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Qualcomm, one of the world's leading fabless mobile chip manufacturers, is bullish on the metaverse's future prospects for businesses and consumers. While there is more work to be done in the development arena, Qualcomm CEO Cristiano Amon feels that this development is real and will provide a huge opportunity for those involved.

NASA, the United States' space agency, has teamed up with Epic Games, the creator of Fortnite, to offer a challenge for developers to help create a Martian metaverse experience. Among the challenges will be building numerous essential habitats for Martian astronauts, which will be recreated using Epic Games' Unreal Engine 5 to provide a realistic environment.

The Indian government is apparently considering levying a 28 percent GST on all cryptocurrency transactions. 'At the moment, just a portion of the services offered by crypto exchanges is taxed. One tax expert warned that taxing the entire transaction at a higher rate of 28 percent may send the markets into free collapse.'

At the time of writing, the LUNA token was down 52% on the day, while UST was trading at $0.76.

Long future traders suffered significant losses after bitcoin and ether hit key support levels.

Instagram intends to convert NFTs into a revenue cow with its millions of creators and billions of users.

Following the revelation, the project's floor price has plummeted.

UST's salvation may have worsened a bitcoin sell-off that dropped BTC to its lowest price since July 2021 by drawing into its bitcoin holdings.

Venezuela's government is now concentrating its efforts on establishing the bolivar as the country's preferred currency for purchases. Several experts believe that this is a risky investment in a country that has just emerged from hyperinflation and is still experiencing high inflation. However, the implementation of a 3% tax on foreign currency and cryptocurrency expenses is having some effects in this area.