🤯 Twitter deal: Dogecoin pumps, Binance is creating a team to help Twitter with crypto

🤯 Twitter deal: Dogecoin pumps, Binance is creating a team to help Twitter with crypto 💳 Visa moves into the Metaverse 🌱 New crypto projects keep emerging despite the bear market

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🤯 Twitter deal: Dogecoin pumps, Binance is creating a team to help Twitter with crypto 

💳 Visa moves into the Metaverse 

🌱 New crypto projects keep emerging despite the bear market

Twitter deal: Dogecoin pumps, Binance is creating a team to help Twitter with crypto

Seems like Musk Twitter deal served as a catalyst for sparking interest in crypto. Billionaire's move might mean that we will see even more price hikes in the future. Dogecoin, the favorite cryptocurrency of Musk, has risen 116.7% in value over the last week. Some experts believe that this is only the beginning and in the future we can expect even more price hikes.

For example, Charles Hoskinson, the founder of Cardano, says that Dogecoin should become a Cardano sidechain and is willing to help the meme coin migrate free of charge. He even said that there's a possibility of Dogecoin itself could merging with Twitter, that is if the social media platform decides to accept cryptocurrency payments for its premium features, and Musk is floating the idea.

Meanwhile, Binance is setting up a team to help Twitter with its blockchain and crypto plans. The team will work on how to use blockchain and crypto to address Twitter's issues, including bots, spam, and scams. Binance has invested $500 million into Musk's buyout of Twitter, so that makes Binance one of the equity investors and co-investors in the deal.

This move could mean that we will see more crypto projects and partnerships between traditional companies and startups in the future. Binance is of course interested in helping Twitter with its crypto plans because it stands to gain a lot from it. After all, Binance is the world's largest crypto exchange and it has a vested interest in seeing the adoption of cryptocurrencies grow.

These are interesting times for both the crypto space and Twitter. It is clear that Musk's involvement in all this has helped to bring back interest in crypto and blockchain. And with Binance's help, Twitter could become even more involved in the crypto space. Investors should definitely keep an eye on these developments.

Visa moves into the Metaverse

Payment giant Visa is the latest entity to express interest in the metaverse, hoping to offer services in the virtual world.

The company filed two metaverse before the United States Patent and Trademark Office (USPTO)  trademarks on October 22, according to attorney Michael Kondo, with plans to manage digital and cryptocurrency transactions, crypto wallets and NFTs. The application also seeks to provide virtual environments to facilitate interaction for recreational, leisure, and entertainment.

This is a smart, though a bit late, move by Visa. The metaverse is the next big thing and it's only a matter of time before everyone is living, working, and playing in virtual reality. With its experience in managing digital transactions, Visa is well-positioned to provide services in the metaverse. Even though the company is late to the game, it's good to see that it's finally taking the metaverse seriously.

However, the company will face stiff competition. Traditional financial institutions have been slow to embrace crypto, but they are starting to catch up. JPMorgan Chase, for example, has been fighting hard to get a piece of the action, and it's only a matter of time before other banks follow suit. PayPal and Western Union are also making inroads into the metaverse space by offering digital trading exchanges and issuing their own tokens.

In a way, it's good that Visa is late to the party. By the time it finally enters the metaverse, the company will have a better understanding of the space and what users want. Here's hoping that all of these big businesses getting a piece of the action won't ruin it for everyone else.

New crypto projects keep emerging despite the bear market

The bear market isn't stopping new crypto projects from joining the market. In fact, as of October 28, there were 21,555 cryptocurrencies in total, as tracked by CoinMarketCap. Since the start of 2022, 5,317 new crypto projects have emerged, growing by about 32% from 16,238 tokens recorded on January 1.

So what's driving this growth?  If we draw a parallel to the traditional stock market, it's clear that companies are more likely to go public during a bull market. So how is it that crypto projects are still managing to launch during a bear market?

The answer, quite simply, is that developers are using the current market conditions to their advantage. They know that when the market does eventually turn around, their project will be in a much better position to succeed if it's already up and running.

Of course, not all of these new projects will succeed. Most will probably fail. But for those that do succeed, the rewards will be that much greater. So what does this mean for investors? Well, if you're looking to invest in something new, don't let the current market conditions deter you. The foundation for the next big thing is being built right now. Who knows, maybe you'll be the one to spot it.