2021 was a momentous year for Cryptocurrencies. Despite multiple challenges such as Covid-19, inflation, lawsuits, and regulations throughout the year, the crypto town remained immune against all of them. Moreover, these difficulties brewed the digital transformation as numerous sectors such as DeFi, Gaming, NFTs and Metaverse continued to flourish though they are at their nascent stage of development.
Metaverse games are all the hype right now, with titles like Decentraland and The Sandbox reaping multi-billion dollar valuations. This article looks at the top five most popular Metaverse games built on Polygon’s MATIC blockchain, ranked based on a 30-day user base, lowest to highest.
Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies.
Singapore-based cryptocurrency-focused hedge fund Three Arrows Capital has seemingly invested over $84 million on the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), as its price dipped below the $4,000 mark.
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves up and get on with it, so that by the time this becomes a much bigger issue, we’ve actually got the regulatory framework to contain the risks.”
Major Indian cryptocurrency trading platform Unocoin has added Dogecoin ($DOGE) and Shiba Inu ($SHIB) trading pairs in a move that offers its over 1.3 million users a way to gain exposure to the meme-inspired cryptocurrencies.
Digital payments company Block, formerly called Square, has announced that Cash App users will be able to gift friends and family both crypto and stock over the holiday season.
US Senators faced off with expert witnesses, and each other, over the future of regulating stablecoins during a Banking Committee hearing Tuesday.