Aug 22: China's Social Credit System Enters the Metaverse, Gaming Influencers' Earnings, Coinbase's Strategic Move

Dive into the latest crypto happenings! China is integrating its social credit system into the metaverse, raising concerns about privacy and control. Gaming influencers like Faze Banks and Nadeshot are among the top earners in the "friend tech" industry. Phantom signs in on Solana's wallet, offering enhanced user experience. The Dogecoin community reacts strongly to the proof-of-stake switch, according to core developers. Indian crypto exchange CoinDCX cuts jobs due to the bear market's impact. Coinbase acquires a stake in Circle, contributing to the dissolution of USDC Centre. A crypto fund misled investors by promising unrealistic returns of 2700%.

#CryptoNews #China #Metaverse #GamingInfluencers #Coinbase #Cryptocurrency #CryptoScams

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News Links 👇

https://decrypt.co/153163/china-is-taking-social-credit-system-metaverse

https://decrypt.co/153243/gaming-influencers-faze-banks-nadeshot-among-friend-tech-top-earners

https://blockworks.co/news/phantom-sign-in-solana-wallet

https://decrypt.co/153296/dogecoin-community-has-become-hyper-reactionary-over-proof-stake-switch-says-core-dev

https://www.coindesk.com/business/2023/08/22/indian-crypto-exchange-coindcx-is-cutting-12-of-jobs-as-bear-market-taxes-take-their-toll/

https://decrypt.co/153229/coinbase-buys-stake-circle-dissolving-usdc-centre

https://decrypt.co/153190/crypto-fund-misled-investors-promised-2700-returns

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!

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