Earlier in the year, many people had little to no understanding of what the metaverse was or how it was going to operate, not to talk of the economic opportunity present in the space. However, since Facebook changed its name to Meta and revealed that the new focus of its business would be the metaverse, …
Yearly archives: 2021
Sidus Heroes CEO Dan Khomenko Talks About the Economics of Play-to-Earn Blockchain Games, NFTs and the Metaverse
SIDUS HEROES is the first ever WEBGL, AAA-level, Play-to-Earn, NFT and MMORPG game. The game is set in a space metaverse at a time when technological advancements have reached the level of merging with all living beings. All characters belong to one of several blockchain races and embody that chain’s strongest attributes. Dan Khomenko is …
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns
Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures were a consequence of “business-related considerations in the evolving regulatory environment.” …
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Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges
Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing. Uzbekistan Loosens Restrictions on Domestic Crypto Trading Uzbekistanis will be able to trade digital currencies …
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Altcoin Project Explodes 650% After Crypto Giant Coinbase Announces Partnership
An under-the-radar altcoin project is melting portfolios after partnering with the top US crypto exchange Coinbase. In a new announcement, Coinbase says it will work alongside developers of the cryptocurrency wallet platform Bread (BRD). The move will soon give current users the option to custody their holdings on Coinbase Wallet. “We have great news – …
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Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M
Bitcoin (BTC) shed almost $5,000 in a single day on Nov. 26 as bulls faced fresh disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingv Bitcoin targets $54,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed towards $54,000 at the time of writing amid intense volatility. Holders saw major selling pressure after coming …
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Two MAS-regulated Bitcoin funds launch in Singapore
Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by the Monetary Authority of Singapore (MAS). The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional investors, Fintonia announced on Nov. 25. The Fintonia Bitcoin …
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New German government cites crypto in coalition agreement
The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Three German political parties agreed to a coalition deal this week that will see left-leaning Social Democrats (SDP), the Green Party and the right-friendly Free Democrats (FDP) take the reins from …
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South Korean regulator proposes strict new rules for token issuers
South Korea’s Financial Services Commission (FSC) has issued a report outlining its new definition of cryptocurrencies, along with proposed procedures for token issuers and punishments for non-compliance. The mooted rules could impose onerous regulations on individuals or platforms that mint non-art NFT’s intended for trading, as well as decentralized finance projects among others. The Nov. …
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Thai lawmakers urged to approve tourism crypto to entice digital nomads
A push in Thailand to boost gross domestic product (GPD) by targeting crypto digital nomads is coming closer to fruition according to local media. The Tourism Authority of Thailand (TAT) has been looking into launching its own utility token called TAT Coin since September as part of a planned “cryptourism” campaign. The initiative aims to …
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Report claims each Solana TX uses less energy than 2 Google searches
A transaction on the Solana network takes less energy than two Google searches, and 24 times less energy than charging your phone, according to a Nov. 25 report by the Solana Foundation. The report states that a single transaction on its network uses 0.00051 kWh, or 1,836 Joules, of energy. According to Google, an average …
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Bitcoin (BTC) Price Prediction: BTC/USD Lacks Buyers at Higher Price Levels as Bitcoin Faces Strong Rejection
BTC/USD Is Unable To Sustain Above $60k as Bitcoin Faces Strong Rejection- November 26, 2021 On November 25, BTC/USD rallied to $60,000 resistance zone as Bitcoin faces strong rejection. BTC price rallied to the high of $59,200 as price reached the overbought region. Presently, the BTC price is retracing from the recent high. Bitcoin is …
Linkin Park frontman Mike Shinoda to launch music NFTs on Tezos
Analyst: Downside may be imminent for Chainlink and Tezos, April’s top crypto trades Prior to late last week’s rally to $7,800, Bitcoin was stuck in a consolidation pattern for weeks on end, trading in a 10 percent range for what was literally weeks. 3 min read → Go to Source
Metaverse ‘land sales’ come to Polkadot via PolkaStarter
Polkadot launchpad platform Polkastarter announced yesterday that will begin offering real estate land sales. According to the company’s announcement, the first NFT metaverse Land Sale will take place next week on Polkastarter, enabling users to snap up real estate from the best metaverse projects. Buying virtual land is now as easy as buying tokens Given …
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Ban or No Ban: Conflicting Reports on Crypto Regulation Coming Out of India
Ever since the Indian government listed a cryptocurrency bill to be taken up in parliament during the upcoming session that starts next week, much debate has transpired about whether the government will ban cryptocurrencies, such as bitcoin and ether. Crypto Regulation Is Coming but There Are Conflicting Accounts About What Is In It Indian crypto …
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