Gaming is now one of the most profitable sectors of the entertainment industry, with consumer spending in the United States growing 8% in 2021 to top $60.4 billion in revenue. Worldwide, the games market generated an estimated $180.3 billion in 2021, up 1.4%. Within that segment are the hugely popular play-to-earn blockchain-based games, which are …
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Ethereum has proven to be a formidable force. While its major issues have spawned other coins aimed at addressing them, Ethereum looks to shed its old skin with the release of Ethereum 2.0. Despite the fact that Ethereum was created six years after Bitcoin (BTC) and the introduction of blockchain technology, the digital asset Ether …
Continue reading “The birth of ‘Ethereum Killers,’ can they take Ethereum’s throne?”
Cardano (ADA) price has been rebounding after falling to its worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA’s upside retracement could continue in the coming weeks. Can ADA price extend the recovery? ADA’s price has started bouncing after testing the same support area that preceded a 65% bull run in March …
Algorand, one of the leading blockchain networks, has announced a partnership with the 2022 FIFA World Cup to be held in Qatar between November and December this year. Algorand is officially the first official blockchain platform to secure a sponsorship deal with the soccer association. Algorand partners with FIFA World Cup The partnership deal announced …
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The two largest banks in Argentina, Banco Galicia and Brybank, have announced plans to allow their customers to make cryptocurrency purchases. Such endorsement could be a major turning point for crypto adoption in Argentina. Argentina is one of the top countries in Argentina, leading in cryptocurrency adoption. Latin America has witnessed a rising rate of …
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Ethereum whales are exhibiting a pattern of consistent accumulation over the past two weeks. This is a trend reversal going by the past few months, where the price of ETH has been largely affected by whale sell-offs. Ethereum whales are accumulating Data from Santiment, a blockchain analytics firm, shows that Ethereum whales have been on …
Continue reading “Ethereum whales now hold 12% of Ether’s supply”
A luxury fitness gym in New York, Equinox, has announced accepting cryptocurrencies for membership payments. The gym will support crypto payments through BitPay, a renowned crypto payment service provider. New York gym accepts crypto payments The luxury fitness gym will become the first one in the sector to officially endorse cryptocurrency payments. A source close …
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FIFA and Algorand signed an agreement on Tuesday The deal involves sponsorship for the upcoming World Cup tournament in Qatar later this November Algorand will also help the football organization actualize its virtual asset strategy The blockchain startup also plans to provide a crypto wallet solution for the tournament Algorand’s token ALGO pumped following the …
A popular crypto analyst is looking under the hood at a pair of Ethereum (ETH) alternatives to see which one might come out on top. In a new strategy session, pseudonymous Coin Bureau host Guy updates his 2.03 million YouTube subscribers about his expectations for cross-chain interoperability protocol Polkadot (DOT) as well as Cosmos (ATOM), …
The Solana network faced its seventh outage on Saturday, resulting in a downtime of over seven hours. The developer team has released an outage report, along with three key mitigation steps to make the network more stable. The network outage on Solana was caused by a significant surge in the number of transactions due to nonfungible token …
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The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets. As per the announcement, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions. The SEC stated that …
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The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry. Released on Wednesday, the new decree instructs a reorganization of a major presidential agency known as the National Agency for Project Management (NAPM). The authority has previously promoted crypto trading in Uzbekistan, …
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VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday. The VanEck Community NFT, which is based on the Ethereum network, features an illustration of Alexander Hamilton called “Hammy” as he journeys through time and space …
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Crypto.com released an update regarding its reward structure The exchange opted to reduce the reward rate rather than completely halt the program The decision comes a few hours after heavy backlash from the community CRO token prices are still down despite the reversed decision Social media sentiment also remains negative Shortly after canceling staking rewards …
Reports have emerged saying that the Indian tax department is considering imposing an additional 20% tax deducted at source on DeFi, as well as an equalization levy. India already imposes a 30% tax on crypto gains and an additional 1% tax deducted at source. Other countries are also looking at exerting control over DeFi, but …
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