The Sports NFT market doubled from $1.3 billion to $2.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 36.3% to reach $41.6 billion by 2032, a study from Market Decipher shows. The report states that the shift from physical to digital fired the sports NFT market. Market …
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The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider formally regulating cryptocurrencies. Saudi Arabia’s Changing Position on …
Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm’s XR technology, designed for extended and virtual reality tasks, to design and manufacture silicon to be put in the next line of Meta’s VR application, including future headsets for …
A Nigerian presidential election candidate, Peter Obi, has said the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said if elected, his government will create an enabling environment for other …
Meta, the metaverse-focused social media company, is helping universities get their own virtual reality campuses online. The company will be opening 10 virtual campuses as part of its Immersive Learning project, which seeks to take education to virtual reality environments. In partnership with Victoryxr, an Iowa-based virtual reality education startup, Meta will invest $150 million …
The cryptocurrency market is up by 2% after a difficult previous week. Its total stands at $1.041 trillion, representing a 1.3% rise in the last seven days, and 7.8% drop in the last 30. However, with Ethereum’s Merge on the horizon, the entire market could receive a boost in the next few weeks. It’s likely …
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A crypto analyst who continues to build a following with his timely Bitcoin calls is issuing an alert for BTC holders as the US dollar erupts to a level not seen in two decades. Crypto strategist Kevin Svenson tells his 113,500 Twitter followers that Bitcoin recently broke below its diagonal support that has kept BTC …
The past few years have seen crypto assets moved from being “niche products” to having more of a mainstream presence, prompting the need for more comprehensive regulation of the space, according to the International Monetary Fund (IMF). In a new report authored by IMF capital markets director Aditya Narain and assistant director Marina Moretti, officials noted …
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Crypto exchange giant Binance has confirmed it has no plans to “auto-convert” Tether (USDT) to Binance USD (BUSD) at the moment, though noted that this “may change.” On Sept. 6, the crypto exchange surprised the market with the announcement it will cease trading support for U.S. dollar-pegged stablecoin USD Coin (USDC) on its platform, along …
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Ethereum price action has retraced higher price levels after it rebounded off the lowest band of the Bollinger indicator. And, now signs coming from trading indicators are predicting that this crypto may attain higher resistance. ETH Forecast Statistics Data: ETH current price: $1580.60 ETH market cap: $195.43 billion ETH circulating supply: 122.25 million ETH total …
Lucky Block: 6th September Within the last 24 hours, Lucky Block was able to break the $0.0009000 resistance. However, selling pressure caused the crypto price action to retrace lower support. But, at this point price activity is currently trying to locate strong support above the $0.0009000 price level, and move Upwards from there. LBLOCK’s Current …
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Ethereum Name Service (ENS) domain names have surpassed Bored Ape Yacht Club (BAYC) as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge. According to OpenSea data, the weekly volume of the Ethereum domain NFTs eclipsed 2,249 ETH at the time of writing, beating …
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The Ethereum network’s transition from a proof-of-work (PoW) consensus is likely to flood the crypto industry with out-of-work ETH miners, causing severe disruption to all PoW tokens. Speaking to Cointelegraph, Andy Long, CEO of Bitcoin miner White Rock believes the upcoming Ethereum Merge will force PoW miners to look for greener pastures, such as other PoW …
Continue reading “Ethereum Merge to ‘swamp’ other coins with miners — Mining CEO”
Amid a rise in cryptocurrency-related crimes, Australia’s Federal Police has set up a new cryptocurrency unit to crack down on money laundering, the Australian Financial Review reported on September 5. The new crypto-focussed unit was set up in August after illicit use of crypto increased significantly since 2018, according to Australian Federal Police (AFP) criminal …
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The biggest news in the cryptoverse for Sept. 5 includes Binance ceasing support for USDC, Michale Saylor calling Bitcoin Lightning Network the most important technology and FatManTerra tricking his followers with a fake investment scheme. CryptoSlate Top Stories Binance will stop supporting USDC, certain other stablecoins by Sept. 29 Binance will reportedly cease support for …
