Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: Jan. 11-17, 2022

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional rollercoasters, this is the place to be.

Are you ready for the crunch? Let’s get started.

4 Crypto Billionaires Die Under ‘Suspicious Circumstances’ With a Month of One Another

Four crypto billionaires died under mysterious circumstances within a month, sparking “consipracy” theories. 

Understandably, the cryptocurrency community is searching for answers after Nikolai Mushegian, co-founder of MakerDAO, broker Javier Biosca,  Amber Group co-founder Tiantian Kullander, and Park Mo, vice president of Vidente all died in either freak accidents or with no apparent cause. 

Mo was reportedly found dead in front of his house on the morning of Dec. 30, whereas Mushegian was found dead on a Puerto Rico beach just hours after tweeting that intelligence agencies were after him, according to CoinTelegraph

Metaverse Projections Make Positive Shift

A new report by global management consulting firm McKinsey shows metaverse technology could generate up to $5 trillion by 2030. 

The report presents a stark contrast to recent predictions about the metaverse. In November 2022, statistics revealed many metaverse worlds were sparsely populated. Meta Platforms also laid off more than 11,000 employees late last year. 

The McKinsey report highlights the myriad consumer and business-centric use cases the metaverse could cater to as some of the reasons for the forward momentum of the technology. 

“For the metaverse to reach its full potential, the report highlighted the need for four technology enablers — devices (augmented reality/virtual reality, sensors, haptics, and peripherals); interoperability and open standards; facilitating platforms; and development tools,” CoinTelegraph reported. “However, the success of the metaverse is weighed by a greater focus on maximizing the human experience aimed at delivering positive experiences for consumers, end-users and citizens.” 

Bitcoin Crosses $17,500 Threshold

Bitcoin has crossed the $17,500 threshold for the first time in almost a month. However, many traders are still hesitant to turn bullish on the world’s most valuable cryptocurrency. 

Almost tying with the peak from Dec. 16, Bitcoin displayed rare upside momentum against a backdrop of some of the lowest volatility ever seen over the holiday season.

Traders and analysts anticipate an erratic reaction to upcoming macroeconomic data from the United States. Due on Jan. 12, the Consumer Price Index (CPI) print is expected to bolster the narrative that inflation is waning, offering a potential window of opportunity for risk assets. 

WOW Summit Hong Kong to be Major Asian Web3 Event

After successful editions in Dubai, the United Arab Emirates and Lisbon, WOW Summit Hong Kong is set to be the flagship full-scale Web3 event in the Asia-Pacific (APAC) region in 2023. 

The conference will host over 5,000 attendees from March 29 to 30 at the AsiaWorld-Expo. WOW Hong Kong is supported by the government institutions Invest Hong Kong and the Hong Kong Tourism Board and is co-hosted by blockchain ecosystem players Uvecon.VC and MaGESpire.

These 3 Billionaires Lost Lives Mysteriously in the FTX Collapse