollar and more.

BTC/USD 1-day candle chart (Bitstamp) with 50-day MA. Source: TradingView
U.S. dollar currency index (DXY) 1-day candle chart. Source: TradingView
Bitcoin futures open interest leverage ratio vs. BTC/USD annotated chart. Source: Checkmate/Twitter
Bitcoin difficulty chart. Source: Blockchain.com

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