After a recent inflow, the worldwide market cap has grown to $1.90 T, despite a 1.16 percent gain in value. Trading volume has decreased by more than 30% since the beginning of the year as the worldwide market size has shrunk.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are designed prudently, they can potentially offer more resilience, more safety, greater availability, and lower costs than private forms of digital money,” she said.
As cryptocurrency markets trade sideways this weekend, Metaverse crypto coins also struggle to hold support. This means that now is an excellent time to accumulate underrated projects with a high potential for significant price gains in the near future.
Switzerland’s largest bank, UBS, expects the United States Congress to take a long time to pass cryptocurrency legislation despite mounting interest in crypto investments and regulators calling for Congress to weigh in on crypto legislation.
Coinbase made the first big crypto splash during this year's Super Bowl after the company aired a bold commercial that consisted of nothing but a QR code floating around the screen for 60 seconds.
Popular trading app Robinhood has revealed that its international expansion will be “crypto first.” The company said from the regulatory standpoint, crypto is “probably the easiest way to go global.” The trading platform is also looking for compliant ways to list more cryptocurrencies.
Cryptocurrency has become one of the most widely discussed topics of 2022. As such, it shouldn’t come as a surprise that mentioning “crypto” in an online dating profile may generate additional attention.
A popular crypto lending platform is reportedly going to pay out $100 million to resolve accusations from state and federal regulatory agencies.