Metaverse Group, which is headquartered in Decentraland, announced on Nov. 23 that it had completed what it calls “the largest Metaverse land acquisition in history.” The subsidiary of Tokens.com snapped up 116 parcels of land “in the heart of the Fashion Street district” in Decentraland. The total size of the land purchased is equivalent to …
Yearly archives: 2021
Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members
Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies. The fund has more than $46.8 billion worth of assets under management (AUM) and around 1.8 million members. Superannuation is the equivalent of a 401k or Individual Retirement Account in the U.S. and is compulsory …
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Floki’s logo to appear on league-topping SSC Napoli’s match jersey and stadium
The team behind the Floki Inu (FLOKI) token — inspired by Elon Musk’s pet dog of the same name — has signed a sponsorship deal with Italian football giant S.S.C. Napoli. S.S.C Napoli was founded in 1926 and is one of the most popular professional teams in Italy. The historic club won its first Serie …
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Here’s Why the Ethereum ‘Flippening’ Is Inevitable, According to Macro Guru Raoul Pal
Real Vision founder and CEO Raoul Pal believes Ethereum (ETH) will emerge with a larger market cap than Bitcoin (BTC) in the future. Pal says in a new interview with Hedgeye CEO Keith McCullough that the Ethereum/Bitcoin “flippening” could happen as soon as this market cycle, right before the market turns bearish again. Ethereum’s …
Billions exited DeFi protocols last week, but newcomers like Cronos Chain show growth
Total value locked (TVL) across all platforms went down from $273 billion to $261,2 billion last week, according to DeFiLlama. At the time of writing, Cronos Chain TVL hovers around $781 million, up almost 41% during the past 7-day period. Meanwhile, Avalanche TVL rose 23%. Avalanche ATH Price, volume and volatility indexes were all down …
The Immersive P2E Market with NFTs
In today’s digital world, gaming has become more relevant, with an average gamer spending over eight hours per week in the digital realm. With the introduction of cryptocurrency to the gaming sector, a new model of gaming has emerged called the Play-to-Earn model. The Play-to-Earn model, as the name suggests, is designed to help players …
Top Banking Regulator Nominee Concerned About Tech Giants Controlling Crypto, Undermining Economy: Report
Saule Omarova, President Joe Biden’s nominee for Comptroller of the Currency, is troubled by the prospect of the US dollar being circumvented and replaced by private digital currencies. While giving testimony before the Senate Banking Committee, the Cornell Law School professor says she is particularly concerned that big tech companies might utilize cryptocurrencies to consolidate …
Billions exited DeFi protocols last week, but newcomers like Cronos Chain show growth
Total value locked (TVL) across all platforms went down from $273 billion to $261,2 billion last week, according to DeFiLlama. At the time of writing, Cronos Chain TVL hovers around $781 million, up almost 41% during the past 7-day period. Meanwhile, Avalanche TVL rose 23%. Avalanche ATH Price, volume and volatility indexes were all down …
Avalanche fees spike to $10 as backers ironically criticize Ethereum
Transactions fees on the Avalanche blockchain surged to record highs yesterday, briefly reaching as high as $10. And while $10 seems like a bargain when compared to the astronomical fees users often encounter on Ethereum, many found the 10x increase in transaction costs unacceptable for a blockchain coveted for its affordability. Avalanche keeps breaking its …
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November Crypto Market Turbulance Shakes Holders To Their Core
With an average 6% loss and a 10% correction in the weekly chart for Bitcoin, Cardano (ADA), XRP, and others, the crypto market has been trading in choppy waters for the past days. The uncertainty has brought a change in the sentiment, as traders prepare for further downside. BTC trends downwards in the 4-hour chart. …
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Regal to partner with Flexa to enable digital currency payments in theatres
On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets, food, and beverage. Regal will accept a wide variety of coins and tokens, such …
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IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use …
Exodus wallet integrates with SportX to enable esports betting with crypto
Cryptocurrency wallet Exodus has officially integrated with SportX, an online sports and crypto betting platform, giving users the ability to wager on esports games through smart contracts executed on the Polygon network. The partnership, which was announced Tuesday, gives Exodus’ more than 1 million users access to SportX’s decentralized betting exchange where they can place …
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IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use …
Why This Crypto Billionaire Abandoned Ethereum
Ethereum which is the second-largest cryptocurrency project in the globe has enjoyed the support of major and big-time investors in recent years. Its growth over the last year has helped to further reinforce why investors tend to choose the altcoin over Bitcoin. One of those who have supported Ethereum openly and majorly in the past …
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