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The NFT business is not at its peak. In January, there were sales on OpenSea – one of the largest NFT marketplaces – for close to $5 billion in January. The year before, it was close to $8 million. However, last month it declined to $2.5 billion. From here, we see NFT is not at its peak. Last month on the NFT marketplace, there were about 635,000 sales. The average NFT was sold at[…]
In the UK, stablecoins would soon become a standard payment method. The UK is on a mission to become the hub for digital payment companies. They are looking to give their people confidence in using digital currencies. As with gold or traditional currencies, stablecoins are a stable form of currency. The UK Treasury, in addition to stablecoins, also mentioned its plan to regulate more digital currencies, but they haven’t specified exactly which ones. In[…]
In this article, we’ll be discussing the crypto price changes that have occurred within the past 24 hours. The market as a whole has experienced an increase of 0.84% taking it to $2.15 trillion, according to CoinMarketCap. Crypto prices are volatile, and various worldwide events of any sort can often change the price. The most popular and number one rated crypto experienced a decrease of 0.25%. It was standing at $46,051.99 on Monday morning[…]
As the cryptocurrency market experiences its highs and lows, Solana gains significantly. It has experienced an increase of 6% over the last 24 hours. During the span of a week, howver Solana gains a 28%.The market as a whole gains 2%, however out of the top ten coins Solana has risen the most. There should be a reason why Solana has been on the rise for the past 24 hours, and we believe[…]
The world’s most expensive artist, Jeff Koons, has revealed his first venture into the realm of non-fungible tokens (NFT). Koons is famous for his series of stainless-steel balloon dogs. Due to his previous career on Wallstreet, he knows his audience and what they will buy. However, regarding his NFT theme, he has chosen sculptures that will “go to the moon.” The project: Koons’ NFT project will genuinely embrace the crypto spirit. Koons has created[…]
Nequi of Columbia is considering stepping into the crypto world. Nequi is a neobank located in Columbia. It is a platform with over ten million customers and they are looking to stand alone. Up until now, they have been working together with Bancolombia, but there are thoughts of separation. Over the years, many neobanks have taken this step of including crypto in their services. A neobank is a direct bank located only online with[…]
Robinhood’s top executive Christine Brown is leaving her spot in the company. She has plans to start her own crypto venture, but the details are still unknown. Brown expresses her thanks to the company in a tweet. “I joined Robinhood when it was under 100 people – before we even offered a crypto product, watching us grow through IPO and serving more than 22m users has been the greatest professional experience of my life.”[…]
India’s parliament Finance Bill that came out in 2022 includes a 30% crypto tax. It is set to take effect in Rajya Sabha, the upper house of the Indian Parliament. India’s Parliament – Modi: Sushil Kumar Modi, one of India’s parliament members, requested the government increase the crypto tax from the 30% it stands. In Modi’s words, “I would like to request the finance minister that the 30% tax that you have imposed on[…]
In today’s article, we’ll be discussing the market capitalization and crypto prices of the week. Bitcoin, the most popular crypto, reached a record high of the year. The coin touched a three-month high of a little higher than $47,000 on Monday, March 28th. This high came after several occurrences impacted the prices of the market. Due to the Russian and Ukraine, the pandemic, and many other factors, the cryptocurrency market went below $35,000 earlier[…]
The Security and Exchange Commission of Thailand announced that from April of 2022, crypto will not be allowed as a payment method. On Wednesday, the regulator mentioned that the use of crypto could negatively affect the economy. They were posing risks to the financial system as well. The SEC went on mentioning more risks. Including loss of value due to volatility, the leakage of personal data, and cyber theft. The decision to ban crypto[…]