Big Moments in Crypto

<p><span style="font-weight: 400;"><em><strong>Welcome Wizardians</strong></em> and crypto aficionados. Welcome to your mystical gateway to the enchanting world of cryptocurrency and blockchain. </span></p> <p> </p> <p><span style="font-weight: 400;">Just like a spell you can't resist, our crypto insights will leave you spellbound. Dive into the latest sorcery from the crypto realm and prepare for a magical journey.</span></p> <p> </p> <p><span style="font-weight: 400;">Join us as we unveil:</span></p> <p> </p> <p><span style="font-weight: 400;">&#128064; The metaverse is here </span></p> <p> </p> <p><span style="font-weight: 400;">&#127462;&#127479; Argentina is launching a blockchain-based digital ID service </span></p> <p> </p> <p><span style="font-weight: 400;">&#128293; Gensler gets burnt by Congress </span></p> <p> </p> <p><span style="font-weight: 400;">But first, see wizardia big bash tournament and prize pool <a href="https://wizardia.io/blog/weekend-bash" target="_blank" rel="noopener">here</a>.</span></p> <p><br><br></p> <p><strong><span style="font-size: 24pt;">The Metaverse Revealed </span></strong></p> <p> </p> <p><span style="font-weight: 400;">The metaverse &ndash; a term that has conjured curiosity in all realms, yet its true essence remains as elusive as a mirage. Is it among us, or are we still traversing the astral planes in search of answers?</span></p> <p> </p> <p><span style="font-weight: 400;"><a href="https://techcrunch.com/2023/09/27/ray-bans-new-meta-smart-glasses-will-be-able-to-translate-text/" target="_blank" rel="noopener">Ray-Ban smart glasses,</a> imbued with built-in cameras that capture moments, livestream the arcane, and, soon, channel the power of MetaAI, Facebook's nascent artificial intelligence companion.</span></p> <p> </p> <p><span style="font-weight: 400;">The most bewitching feature is MetaAI, which grants these spectacles the power of "multimodality" &ndash; allowing them to comprehend and illuminate the secrets of the world they behold.</span></p> <p> </p> <p><span style="font-weight: 400;"> Imagine gazing upon a foreign inscription and seeing it translated before your very eyes or seeking guidance on fixing a leaky potion with step-by-step instructions.</span></p> <p> </p> <p><span style="font-weight: 400;">Now, you can witness the Quest 3 headset, a marvel of mixed reality, enabling seamless transitions between the metaverse's immersive realms and the tangible world. N</span></p> <p> </p> <p><span style="font-weight: 400;">o longer must you stare at mundane walls; now, your coffee table can become a mystical piano or your living room a realm akin to Halo or Roblox.</span></p> <p> </p> <p><span style="font-weight: 400;">Whether you embrace the metaverse's enchantment or question its spell, one truth prevails &ndash; it dwells among us.</span></p> <p> </p> <p><iframe src="https://www.youtube.com/embed/Es5ZgxdKE4k" width="560" height="314" allowfullscreen="allowfullscreen"></iframe></p> <p> </p> <p>Did you miss installement #4 of <a href="https://wizardia.io/blog/crypto_news_4" target="_blank" rel="noopener">Wizardias weekly crypto news</a>?</p> <p> </p> <p><strong><span style="font-size: 24pt;">Gary Gensler's Mystical Ordeal &#128302;</span></strong></p> <p> </p> <p><span style="font-weight: 400;">In the halls of the U.S. House Financial Services Committee, a magical gathering convened under the title "Oversight of the Securities and Exchange Commission (SEC).</span><span style="font-weight: 400;">" </span></p> <p> </p> <p><span style="font-weight: 400;">It resembled a mystical ritual, akin to a performance review, but with a twist &ndash; instead of HR, it was a congress of sorcerers, all eyes upon one man: Gary Gensler.</span></p> <p> </p> <p><span style="font-weight: 400;">In this ordeal, Gensler faced questions that were more than mere incantations. They were incantations of scrutiny and bewilderment, and the responses that followed could be likened to the unruly spells of an apprentice, novice and inexperienced wizard.</span></p> <p> </p> <p><span style="font-weight: 400;">"It cannot be understated that a common theme throughout your career, sir, is relentless loyalty to the largest financial institutions at the clear expense of innovation, competition, and everyday Americans," declared Congressman Tom Emmer.</span></p> <p> </p> <p><span style="font-weight: 400;">"If I purchase a tokenized Pokemon card via a blockchain, is that a security transaction?" asked Torres.</span></p> <p> </p> <p><span style="font-weight: 400;">Gensler's response&hellip;. "I'd have to know more."</span></p> <p> </p> <p><span style="font-weight: 400;">Torres later remarked, "Chair Gensler's answer to my questions were as incoherent as his overall approach to regulating crypto."</span></p> <p> </p> <p><span style="font-weight: 400;">Check it out on Tom Emmers X <a href="https://x.com/GOPMajorityWhip/status/1707069814773076398?s=20" target="_blank" rel="noopener">here</a>.</span></p> <p> </p> <p><picture><source srcset="https://wizardia.io/images/blog/thumb/untitled-design-12-8653.webp 576w, https://wizardia.io/images/blog/inner/untitled-design-12-8653.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/untitled-design-12-8653.jpg 576w, https://wizardia.io/images/blog/inner/untitled-design-12-8653.jpg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/untitled-design-12-8653.jpg 576w, https://wizardia.io/images/blog/inner/untitled-design-12-8653.jpg " alt="" loading="lazy" width="1280" height="720"></picture><br><br><br></p> <p> </p> <p><strong><span style="font-size: 24pt;">Argentina launches blockchain-based digital ID service</span></strong></p> <p> </p> <p><span style="font-weight: 400;">Argentina is the latest country to adopt blockchain technology for digital identity, with the capital city of Buenos Aires launching a new service in October 2023.</span></p> <p> </p> <p><span style="font-weight: 400;">The service, developed in partnership with the blockchain infrastructure project QuarkID, will allow residents to access and manage their digital identity documents via a mobile wallet app.</span></p> <p> </p> <p><span style="font-weight: 400;">To start, the service will support birth and marriage certificates, with proof of income, academic verification, and health data to be added in the coming months.</span></p> <p> </p> <p><span style="font-weight: 400;">The QuarkID wallet uses zkSync Era, a layer-2 scaling solution for Ethereum, to provide fast and secure transactions at low cost.</span></p> <p> </p> <p><strong><span style="font-size: 18pt;">Benefits of a blockchain-based digital ID</span></strong></p> <p> </p> <p><span style="font-weight: 400;">Security: Blockchain-based digital IDs are highly secure, as they are encrypted and stored on a decentralized network. This makes them virtually impossible to hack or tamper with.</span></p> <p> </p> <p><span style="font-weight: 400;">Privacy: Blockchain-based digital IDs give users full control over their personal data. Users can choose which credentials to share with whom, and they can revoke access at any time.</span></p> <p> </p> <p><span style="font-weight: 400;">Convenience: Blockchain-based digital IDs are more convenient to use than traditional paper-based IDs. They can be accessed from anywhere in the world, and they can be used to verify identity online and in person.</span></p> <p> </p> <p><span style="font-weight: 400;">It will also be interesting to see how other countries and organizations respond to Argentina's initiative. If successful, it could lead to a wave of new blockchain-based digital ID services around the world.</span></p> <p> </p> <p><strong><span style="font-size: 24pt;">The Magic Crypto Ball &#128302;</span></strong></p> <p> </p> <p><span style="font-weight: 400;">The trial of <a href="https://edition.cnn.com/2023/10/02/investing/sbf-trial-preview/index.html" target="_blank" rel="noopener">Sam Bankman-Fried</a>, the crypto lizard, is set to commence on October 3.</span></p> <p> </p> <p><span style="font-weight: 400;">Coinbase has obtained a <a href="https://coinpedia.org/news/coinbase-secures-major-payment-institution-licence-from-singapores-monetary-authority/" target="_blank" rel="noopener">payment license in Singapore</a> and recently received licenses from Spain and Bermuda.</span></p> <p> </p> <p><span style="font-weight: 400;">Valkyrie has received <a href="https://www.businesswire.com/news/home/20231002281523/en/" target="_blank" rel="noopener">approval to begin acquiring ETH futures for its existing Bitcoin ETF,</a> a fusion of two crypto realms under one mystical roof.</span></p> <p> </p> <p><span style="font-weight: 400;"><a href="https://cointelegraph.com/news/ripple-pulls-back-fortress-acquisition" target="_blank" rel="noopener">Ripple</a> has pulled a u-ey (australian slang for u-turn), abandoning its acquisition of Fortress Labs at the eleventh hour. See more about ripple in this <a href="https://wizardia.io/blog/ripples'_case" target="_blank" rel="noopener">link</a>.</span></p> <p> </p> <p><span style="font-weight: 400;">The CEO of Thodex, a Turkish crypto exchange, has been condemned to a <a href="https://www.bloomberg.com/news/articles/2023-09-08/turkish-crypto-boss-sentenced-to-over-11-000-years-in-prison" target="_blank" rel="noopener">sentence spanning an astonishing 11,196 years</a> for acts of fraud.... Thats not the only absurd crypto story weve mentioned. Check out the Sweeds mess up <a href="https://wizardia.io/blog/crazy_crypto_events" target="_blank" rel="noopener">here</a>.</span></p> <p> </p>