Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Warner Music Group Joins Forces with Splinterlands to Launch P2E Games
Entertainment giant Warner Music Group shared news of a collaboration with blockchain game developer, Splinterlands. P2E Games to Bolster WMG Artists By joining forces, both companies will become pioneers in an emerging field. In recent times play-to-earn gaming and non-fungible tokens have grown in popularity. Various entities have explored how NFTs can be integrated with the music industry. P2E games featuring NFTs as in-game assets are also becoming a popular phenomenon. However, a merger between all three sectors is a…
3 years ago
Drake Gifts Fellow Rapper Kodak Black With $250,000 In Bitcoin
Superstar Canadian rapper Aubrey “Drake” Graham appears to be very generous with his Bitcoin holdings. According to Florida-born rapper Kodak Black, his northern neighbor recently donated him $250k worth of the asset – for seemingly no reason. This comes less than two weeks after Drake won big in Bitcoin bets during the Rams vs Bengals NFL finals. A Surprise Gift From Drake Bill Kapri – aka “Kodak Black” – discussed Drake’s surprise gift on an episode of The Breakfast Club…
3 years ago
Is Metaverse Land a Good Investment? Read This First
The Metaverse land grab is reaching bubble proportions. Despite the staggering valuations, is the Metaverse a good investment? The Metaverse is coming, and everyone wants a piece of it. But most investors are looking in all the wrong places. Major titles like Decentraland and Sandbox have serious structural issues that could seriously limit their potential to attract a gaming audience. But there is hope, as a different audience could make up for it. The Metaverse, an immersive universe of virtual…
3 years ago
DiveWallet is Launching on the Spark Launchpad on March 5, 2022
DiveWallet is a functional cross-chain wallet committed to safeguarding the assets of crypto users while making the virtual currency sector more practical. The wallet is scheduled for release in Q3 of 2022. The wallet developers are excited to announce the launch of their DiveWallet Token on the Spark Launchpad on March 5, 2022. The initial token supply is 1 quadrillion, part of which will be offered to investors in three phases: the private sale, presale, and public launch. The capital…
3 years ago
Brazil Makes Moves Towards Regulating Crypto Transactions
Brazil’s Senate’s Economic Affairs Committee (CAE) has released an official report stating that it has approved a bill endorsing the regulation of BTC and crypto markets across the South American nation. What does the Bill Entail? With this move, Brazil is steadily on the road to adopting cryptocurrency on a wider scale. The bill paves the way for residents of Brazil to invest in Bitcoin and other digital assets. It also facilitates their use in everyday transactions. Effective regulation is…
3 years ago
Sling TV Partners With Bitpay To Enable Crypto Payments For Streaming Services
Streaming service and Netflix competitor Sling TV is now allowing its members to pay their monthly subscription in cryptocurrency, using Bitpay. Accepted cryptos include Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Dogecoin, Litecoin, Shiba Inu, and various stablecoins. Crypto For Streaming Sling revealed its Bitpay integration in an announcement from its site on Friday. The company claims that its acceptance of cryptocurrency will now bring “choice and convenience” to the checkout process. The option is currently available to exist subscribers and…
3 years ago
DAO That Wants To Buy Denver Broncos Faces Major Hurdles
The Denver Broncos NFL team is for sale, and one of the potential buyers could be a DAO - a decentralized organization using blockchain tech. However, the efforts have to overcome major regulatory issues. Specifically, stringent NFL rules could put its supposed decentralized nature in question. BuyTheBroncosDAO BuyTheBroncosDAO aims to raise $4 billion from fans and investors to buy the U.S. National Football League team. The sale, set before the start of the 2022 season, could set a record for…
3 years ago
Magic Eden Implements Stringent KYC Procedures Following Scams
NFT creators on Solana marketplace Magic Eden will now be subject to stricter procedures. The company announced a new doxing policy for creators who want to drop their collections on the marketplace. This policy would ensure stringent safety and project quality checks that would protect the interest of minters. The recent development unfolds against a backdrop of rug pull scams that saw minters lose thousands of dollars on Magic Eden. Minters lost $58,000 (645 SOL) in the first scam because…
3 years ago
Share Of Criminal Transactions In Crypto At All-TIme Low, According To Chainalysis
Chainalysis – a blockchain data platform – recently released its 2022 crypto crime report, and discovered an interesting pair of facts. While illicit crypto transactions are at record highs, their proportional share of blockchain activity is at an all-time low. This casts doubt on numerous politicians’ assertions that cryptocurrencies are only a haven for nefarious actors. Trends In Crypto Crime According to the firm’s report released on Monday, blockchain addresses deemed “illicit” received $14 billion worth of crypto in 2021.…
3 years ago