Tag: News

Digital Collectible Downturn — NFT Sales Slid More Than 74% Lower Than the Month Prior – Markets and Prices Bitcoin News

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While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the sales recorded the week prior. NFT floor values for popular collections have rebounded this week in terms of ethereum value, but with ether’s exchange rate so low, blue chip NFTs are selling for a lot less than they did last month. Data Shows NFT Sales Continue to Sink Lower Coinciding with the crypto bear market,…

BTC Back Above $20,000 as Cryptos Rebound – Market Updates Bitcoin News

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Following a weekend trading below $20,000, bitcoin rallied by over 10% on Monday to recapture this level. Cryptocurrencies were mainly in the green to start the week, as bulls seemingly bought the weekend’s dip. ETH was almost 15% higher in today’s session. Bitcoin Bitcoin rebounded from recent drops to start the week, as prices were once again trading above the $20,000 level. Following a low of $19,232.30 during Sunday’s session, BTC/USD has rallied to an intraday high of $20,913.32 on Monday. This rally saw the world’s largest crypto token regain…

Russian Finance Ministry Rules Out Sale of Oil for Bitcoin – Economics Bitcoin News

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The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency payments, in terms of international transactions, are seen by the authorities in Moscow as an alternative option for small private business contracts, but this will not affect Russian oil deliveries. The clarification was made by…

Bitflex Commences BETA Testing With Zero-Trading Fees – Press release Bitcoin News

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press release PRESS RELEASE. Seychelles, June 20, 2022 – Bitflex Inc. (the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced that the Company will commence BETA testing of its cryptocurrency exchange and plans to officially launch the exchange by October this year. The Bitflex exchange offers an aesthetically pleasing interface built-in with news, notifications, and charting tools to create a superior environment for users to make the most educated trades. The BETA platform will offer up to 8 trading pairs for linear perpetual swaps.…

Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE – Bitcoin News

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Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to not only expand its activities but to “further strengthen [its] banking relationships within the UAE.” Expanding Coinmena’s Activities in the UAE A Bahrain-headquartered digital asset exchange, Coinmena, has been granted a provisional virtual assets license by Dubai’s Virtual Assets Regulatory Authority (VARA). The provisional license allows Coinmena to continue its operations in Dubai while “it undertakes the in-depth process”…

Meta Launches Metaverse Digital Clothing Store – Metaverse Bitcoin News

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Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse. The company believes that clothing and other accessories will become an important part of the users’ identity expression and that this will entice them to spend money on digital clothes that will be wearable on all Meta’s apps, including Facebook and Instagram. Meta to Sell Metaverse Clothing With the rise of the metaverse, an alternative and digital take of our world, companies…

The Metaverse Could Generate $5 Trillion by 2030 — ‘Simply Too Big to Be Ignored’ – Metaverse Bitcoin News

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Global consulting firm McKinsey & Company has forecasted that the metaverse may generate up to $5 trillion by 2030. In addition, more than 80% of commerce could be impacted by activities in the metaverse. Metaverse Could Generate $5 Trillion by 2030 Global management consulting firm McKinsey & Company published a report last week titled “Value creation in the metaverse.” The report details: “Our work began by surveying more than 3,400 consumers and executives on metaverse adoption, its potential, and how it may shift behaviors. We also interviewed 13 senior leaders…

Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn – ‘You Just Have to Stomach It’ – Markets and Prices Bitcoin News

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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any of his cryptocurrencies despite the crypto market downturn. “Long term, you just have to stomach it. You have to understand you’ll get volatility,” he stressed. Kevin O’Leary: I’m Not Selling Anything Shark Tank star Kevin O’Leary talked about bitcoin and other cryptocurrencies in an interview with the Insider, published Saturday. Commenting on the crypto market turmoil, O’Leary said: I’m not selling anything … Long term you just have to stomach it. You have to understand you’ll…

BREAKING: MALAYSIA GOVERNMENT PROPOSES ADOPTING BITCOIN AND CRYPTO AS LEGAL TENDER!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💰 Earn Free Crypto on every trade over $10 with FTX US: Use Code: cryptonews As the Bitcoin game theory across the world continues in full effect, Malaysia is the latest major country discussing legalizing Bitcoin and cryptocurrency as well as making it legal tender. The Ministry of Communications and Multimedia of Malaysia calls on the federal parliament to legalize transfer of BTC and other cryptocurrencies. “We are trying to see how we can legalize this so that we can develop youth…

Tesla CEO Elon Musk Confirms He’ll Keep Buying and Supporting Dogecoin – Altcoins Bitcoin News

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Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE). He confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn. Elon Musk Reaffirms Commitment to Dogecoin Tesla CEO Elon Musk reaffirmed his support for the meme cryptocurrency dogecoin a few times this weekend. On Sunday, Musk tweeted that he will keep supporting DOGE. He also indicated that he will keep buying the meme coin. On Saturday, the Tesla boss also mentioned DOGE…