Wed 12/21

Good Morning. People are already set to a date in metaverse❤️❤️ ( imagine telling our grandparents that we are dating someone on a VR headset lol), CoinDCX released proof of reserves and Binance is set to acquire Voyager. Some cool pieces of news today; happy reading!

• The Metaverse Summit 2023: YourStory and The Decrypting Story have announced the Metaverse Summit 2023, the second edition of India's premier annual tech conference for accelerating the adoption of blockchain and Web3 use cases. The summit will take place in Bengaluru on Friday, January 20, 2023. To foster collaboration between the Web2 and the Web3 worlds, The Metaverse Summit 2023 will connect enterprises, startups, innovators, and financial institutions from both sides, focusing on boosting India's adoption of blockchain technology. Register Here.

• CoinDCX Releases Proof of Reserve: CoinDCX on Monday published a full audited report on its proof of reserves POR) as part of efforts to make them public. The report, published in partnership with Coingabbar, a crypto research firm, reveals the reserve balance for assets and liabilities. The reserve balance is certified by the statutory auditor, SGCO & Co. LLP, chartered accountants, as per the format prescribed by the Institute of Chartered Accountants of India. The crypto exchange's total reserve value stood at USDT $157,934,252, and the total value of liabilities stood at USDT $155,299,556 as on December 15, 2022.

• One-Third Of Singles Are Ready To Date In The Metaverse: Online dating has already become a commonplace activity in modern-day romance. Data from Statista forecasted nearly 280 million online dating users by 2024. Now with data from a recent survey conducted by Dating.com, an online matchmaking platform, the numbers say many singles are ready to take their search for love into the metaverse. According to the survey, those looking for love continue to turn to technology, with 33% of singles planning to date in the metaverse.

• Binance.us Set To Acquire Voyager Digital Assets For 1 Billion Dollars: According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 billion. After a review of strategic options, the firm said that Binance.US represented the “highest and best bid for its assets.” The $1.022-billion bid consists of the fair market value of Voyager’s cryptocurrency portfolio at a to-be-determined date in the future, along with an additional consideration equal to $20 million of incremental value. The deal is set to close by April 18, 2023.

• Yuga Labs Names Former Activision Blizzard President As New CEO: Yuga Labs, the Web3 startup behind Bored Ape Yacht Club, said Monday that former Activision Blizzard (ATVI) President and Chief Operating Officer Daniel Alegre is joining the company as CEO, effective in the first half of 2023. Alegre boasts an impressive resume, holding leadership positions at global music and media giant Bertelsmann and spending over 16 years as president of various international divisions at Google. It’s a big endorsement of blockchain gaming and Web3 technology, as Alegre is leaving a role as the president and COO of the biggest stand-alone (for now) company in the game industry to join a startup that is less than two years old.

Web3 Solidity Engineer At Electron Labs

What Is SHA-256: The SHA-256 algorithm is one flavor of SHA-2 (Secure Hash Algorithm 2), which was created by the National Security Agency in 2001 as a successor to SHA-1. SHA-256 is a patented cryptographic hash function that outputs a value that is 256 bits long.

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