What is World Wide Web 3.0 (WWW3)?

 

WWW3 (World Wide Web 3.0) is a term that is sometimes used to describe the next evolution of the World Wide Web. It is not a formally recognized term and it is not clear what exactly it means as there is no consensus in the industry on what constitutes "Web 3.0". However, some people use this term to refer to the next generation of the web where the web will be more decentralized, where users will own their data, and web applications will be powered by blockchain technology, AI, and other new technologies.

It is also often associated with the Semantic Web, which is an extension of the current web in which information is given well-defined meaning, better enabling computers and people to work in cooperation. In this vision, the web will become more intelligent and better able to understand and process information, leading to more powerful and efficient online applications and services.

It's important to note that this term is not a formally recognized by any standard organization and it's a concept that people uses to describe the next stage of the web's evolution.

 

FINTECH IN FUTURE 2023 - 2033

 

Fintech, or financial technology, is a rapidly growing industry that is expected to continue to evolve and expand in the future. Some trends that are likely to shape the future of fintech include increasing use of artificial intelligence and machine learning, more widespread adoption of blockchain technology, and a growing focus on financial inclusion and accessibility. 

Additionally, fintech is also likely to play a key role in the development of new financial products and services, such as digital currencies and digital wallets, as well as in the transformation of traditional financial institutions and banking systems. 

Overall, the future of fintech is likely to be characterized by greater innovation and competition, as well as by increasing use of digital technologies to improve the efficiency and accessibility of financial services.

Pi is in Enclosed Mainnet. Pi Network isn’t affiliated with and hasn’t authorized any exchange listing.

 Mining crypto is hard.
Investing in crypto is risky.
Too many of us are left out of the cryptocurrency revolution.

Pi Network is aware of reports that several unauthorized third party exchanges, and potential unknown third parties, are seeking to list Pi or tokens purporting to be Pi, or some purported derivative of Pi, without the consent, authority or involvement of Pi Network.

It is important to reiterate that Pi is currently in the Enclosed Network and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network was not involved with any of these purported postings or listings.

Currently, Pi Network recommends to all Pioneers and potential Pi users not to engage with any of these exchanges or third party actors as their actions are not affiliated with Pi Network, and could result in substantial loss or damage to Pi users. Pi Network is also requesting these posts and exchange listings removed, and evaluating additional actions with respect to the third parties and exchanges. In the interim, it is important to reiterate that the transaction of Pi through an exchange is explicitly prohibited during the Enclosed Mainnet period, and doing so would be a violation of Pi’s policies.

The unique innovative design of Pi’s Enclosed Network period is a strategic choice to build a network of true substance and utilities with the best interest of the network, the community and individual Pioneers in mind. The current Enclosed Network period of Mainnet allows Pi Network to focus on two priorities: mass KYC/migration and ecosystem utilities-building. Both are essential steps towards our ultimate objective of building a viable ecosystem to get ready for Open Mainnet.

DOGE, SHIB, ELON, BabyDoge, QUACK

Everybody loves memecoins. If you don’t have at least one animal-themed token in your wallet, can it really be said that you’re invested in crypto? Still, memecoins aren’t exactly considered “stores of value,” with their high volatility and, in many cases, extremely low utility.

Let’s take a look at how the five most popular memecoins performed, in terms of price action, during the 2022 bear market. You might be surprised to see that most of them outperformed Bitcoin and Ethereum!

The value of Bitcoin has dropped 64% since Jan. 1, while Ethereum dropped 68%, according to CoinMarketCap.

1. Dogecoin

    Name: Dogecoin
    Symbol: $DOGE
    Jan. 1 price: $0.1705
    Dec. 28 price: $0.07141
    Change: -58%
    Bottom line: Dogecoin outperformed both Bitcoin and Ethereum.

2. Shiba Inu

    Name: Shiba Inu
    Symbol: $SHIB
    Jan. 1 price: $0.00003342
    Dec. 28 price: $0.000007991
    Change: -76%
    Bottom line: Shiba performed worse than both Bitcoin and Ethereum.

3. Dogelon Mars

    Name: Dogelon Mars
    Symbol: $ELON
    Jan. 1 price: $0.000001566
    Dec. 28 price: $0.0000002869
    Change: -82%
    Bottom line: Dogelon Mars performed worse than both Bitcoin and Ethereum.

4. Baby Doge Coin

    Name: Baby Doge Coin
    Symbol: $BabyDoge
    Jan. 1 price: $0.000000001907
    Dec. 28 price: $0.0000000009559
    Change: -50%
    Bottom line: Baby Doge Coin outperformed both Bitcoin and Ethereum.

5. Rich Quack

    Name: Rich Quack
    Symbol: $QUACK
    Jan. 1 price: $0.000000002579
    Dec. 28 price: $0.000000001124
    Change: -56%
    Bottom line: Rich Quack outperformed both Bitcoin and Ethereum.

As you can see, 2022 was a year of massive losses throughout crypto. The two largest coins and the most popular memecoins suffered alike. While you were better off holding $DOGE, $BabyDoge and $QUACK than either $BTC or $ETH -- the best bet would have been to have your funds in fiat or $USD stablecoins ... er, well except for TerraUSD (which is down 98% on the year!).

 Source:www.bsc.news - by Patrick

Bitcoin Falls Back To USD10,000 As Worldwide Inflation Crisis Began!

 

Key points:

• U.S. stocks plunge, but some bounce off lows; Nasdaq down ~3.8%
• All major S&P 500 sectors red: cons disc down most
• Dollar, crude rise; gold falls; bitcoin swoons ~11%
• U.S. 10-Year Treasury yield jumps to ~3.35%

The bitcoin price has struggled since the first few months of 2022 as central bank monetary tightening squeezes assets across the board. The Fed is widely expected to hike rates by 50 basis points - the biggest rate increase in 22 years—in order to temper soaring inflation.

Now, a veteran trader has warned the bitcoin price could fall as low as $28,000, down $10,000 per bitcoin from its current price. 

Why is crypto crashing today? Cryptocurrency markets have crashed to a new low of this year today. The global market cap has shrunk to $1.02 trillion from $1.10 trillion recorded yesterday. The global cryptocurrency market cap has fallen by around $1 trillion this year while almost every top coin is now worth half or even less than their all-time highs.

The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears. Investors are also continuing to stay away from riskier assets, which is reflecting in the stock markets as well.

Bitcoin, the biggest and most popular cryptocurrency, has fallen to $25,586 while almost all altcoins, starting from Ethereum, are bleeding prices since weekend.

"I still believe crypto is the most optimal hedge against these macroeconomic issues which is why institutional interest in the industry has only continued to grow,"

"Both venture capital funding and fund deployments into crypto are soaring at one of the fastest levels since the inception of #bitcoin."

Southeast Asia's Grab to offer mapping services to other firms in search for profit

 

Grab Holdings Ltd (GRAB) said on Wednesday it would offer its in-house mapping and location-based services to businesses, as Southeast Asia's No. 1 ride-hailing and food delivery firm chases profits.

GrabMaps, an internal mapping service used by the Singapore-based firm's drivers and delivery partners, is being pitched to businesses seeking hyper-local location solutions in the densely populated Southeast Asian countries.

Grab, which operates in eight countries in the region and had nearly 31 million active monthly users as of March 31, is looking to cash in on the mapping sector in Southeast Asia, expected to be worth $1 billion by 2025.

Indonesian ride-hailing and payments firm GoTo Gojek Tokopedia (GOTO) is Grab's biggest competitor, followed by Singapore-based e-commerce, gaming and digital payments firm Sea Ltd (SE).

The loss-making company, which has spent money on promotional offers and driver incentives, has said it expects reopening of offices and resumption in travel to drive a rebound in its rideshare and food delivery businesses. 

Jun 8, 2022, 18:23 - Reuters

 

US Regulator Investigate Binance BNB Token Probe By U.S. Money Laundering and Tax

 

June 6, 2022 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating whether crypto exchange Binance Holdings Ltd’s initial coin offering in 2017 broke the agency’s rules, Bloomberg reported, citing people familiar with the matter.

SEC investigators are examining if the offering of BNB token amounted to the sale of a security that should have been registered with the agency, the report here said on Monday.

The investigation adds to the troubles for Binance, one of the world’s largest crypto exchange, which is already plagued by legal issues and controversies.

Spokespersons for SEC and Binance did not immediately respond to Reuters requests for comments. (Reporting by Leroy Leo in Bengaluru)

 

The U.S. Securities and Exchange Commission (SEC) is examining whether Binance’s initial coin offering of its Binance coin (BNB) token in 2017 was an unregistered security offering that should have been registered with the regulatory agency, Bloomberg reported Monday, citing confidential sources.

• Without commenting on the details of the reported probe, a spokesperson for Binance told CoinDesk via email, "As the industry has grown at a rapid pace, we have been working very diligently to educate and assist law enforcement and regulators in the U.S. and internationally, while also adhering to new guidelines. We will continue to meet all requirements set by regulators."
   
  • BNB was trading down 4% after news of the report came out.
  • Binance is currently under investigation in the U.S. by the Justice Department, the Commodity Futures Trading Commission (CFTC) and the Internal Revenue Service. Binance is the world’s biggest crypto exchange and says it’s not domiciled in any one country.
  • The SEC is also investigating market-making companies owned or partially owned by Binance CEO Changpeng Zhao that do business with Binance.US, a U.S.-based affiliate of the global exchange, according to a person familiar with the review, Bloomberg reported.
  • According to the report, one of the SEC’s focuses is on whether Binance.US is wholly independent of the global exchange and whether employees may be involved in insider trading.
  • An SEC spokesperson declined to comment on the existence of any possible probe.