Cryptocurrencies rally on Facebook's 'Meta' rebrand
CNN
Facebook announced its company rebrand just last week, but a little-known cryptocurrency is already rallying in anticipation of an expanding metaverse.
On Saturday, mana, a gaming cryptocurrency used to buy and sell virtual land, surged to a record high of $4.16, more than 400% above where it was valued earlier in the week. It's total market value reached a high of $7.52 billion. It has since fallen to about $2.99 per token as of Monday afternoon, with a total value of about $5.5 billion, according to CoinMarketCap.
The little-known crypto was established in 2017 as the national token for Decentraland, a virtual reality platform where users can buy and sell digital properties that they can navigate through and build on.
Senate Democrats have confirmed some of President Joe Biden’s picks for the federal bench this week in the face of President-elect Donald Trump’s calls for a total GOP blockade of judicial nominations – in part because several Republicans involved with the Trump transition process have been missing votes.
Donald Trump is considering a right-wing media personality and people who have served on his US Secret Service detail to run the agency that has been plagued by its failure to preempt two alleged assassination attempts on Trump this summer, sources familiar with the president-elect’s thinking tell CNN.