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MetaVisa Announces $5 Million of Fundraising in Seed and Private Round



Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience

HongKong, China, 1st December, 2021, Chainwire

MetaVisa, a layer-3 middleware protocol built on Ethereum, dedicated to developing decentralized identity and building a credit system in the Metaverse, has announced that it has recently raised $5 million in seed and private round funding from Spark Digital Capital, Sora Ventures, Amplio Capital, HG Ventures, GTA Ventures, Seeded Ventures, Dutch Crypto Investors, Maven Capital, Black Mamba Ventures, Tensor Investment Corporation and Collinstar Capital.

By analyzing blockchain data, MetaVisa Protocol helps users establish and display reliable on-chain identity & credit records and makes it easier for DeFi, NFT, GameFi, DAO, and other DApps to better serve their users through our credit system; which we call the MetaVisa Protocol Credit Score (MCS).

MetaVisa Protocol aggregates and analyzes all transactions of blockchain objects on multiple networks, establishes links between them, and then uses this data to evaluate an individual’s credit score objectively and transparently.

The Importance of DID and Credit System

With the emergence of the Metaverse and the transition to Web3.0, users need a permanent, self-owned identity. Decentralized Identities (DIDs) are identifiers that enable a verifiable, decentralized digital identity based on the self-sovereign identity paradigm. DID and credit systems are also the keys to realizing the goal of Web 3.0 and Metaverse.

In addition to collecting, obtaining, and organizing metadata for on-chain identity, a complete information system is needed to facilitate the analysis and evaluation of data.

Finding the right data model and proper standards for managing credit are great challenges. Our ability to address these challenges will determine whether decentralized identities can be mainstreamed.

The background information behind the identity, objective credit evaluation, information data security protection, access to credit information sources on-chain, and the diversified data requirements of the credit system are fundamental to promoting the realization of Web3.0 and the Metaverse.

MetaVisa Protocol and MCS

Based on the blockchain data, using cloud computing, machine learning technologies, and model algorithms such as logic regression, decision trees, and random forests, MetaVisa Protocol conducts comprehensive processing and evaluation of data in various dimensions such as credit history, on-chain behavior preferences, address activity level, asset holdings & portfolio, and address correlation.

The MCS system will provide users with badges of honor showing their MCS for all to see in the form of an NFT. Users with higher MCSs will be rewarded with high-ranking badges and will enjoy more privileges when receiving services from various DApps.

MetaVisa performs credit ratings for other digital assets such as NFT. The credit scores for NFTs are estimated based on the number of times they have been auctioned on MetaVisa Protocol or other trusted platforms. NFT’s score will not depend on their price because their price is typically determined in an unreliable manner, based on the emotions and the subjective preferences of the purchaser.

To evaluate credit scores for a wallet address, factors such as total assets, transaction history, loan ratios, circulating assets, and trustworthiness of possessing assets will all be accounted for.

MetaVisa NFT Claim – MetaVisa Hero

MetaVisa recently launched their first NFT series – MetaVisa Hero, with ten different roles; Archer, Barbarian, Berserker, Druggist, Knight, Master, Ninja, Priest, Rogue, and Warrior.

MetaVisa Hero is minted using an infinite algorithm. The way to receive an exclusive NFT is by combining a scalable vector graphics (SVG) image + address information (wallet number info) + minting timestamp = a string of source codes that can be used to generate SVG files. The code is encoded with BASE64 and packaged with additional coding content, including the address number information and the time of collection. It is recorded on the blockchain in the form of BASE64 encoding. Anyone can get the original coding information from the chain, decode it or generate a vector diagram with a decisive path.

To put it simply, MetaVisa NFT demonstrates ownership of the object and shows when it was generated with a time badge, giving meaning to the image and providing context to the history of the item.


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Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means



bitcoin volatility

Bitcoin has sharply declined in the past month which has dragged it down to the $40K price point. The digital asset’s downtrend had then promptly dragged their metrics like implied volatility down with it. This decline has been even sharper as bears have gotten a tighter grip on the market. For some, this could be bad news. However, for others, it could mean a period of opportunity.

Bitcoin Implied Volatility Crumbles

Bitcoin’s implied volatility is a metric that is used to illustrate investor expectations of future price volatility of the digital asset going forward. This metric is not only prominent in the crypto space but is used across a number of actives to map out investor expectations over time when it comes to volatility. If this metric is high, then investors are clearly expecting price volatility to be on the high side going forward, which is why this is an important metric for investors, especially those invested for the short term.

Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

For bitcoin, implied volatility has been on a steady downtrend since the end of 2021. This follows the price movements which have also recorded a similar downtrend in its value. The implied volatile downtrend however ramped up even more at the beginning of this year. It is important to note that low implied volatility (IV) for bitcoin is uncharacteristic, hence why it is important.

BTC implied volatility declines | Source: Arcane Research

With such low levels, volatility bets become a more attractive venture for bitcoin where they can buy call and put options. One thing about low IV levels for bitcoin is that they tend to extend for a Lon time. An example of this is the low IV levels recorded in June 2020 that lasted for six months into December 2020.

Bitcoin’s IV is being impacted by a number of factors, including decentralized finance (DeFi) innovations that are popping up around the corner.

BTC Price Movements

Bitcoin has been moving more or less erratically over the past few months. After hitting its peak of $69K, the digital asset had gone a consistent descent that saw it lose over 30% of the all-time high value. Additionally, the digital asset high is known to be a market mover has dragged the market down with it, losing about $300 billion off its own market cap in the process.

Related Reading | What’s In Store For MicroStrategy Going Forward? CEO Michael Saylor Reveals

Bitcoin has however held strong above the $40K point. The digital asset continues to show strong support at this point, suggesting that this is the point for bulls to hold and for bears to beat.

Bitcoin price chart from

BTC at $42K | Source: BTCUSD on

In the last 24 hours, the price of BTC has grown from the low $41,000 to above $42,000, adding about $1,000 to its value just as the markets begin to open for midweek trading. The price of the digital asset is currently trending at $42,300, with indicators pointing towards a retest of the $42,500 resistance point.

Featured image from Binaryx, charts from Arcane Research and
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Reports Show Government Intends To Imply Stricter Regulations On Cryptocurrency ATMs



Reports Show Government Intends To Imply Stricter Regulations On Cryptocurrency ATMs

In a press release yesterday, the federal agency stated that crypto kiosks, or cryptocurrency ATMs, played a major role in the increasing crimes. The United States GAO (Government Accountability Office) blames crypto kiosks for increasing drug trafficking and human trafficking.

Their reason, however, was that cryptocurrency ATMs aren’t as restricted as crypto exchanges, making their transactions harder to track. The GAO projects that it can be more difficult to curtail illegal transactions as crypto kiosks are becoming more and more popular in the U.S. and worldwide.

Related Reading | Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments

To salvage these impending problems arising from crypto kiosks, the GAO recommended that the Financial Crimes Enforcement Network (FinCEN) and IRS cooperate to place more effective regulations on crypto ATMs.

Total Market Cap declines by 3% on daily chart | Source:

While observing the challenges in battling crypto-related crimes, GAO explained that the lack of information about crypto kiosks restrains law enforcement’s capability to defeat crime.

Several Agencies Battle Crypto Crimes

In the report, GAO also observes how, globally, cryptocurrencies are used in facilitating crimes and trafficking. Also, agencies have arisen to resist the increase of crypto-associated crimes. These agencies include the Immigration and Customs Enforcement (ICE), U.S Postal Service (USPS), and even the Internal Revenue Service (IRS).

The Irregularities of Crypto Crimes

Although the study shows that crypto-related crimes have upsurged irregularly. Recently, a new report from the crypto research company showed the contrary. In the latter research’s findings, crypto crimes reached their lowest point in 2021-contrary to its increasing volume of the entire blockchain transactions in the year.

Thus, as cryptocurrencies become more adopted, crypto-related crimes will simultaneously increase. However, the expansion of overall crypto transactions is far-outperforming some criminal activity.

Crypto Kiosks And Human Trafficking

The GAO’s report showed that cryptocurrency has recently been adopted as a means of payment for human trafficking. By ‘human trafficking,’ we imply sex trafficking and labor trafficking. More commonly, sex traffickers now adopt cryptocurrencies as a payment option.

Crypto ATMs And Drug Trafficking

The report also stated that after the shutdown of Silk Road-the online dark web market—in 2013, the entire hidden web marketplace has become more secure. Thus, making the marketplace for illicit drugs more difficult for the law to detect. Again, this is because of the growth of smaller marketplaces.

Tightening Gaps Against Cryptocurrency ATMs

The GAO’s problem with cryptocurrency ATMs is that, although the ATM operators must be registered with the FinCEN, they don’t usually notify law enforcement agencies about their ATMs’ locations. That action impedes the federal agencies’ access to locate ATMs in areas stated as high-risk regions for financial crimes.

Related Reading | American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat

Thus, by increasing regulations on cryptocurrency ATMs, the GAO presumes that enforcing the government will access better information. Also, they will be able to locate potentially illegal transactions.

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India’s PM Calls For A Common Global Approach For Tackling Crypto



Cryptocurrencies India

At the WEF’s 2022 Davos agenda, Narendra Modi, Indian Prime Minister, called for a united global stand to tackle the issues emerging from the cryptocurrencies’ increasing adoption. The key takeaway of the Indian PM’s talk was, “A single country cannot tackle the challenges from crypto well enough.”

Call For A Standard Global Approach

Talking for all intents and purposes at the World Economic Forum’s 2022 Davos Agenda on Monday, the Indian Prime Minister discussed several challenges, including a requirement for a common global practice to deal with cryptocurrencies.

He said at the WEF agenda;

“The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges. We have to have a similar mindset.”

Despite not having significant industry regulations and laws for protecting investors, crypto trading in India keeps gaining traction. Due to profoundly different perspectives of crypto industry representatives and financial sector regulators, the government plans to pass a bill in this challenging situation to protect investors better.

The India PM added,

“Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every global agency needs to have collective and synchronized action.”

Modi Government Undecided On Crypto Bill

In December 2022, during the winter session parliament discussion, the crypto bill was the top priority for the debates. Still, the government could not finalize things because it could not stand firm on a few critical issues.

Related Reading | India: A Back & Forth Affair With Cryptocurrency

According to some sources, the government concluded that they would look for worldwide help figuring out a common approach. Still, the authorities have not yet confirmed why they failed to produce the bill to parliament.

Total market cap at $1.977 trillion | Source: Crypto Total Market Cap on

Modi’s Recent Speeches And The Crypto

In the last quarter’s time span, the Indian Prime Minister has spoken at several world forums many times, but he never talked about this issue to the local audience in India.

In November 2021, at the Sydney Dialogue, Modi, in his speech, forewarned that we must protect emerging tech from any mishandling. Likewise, during the US President Joe Biden-facilitated Democracy Summit, Modi said emerging technologies ought to ensure a majority rule system, not subvert it.

Emphasizing his stance on the matter at the WEF’ Davos Agenda 2022, Modi noted,

“He reiterated this stance during his WEF speech yesterday. “That’s why every democratic nation has the responsibility to bring about an emphasis towards reforms in these institutions to make them capable enough to deal with modern challenges in the future.”

The event in question, Davos Agenda of the WEF, is being held from 17-21 this month, January 2022. Several state heads are lined up to address the event.

Related Reading | How India Sees Crypto: Large Exchange Shows 10x Growth In User Base

International organizations, top industry leaders, and civil society will also participate in the summit. It aims at the deliberations on critical challenges that the world faces today and discusses how to tackle them.

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