In 2022, Cosmos (ATOM) is one of the projects making a strong impression because of its emphasis on easing communication across different networks. This project claims to be the “internet of blockchains” and aims to accelerate the development of a decentralized economy by connecting all blockchains.
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022.
Despite widespread claims that they were tremendously overhyped, Non-Fungible Tokens (or NFTs as they are more commonly known) are still in high demand. This is made evident by the increasing market size of the emerging crypto sector which has witnessed an enormous boost over the past few years.
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process.
With the rising popularity of the Metaverse, the digital fashion industry turns into a global empire, involving both the major luxury brands and retail consumers.
Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised. Meanwhile, the group’s fundraising page on Patreon has been abruptly removed.
The team behind the meme-inspired cryptocurrency Shiba Inu ($SHIB) has announced the upcoming launch of a token burning portal that is set to help the cryptocurrency’s community burn tokens in an effort to reduce its circulating supply.
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%.