Cryptocurrency Financial News

When Entertainment And Fashion Brands Joined The Metaverse

cryptocurrency. Now, suddenly, it's inescapable. Look one way, and there are Matt Damon and Larry David doing ads for crypto startups. Swivel your head — oh, hey, it's the mayors of Miami and New York City, arguing over who loves Bitcoin more. Two NBA arenas are now named after crypto companies, and it seems as if every corporate marketing team in America has jumped on the NFT — or non-fungible token — bandwagon. (Can I interest you in one of Pepsi's «Mic Drop, genesis NFTs? Or maybe something from Applebee's „Metaverse Meals, NFT collection, inspired by the restaurant chain's “iconic, menu items?) Crypto! For years, it seemed like the kind of fleeting tech trend most people could safely ignore, like hoverboards or Google Glass. But its power, both economic and cultural, has become too big to overlook. Twenty percent of American adults, and 36% of millennials, own cryptocurrency, according to a recent Morning Consult survey. Coinbase, the crypto trading app, has landed on top of the App Store's charts at least twice in the past year. Today, the crypto market is valued at around $1.75 trillion — roughly the size of Google. And in Silicon Valley, engineers and executives are bolting from cushy jobs in droves to join the crypto gold rush.

The global cryptocurrency market-capitalisation tumbled 1.68 percent over the last 24 hours to stand at $1.86 trillion, while trading volumes dipped 5.61 percent to $77.97 billion during this period.

Metaverse and education: How effective can virtual reality be in learning?

Qatar central bank is exploring the possibility of a Central Bank Digital Currency

cryptocurrency and the increasing use cases that investors have noticed have compelled many of us to invest in digital assets. Large returns noticed by currencies like bitcoin and other cryptocurrencies in recent years have pumped up the demand, making the market all the more volatile. In such a market, how does one reduce the risk and maximize their return? That’s when stablecoins come into the picture. Stablecoins, simply put, are cryptocurrencies with very little volatility and stability in prices, as they are backed by cash and cash assets, keeping their prices predictable with minimal risks. Since the chance of a cryptocurrency going from a million dollars to insignificance is a possibility in a very short span of time, stablecoins are used to cover the bridges between fiat & crypto for payments, lending, trading and alternative banking transactions. However, currencies such as bitcoin and ethereum are highly volatile as they grow and fall in erratic patterns. This is something stablecoins eliminate. But given its nature of being backed by fiat itself, it raises the question of whether a stablecoin is indeed a cryptocurrency or a digitized version of fiat currency. Your guess here is probably the same as ours. Stablecoins fall in the grey area, drawing similarities from both the worlds.

Government working on classification of cryptocurrency under GST law: Report

Bitcoin to the rescue: cryptocurrencies' role in Ukraine

The global cryptocurrency market capitalisation rose 0.16 percent over the last 24 hours to stand at $1.88 trillion, while trading volumes fell 14.95 percent to $82.43 billion during this period.

The recent boom in non-fungible tokens (NFTs) has altered the art industry. It has brought millions of people into the market, who now regard a digital work of art as a collector's item.

Orai Robotics, an artificial intelligence company, recently revealed that it had given all its employees over 50 non-fungible tokens (NFTs) as a reward. 

MakeMyTrip Launches NFTs To Reimagine Indian Tourism

Crypto firm FTX founder slams crypto industry messaging on Russia sanctions

Binance says users in Ontario restricted from using its platform - regulator

US officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume is too small to play a big role in helping Moscow evade sweeping sanctions, a senior Treasury official said on Friday.

trading mixed in Friday's trade, with Avalanche climbing over 5 per cent but others such as Solana, Terra, Polkadot and Shibu Inu falling up to 3 per cent each in the last 24 hours. Bitcoin, the largest crypto by market value, was trading 1.34 per cent lower at $40,556. It was still up 5.6 per cent in the last seven days. Ethereum edged 0.44 per cent higher at $,2783. The second largest cryptocurrency by market value has risen 9.4 per cent in the last one week. BNB added 1.19 per cent, XRP fell 0.23 per cent while Terra declined 2.99 per cent.

Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike.

Quick fundraising in cryptocurrencies, an army of volunteer hackers, and a strong voice on social media have all helped Ukraine put up an unexpectedly strong front against Russia’s invasion over the past three weeks.

U.S. officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume is too small to play a big role in helping Moscow evade sweeping sanctions, a senior Treasury official said on Friday.

ConsenSys' valuation more than doubled to over $7 billion after its latest funding

The Argentinian Senate, the upper chamber of the country’s parliament, has voted to approve a USD 45bn debt deal with the International Monetary Fund (IMF) in a move designed to prevent Argentina’s default.