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Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform, using real employees as clerks in the virtual world. Tokio Marine to Offer Insurance in Metaverse While gaming, social, and tech companies have been the first in embracing the metaverse as a concept, other companies are now also entering available metaverse platforms. Tokio Marine, the biggest property and casualty insurance group in Japan, has announced that it will start offering insurance services in the metaverse. The company will offer insurance and other kinds of policies in the digital world in January, employing real clerks that will be represented as avatars. Interested users will be able to interact with the clerks and inquire about the details of each one of the products offered, as well as se...

The amount of uncertainty with respect to Solana has been escalating. Of late, there have been several claims doing the rounds that most of the development activity on Solana is essentially faked via artificial identities. Consider this: Saber [a stablecoin exchange built on top of Solana] and Sunny [a DeFi app] reportedly made up an estimated $7.5 billion of Solana’s $10.5 billion TVL at their peak. However, both projects disappeared into thin air eventually. In fact, the state of development activity metric has been on a downtrend for a while now making more room for fear, uncertainty, and doubt. Outlining whether or not the fake development activity assertions hold any water, one of Santiment’s recent reports noted, “Looks like they’re spot on. Certainly not a good sign for the once thriving asset in 2021.” Source: Santiment However, Ethereum founder Vitalik Buterin feels that there’s a silver lining. Now that the “awful and op...

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum price fights resistance from the moving averages, more than six weeks after the FTX collapse ended a strong pull toward $18,000. Ethereum’s recovery from $11,26 on November 29 preceded better-than-expected U.S. Consumer Price Index (CPI) data. However, just like the wider crypto market, the now proof-of-stake (PoS) cryptocurrency has been shaky throughout 2022. This was exacerbated by the move by investors to take profits after the Fed announced that it was increasing rates by 50 basis points. The central bank warned that controlling the runaway inflation was still on top of its agenda going into the new year. As such, market participants are waiting to see how the market will respond to the Fed’s hawkish stance in 2023. Crypto analysts expect the largest altcoin by market capitalization to drop a little more and possibly oscillate drop to $700 or even $250. A return to $2,000 and possib...

SOL's woes could worsen. Source: TradingView SOL, the native token of the Solana blockchain, slumped under $10 for the first time since February 2021 on Wednesday, dropping 10% intra-day and extending its losses since the abrupt collapse of Sam Bankman Fried’s seemingly corrupt FTX/Alameda crypto empire in early November to roughly 70%. Price predictions thus remain highly pessimistic.  SOL is dumping. Source: TradingView Why is SOL dumping? The collapse comes amid a continued stream of negative stories surrounding the Solana crypto ecosystem, as well as the ongoing FTX saga. Two of Solana’s top non-fungible token (NFT) projects, DeGods and y00ts, recently announced that they are jumping ship to build on the Ethereum and Polygon block chain s. Meanwhile, block chain watchers pointed out on Wednesday that Alameda wallets have become active once again, just a few days after Sam Bankman-Fried was released from jail on bail. ERC-20 tokens are being dump...

Sam Bankman-Fried. Source: a video screenshot, New York Times / YouTube Michael Lewis, author of the bestseller book The Big Short, has met with Sam Bankman-Fried, the disgraced founder and former CEO of the collapsed crypto exchange FTX, at the California home where he is holed up awaiting trial.  The unexpected visit, which reportedly took "several hours," has convinced many that the famed author might be seeking to create a book based on the saga of Sam Bankman-Fried and the collapse of his cryptocurrency firm FTX, The New York Post reported on Tuesday. Lewis is the author of best-selling books like "The Big Short," a best-selling book about how the housing bubble led to the financial crisis of the late 2000s, and "Moneyball," which detailed how Oakland A's general manager Billy Beane used analytics to assemble a roster. FTX, once the third-largest crypto exchange in the world, filed for bankruptcy on November 11. Subsequently, i...

Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling. Litecoin (LTC) Litecoin (LTC) was one of the notable gainers on Monday, as the token raced to a ten-day high. LTC/USD rose to a high of $70.83 to start the week, which comes less than a day after hitting a low of $65.54. Today’s surge has taken litecoin to its highest point since December 16, and closer to a key resistance level of $72.00. LTC/USD – Daily Chart As can be seen from the chart, Monday’s move comes as the 14-day relative strength index (RSI) rose above its own ceiling at 45.00. The index is currently tracking at 51.79, with the next visible point of support at the 54.00 level. Should the RSI reach this point, it is highly likely that prices will also collide with a ceiling of $7...

After a challenging year, should investors still consider investing in crypto in 2023? 2022 was brutal for cryptocurrency and nonfungible token (NFT) investors. Bitcoin (BTC) hit its yearly low on Nov. 21, almost exactly a year after it reached its all-time high price of $69,044. After such a tumultuous year, how should crypto investors plan for 2023? Firstly, this space has critical risks worth considering before investing. Macroeconomic risks Investors must recognize the macro and systemic risks impacting the crypto industry as 2023 draws near. The war in Ukraine has led to an energy crisis caused by sanctions on Russian energy. The United States Federal Reserve’s monetary policy response to inflation continues to unsettle markets. The crypto contagion from recent bankruptcies continues injecting volatility into the market, with increasing regulatory pressure and miner capitulation likely to continue into the new year. Ukraine war, inflation and rising interest rates The economic f...

Bitcoin rose closer to the $17,000 level on Saturday, despite crypto markets mostly consolidating to start the week. The global cryptocurrency market cap is down 0.32% as of writing. Ethereum was also higher earlier in the day, with prices nearing the $1,230 level. Bitcoin Bitcoin (BTC) remained under the $17,000 level to start the weekend, as prices continued to consolidate despite earlier gains. BTC/USD hit a high of $16,905.22 earlier in today’s session, which comes a day after price was at a bottom, at the $16,793.53 mark. The move saw the world’s largest cryptocurrency continue to trade above a key point of support at $16,800. BTC/USD – Daily Chart As can be seen from the chart, earlier gains have somewhat eased, as the 14-day relative strength index (RSI) failed to break above a ceiling at 48.00. The index is currently trading at 46.72, with bulls still attempting to push past the aforementioned point of resistance. On the other hand, should price stre...

Robodex joins Chainlink BUILD Program to propel Web3 adoption with Automated DEX Liquidity Management. As a part of BUILD, RoboDEX aims to accelerate ecosystem growth and long-term adoption of its next-generation decentralized exchange (DEX) with built-in, automated liquidity management services for liquidity providers (LPs). This is achieved by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, enabling us to unlock considerable value-add functionality. In exchange, they will make a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers. Robodex: Empowering DEX Liquidity Providers With Automated Liquidity Management Robodex’s mission is to evolve the fundamental mechanics and mathematics of automated market-making so that DEX liquidity providers are not guaranteed to suffer impermanent losses. Robodex enables the potential for significant alpha on LPs’ staked value, irrespect...