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Messages - Galaxy

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The Sandbox continues its rally, with SAND rising 244% this week on metaverse hype and news of a fresh $93 million funding round.
Hype around the impending metaverse may be at an all-time high following Facebook’s growing push into the space—including rebranding its parent company as “Meta”—and rising value for metaverse-related crypto tokens. Now, one of the most anticipated metaverse games has pulled in a sizable chunk of funding ahead of its launch. Source


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Coinbase / Coinbase Acquires Machine Learning Startup Agara for Over $40M
« on: November 03, 2021, 02:34:18 PM »
In line with plans to expand its recently launched tech hub in India, Coinbase has acquired AI-powered customer support startup Agara. Coinbase, the largest crypto exchange in the U.S, has announced the acquisition of Agara, a Bengaluru-based startup that operates a customer support platform powered by artificial intelligence (AI).

The two companies didn’t disclose the terms of the deal, however, it is expected to be between $40 million and $50 million, Techcrunch reported on Tuesday citing sources familiar with the matter. Source


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The Securities and Exchange Commission has again pushed back its decision on the Valkyrie Bitcoin Fund to January 2022. The Securities and Exchange Commission (SEC) has delayed the deadline for a decision on the proposed Valkyrie Bitcoin Fund to January 7, 2022.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted,” the SEC said in a statement. Source


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Nike has submitted four filing requests to trademark virtual goods with the U.S. Patent and Trademark Office. Nike has filed to trademark its brand for virtual and downloadable goods, per Bloomberg.

On October 27, the sportswear colossus filed four requests with the U.S. Patent and Trademark Office. The filings reportedly list a variety of digital goods including headwear, eyewear, bags, backpacks, and sports equipment. Source


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The Sandbox’s SAND token is among the biggest gainers with a 26% price increase following the project’s $93 million Series B fundraise. Hot on the heels of The Sandbox’s $93 million Series B funding round on Monday, the price of SAND, the native token of the eponymous metaverse game, has soared by 24% over the last 24 hours, hitting a new all-time of $3.33 earlier on Tuesday.

Data from CoinGecko also shows that despite a correction to $2.75 by press time, SAND is up by as much as 239% over the last week. Source



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Ethereum has hit a new all-time high today, breaking its previous high of $4,467, as its hashrate also broke records. Ethereum (ETH) has hit a new all-time high price of $4,468.38 today, after breaking through its previous all-time high of $4,467 at approximately 9:30 EST.

The new price record coincides with an all-time high for Ethereum’s hashrate, the measure which shows the processing power of the Ethereum network. Source


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Owners of the Matrix-themed NFT avatars will be forced to choose between a "blue pill" and a "red pill" variant upon purchasing them. The Matrix is returning to the big screen with The Matrix Resurrections, and it's set to launch alongside a range of NFTs.

Per The Hollywood Reporter, social NFT platform Nifty's will launch 100,000 avatars themed around The Matrix Resurrections, with a special "Red Pill" feature. The avatars will retail for $50 each from November 30; as in the original Matrix film, buyers of the NFTs can choose between a red pill or a blue pill. If they choose the blue pill, their avatar's character will remain in the Matrix. If they choose the red pill, their avatar transforms into a resistance fighter. Source



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Microsoft Teams is embracing the metaverse with 3D avatars and virtual meeting environments. Microsoft has announced 3D avatars and immersive virtual environments for meetings, per The Verge and others.

“We got hit by meeting fatigue in the virtual world,” said Nicole Herskowitz, Microsoft Teams general manager during an interview with The Verge. Source


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CME will make Ethereum micro futures available on December 6. The Chicago Mercantile Exchange (CME) today announced that it will offer Ethereum micro futures on December 6. This will allow investors to make much smaller trades than with current Ethereum futures contracts, the marketplace said.

Right now, CME's Ethereum futures contracts—launched in February—allow investors to bet on contacts priced at 50 ETH, or $224,780-worth of the cryptocurrency. But the micro Ethereum contracts will be priced at one-tenth of one ETH: around $449.56 at the time of writing. Source


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Crypto Exchanges / Former CFTC Commissioner Joins Bitcoin Exchange FTX US
« on: November 03, 2021, 02:08:39 PM »
Mark Wetjen served on the Commodity Futures Trading Commission alongside current SEC Chair Gary Gensler.
FTX US, the American affiliate of Sam Bankman-Fried's exchange empire, announced today that it has hired Mark Wetjen as head of policy and regulatory strategy.

Though not a household name, Wetjen is a desirable addition for the growing company, having served as a Commodity Futures Trading Commission (CFTC) commissioner from 2011 to 2016. Wetjen also took on the role of acting chairman for five months when then-chair Gary Gensler (who now chairs the Securities and Exchange Commission) left the agency in early 2014. Source


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SOL is now the fifth-largest crypto asset by market cap. SOL, the native coin of the smart contract-enabled blockchain Solana, has risen in price by 7% over the last 24 hours to become the fifth-largest cryptocurrency by market capitalization, according to CoinGecko.

In doing so, it has flipped Cardano's ADA, which has been unable to keep pace with its fellow "Ethereum killer." ADA's price is up 2% on the day, but it has shed 8% of its value over the last week. Solana's market cap now stands at above $64 billion, compared to $63.5 billion for Cardano. Source


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Elijah Wood initially gave his blessing to Jungle Freaks, launched by a former Hustler cartoonist. Then racially charged cartoons from the 1970s came to light. NFT project Jungle Freaks fell into disarray yesterday after “racist” cartoons drawn by the project’s artist in the 1970s resurfaced, leading many high-profile investors to abandon the project—while others dismissed the controversy as a case of “cancel culture” gone wrong.

Jungle Freaks is a father-and-son project that consists of 10,000 zombie NFTs drawn by George Trosley, a former cartoonist for Hustler. Source


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The company behind the New York Subliners is teaming up with Moonwalk to release NFTs that provide unique rewards, both in real life and in the "metaverse." Andbox is a major player in the growing esports industry as the company behind the Call of Duty League’s New York Subliners and the Overwatch League’s New York Excelsior—both teams in prominent franchised leagues. Now the company is set to enter the NFT space.

Today, Andbox announced a partnership with Moonwalk, a blockchain startup that creates utility around NFT collectibles, enabling them to be used for rewards as well as special fan access, ticketing, and other potential uses. Moonwalk has previously worked with partners ranging from musician G. Love to Ukrainian soccer team Dynamo Kyiv. Source


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The new NFT marketplace will launch on the Free TON network, an offshoot of the blockchain built by Telegram. Just in time for the International Chess Federation World Championships this month in Dubai, the International Chess Federation (FIDE) today announced a partnership with TON labs to launch a new NFT marketplace dedicated to the sport of chess.

ChessNFT.com will feature digital art and collectibles featuring iconic moments in chess. One of the oldest games still played, chess has seen a resurgence in popularity since Netflix’s 2020 miniseries "The Queen’s Gambit" put it squarely in the cultural conversation. Source


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