Tron: Amid a slew of developments, is there light at the end of the tunnel for TRX

The success of a network within the blockchain ecosystem is largely dependent of its ability to float successful projects. In the past few weeks, the Tron Network made a few announcements intimating investors and enthusiasts alike on the plans and projects of the network. On 21 April, Tron’s Network founder Justin Sun announced the Network’s […]
Source: AMBcrypto
Original Post: Tron: Amid a slew of developments, is there light at the end of the tunnel for TRX

Is Web3 like playing Minecraft?

Web3 is coming. Are you ready for it? Use the newest version of the internet and expand your whole online experience.

Source: Cointelegraph.com
Original Post: Is Web3 like playing Minecraft?

Philipp Plein Expects Company Customers to Make More Crypto Payments

Renowned fashion designer – Philipp Plein – predicted that more clients will employ cryptocurrencies when purchasing the company’s products this year. He envisioned digital assets to account for between $15.8 million to $21 million of the firm’s 2022 revenue.

Crypto to Become a Key Player at Philipp Plein

One of the leading fashion companies in Europe – Philipp Plein International AG – jumped into the world of crypto last year by enabling its customers to pay for clothes, shoes, and other products in 15 digital assets. The two leading ones – Bitcoin (BTC) and Ether (ETH) – were among the supported ones.

In a recent interview, the founder of the firm – Philipp Plein – revealed that such settlements accounted for around 3% of the organization’s $105 million online revenue in 2021. He believes that the figures will surge this year, envisioning up to $21 million worth of crypto payments by the end of the ongoing year.

“We saw there was a big audience within the crypto community itself, so we gained a lot of new clients,” Plein stated.

The German designer is an outspoken supporter of the asset class and a HODLer. The CEO owns 170 BTC, worth approximately $6.6 million (at current prices). Last summer, he said he believes in the future of crypto, raising hopes that it could generate further profits for his company and create more opportunities for clients.

PacSun Embraced Crypto, too

Another major brand in the fashion industry to accept digital asset payments last year was PacSun. The American company partnered with BitPay to allow settlements with Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Dogecoin (DOGE), and 5 USD-pegged stablecoins. Commenting on the move was the President of PacSun – Brieane Olson:

“With digital sales doubling since last year, we understand the continued importance of creating an exceptional online shopping experience for our customers.”

It is worth noting that the brand is designed for teens and young adults. Co-CEO Michael Relich pointed out that cryptocurrencies are especially popular among the younger generations, which justifies PacSun’s move:

“The Gen Z audience, our primary consumer, is very tech-oriented, and we dedicate a lot of our efforts towards social media and e-commerce to align with their lifestyles and resonate with them on a more personal level. Seeing their increasing desire towards cryptocurrency, it was clear that we needed to adjust and offer BitPay as another payment option.”

Featured Image Courtesy of Page Six

Source: CryptoPotato
Original Post: Philipp Plein Expects Company Customers to Make More Crypto Payments

Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours

The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors.

Crypto Scams Promising High Returns

The Idaho Department of Finance announced Wednesday “a series of fraudulent
cryptocurrency schemes seen recently targeting Idaho investors.” The regulator detailed:

The companies purport to provide high returns with no risks to the investor.

These fraudulent schemes are operating under the names and websites of Crypto FX Direct, Shield Investors Ltd., Quartz FX Trade, and Finvest Trading. At the time of writing, some of the schemes’ websites are already offline.

The regulator added:

These websites make outrageous, demonstrably false statements and claims such as guaranteed returns on investment as high as 65% – 80% every 24 hours.

To begin investing with these companies, investors have to purchase an investment plan using cryptocurrency, the finance department described. One of the companies, Finvest Trading, charges between $500 and $100,000 to begin trading.

“They offer profitable investments with any plan, and purport the more invested, the greater the return,” the regulator detailed, adding that the companies’ investment advisors provide investors with “phony credentials.”

At the end of the agreed trading period, investment advisors contacted the investors and notified them that they made substantial returns on their investments. However, they had to pay a fee to receive their investment returns. Investors were then advised of additional fees and penalties before they could receive payouts.

The regulator noted that these entities are neither registered to sell securities in Idaho nor have they filed with the Idaho Secretary of State to conduct business in the state.

What do you think about these crypto investment scams? Let us know in the comments section below.

Source: Bitcoin.com
Original Post: Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours

U.S. Department of Labor Expresses ‘Grave Concerns’ Over Fidelity’s Proposed Bitcoin 401(k) Plans: Report

The U.S. Department of Labor (DOL) is reportedly having “grave concerns” about Fidelity Investments’ recent decision to launch Bitcoin (BTC) 401(k) plans.

In a new Wall Street Journal (WSJ) interview, Acting Assistant Secretary of the DOL’s Employee Benefits Security Administration (EBSA) Ali Khawar acknowledges crypto has intriguing use cases but says it needs “maturing” before people devote their retirement accounts to the sector.

The EBSA is the agency responsible for overseeing workplace retirement plans.

Asset managing giant Fidelity announced plans this week to launch digital asset accounts, enabling holders of 401(k) plans to invest in BTC if their employers let them.

Fidelity will reportedly allow a maximum BTC allocation of 20%. The Labor Department is specifically concerned with that percentage, according to a senior DOL official who spoke to the WSJ. Khawar says the department has scheduled a conversation with Fidelity to outline their concerns.

The asset manager tells the WSJ its new Bitcoin 401(k) plans represent “the firm’s continued commitment to evolving and broadening its digital assets offerings amidst steadily growing demand for digital assets across investor segments, and we believe that this technology and digital assets will represent a large part of the financial industry’s future.”

Fidelity’s move to allow employees to allocate Bitcoin to their retirement savings plans comes a little over a month since the EBSA urged providers of 401(k) plans to “exercise extreme care before including direct investment options in cryptocurrency.”

The EBSA cites crypto’s volatility, uncertain valuations and evolving regulatory environment as reasons for concern.

The agency also argues it is difficult for 401(k) plan participants to make informed decisions about the digital asset sector.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post U.S. Department of Labor Expresses ‘Grave Concerns’ Over Fidelity’s Proposed Bitcoin 401(k) Plans: Report appeared first on The Daily Hodl.

Source: Daily HODL
Original Post: U.S. Department of Labor Expresses ‘Grave Concerns’ Over Fidelity’s Proposed Bitcoin 401(k) Plans: Report

Why MATIC is having a difficult time to recover despite record progress

Polygon has established its presence in the DeFi space and continues to do so, and this way, what Polygon lacks in the spot market is being fulfilled by killing it in the DeFi market. Polygon has everyone’s attention Polygon achieved a huge milestone recently after it hit 19000+ dApps this month. The DeFi network currently […]
Source: AMBcrypto
Original Post: Why MATIC is having a difficult time to recover despite record progress

Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs

Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied to the team by leveraging non-fungible token (NFT) assets.

Big3 Team the Killer 3s Sold for 25 NFTs

According to reports, a decentralized autonomous organization built on the Solana network called Degods DAO has purchased a Big3 professional basketball team. Big3 is a basketball league crafted by the hip-hop mogul and actor Ice Cube and the league’s games are based on a 3-on-3 basketball tournament style. Recently, the Big3 decided to sell the rights to a team called the “Killer 3s” by using NFT technology.

The DeDAO has acquired a professional basketball team. pic.twitter.com/TgcwKy9tLU

— DeGods (33.3%) (@DeGodsNFT) April 28, 2022

Essentially, the Big3 league decided to sell 25 Fire-tier NFTs for $25K per unit. The NFTs give the owners rights to Killer 3s’ licensing, intellectual property (IP), and league-approved merchandise. Degods DAO acquired the Killer 3s team for approximately $625,000 by purchasing all 25 NFTs tied to the Killer 3s. Degods DAO tweeted about the acquisition on April 28 and shared a video that said: “Now let’s win a f***ing championship.”

Decentralized Autonomous Organizations Continue to Bid on High Ticket Items

Degods DAO follows a number of DAOs buying high ticket items like properties, franchises, NFT collections, and IP rights. For instance, a DAO purchased an unreleased Wu-Tang Clan record called “Once Upon a Time in Shaolin.” Another DAO recently revealed it wanted to purchase fast-food restaurants and a DAO called “Buy the Broncos DAO” tried to raise $4 billion to buy the Denver Broncos. Many attempted purchases have failed, like the Constitution DAO, which tried to buy an old copy of the U.S. Constitution but lost the auction.

Degods is a popular Solana NFT project that has seen 397,300 SOL or $37,234,956 worth of NFT sales volume. The collection has 4.5K owners and the current floor price is $28,162 or 300.5 SOL. “A deflationary collection of degenerates, punks, and misfits. Gods of the metaverse [and] masters of our own universe. Powered by the Solana Blockchain,” Degods’ description on Opensea explains.

What do you think about a DAO buying a Big3 professional basketball team by acquiring 25 NFTs? Let us know what you think about this subject in the comments section below.

Source: Bitcoin.com
Original Post: Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs

Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

Source: Cointelegraph.com
Original Post: Meta to launch metaverse hardware store, Elon Musk buys Twitter for B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

Binance Coin [BNB] to cross the $420 mark? Dominant whales have the answer

Binance coin returned to the annual low of 2022 during the retracement phase, following a minor bullish rise in March. However, at the beginning of November, Binance Coin attempted twice to achieve an all-time high ($690.93), but the bulls failed. Nonetheless, traders are showing signs of confidence amid a weak crypto market. Short-term rally soon? […]
Source: AMBcrypto
Original Post: Binance Coin [BNB] to cross the 0 mark? Dominant whales have the answer

Swiss National Bank Against Investing in Bitcoin (BTC) as a Reserve Currency Right Now: Report

The Swiss National Bank (SNB) is reportedly against using Bitcoin (BTC) as a reserve currency right now, but it is prepared to purchase the crypto asset if that changes, according to its top official.

While speaking at a general meeting of shareholders, SNB chairman Thomas Jordan says the central bank has no current plans to add Bitcoin to its balance sheet, according to a report from Reuters.

“Buying Bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on Bitcoin. We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have Bitcoin on our balance sheet. But from the current perspective, we do not believe Bitcoin meets the requirements of currency reserves, that’s why we have until now decided not to have Bitcoin on our balance sheet.”

The Federal Reserve Bank of St. Louis reveals that the SNB is currently holding over $1.076 trillion worth of foreign currency positions.

Crypto insights firm Coincub recently ranked Switzerland as the fifth-most crypto-friendly country on earth, after Australia, the United States, Singapore and Germany.

Bitcoin is trading for $38,770.36 at time of writing, down more than 2.5% in the past 24 hours. The top-ranked crypto asset by market cap is also down nearly 18% in the past month.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ConceptCafe/Chuenmanuse

The post Swiss National Bank Against Investing in Bitcoin (BTC) as a Reserve Currency Right Now: Report appeared first on The Daily Hodl.

Source: Daily HODL
Original Post: Swiss National Bank Against Investing in Bitcoin (BTC) as a Reserve Currency Right Now: Report

Panama Gets A Crypto Bill, Moves One Step Closer To Becoming An Official Crypto Nation

After El Salvador’s move to give Bitcoin a legal tender, the National Assembly of the Central American country, Panama, passed a bill on Thursday to enact regulations for the commercialization and use of cryptocurrency in the republic.

If the President of the National Assembly, Laurentino Cortizo, approves the bill, private and public companies would be allowed to use the digital assets alongside officials making way for them to pay taxes in cryptos. At the same time, experts warn the legislative branch that adding digital assets could disrupt the country’s reputation for lacking financial transparency.

“The bill in question contains broader legislation than El Salvador’s applied measures, which in June 2021 gave Bitcoin a legal tender,” said Gabriel Silva, the promoter of the bill and independent lawmaker. “The legislation is broader in scope than measures passed by El Salvador, which made bitcoin legal tender last year.”

He added:

We’re seeing the emergence of many different types of crypto assets like works of art. That’s why we didn’t want to limit ourselves only to cryptocurrencies.

As the proposed bill has a broader scope, it covers trading, the use of cryptocurrencies alongside its addition to the payment system, and the issuance of digital securities. Besides, it also includes tokenization of the precious metals, which refers to converting a physical asset into a digital format.

In line with the new law, the people of Panama will use cryptocurrencies as a payment medium to conduct commercial or civil operations under the regulation rules applied in the state.

BTCUSD_ — Bitcoin currently stands above $39,000. | Source: BTC/USD price chart from TradingView.com

Expert Warns Panama To Not Add Crypto

Panama currently stands as one of the tax haven countries on the list of the European Union. Given that, the Chief Executive Officer of the investment advisory firm K&B Family Office, Romain Dromard, criticized the bill in support of cryptocurrency, saying crypto would not allow the state to keep financial transparency.

He stated;

Panama was already in a bad position and these payment methods skip the due diligence processes that international organizations are asking Panama to embrace.

Before the bill moves forward to President Laurentino Cortizo for final signature, 38 members of the assembly have already voted in favor of the bill with two abstentions. Notably, no one voted against it.

In Panama, one person owns a bank account out of four, while internet penetration is high in the country. Given that, crypto assets would help unbanked to increase their business, argued Belisario Castillo Saenz, CEO of the tokenization firm Feanor Corp.

Related Reading | Telegram Rolls Out Crypto Payment Via Chat

Similarly, Jose Fabrega from the blockchain and crypto service CryptoSPA said that the bill could make the banks, who have mainly prevented the crypto use, more cooperative.

While Dromard of K&B pointed out it will take years for traditional companies to use blockchain technology, banks’ role is also unclear for now. In addition, he said that small and medium-sized businesses would not be allowed to switch on the blockchain due to the highly volatile nature of cryptocurrencies.

Featured image from Pixabay and chart from TradingView.com

Source: Bitcoinist.com
Original Post: Panama Gets A Crypto Bill, Moves One Step Closer To Becoming An Official Crypto Nation

Etheruem witnesses the ‘most sustained level of accumulation’ in 2022 but…

Ethereum has played a significant role in the mainstream adoption of cryptocurrency and DeFi in general. Ethereum’s market capitalization is currently $340 billion, indicating how much the cryptocurrency grew in the last decade. That growth also incorporated ETH’s holders who played a vital role in this long journey. Nothing without you At press time, ETH’s key […]
Source: AMBcrypto
Original Post: Etheruem witnesses the ‘most sustained level of accumulation’ in 2022 but…

Slovenia Ranks as the World’s Most Crypto-Friendly Nation (Study)

A research conducted by the aviation company Fast Private Jet estimated that the central European country – Slovenia – is the world’s most crypto-friendly state. Moreover, its capital – Ljubljana – is the most welcoming destination in Europe for digital asset businesses.

Central Europe Leads the Way

The Italy-based aviation firm – Fast Private Jet – performed a global study to determine which countries have the most venues where cryptocurrencies are accepted as a payment method. Slovenia ranked first, while another Central European nation – the Czech Republic – held the second position. Argentina, Japan, Spain, and Colombia rounded up the top 6.

Slovenia has 72 shops and 33 sports venues that accept bitcoin or altcoins as a means of payment. Its capital city – Ljubljana – is also the most crypto-friendly destination in Europe. Currently, it has over 137 businesses and 584 different locations that allow digital asset payments, while its largest shopping center is named “BTC City.”

Prague – The Czech Republic’s capital – is the second most crypto-friendly European destination. Among its crypto attractions is the coffee-house Paralelni Polis, where customers can pay only in bitcoin.

The third most crypto-welcoming city in Europe is Spain’s Madrid, while Malta ranked at the bottom of that statistics.

Fast Private Jet’s study touched upon the USA, too. It revealed that New York, Los Angeles, and San Francisco have the most restaurants, cafeterias, and businesses that accept crypto as a payment method.

Unsurprisingly, China is among the least crypto-friendly countries around the globe. Last year, the local authorities imposed a total ban on all digital asset endeavors on Chinese soil.

Oman, Egypt, Algeria, Qatar, Iraq, Tunisia, Morocco, and Bangladesh also have a hostile stance on the industry and were placed next to China.

Earlier this month, a Coincub research estimated that Germany is the most crypto-friendly nation for Q1, 2022, while Singapore and the USA are respectively second and third. However, the company’s study differed from Fast Private Jet’s one as it considered factors like cryptocurrency laws in the different countries, the number of fraud cases, and the availability of digital asset courses.

Slovenia Is Among the Most ‘Crypto-Ready’ Countries

This is not the first time the Central European nation has found its place in similar studies. Last year, the digital asset platform – Crypto Head – determined that Slovenia, with an index of 5.96, is the 7th most “crypto-ready” country.

To perform the research, the company combined several factors, including annual crypto Google searches per 100,000 people and the number of ATMs.

Considering the USA has over 30,000 crypto Automated Teller Machines, it was no wonder that it held the first position. Interestingly, the Mediterranean island of Cyprus ranked second.

Source: CryptoPotato
Original Post: Slovenia Ranks as the World’s Most Crypto-Friendly Nation (Study)

Panama Lawmakers Pass Bill That Will Regulate Bitcoin (BTC) and Eight Other Cryptos

Legislators in Panama are passing a new bill that regulates the use of leading digital asset Bitcoin (BTC) and eight other crypto assets.

According to Panamanian Congressman Gabriel Silva, the Central American nation has passed legislation that permits unlimited use of nine cryptocurrencies as a means of payment for individuals, banks, and other businesses.

“Crypto Law approved in third debate. This will help Panama become a hub of innovation and technology in Latin America!

Only thing missing is for President [Laurentino] Cotizo to sign it… This will help create jobs and financial inclusion.”

The digital assets include not only the top crypto asset by market cap Bitcoin, but also leading altcoin Ethereum (ETH), Bitcoin alternative Litecoin (LTC), interoperability blockchain XDC Network (XDC), data feed monetization network Iota (IOTA), smart contract platforms Elrond (EGLD) and Algorand (ALGO) and payments networks XRP and Stellar (XLM), according to the bill.

The new law will also set rules for crypto trading, the issuance of digital securities, and the tokenization of physical assets such as precious metals, according to Reuters.

Furthermore, the law gives legal clarity toward the optional use of cryptocurrencies, creates licenses for crypto investment businesses and ensures that the government will use blockchain technology to become more efficient and transparent, according to Silva.

Though Panama’s move has drawn comparisons to fellow Central American nation El Salvador making BTC and other digital assets compulsory legal tender last year, the acceptance of crypto assets in Panama is currently optional.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Digital Store/Fotomay

The post Panama Lawmakers Pass Bill That Will Regulate Bitcoin (BTC) and Eight Other Cryptos appeared first on The Daily Hodl.

Source: Daily HODL
Original Post: Panama Lawmakers Pass Bill That Will Regulate Bitcoin (BTC) and Eight Other Cryptos

Bill Regulating Crypto Mining Submitted to Russian Parliament

A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners.

Russian Lawmakers to Review Legislation Enforcing Rules for Crypto Mining Sector

The draft of the new federal law “On Mining in Russian Federation” has been submitted to the Duma on Friday, April 29, according to the website of the house. The bill aims to bring the crypto-related industry out of the “grey” economy in Russia, a country rich in energy resources and favorable climatic conditions for mining.

The authors of the bill describe the minting of digital coins as an activity using information infrastructure and equipment located in the Russian Federation, which results in the creation of digital currency. They also introduce legal definitions for the circulation of digital currencies, mining pools and operators mining facilities.

The law provides for the creation of a special register for cryptocurrency miners that will be maintained by an authorized federal body. Private individuals involved in bitcoin mining will be able to register as individual entrepreneurs or self-employed persons if their electricity consumption exceeds certain limits set by the government.

Only registered entities and persons will be allowed to mine, RBC Crypto reported, quoting the document. The operators of mining facilities in Russia will be required to keep records of the minted cryptocurrencies, their types, any contracts with other entities and buyers of the coins, exchange operators, payment systems, and banks.

If deputies in the Duma adopt the law, a one-year “amnesty” will be announced for registered miners, within which they will be able to sort out any outstanding issues with customs clearance for imported hardware, pay relevant taxes and comply with applicable regulations. That includes the recently adopted rules for money transfers outside the Russian Federation.

Russian authorities have been working to develop a comprehensive regulatory framework for cryptocurrencies. A bill “On Digital Currency” has been prepared by the Finance Ministry to fill the legal gaps remaining after the enforcement of the law “On Digital Financial Assets” last year. The department recently revised the draft to clarify certain aspects pertaining to crypto mining. The Russian parliament is expected to approve this law, along with tax amendments, during its spring session.

Do you think the Russian parliament will adopt the mining law together with the other crypto legislation? Tell us in the comments section below.

Source: Bitcoin.com
Original Post: Bill Regulating Crypto Mining Submitted to Russian Parliament

As Shiba Inu bounces from long-term support, here’s what can happen next

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Shiba Inu appeared to form a triangle pattern and has bounced weakly from the $0.00002045 support level in the past few months. At the time of writing, another level of support at $0.00002392 appears […]
Source: AMBcrypto
Original Post: As Shiba Inu bounces from long-term support, here’s what can happen next

NFT Market To Reach $800 Billion In 2 Years, Report Projects

A survey from CoinGecko depicts that above fifty percent of respondents foresee a crucial role for NFTs’ business in the future and have adopted the HODL investment strategy.

Since 2014, non-fungible tokens have played a role in the cryptocurrency industry, but their demands and role have grown extremely fast in the last two consecutive years. In August 2021, NFTs’ whole business volume crossed the highest point of $5 billion, and the fast growth was briefly termed “NFT Summer.”

NFTs Business Projection

CoinGecko surveyed the industry and found that the NFT business volume could rise to $800 billion during the next two years.

The survey sample comprised 871 investors from the Asian and the Pacific region; more than 50% said they already own five or more NFTs, while 72% of the investors involved in the survey admitted that they already own one NFT.

The survey was conducted based on investors of various age groups. For example, The report showed that 43.6% of NFT investors surveyed were between 18 and 30 years old, while 45.2% fell in the 30 and 50 brackets.

A majority of the non-fungible token market seems interested in the famous Bored Ape Yacht Club (BAYC); 25% of respondents are interested in choosing art NFTs, while 35.8% are more inclined toward metaverse games and non-fungible tokens associated with play-to-earn.

The report read;

The metaverse sector is projected to move around $800 billion over the next two years, and gaming appears to be the most likely entry point into the NFTs market. Our respondents have indicated that ‘flip & earn’ was the primary motivation behind their non-fungible token purchases, though 2/3 of respondents indicated that NFTs only made up.

NFT — Bitcoin is currently trading at $38,721 after recovering from $38,242 | Source: BTC/USDT price chart from tradingview.com

As per a study reported by TeleGeography, 60% of the traders preferred personal computers for non-fungible token minting and trading.

The report added,

This can be attributed to the ease of using a PC to navigate time-sensitive NFT mints/trades

The pre-purchase assessment report of most respondents shows that 38.5% chose floor price, 23% selected “strong community,” and 21.8% were inclined to “artistic value.”

While the majority of the market investors said that they are not willing to sell non-fungible tokens at the moment, above 50% of respondents said that they have adopted the HODL investment strategy and are waiting for the future when non-fungible tokens could get a higher value in the market.

As per CoinGecko respondents, 46.3% said that Ethereum is the leading chain for NFTs, and Polygon is second with 13.8% of respondents saying so. Solana got 13.5% support of respondents, while 26.4% went to smaller smart contract platforms.

The marketplaces data shows OpenSea is the major player in the trading business with 58.7% market share, Solana possesses above 10%, and LooksRare holds less than 4%.

Featured Image from Pixabay and chart from trading view.com

Source: Bitcoinist.com
Original Post: NFT Market To Reach 0 Billion In 2 Years, Report Projects

Grootste NFT-marktplaats OpenSea accepteert vanaf nu ApeCoin

De ApeCoin prijs is in de afgelopen week enorm gestegen. De prijsstijging vond, zoals Newsbit al eerder schreef, plaats vanwege de Otherside metaverse aankondiging. Vandaag komt daar nog meer positief nieuws bij. De grootste NFT-marktplaats ter wereld, genaamd OpenSea heeft namelijk aangekondigd dat het vanaf nu ApeCoin accepteert als betaalmiddel.

.@opensea just announced ApeCoin will be used to make purchases on its platform!👏🎉🎊 https://t.co/SPJhQG5mq9 pic.twitter.com/p0kbSYY6FD

— ApeCoin (@apecoin) April 30, 2022

ApeCoin is bezig aan een enorme opmars

De ApeCoin prijs is bezig aan een geweldige opmars. De prijs van 1 APE token ligt op het moment van schrijven rond de $21,90. Dit terwijl de ApeCoin koers 7 dagen geleden nog ‘slechts’ rond de $17,50 lag. Dat betekent dat de prijs in een week tijd met meer dan 22 procent is gestegen.

Dat het grootste NFT-platform ter wereld heeft aangekondigd ApeCoins te accepteren als betaalmiddel is een geweldig teken voor de relatief nieuwe token. De munt is populair en sluit perfect aan bij de NFT-wereld. Het zou dus goed kunnen zijn dat de ApeCoin prijs zijn opwaartse traject verder gaat vervolgen naarmate de NFT– en Metaverse wereld groeien.

Koop Apecoin

Dit doe je op

Het bericht Grootste NFT-marktplaats OpenSea accepteert vanaf nu ApeCoin verscheen eerst op Newsbit.

Source: Newsbit (NL)
Original Post: Grootste NFT-marktplaats OpenSea accepteert vanaf nu ApeCoin

Smart money is accumulating ETH even as traders warn of a drop to $2.4K

Short-term analysis sets a $2,400 price target for ETH, but data shows smart money continues to accumulate in anticipation of the Merge.

Source: Cointelegraph.com
Original Post: Smart money is accumulating ETH even as traders warn of a drop to .4K

VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

HBAR Foundation, bloXroute, GamerGains, Spruce, Venly, Playmint and Oasis.app headline the latest funding deals from the world of blockchain.

Source: Cointelegraph.com
Original Post: VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds