At least one out of four cryptocurrency investors in Japan had an experience of holding nonfungible tokens (NFTs), according to a new survey. Major Japanese crypto exchange BitBank conducted an online survey diving into the NFT investment trends in the Japanese cryptocurrency market. Releasing the survey results on Nov. 25, BitBank said that it polled 2,061 cryptocurrency users within a…
Bitcoin and Ethereum prices are falling as reports of a new COVID variant impact the global financial market. The two cryptocurrencies—which are by far the most popular and well-known cryptocurrencies in the world—are down by 6.5% and 8.1% during the last 24 hours, respectively. Bitcoin, which opened the day at a price of $58,700, is now trading at $54,595. Ethereum,…
During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between 6% to 20%. Global Markets Lurch in Fear Over B.1.1.529…
sponsored Bybit recently launched Flexible Staking on its ByFi Center. This new service allows traders to stake BTC, ETH, USDT, and USDC to earn stable and guaranteed yields. Participants will receive yield every day for their staked tokens. Traders can get started by staking at least 0.01 ETH, 0.001 BTC, 50 USDC, or 50 USDT. For newer traders with a…
A plot of virtual real estate in crypto-powered metaverse Decentraland has sold for a record $2.43 million in cryptocurrency—more than double the previous record of $913,000. The land was sold to NFT-based virtual real estate company Metaverse Group for 618,000 MANA, the native cryptocurrency of Decentraland, according to a statement by Metaverse Group parent company Tokens.com. Per the statement, the…
Play-to-earn is a rapidly emerging niche in the gaming landscape, but it has far wider implications beyond video games. According to a recent World Economic Forum (WEF) report, this new genre could “change how people interact with and perceive traditional socioeconomic structures like financial institutions, marketplaces, and governments,” constituting a “proof of concept for a self-sovereign financial system,” and more…
Basic Attention Token (BAT) rallied to a new record high on Nov. 26 even as global markets plunged in tandem on fears about a highly mutated variant of Covid19 detected in South Africa. BAT’s price surged over 30% on Friday to reach $1.88 for the first time in history, with its market capitalization rising to $2.74 billion. Its climb appeared in…
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group in Russian Parliament to Address…
Governor of the Bank of England, Andrew Bailey, has questioned El Salvador’s decision to adopt Bitcoin as legal tender. “It concerns me that a country would choose [Bitcoin] as its national currency,” Bailey said yesterday during an address at Cambridge University, per Bloomberg. Bailey’s warning follows a long line of previous calls for concern against El Salvador’s Bitcoin policy. In…
The market capitalization of the entire crypto industry has plummeted in the past 24 hours, falling from $2.8 trillion to roughly $2.5 trillion. And though leading cryptocurrencies like Bitcoin and Ethereum have both seen their prices tumble, one token is showing surprising resilience: BAT. Basic Attention Token (BAT) is currently up 9.9%, at press time, after hitting an all-time high…
