1. Mark Zuckerberg Has High Expectations For Meta’s Metaverse
The CEO of Meta, formerly known as Facebook, Mark Zuckerberg, has discussed how the metaverse will play a significant role in his company and generate hundreds of billions of dollars in income. According to Zuckerberg, “Our playbook throughout over has been building services, try to serve as many people as possible – you know, get our services to a billion, two billion, three billion people, and then we basically scale the monetization after that.”
Considering that people may actually make eye contact when they meet in the metaverse, Zuckerberg expected experiences there to be more engaging than those in text, images, or videos, “basically adds up to making it deliver this realistic sense of presence,” added the co-founder of Facebook.
2. Harmony Offers $1M Bounty For $100M Hacker’s Identity
Hackers stole $100 million worth of Tether (USDT), Wrapped Ethereum (WETH), AAVE, SUSHI, DAI, and USD Coin (USDC) on Thursday before exchanging them for Ethereum. According to a tweet, the Harmony team has subsequently discovered the hacker’s address and is collaborating with “national authorities and forensic specialists” to recover the monies that were taken.
Following the hack, Harmony also ceased all Horizon bridge operations. As of this writing, the price of its native ONE token was $0.02445, which is 8.5% less than it was on Friday before the hack was detected.”We commit to a $1M bounty for the return of Horizon bridge funds and sharing exploit information. Harmony will advocate for no criminal charges when funds are returned,” shared Harmony in a recent post.
3. Iran To Introduce Crypto Rial’s Pilot Version Within 2 Months
The launch of Iran’s new digital currency, known as the crypto rial, is being prepared for by the Tehran government. Within the next two months, the Islamic Republic’s monetary administration plans to start the project’s experimental phase.
The Central Bank of Iran (CBI) Governor, Ali Salehabadi, informed reporters on Friday that the Iranian government is making the required preparations to introduce a pilot program for the crypto rial as of the Persian calendar month of Shahrivar, which begins on August 23.
The top executive stressed that Iran’s digital money will be distinct from the decentralized global cryptocurrencies in a report by the English-language Iran Front Page news portal. He pointed out that it is only intended to “replace the banknotes that the people currently possess.”
4. Anonymous Promises To Expose Do Kwon’s Wrongdoings
On Sunday, a video purportedly from the hacker collective Anonymous rehashed a long list of Kwon’s alleged wrongdoings, including cashing out $80 million per month from Luna and TerraUSD prior to its collapse and his part in the demise of the stable coin Basis Cash, which Do Kwon is alleged to have co-created in late 2020 under the alias “Rick Sanchez” and which he has been implicated in.
“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible,” said the hacker group.
5. ApeCoin Saw A 22% Rise after Bored Ape-Themed Video
Data from CoinGecko shows that ApeCoin, the well-known NFT collection’s native Ethereum currency, increased by almost 22% over night. The coin’s value was $4.92 as of the time of writing, significantly less than its $5.26 morning high. ApeCoin has increased by almost 35% during the past week.
In a live performance on Friday at ApeFest, an annual event for BAYC and Mutant Ape Yacht Club (MAYC) members, Eminem and Snoop Dogg released their brand-new song, “From the D 2 The LBC.” Other musical performers who performed at the exclusive event this past week in New York with NFT NYC included LCD Soundsystem, Haim, Lil Wayne, Lil Baby, and Future.
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