Billionaire supports blockchain “aimed at creating millions of jobs”

Cryptocurrency

A Vietnamese billionaire has invested in a company that says its virtual world will create millions of jobs.

MetaWorld Blockchain, based in Switzerland, has been supported with $ 30 million from Mai Vu Minh, according to a press release.

“Meta World (METAD) will create millions of jobs for developers and creators and be one of the most advanced digital infrastructures in the world,” said the billionaire, CEO of the SAPA Thale Group.

The virtual ecosystem will be developed in six areas – smart contracts, financial services, games to make money, supply chain, healthcare and cryptocurrencies – to serve the ecosystem and partners of METAD worldwide, according to CEO Michael Sam.

SAPA Thale aims for “a great digital economy” that will open up inside the virtual universe – currently under construction – with users who can sell both physical and digital products.

“The use of blockchain can bring unparalleled security, trust, automation and efficiency to almost any type of transaction,” said Minh.

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Shorts for cryptocurrency

DeepNFTValue, a machine learning company that uses deep neural networks to price non-fungible tokens and other NFT assets, has raised $ 4 million in a round led by the Rockaway Blockchain Fund and with 1Confirmation and Cygni Capital.

The crypto-investment platform CoinFLEX is taking an individual account holder to court in Hong Kong in an attempt to reclaim the 84 million dollars it believes they owe. Withdrawals have been suspended on the platform since June 23 due to liquidity problems, which are said to be caused by the “whale”.

Kenya has the highest share of cryptocurrency adoption in Africa. 8.5% of the population – 4.25 million people – have crypto, according to a report from the United Nations Conference on Trade and Development (UNCTAD). That is more than the United States, where 8.3% own digital currencies. War-torn Ukraine is at the top worldwide, with 12.7%, followed by invaders Russia (11.9%), Venezuela (10.3%) and Singapore (9.4%).

Binance has been licensed to offer crypto services in Spain. The Bank of Spain approved its Spanish subsidiary, Moon Tech Spain, to officially operate as a recognized virtual asset service provider – the 16th company to receive this license.

Cryptocurrency platform OKX will pay a reported $ 20m + this season to be Manchester City’s official training partner. Already announced as City’s official cryptocurrency exchange partner in March, the agreement will see players play the lead role in cryptocurrency education content produced by OKX.

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Crypto prices

The total market value of the more than 20,100 coins is $ 913.69 billion at the time of writing (7am UK), down from $ 962.35 billion on Friday morning.

Market leader Bitcoin – the original cryptocurrency created by the mysterious Satoshi Nakamoto – fell more than $ 1,300 to $ 20,477. BTC is 7% up in a week.

Ethereum, the second most valuable cryptocurrency – created as a decentralized network of smart contracts on the blockchain – threw $ 100 to $ 1145. ETH is 9% up in a week.

Binance Coin is a cryptocurrency created by the popular crypto exchange Binance to help the goal of becoming the provider of infrastructure services for the entire blockchain ecosystem. The BNB token lost $ 11 to $ 230, up 6% over seven days.

Ripple’s XRP token, a payment settlement exchange and remittance system, acts as a bridge for transfers between other currencies. XRP lost more than 3 cents to below 32c, with the price where it was seven days ago.

Cardano is an open source network that facilitates dApps that consider themselves to be an updated version of Ethereum. The ADA token, designed to allow owners to participate in the operation of the network, reduces 3c to below 45c and is slightly down in a week.

Solana is a blockchain built to make decentralized finance available on a larger scale – and capable of processing 50,000 transactions per second. The SOL token fell $ 2.50 to $ 35.21, but is 7% higher than the price a week ago.

The meme coin DOGE was created as a satire on the hype surrounding cryptocurrencies, but is now a major player in space. DOGE lost more than 0.5c to 6.5c, dropping 2% in one week.

Polkadot was founded by the Swiss-based Web3 Foundation as an open source project to develop a decentralized web. The DOT token, which aims to securely connect blockchains, reduces the 50c to $ 6.74 and is slightly lower than the price a week ago.

Avalanche is a lightning-fast verifiable platform for institutions, companies and governments. The AVAX token lost almost $ 2 to $ 18.32 and is up 9% in one week.

To see how the valuation of the main currencies has changed in recent times – and for summaries of recent developments on cryptocurrency news – click here.

For valuations of the 100 best coins by market value in US dollars, plus a 24-hour price change, see below.