BARCELONA, SPAIN – FEBRUARY 21: People use Samsung Gear VR during the presentation of the new … [+]
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Cryptocurrency-based content platform MContent, based in Dubai, has partnered with PricewaterhouseCoopers (PwC) to produce a documentary about the ongoing Ripple vs. SEC case in a virtual theater at the Metaverse.
MContent created the piece with Insight TV and Villain Studios. Ripple vs SEC was launched via MContent’s Cineverse, a virtual experience within the metaverse that requires viewers to use the Oculus VR headset or augmented reality glasses to view. The virtual theater was created with PwC’s Middle East-based emerging technologies team.
The company showcased both Ripple vs. SEC saga and El Salvador vs. World Bank at a launch event in Dubai.
In a statement, Umair Masoom, Founder and CEO of MContent, said: “The immersive cinematic experience, developed in collaboration with PwC and brought to our guests today, has global scalability and mass adoption capability. By bringing Cineverse to a global audience, MContent aims to improve financing and screening opportunities for thousands of independent filmmakers worldwide.”
“As part of the decentralized ecosystem, MContent is launching the first fully monetized content consumption platform of its kind, aimed at generating sustainable revenue for content creators and viewers.”
Reza Essop, PwC Middle East’s Emerging Technology Leader, added: “This is a brilliant example of the region’s movement towards digital transformation and aligns with major broader initiatives such as Dubai Vision 2030.”
“MContent has defined a practical application of the new technology with the convergence of Blockchain, NFT and Extended Reality (XR). We are incredibly proud to have facilitated this effort and enabled this vision from concept to reality and into a sustainable commercialized economy that can benefit many and lead the way for other out-of-the-box endeavors.”
The case and the future
The Ripple vs. SEC case includes a case brought by the Securities Exchange Commission in 2020 against blockchain firm Ripple Labs. The SEC accused Ripple of generating $1.3 billion in unregistered securities for digital assets by using its digital coin XRP.
The SEC’s main problem is that it believes XRP is a security and not a currency, making it eligible for very specific legislation that would challenge its — over $1 billion — unregistered securities offering.
However, with multiple procedural victories and one concrete win in the case that will allow evidence of a transcript of SEC official William Hinman saying in court that “cryptocurrencies are not securities,” the momentum appears to be with Ripple. One of the company’s defense attorneys is former SEC Chair Mary Jo White.
Investing and doing business through cryptocurrencies is still being legally settled as there have been numerous high-level disputes over the legitimacy and categorization of the sector.
Endotech, founded by Dr. Anna Becker and Dmitry Gooshchin, tries to streamline the nuances surrounding trading and involvement in cryptocurrencies.
The EndoTech founders Dr. Anna Becker and Dmitry Gooschin with the EndoTech logo in the background.
EndoTech
The Company offers algorithmic automated trade executions for investors. The solution applies artificial intelligence to read market trends and automatically identify and execute trades based on opportunities found. These trades are then syndicated across all member accounts.
With endless tales of huge returns in explosive markets like crypto, traders have whetted an appetite for higher risk/reward opportunities, but also want to ensure compliance is maintained in the process.
“These are new financial vehicles for private customers. They offer a breakthrough financial opportunity never before available to retail investors,” says Dr. Becker.
Thanks to a secure `I connection, their clients have full control over their accounts and enjoy the peace of mind of pre-programmed algorithms to read market trends.
Retail investors can therefore benefit from groundbreaking financial results. With more than 160,000 retail accounts subscribing to EndoTech’s automated strategies, a real movement in accessing hedge fund-type tools has begun. And the results have so far been better than even the best institutional results.
The company currently has over 160,000 retail customers subscribing to its automated system. The standard of transparent trading reports and results is what the company wants to bring to a market filled with scrutiny.
Dmitry Gooshchin, co-founder of EndoTech, adds: “Finally, we are providing the technology that enables all investors to harness the potential of markets like cryptocurrencies in a more disciplined manner.”
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