“Building an entire city has proven to be a significant task, but we are hopeful that with the addition of immersive locations, Rome will feel more alive than ever,” Dom Ryder, founder of vEmpire, said in a press release. “This is vEmpire’s greatest build yet, which will be based in ancient Rome plus have our sci-fi metaverse assets.” Source
The Russian central bank is looking to ban cryptocurrency investments in the country, according to a Reuters report. The central bank is in discussions with market players regarding a possible ban. If approved by lawmakers, the ban would only apply to new purchases of crypto assets not to past purchases, the report added. Russia has been vocal in its stance against against cryptocurrencies, stating that the asset can be used for money laundering or to finance terrorism. Bank of Russia’s current position is a “complete rejection” of all cryptocurrencies, the…
Trading app Robinhood has announced that its users will be able to gift friends and family crypto over the holiday season. In a Thursday announcement, Robinhood said its users — with the exception of those in Hawaii and Nevada — could send as little as $1 in Bitcoin (BTC) or six other cryptocurrencies with a personalized digital card starting on Dec. 22. To ensure the crypto is not lost by a recipient unwilling or unable to use it, the trading app has set up a 14-day window to accept the…
Wallets that take out some of the steps in exchanging assets can help investors act on market opportunities quickly. Freewallet offers a family of mobile-first cryptocurrency wallets with built-in functionality for buying and exchanging cryptocurrency assets. Freewallet launched its first offering back in 2016 at the beginning of the cryptocurrency boom. Following this period of growth, the platform has now reported over 3 million users. Looking forward to today, the Freewallet family now includes solutions for over 100 different cryptocurrencies, each of which is available for iOS, Android and desktop.…
Popular zero-commission trading app Robinhood is adding a feature so users can gift crypto to friends and family. The feature will be operational for all customers starting Dec. 22, except those in Nevada and Hawaii, where Robinhood Crypto is not available. Source
“Despite bitcoin’s recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs,” said Marcus Sotiriou, an analyst at the U.K. based digital asset broker GlobalBlock. “Also, since the $69,000 all-time-high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing a 26.2% increase in coin holdings.” Source
The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swanepoel, CEO of cryptocurrency exchange Luno. Swanepoel recently remarked: “We knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some altcoins.” Subsectors at ‘Top of Their Hype Cycle’ The acceleration of the crypto industry in 2021 surprised some players in the space, including Marcus Swanepoel, co-founder and CEO of crypto exchange platform Luno. Although Swanepoel notes this acceleration was expected, he nonetheless concedes that the pace of the growth…
Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency. Myanmar’s NUG is a shadow government run by the supporters of Nobel Peace Prize winner Aung San Suu Kyi. As Cointelegraph reported on December 13, NUG announced Tether’s USDT as official currency for local use in an official Facebook post. The finance minister claimed that USDT would offer much needed trade and transaction efficiency. In an official blog post, Tether commended the decision…
When people think of nonfungible tokens (NFT), the most popular collectibles such as CryptoPunks, Bored Ape Yacht Club and Decentraland usually come to mind. Beeple’s digital artwork that sold for millions will most likely ring a bell, and most recently, gaming came together with the Metaverse to usher in an altcoin season. However, one particular type of nonfungible token that rarely gets looked at is music NFTs. With NFT sales raking in billions of dollars across other categories in 2021, music NFTs seem to have lagged behind. According to Cointelegraph…
While male investors dominated the action in the volatile meme tokens, women investors mostly traded bitcoin, the report said. However, the number of new female users increased 1,009%, outshining the 829% increase in male signups, a sign of demographic shift, also represented by crypto’s growing popularity in the young generation. Source