Dubai Creates Committee to Help Cement Its Position as ‘Key City in the Metaverse’

The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the metaverse.” Dubai Rulers’ Vision The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown … Read more

Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins

Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second to Ethereum in terms of total value locked. Today, the remaining … Read more

Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says … Read more

Top 3 Metaverse Crypto Coins Below $8 Million Market Cap to Watch in May 2022

Cryptocurrency markets continue to trade sideways this weekend, with Bitcoin and Ethereum managing to hold support. Metaverse crypto coins are highly undervalued, making it an excellent opportunity to accumulate and Dollar-Cost Average various projects that could show significant price growth once the market stabilizes. Let’s look at our pick of the top three Metaverse crypto … Read more

Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says

President of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has no underlying asset. It should be regulated to prevent people from losing their life savings by speculating on crypto assets, the top ECB official has suggested. Cryptocurrency Is ‘Worth Nothing,’ ECB Governor Claims The head of the eurozone’s … Read more

Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000 to Start the Weekend

ETH started the weekend trading below $2,000 as the price consolidation in crypto continued. Bitcoin is also trading lower during Saturday’s session, with the world’s largest cryptocurrency once again falling under $30,000. Bitcoin Following marginal gains above the $30,000 level during yesterday’s session, BTC once again fell below this point. Friday saw BTC/USD trading at … Read more

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