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A survey published by Globant, a software development firm, and Yougov, found that most gamers believe that metaverse will change the gaming industry in a positive way. The survey, which consulted the opinion of 1,000 PC, console, and mobile gamers, also found that most gamers are still uncomfortable with advertising on the metaverse and that … Read more
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners … Read more
Cryptocurrency markets are in the green today, following a sideways trading market most of last week. Bitcoin price is up over 3% in the past 24 hours, currently trading at $21.3k, while Ethereum price shows a significant upside of 12.85% in the past 24 hours, trading at $1,356 at the time of writing. Is this … Read more
A majority of the financial pyramids identified in 2022 used cryptocurrencies in one way or another, Russia’s central bank announced in a new report. Amid Western sanctions, Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access to crypto assets. Russian Pyramids Take Advantage of Western Sanctions … Read more
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide Europeans with “easy access to central bank … Read more
With the weekend upon us, cryptocurrency markets continue to trade sideways as the global crypto market cap remains above the $900 billion level, BTC holds above $20k, and ETH remains above $1.2k. With the stock market closed this Saturday, it is no surprise that crypto markets remain relatively quiet with little volatility. Key Points: Markets … Read more
Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens backed by real-world assets, acting as a platform to facilitate their … Read more
Bit2me, a Spanish cryptocurrency exchange, is looking to absorb customers of 2gether, another Spanish exchange, after the company blocked access to its trading platform. Bit2me will pay the €20 fee that 2gether imposed on its customers to continue trading on its platform. The customers will be able to keep trading on Bit2me’s platform, having their … Read more
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” President Putin Approves Legislation Banning Digital Asset Payments in Russian Federation Russian President Vladimir … Read more
After a relatively mellow week of sideways trading and cryptocurrency prices managing to hold support despite mounting bearish momentum, the global crypto market is up over 5% today, with the overall capitalization at over $930 billion at the time of writing. Bitcoin is up over 5% trading above $20k, while Ethereum and Solana prices soar … Read more