A new Grayscale analysis has shown that making the metaverse more widely adopted might be a $1tr market by 2029. Two of Grayscale’s top analysts, David Grider and Matt Maximo, headed the research. An Interlinked Crypto-Based Metaverse The angle of their analysis was an interlinked crypto-based metaverse like the Decentraland. Using current metaverse user data…
A day after SHIB holdings on the major wallets on the Ethereum Network reportedly dropped 4%, another whale trader has capitalized on the dip to purchase more Shiba Inu tokens. The whale-tier address announced entry with $36M worth of SHIB bought. The correction on the crypto market is still going on, with many whales abandoning…
Avalanche defied the general downward movements in the cryptocurrency market to keep making new gains. Late yesterday the altcoin reached new highs of $146. The token also edged out Dogecoin in the top ten cryptocurrency list. The token grew in value by 20% yesterday to reach these new highs. The move meant the coin grew…
US Deputy Treasury Secretary, Wally Adeyemo, has stated that central bank digital currencies (CBDCs), such as Russia’s digital Ruble, do not constitute a danger to United States prohibitions. In an appearance with CNBC on Wednesday, Adeyemo asserted that the United States Dollar will endure being the predominant world currency despite the rapid growth of digital…
India’s stance on digital currency is difficult to describe. The nation’s legislature is yet to develop crypto policies on the regulation of the digital asset space. After several executive meetings, including discussions with top stakeholders, and worries from the country’s apex bank, pm Narendra Modi is becoming outspoken about the issue. During a virtual interview…
The home court for the LA Lakers is about to undergo a rebranding. In a headline-grabbing move, Crypto.com, a cryptocurrency exchange based in Singapore, will take the place of Staples. It recently purchased the title rights to the famous Los Angeles court. The branding will go up on Christmas day. A Lakers home game is…
According to Reuters, cryptocurrencies like Bitcoin and Ethereum will be banned from being used for transactions in India, but they may still be retained as assets like gold, stocks, and bond holdings. Per respondents who are aware of the government’s strategy, cryptocurrency will be allowed to operate in India. Concerns that unregulated cryptocurrency exchanges could…
Genopets is an NFT game that has brought a twist to the already revolutionary world of NFT games. It is the first NFT game to employ the move-to-earn concept. It pays gamers to stay active. In recent times NFT games like Axie Infinity have gotten more recognition. The reason is that these games allow the…
Like cryptocurrency, metaverse has frequently made the headlines since the start of 2020, thanks to Facebook’s vision to create a more sociable environment in 3D. It is now one of the most talked-about topics, particularly amongst the tech-savvy population. While the concept is not typically new anymore, it’s on its way to becoming a significant…
Ethereum’s surge has continued, with a total increase of 50% since the beginning of October. The recent traffic surge implies that Ether’s on-chain and trade data have followed suit, and can provide additional clues to market participants. According to the statistics presented, Ethereum’s network traffic has gotten extra momentum and has begun to catch up…
As Bitcoin enters its most exciting phase since its inception, it has become necessary for more mining facilities to be established. It has become increasingly expensive to mine bitcoin as the mining conditions have become more complex than it was a mere five years ago. For this reason, Bitcoin mining companies are adopting more efficient…
Introducing Coinrise Transitioning towards a world dominated by digital assets is an uneven process, which creates a lot of volatility and uncertainty. For the time being, the focus is on Bitcoin, Ether, and the broad altcoins markets, as opinions are divergent in terms of whether these decentralized assets will manage to replace the current monetary…
Flagship cryptocurrency Bitcoin has surprisingly broken into the top eight assets by market capitalization following Monday’s market rally. Bitcoin hit the number eight spot with a market cap of $1.25T, surpassing Elon Musk’s Tesla and Facebook. Bitcoin’s current $1.25T market cap was enough to beat the renowned motor company Tesla and gain more against Facebook,…
Cryptopunk’s NFT collections have sold multiple millions repeatedly, despite most of them being simple pixelated personas. Recently, the NFT marketplace recorded another $0.5B sales of NFTs. But Bloomberg has revealed that there is more than meets the eye in this particular sale. The Problem? Cryptopunk 9998, which contains a unique green-eyed pixelated character, was sold…
The cryptocurrency industry is currently experiencing the largest inflow of funds of all time and this inflow is mainly to Bitcoin. This large inflow into the cryptocurrency industry is coming after the approval of the Bitcoin futures ETF. ETF products are sought after by investors as they are convenient. Most of the inflows has been…
Al Ansari Exchange to join with RippleNet, this was announced yesterday by Ripple. RippleNet is the global cloud based financial network technology of Ripple while Al Ansari exchange is a foreign exchange based in the United Arab Emirates. The Blockchain technology has provided a unique opportunity to send remittances across the world in real-time. Blockchain…
The statistics are in, and the Bitcoin Derivatives ETF had the year’s largest launch, by a long shot. We must “remove ETFs whose Day One turnover was simply one pre-planned large buyer or BYOA,” but this is reasonable. The ProShares Bitcoin Strategic ETF appears to have risen to the pinnacle organically, through genuine transactions by…
In a day that has seen the price of DOGE increase, traders of the memecoin have also profited from the rise. According to on-chain analysis IntoTheBlock, there’s a significant growth of the network, with transaction size also increasing due to the rise in DOGE price. IntoTheBlock reveals that when there’s a change in price of…
On-chain data provider, Glassnode, has revealed that 95% of the crypto market is currently in the green. This comes on the heels of a recent surge in the price of Bitcoin. The flagship cryptocurrency had moved beyond $55k increasing the number of profitable entities by 16%, Glassnode revealed. Glassnode uses this indicator to determine the…
Short video platform, TikTok, has revealed via a new announcement its intention to blaze the trail in the NFT space. TikTok will drop its first NFT collection by October 6th. The mobile video application is partnering with celebrities with NFT experience on the new release, it shared in a Friday announcement. TikTok has also partnered…
Popular Bitcoin critic and CEO of JPMorgan, Jamie Dimon, has opined that the price of the flagship currency could hit 10x in the future but doesn’t have any intentions of investing in the cryptocurrency. Dimon, who made the revelation in an interview with the Times of India, further said he doesn’t “really care about bitcoin.”…
United States Senators have reportedly introduced a new bill to Congress to align the country with global crypto regulations. Senators Maggie Hassan and Joni Ernst introduced the bill intending to get America up to speed as per crypto regulations. The new bill requires the United States Treasury Department to submit reports on the recent situation…
Despite recording an all-time-high this week, Elon Musk’s much-talked-about crypto Dogecoin witnessed a decreased level of transactions for the first time since 2017. According to BitInfoCharts data, the meme coin dropped to 16k daily transactions, a figure that contrasts the rise in DOGE. The last time DOGE had a price frenzy in the market was…
Briefly – UNI’s price faced obstacles around $21.51, slowing down its recovery. RSI displays a bullish divergence, indicating a 20% upsurge. Meanwhile, breaking under $18.37 will nullify the bullish case. Uniswap sees it price ready for consolidation after meeting a massive resistance obstacle on its path to recovery. Though the slowdown in momentum might be…
According to its latest data, the fear & greed tool, which is hugely popular among crypto traders, suggests that there is investor phobia over the digital asset space. The tool’s current value of 27% is the lowest over the last 12 weeks. Often, analysts combine the information from this index with other technical tools to…
