Day: December 8, 2022

Crypto is ‘most mature’ in these 2 countries, new Huobi report reveals

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Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else. The latest data compiled by exchange Huobi confirms that in 2022, the United States is the most “mature” crypto market. U.S., Vietnam lead the way on crypto Despite the heavy drawdowns in price for Bitcoin and altcoins this year, interest throughout the world remains “extremely active,” and the leaders may come as a surprise. In its latest annual report, Huobi Research, an affiliate of Huobi Global, revealed that the U.S.…

Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project

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The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets. Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met. “Coinbase will add support for MultiversX (Previously Elrond) (EGLD) on the MultiversX network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase & CoinbaseExch in the regions where…

Upcoming Game Kiraverse Sells Out Kira Genesis Collection Raking in $1.5M+

The sell-out of the Kira Genesis Collection is an indication of the high level of interest and demand for these unique assets. On November 12th, Kiraverse, an upcoming multiplayer game being built by technology and game development company Param Labs, announced their “Kira Genesis Collection” was available for mint. The genesis collection is a digital asset collection of 10,001 sci-fi looking avatars designed by Antoni and Marc Tudsico and minted using the ethereum scaling solution “ImmutableX” each Kira Genesis being unique to itself meaning no Characters of the 10,001pc collection…

Kim Kardashian Wins Investor Lawsuit Over EthereumMax

“The court acknowledges that this action raises legitimate concerns over celebrities’ ability to readily persuade millions of undiscerning followers to buy snake oil with unprecedented ease and reach,” Judge at the United States District Court Central District of California, Michael Fitzgerald said in a document of the proceeding. Source

Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks

Metacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. The sale of Metacade’s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT. $MCADE is available to buy on the official Metacade website.  Positioning itself as a Web3 community hub, this gaming-first platform is set to attract gamers, investors, and entrepreneurs alike by offering a multitude of ways to earn, play, and connect. It looks to be…

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program – Blockchain Bitcoin News

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The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has the objective of examining the real possibilities and advantages of using a CBDC in the field. Bank of Spain to Experiment With Its Own CBDC The Bank of Spain has recently revealed it will launch its own experimental program with a wholesale CBDC. A document…

PayPal Launches Crypto Offering in Luxembourg in EU Push

Paypal noted that its crypto product offering in Luxembourg is designed to provide all prospective users with easy accessibility.  American multinational financial technology company PayPal Holdings Inc (NASDAQ: PYPL) is expanding its reach into the European Union (EU) with the launch of a crypto trading service in Luxembourg. According to an announcement shared on Thursday, the new service will enable users in the country to buy, sell and keep custody of such digital currencies as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). PayPal is primarily a fintech…

Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

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The Japanese financial group Sumitomo Mitsui Financial Group (SMBC) is moving to explore the benefits of Web3 by issuing soulbond tokens (SBTs). Proposed by Ethereum creator Vitalik Buterin, SBTs refer to digital identity tokens that represent the characteristics or reputation of a person or entity, or a “soul.” Such tokens are non-transferable and are designed for the decentralized society and Web3. SMBC officially announced on Dec. 8 an initiative focused on the practical use of SBTs in partnership with the digital asset firm HashPort. The companies plan to conduct research…

GameStop Q3 2022 Report Underwhelms, Revenue Comes in $170M Less than Expected

The GameStop Q3 2022 earning report showed poor figures that reflect reduced consumer spending on its products. GameStop (NYSE: GME) recently reported a bigger-than-anticipated loss on its Q3 2022 financial outing. The video game and gaming merchandise giant missed analysts’ estimates for several reasons, including the inflation pinch. Following its earnings miss for the period ended September 30th, GameStop’s management demonstrated an openness to acquisitions for the right price. GameStop Q3 2022 Outing GameStop’s revenue for the third quarter came in at a relatively tame $1.19 billion. This figure compared unfavorably…