Crypto News Highlights (5th February to 9th February 2024)

Here are the top stories that happened in crypto this week.

Crypto News Highlights (5th February to 9th February 2024)
Here are the top stories that happened in crypto this week.

Apple's 'Vision Pro' to Introduce First Crypto-Focused Metaverse App by Victoria VR

Victoria VR, the developer focusing on crypto and virtual reality (VR), announced plans to launch the first metaverse app from a blockchain-related company on Apple's "Vision Pro" headset.

The app promises ultra-realistic graphics and immersive gameplay, leveraging Vision Pro's technologies and showcasing the power of Web3 technology. Expected to be available in the second quarter of the year, this move marks Apple's entry into the virtual reality ecosystem, competing with Meta's existing "Meta Quest" headset.

Do Kwon Wins Second Appeal, Extradition Decision Overturned Again

Terraform Labs co-founder Do Kwon has won a second appeal against the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea.

Following a series of legal battles and reversals, the case will return to the first-instance court for reconsideration based on the new ruling. The recent appeal highlighted violations of criminal procedure provisions and unclear wording in the extradition decision, emphasizing procedural irregularities.

Apple Co-Founder Steve Wozniak Praises Bitcoin Amid Concerns About Crypto Exploitation

Steve Wozniak, co-founder of Apple Inc., voiced support for Bitcoin while expressing reservations about the broader crypto market.

In a podcast interview, Wozniak highlighted Bitcoin's safety and stability compared to other digital assets, despite concerns about scams and fraudulent schemes in the crypto and NFT markets. He acknowledged the challenges of crypto replacing fiat currencies and shared his own educational journey exploring Bitcoin during its early stages.

Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings

Bankrupt crypto lender Genesis filed a motion seeking approval to sell over $1.6 billion in bitcoin (BTC), ether (ETH), and Ethereum classic (ETC) held in Grayscale’s trust products.

The motion, if approved, could introduce significant selling pressure on Bitcoin and other assets. Genesis seeks to liquidate assets held in Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust to address creditor obligations amid bankruptcy proceedings.

Disclaimer:  The information provided in this crypto news round-up is for informational purposes only and should not be considered financial or investment advice. Obiex will not be held liable for your investment decisions.