Category Archives: Cryptocurrency News

Developing countries in Africa and Asia have the highest level of cryptocurrency adoption

The analytical company Chainalysis conducted a study, according to the results of which the adoption of cryptocurrencies in Africa and Asia is facilitated by the widespread adoption of P2P platforms. The Chainalysis report says the Global Cryptocurrency Adoption Index for 2021 is up 880% thanks to the use of P2P platforms that drive digital asset adoption in emerging markets. Analysts reported that 6 of the 10 countries with the highest cryptocurrency adoption rates are in…

Revenue from games based on NFT for the III quarter of 2021 was $ 2.32 billion

The Blockchain Gaming Alliance (BGA) reported that the market capitalization of the metauniverses in DeFi has reached an all-time high of $ 4.6 billion. The BGA posted a report stating that the blockchain gaming sector continues to grow and dominates the NFT market. Its share in the III quarter of 2021 in the global NFT market was about 22%. According to the report, from July to September alone, NFT gaming revenues were $ 2.32 billion.…

BitMEX will launch its own BMEX token

BitMEX cryptocurrency exchange plans to issue 450 million BMEX tokens in February 2022. Token holders will receive discounts on trading operations and increased profitability from exchange products. BitMEX announced that it will distribute 20% of tokens to employees, 25% will be used to maintain the BMEX ecosystem, and the rest of the assets will be received by users as a reward. New clients of the trading platform will also be able to participate in the…

SBI Group launched a cryptocurrency fund in Japan for private investors

Japanese financial group SBI’s new fund will invest in NFTs and Bitcoin futures ETFs. SBI Group announced the launch of a diversified cryptocurrency fund in Japan, which was founded on December 2, 2021. The fund consists of seven cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Polkadot (DOT), ChainLink (LINK). The maximum investment ratio per crypto asset is 20%, investments will be allocated according to the market capitalization ratio. The company…

Binance Smart Chain Foundation Invests in Crypto Gaming United

The Binance Smart Chain Foundation will provide funding to Crypto Gaming United, a cryptocurrency gaming platform, to develop the Play-to-Earn metaverse economy and create 1 million jobs. With a $ 1 billion investment from Binance Smart Chain Fund (BSC), Crypto Gaming United (CGU) will be able to leverage the emerging Play-to-Earn metaverse economy and increase employment opportunities in the blockchain gaming industry for Crypto Gaming United (CGU). … Metaverse platforms are attracting more and more…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Hackers stole more than $ 30 million worth of cryptocurrencies from Grim Finance

DeFi platform Grim Finance reported that hackers exploited a smart contract error and compromised wallets, withdrawing $ 30 million worth of tokens. Cryptocurrency platform Grim Finance, launched on the basis of Fantom Opera, announced on December 19 on Twitter that it had been subjected to a hacker attack. As a result, more than $ 30 million worth of cryptocurrencies were stolen from the platform. The operator did not provide more detailed information about which tokens…

Optimism Developers announced the full launch of the solution

The developers of the second-tier solution for the Ethereum network Optimism, which previously only had access to certain projects, announced the removal of restrictions. The launch of the main Optimism network took place in July, but only developers from the “white list” could create their projects based on the solution. After quite a long testing, the Optimism developers decided to remove the restrictions and now everyone can deploy their smart contracts on the network. “Optimism…

Bloomberg: “The auction house Sotheby’s for the year sold NFT for $ 100 million”

2021 has already become a record year in terms of sales for the famous auction house Sotheby’s. The sales of collectible tokens, which were sold for $ 100 million, also contributed to the financial results. Auction house Sotheby’s drew attention to the NFT space earlier this year, and the first collectible token sale took place in March. Users could participate in the NFT auction of an anonymous digital artist under the pseudonym Pak. During the…

Luno CEO: “The development of the cryptocurrency industry has exceeded all our expectations”

Luno cryptocurrency exchange CEO Marcus Swanepoel is surprised by the rapid pace of development of the NFT industry, however, the development of digital currencies by the Central Bank and regulation of cryptocurrencies is slow. Marcus Swanepoel said that the rapid development of cryptocurrencies this year was quite natural. However, he did not expect the NFT industry to grow so rapidly. So, in 2021, the Sotheby’s auction house alone sold $ 100 million worth of collectible…