With the Beijing 2022 Winter Olympics’ opening ceremony done and all competing athletes now in China, two members of Congress are warning of the risks of using digital yuan at the games.
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country.
Are decentralized autonomous organizations really decentralized? Find out why they’re struggling to become fully autonomous.
Florida Governor Ron DeSantis isn’t fazed by the recent volatility in cryptocurrency, which is widely aligned with a broader dip across markets. From the uncertainty around Covid-19 and the budding situation in Ukraine, the markets have been undeniably affected.
Real estate sales in the metaverse are expected to reach a billion dollars this year, according to a metaverse analytics firm. The company expects real estate sales on four major metaverse platforms, which surpassed $501 million last year, to double this year.
The cryptocurrency derivatives market has seen its market share of total trading volume reach a new all-time high in January after derivatives volumes remained steady at $2.86 trillion for the month, whilst spot volumes dropped 30.2% to $1.81 trillion.
Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these gas costs will become minimal. For the user, the experience will become completely gas-less like how it is on Web 2.0 applications.
Today, Crypto markets are showing significant bullish momentum as Bitcoin and Ethereum are up over 10%. Metaverse Crypto coins continue to dominate the markets, with the global Metaverse market cap surpassing $27 billion.