Day: February 11, 2022

New US inflation data triggers Bitcoin community reactions

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The recent news on U.S. dollar inflation spurred a series of reactions from the crypto community, noting that the event should push people toward Bitcoin (BTC). Comments from the crypto community championed Bitcoin as a powerful hedge against U.S. dollar inflation. The U.S. Bureau of Labor Statistics recently reported a 7.5% increase in the all items section of the Consumer Price Index (CPI), the most commonly used indicator for inflation. Following this, Digifox founder Nicholas Merten explained that the dollar might be worth half its current value in the coming…

MIT, Boston Fed give digital dollar CBDC a modest test run

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The world recently got a sneak peek at what a digital dollar, or at least one component of a hypothetical United States central bank digital currency (CBDC), might look like, courtesy of Project Hamilton, a collaborative effort of the Federal Reserve Bank of Boston and the MIT Digital Currency Initiative. The results of the project’s first phase were originally expected last summer but were released on Feb. 3. The project, announced in 2020, is named in honor of Alexander Hamilton, the first U.S. Treasury secretary, and Margaret Hamilton, an MIT…

Only One Will Last in the Metaverse – Press release Bitcoin News

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press release PRESS RELEASE. SURVIVE is going to revolutionize the Metaverse. It’s a hybrid between live-action and open-world games. Think of GTA 5, with a 3D Metaverse where you can play for free and earn money. SURVIVE is backed by NFT Global, a reputable NFT platform. This partnership is ready to disrupt the whole Metaverse game industry. Their goal is to create a game that will influence an entire generation and bring play-to-earn games into the mainstream. The collaboration between an experienced game developer team and an already existing crypto…

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BTC Volatility Continues Heading Into the Weekend – Market Updates Bitcoin News

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Following a strong start to the week, crypto markets are submerged under a red wave as we head into the weekend. Bitcoin and ethereum are both lower, giving up some of this week’s gains in the process. Bitcoin Bitcoin followed up Thursday’s volatile session with even more uncertainty today, as the world’s largest cryptocurrency was once again falling. Following a rise to $45,101.17 yesterday, BTC/USD fell to an intraday low of $42,864.32 earlier in today’s session, as it appeared that bears were pushing prices towards support. The selloff started after…

HODLVERSE’s Metaverse Creates a Fun, Accessible Way to Manage Digital Assets

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The total number of digital asset users was around 295 million, there is still plenty of room for the space to grow before the mainstream accepts it. To ensure the space’s longevity and push it close to mass adoption, companies like HODLVERSE are coming up with creative, exciting new ways to bring more people into the digital asset world. HODLVERSE is a global decentralized autonomous organization. The project also develops open-source blockchain solutions to facilitate easy digital asset management. Their platform looks to bridge the wealth gap within the space,…

Interstellar Enigma diamond sold for $4.5M in crypto

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A 555-carat diamond with mysterious origins estimated to be 1 billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby’s auction. The origin of the diamond has baffled geologists as it’s still not clear whether it came from outer space or was crystallized in the earth’s mantle. The diamond is characterized by an opaque black appearance full of visible holes.  The carbonade diamond is available in only two regions on the planet, namely Brazil and the Central African Republic. However, what makes this carbonade diamond even…