With Bitcoin trading within 2% of its all-time high while Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the combined cryptocurrency market cap has broken above $3 trillion for the first time.
One of the world's biggest block reward mining hubs, Kazakhstan, will only allow its citizens to invest 10% of their annual income in digital assets.
Newly elected New York City NYC Mayor Eric Adams has revealed on Sunday that he is “going to look at” how to encourage businesses to accept crypto as a form of payment. This follows after he made headlines a week ago for saying he’ll be taking his first three paychecks in bitcoin.
The cryptocurrency industry is continuously growing — almost everyone can attest to that. From this, more innovations emerge like decentralized finance (DeFi), non-fungible tokens (NFTs), and memecoins.
This weekend, the non-fungible token (NFT) marketplace Opensea surpassed $10 billion in all-time sales. Statistics show that 629,867 traders contributed to the $10 billion in sales and the average sale price since the NFT market’s launch is $872 per NFT.
Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their portfolios.
Let’s talk about the recent boom in the gaming aspect. DappRadar, an analytics platform showed a boom in crypto gaming. Last month saw blockchain games make up the majority of activity in the Dapp industry. Around 55% of unique active wallets (UAW) totaling 1.19 million users interacted with gaming dapps over the past month.
Anyone who hasn’t been living under a rock is probably aware that the gaming industry has been on an absolute tear. It’s one of the industries that has benefited from the COVID-19 pandemic in a big way.
One of the top gainers today on Crypto.com is UMA, up over 26% in the past 24 hours. At the time of writing UMA price is currently trading at $16.93 after recently hitting an all time high of $21.27. Why are people buying UMA and what is all the hype about? Let’s take a closer look.