Shiba Inu Enters Into Metaverse

Despite a turbulent week in the intra trading market, Shiba Inu has lifted the spirits of members of the crypto community with some good news. The 12th largest crypto by market capitalization has announced an ambitious plan to build its metaverse.  The popular meme currency’s team announced that they have hired William David Volk to…

Read More

Citadel CEO Kenneth Griffin Claims Ethereum will Replace Bitcoin in Future

Many digital investors have been predicting an event called ‘Flippening’ in the crypto market. This event postulates that the top coin in the market, Bitcoin, is going to be replaced by Ethereum. Citadel CEO Kenneth Griffin has shared a similar opinion on this matter. Griffin was being interviewed by a media recently when he mentioned…

Read More

Active Metaverse Users Rose By 1000% In 12 Months

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…

Read More

According To A Treasury Official, Virtual Currencies Will Have No Influence On US Prohibitions

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…

Read More

India’s Prime Minister Seeks Collaboration Between Democratic Nations Over Cryptocurrency

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…

Read More

US Lawmakers have Persuaded SEC Chairman to Approve Spot Bitcoin ETF

The United States has become a fairground for crypto-related endeavours and launching new ideas and projects around decentralization. Recently the market has been doing extremely nice because of the increasing popularity of crypto in the mainstream media and because of the fact that the Securities and Exchange Commission has finally approved multiple Bitcoin futures ETFs….

Read More

Authorities Of India To Ban Crypto Transactions But Permit Asset Holdings

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…

Read More

Meta CEO Mark Zuckerburg is Optimistic about the Future of the Crypto Market

Mark Zuckerburg is the CEO of social media and tech giant Facebook. He has recently issued a public statement on behalf of his company about the rebranding of the entire social media ecosystem. Zuckerburg issued a video detailed on the concept and vision of the new social media environment that he is planning to build…

Read More

Cross Chain Protocol Wormhole Adds UI Support For Terra

Wormhole, an interoperability protocol based on cross-chain that interlinks blockchains of high value, has recently incorporated UI support aiming at the network Terra (LUNA). A distinct combined interface will allow the consumers to effectively transfer the tokens among Binance Chain, Solana, Ethereum, and Terra. Following the cross-chain bridge of Wormhole is scheduled to take the…

Read More

Barbados Set to Become First Country With A Digital Embassy On Metaverse 

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…

Read More

Ether Network Traffic up 48% after Coin’s 50% Surge

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…

Read More

Bitcoin Surpasses Tesla And Facebook By Market Capitalization, Breaks Into Top Eight

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,…

Read More

The Truth Behind Half A Billion Worth Of NFT Sold On Cryptopunk

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…

Read More

Cryptocurrency Industry Experiences The Largest Investment Inflow in History

 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…

Read More