After making a daily high of USD 43,911, Bitcoin is now trying to sustain the USD 42,000 support and is trading at USD 42,344. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to USD 2,952.Letâs deep dive into some interesting Crypto News stories of September 28th.1- Facebook Allotted a $50 Million Investment Fund for its Virtual Metaverse DevelopmentAccording to an official announcement, Facebook has allocated a $50 million investment fund to develop its virtual Metaverse. This investment will be used over the next two years through its XR Programs and Research fund.As stated, the team would work with government and industry experts to work on issues and possibilities in the Metaverse. This Metaverse will empower people to interact with one another, digital objects, and the physical world through their avatar in a virtual environment.Additionally, Facebook has collaborated with multiple universities and non-profit organizations such as the University of Hong Kong, Women In Immersive Tech, and more to deploy this Metaverse ethically.BUILDING THE METAVERSE RESPONSIBLY2- Fantom | Iron Bank Collaboration To Create CBDC for the Republic of TajikistanFantom Foundation, in collaboration with OJSC Orienbank declared to build a Central Bank Digital Currency (CBDC) for the Republic of Tajikistan. Moreover, Fantom is fast, scalable, customizable with near-zero fees transaction finality, making it ideal for DeFi applications and real-world uses.According to an official report, this coalition helps the National Bank of Tajikistan and Orienbank to utilize Fantomâs technology to digitize the Tajikistani Somoni for retail and commercial payments. In addition, the platform will integrate Andre Cronjeâs Iron Bank protocol for seamless, low-fee foreign exchange. Additionally, Fantomâs easy-to-use CBDC would encourage governments to utilize national digital currency.
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