Day: January 6, 2022

Crypto is Not as Narcissistic as You Think

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Cryptocurrencies and blockchain technology continue to push back against the established global financial system, promising a more equitable society for all. Finance, privacy, governance, and charity — all of these components of society have been significantly boosted by technological innovations, removing barriers for everyone. Despite early progress, realizing these goals requires significant additional effort. Indeed, much more potential exists in the use of decentralized technologies when it comes to charities. Tiger King Coin has begun doubling down on this opportunity, knowing that a worldwide community can come together to better…

Drone Racing League Partners with Hivemind’s Playground Labs, Launch First P2E Game on Algorand Blockchain

Professional drone racing League (DRL) joins the Metaverse world by launching its first game. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind. These two teams said they would launch the first in-game money-making game using DRL in their virtual world on the Algorand blockchain, extending DRL’s high-speed drone race into the metaverse. The global gaming, cryptocurrency, and drone market are currently worth over $2 trillion. By developing the first P2E on-chain and launching a…

Why was 2021 an important year for NFT?

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In the last few years, gaming has evolved to become something more than just a pastime. It is now a full-fledged industry with some of the biggest names in the business investing in it. Real money is being invested in virtual goods that don’t have any value in the outside world. NFTs are changing the game and maybe the next best thing to happen to the gaming industry. Thоugh NFTs hаve been аrоund sinсe 2014, it wasn’t until 2021 thаt this revоlutiоnаry teсhnоlоgy entered the mаinstreаm, аffeсting the аrt wоrld…

Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypto Offers – Finance Bitcoin News

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Moneygram has completed an investment in cryptocurrency ATM operator Coinme. “At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency,” said the CEO. Moneygram Invests in Crypto Company Coinme Moneygram International Inc. (NASDAQ: MGI) announced Wednesday that the company “has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S.” This venture gives Moneygram an approximate 4% ownership stake in Coinme. Alex Holmes, Moneygram chairman and CEO, commented: At Moneygram, we continue to be bullish on…

Sygnum Valued at $800M in $90M Funding Round: Report

Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company. Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement. Sygnum is based in Switzerland and Singapore. Its products include regulated trading of crypto currencies. Source

Aave launches its permissioned pool Aave Arc, with 30 institutions set to join

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Decentralized lending platform Aave has launched its permissioned lending and liquidity service Aave Arc to help institutions participate in regulation-compliant decentralized finance. As opposed to its permissionless cross-chain counterparts on the platform, Aave Arc is a permissioned liquidity pool specifically designed for institutions to maintain regulatory compliance in the decentralized finance (DeFi) space. The first of 30 entities lined up for the whitelist for Aave Arc was Fireblocks, the institutional digital asset custodian. It explained in a Jan. 5 announcement the pool “enables whitelisted institutions to securely participate in DeFi…

Raoul Pal says ‘reasonable chance’ crypto market cap could 100X by 2030

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Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. At the time of writing, the total market cap of the global crypto sector stands at $2.2 trillion, and Pal told podcast Bankless Brasil “there’s a reasonable chance” this figure could grow to around $250 trillion if the crypto network adoption models continue on their current trajectory. Pal drew comparisons between the current benchmarks of other markets and asset classes such as equities,…

Singapore Tycoons’ Sons Plan Private NFT Club That Will Become an ARC to the Metaverse: Report

A son of a Singapore financier and a son of the family that started Mewah International Inc., an edible oils company, have founded ARC, a private, NFT-based social networking app that will be open to anyone who owns their non-fungible token, Bloomberg News reported on Thursday. They plan to eventually create an “ARC metaverse,” a huge virtual community that includes a gaming element. Source

Why Kevin O’Leary thinks NFTs could become bigger than Bitcoin

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Millionaire investor and crypto proponent Kevin O’Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection on Jan. 5, O’Leary — also known as Mr. Wonderful — argued that NFTs provide a greater potential to attract capital than Bitcoin due to their ability to tokenize and authenticate physical assets such as cars, watches and real estate: “You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over…