An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone accounted for more than $1 billion in primary and secondary sales.
The Floki Team is thrilled to announce a major milestone toward the launch of the most anticipated play-to-earn project in crypto: Valhalla. As of May 2nd, 2022, the Alpha Battle Arena portion of the game is now available to the public.
South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789.
Bitcoin (BTC) market bulls and bears have been engaging in a major battle ahead of the key FOMC meeting scheduled later today, Wednesday, May 4. Amid soaring inflation, the Federal Reserve is likely to hike interest rates by 50 basis points.
Bitcoin price analysis for May 4, 2022, comes on a bearish note for BTC which has seen a price drop of over 1.25% in the last 24 hours and investors can expect further low prices in the coming days. As noted in our BTC price analysis for May 3, 2022, the world’s biggest cryptocurrency attempted to break into the $39K price region but wasn’t successful in that attempt. As a result, a back-and-forth movement for the token can be witnessed on the daily chart as chances of losing $38K as support seem considerable.
An executive at Wisdomtree, an asset management firm with $78 billion under management, says that “Cryptocurrencies have firmly established themselves as a new asset class and it truly is something that people can’t ignore.” He added: “We are past the point where there is speculation around whether or not this is a trend that’s here to stay.”
Newmoon has launched an accelerator program out of the Dubai Design District to provide 360-degree mentoring for startups entering web3 and building in the creative, gaming, and metaverse industries.