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April 13, 2022

Crypto firm Tether to further reduce holdings of commercial debt in stablecoin reserves

Crypto firm Tether to further reduce holdings of commercial debt in stablecoin reserves

KEY POINTS Tether plans to reduce its holdings of commercial debt in its reserves, Chief Technology Officer Paolo Ardoino told CNBC. Tether holds short-term corporate debt but does not disclose from which companies, which has raised transparency concerns. But Ardoino said Tether, the issuer of the USDT stablecoin, will cut its holdings of commercial paper

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ApeCoin eyes 250% rally amid ‘bull pennant’ breakout, Robinhood APE listing rumors

ApeCoin eyes 250% rally amid ‘bull pennant’ breakout, Robinhood APE listing rumors

The APE price upside setup appears amid rumors that Robinhood might list ApeCoin. ApeCoin’s (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern. APE price “bull pennant” breakout underway On April 13, APE’s price broke above the upper trendline of what appears

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Meta Opens Monetization Options to Users of Horizon Worlds

Meta Opens Monetization Options to Users of Horizon Worlds

Meta, the company formerly known as Facebook, is now launching a pilot project that will let users in Horizon Worlds, its VR metaverse platform, monetize their creations. This pilot will allow a number of users to collect payments for access to their created environments, or for virtual items sold in these worlds. Meta will also

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MetaMask’s Institutional Arm Makes Push for DAOs With New Custody Deals

MetaMask’s Institutional Arm Makes Push for DAOs With New Custody Deals

The ConsenSys-owned wallet provider says it want to bring “all organizations on planet earth into Web 3.” PARIS – MetaMask Institutional, a version of the leading decentralized finance (DeFi) wallet, has integrated new custodians to its platform in a bid to reach further into the world of decentralized autonomous organizations (DAOs). MetaMask Institutional announced on Wednesday that it

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Hong Kong-Based LOST Launches World’s 1st Escape Room in Metaverse

Hong Kong-Based LOST Launches World’s 1st Escape Room in Metaverse

Hong Kong-based LOST has launched the world’s first escape room in the metaverse. The real-life escape room game company said that players in the “LOST in Metaverse” could earn awards and attain knowledge all at once while playing the game. LOST said that the launch date has been set for May 15, 2022. “Inspired by fictional events,

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