Category Archives: Cryptocurrency News

Grayscale: Metaverse  Will Reach $ 1 Trillion In A Few Years

Grayscale estimates that the metaverse will reach $ 1 trillion in annual revenues over the next few years, and the sector will compete strongly with Web 2.0. Grayscale has published a report entitled “The Metaverse, Web 3.0 Virtual Cloud Economies”. The researchers emphasized that metaverse platforms that integrate cryptocurrencies, as well as decentralized finance (DeFi), non-fungible tokens (NFT) and decentralized cloud storage, are attracting more and more users looking for new experiences. After analyzing the…

GBV Capital CEO: “NFT and Bitcoin have similarities”

The head of the Hong Kong-based company GBV Capital for investments in development based on blockchain, Christian Ng, spoke about investments in collectible tokens. He believes that NFT and Bitcoin have a lot in common. In an interview with The Millennial Source, Christian Ng stated that the similarities between Bitcoin and NFT lie in creating a community that brings together people with similar views. He named Bitcoin as the first “NFT” to be issued in…

White hackers helped dYdX exchange secure $ 2 million in user deposits

Decentralized cryptocurrency exchange (DEX) dYdX warned users about the vulnerability of a smart contract launched on November 24. The bugs were found by a “white hacker”. dYdX announced on Twitter that users should withdraw assets from the exchange to their cryptocurrency wallets. “All users who have placed deposits since Wednesday 24 November are advised to withdraw their assets as soon as possible. Your money is not at risk, but must be returned back to your…

Powell’s reappointment as Fed chairman will have a beneficial effect on the cryptocurrency market

Most experts are confident that the reappointment of Jerome Powell as chairman of the Fed will allow the bulls to maintain their previous strategy of investing in cryptocurrencies. Mike Bailey, research director at FBB Capital Partners, believes that this decision will serve as a signal for traders who profit from the rally in the market to stick to the old investment strategy. “For die-hard crypto bulls, Powell’s reappointment could provide some stability as these investors…

European Council approved two proposals to regulate digital assets in the EU

The European Council will form a three-year mandate to negotiate with the European Parliament and work on creating a regulatory framework for the cryptoasset market. The European Union Cryptocurrency Regulation (MiCA) Bill is designed to protect investors and consumers from fraud. It provides guarantees that investors’ money will be safe in the event of a hack. If the authorities consider that specific virtual currency exchange platforms pose a threat, they can ban them in accordance…

Fidelity, UBS and State Street May Launch Cryptocurrency Products

Several large investment companies, including Fidelity, UBS and State Street Global Advisors, are exploring the possibility of launching cryptocurrency products. The Financial Times notes that the volume of cryptocurrency investment products in Europe is over 10 billion euros. The head of SPDR, a subsidiary of State Street Global Advisors for trading exchange-traded funds in the markets of Europe, the Middle East and Africa, Matteo Andreetto, said that the company is actively exploring the cryptocurrency space.…

Stripe Co-Founder Allows Cryptocurrency Payments to Come Back

John Collison, co-founder of American payment operator Stripe, said the company could re-add support for cryptocurrencies if they provide fast and cost-effective transactions. In 2014, Stripe became the first major payment company to integrate Bitcoin. However, in 2018, Stripe stopped processing BTC transactions, citing customers’ reluctance to use it. This was due to increased transaction confirmation times and high fees. As Stripe stated, for regular Bitcoin transactions, the commission can be several tens of US…

How to use proxies when participating in token presales

Buying tokens before listing them on exchanges is an opportunity to make a profit due to the growth in the price of a cryptoasset. The use of proxy servers increases the chances of purchasing tokens with upside potential. One of the ways to generate income in the cryptocurrency industry is to participate in token sales, pre-sales of cryptoassets of various projects before they appear on cryptocurrency exchanges and trading platforms. Project creators conduct a pre-sale…

Authors of the ArtWars project are outraged by the inconsistent sale of their works in NFT on OpenSea

British artists are unhappy that their Art Wars work has been sold for $ 6.7 million in NFTs on the OpenSea platform without their consent. Photographer David Bailey and sculptor Anish Kapoor claim that curator Ben Moore posted their artwork on the OpenSea marketplace as non-fungible tokens earlier this month. We are talking about the collection of stormtrooper helmets from “Star Wars”, owned by the Art Wars project, and on which more than 300 designers…

El Salvador will invest $ 1 billion in the opening of Bitcoin City from the sale of bonds

El Salvador President Naib Bukele announced plans to launch Bitcoin City. The project aims to ensure the development of the cryptocurrency industry and other technological and social initiatives in the country. This was announced by Nayib Bukele at the Bitcoin Week conference. Notable cryptocurrency companies will also participate in the development of Bitcoin City, including the Bitfinex exchange and the Blockstream technology company. El Salvador will invest $ 1 billion in bond sales to open…