Developing countries love the Metaverse, rich nations not keen: WEF survey

Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on May 25 showing the concept is now widely recognized: 52% of more than […]

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‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed […]

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Uniswap (UNI) hits $1 trillion in trade volume despite the 2022 price slump

Uniswap (UNI), one of the biggest decentralized exchanges in the world, has been hitting new milestones over the past few weeks. This success comes even as UNI, its native token, continues to slump in 2022. Here are some of these latest developments: Uniswap has now crossed $1 trillion in total trade volume The DEX has […]

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The Sandbox offers a long-term buying opportunity after a recent sell-off

The Sandbox (SAND) was one of the main stand-out performers in 2021. The coin, and by extension most metaverse coins, saw insane gains. But since January, investors have been selling off SAND and as a result, the coin has literally crashed from its 2021 highs. But this also offers a long-term buying opportunity and here […]

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Binance signs MOU with Kazakhstan to further crypto adoption and regulation

Cryptocurrency exchange Binance has signed a memorandum of understanding, or MOU, with the government of Kazakhstan to bolster “virtual asset market development” in the central Asian country.  The signing of the MOU, which is between Binance and Kazakhstan’s Ministry of Digital Development, Innovations and Aerospace Industry, took place on Wednesday during Changpang Zhao’s official visit […]

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Crypto is ‘bunch of yahoos’

Scott Minerd, Guggenheim Partners’ chief investment officer, now says cryptocurrencies haven’t really become that investment vehicle he thought they would when he first entered the space. In his opinion, “everything is suspect”, and that “no one has cracked the paradigm in crypto,” with Bitcoin’s use as a currency not fitting the definition and characteristics that […]

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Tax guidelines for crypto mining pass the first reading in Kazakhstan

Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators.  On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis, passed in the first reading the amendments to the national tax code, regulating […]

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Ripple CEO says Ripple will explore IPO after the SEC lawsuit gets concluded

Ripple CEO, Brad Garlinghouse, has told CNBC that they will start exploring an initial public offering (IPO) after the U.S. Securities and Exchange Commission (SEC) lawsuit gets concluded. Ripple company uses its tokens (XRP), the sixth largest crypto in the market, to carry out cross-border payments. The company converts fiat to XRP for them to […]

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As crypto takes a nosedive, gold-backed tokens ensure investors won’t crash too

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. The crypto market is in a downward spiral, with Bitcoin (BTC) plunging over 50% below its peak price. In […]

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