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Showing posts from April, 2022

Can you truly own anything in the metaverse? A law professor explains how blockchains and NFTs don’t protect virtual property

João Marinotti , Indiana University In 2021, an investment firm bought 2,000 acres of real estate for about US$4 million. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox . By buying 792 non-fungible tokens on the Ethereum blockchain , the firm then owned the equivalent of 1,200 city blocks. But did it? It turns out that legal ownership in the metaverse is not that simple. The prevailing but legally problematic narrative among crypto enthusiasts is that NFTs allow true ownership of digital items in the metaverse for two reasons: decentralization and interoperability. These two technological features have led some to claim that tokens provide indisputable proof of ownership , which can be used across various metaverse apps, environments and games. Because of this decentralization, some also claim that buying and selling virtual items can be done on the blockchain itself for whatever price y

People use FOREX to buy and sell things (Foreign Exchange Market)

 FOREX (Foreign Exchange Market) FX is another name for the foreign exchange market. It can also be called the FX, which is another name for the market. They all mean the same thing: trading between businesses, banks, and governments that are in different places. Financial transactions have to be done through brokers and banks because the market is always changing, so they have to be done that way. Forex is a business that has a lot of scams. People who don't know that foreign trade must be done through a broker or a company with direct involvement in foreign exchanges are being taken advantage of by foreign companies and people who set up online to take advantage of them. There are foreign exchange markets that buy and sell cash, stocks, and other currencies. When one currency is traded for another, the FOREX market will be there and be able to work. Think about a trip you might take to another country. Where will you be able to exchange your money for the value of money in that

Who is trading in the foreign exchange market?

Trading currencies between countries, as well as deciding when to invest in currencies, is what forex trading is all about. For example, foreign exchange is traded between countries through a broker or financial institution. Foreign exchange trading, like stock trading, has become a popular pastime for many people. Banks, governments and brokers are the primary players in the market while retail traders are known as bystanders. The forex market fluctuates on a daily basis due to changes in the broader financial market. Every day, millions of dollars are exchanged between a number of large countries, and this includes some trade between smaller countries as well. Interbank transactions are the most common in the foreign exchange market, according to research conducted over the years. About half of all transactions in the foreign exchange market are handled by banks. Since the banks are using this method to make money for shareholders and their own business advancement, you know that th