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China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review – CryptoScoop
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From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the […]
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations.” Moreover, during the last few weeks, reports note that the global economy could crater if there’s a Chinese military attack on Taiwan.
Renowned Investor Jim Rogers Warns ‘the Worst’ Bear Market in His Lifetime Is Incoming
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” in his lifetime. Noting that many stocks will go down 90%, he stressed that investors will lose a lot of money.
Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says
The latest troubles in the crypto space have allegedly led to an increased supply of second-hand luxury watches, according to a leading trading platform. As a result, prices of sought-after models by major brands like Rolex and Patek have dropped, the company revealed.
Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push
Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies of the division to include more revenue streams.
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Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives
Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to its customers. The agreement also includes the possibility of pursuing joint commercial […]
Nanjing University of Information Science & Technology
Nanjing University Sets Up One of the First Metaverse Majors in China
Walmart’s Universe of Play
Retail Giant Walmart Enters the Metaverse With Walmart Land and Universe of Play on Roblox
Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent
Italian Serie ‘A’ Soccer Team AC Milan to Launch NFT Initiative
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