Investors are rapidly purchasing land in a variety of metaverses and spent a combined total of $501 million in 2021 to obtain virtual plots of land. Sales in the first month of 2022 have already reached $85 million, and if this pace continues, sales could reach up to one billionContinue Reading
The blockchain research and analysis firm has detected a small but growing sector linked to criminal activities. Likewise, the so-called wash trade, in which token owners carry out fictitious sales to inflate their value, is also on the rise. There have been thousands of cases where NFTs have been boughtContinue Reading
In view of the repeated complaints and criticism, the government has contracted the services of an American company to try to correct the flaws. Problems with the Chivo Wallet range from failed transactions, to missing funds. A mayor’s office in El Salvador will start collecting taxes in BTC. The governmentContinue Reading
Galaxy Fight Club, a Polygon-based cross-IP MOBA game, has successfully closed $7 million in a seed and private sale led by Animoca Brands, Sequoia Capital and Skyvision Capital. Galaxy Fight Club’s vision is to build a truly open ecosystem with interoperability of digital items where the players, instead of theContinue Reading
Russia has conducted a study which estimates that the traders in the country owns more than 16.5 trillion rubles ($200 billion USD) worth of crypto. The calculation analyzed IP addresses of major crypto traders in the country and subsidiary information. According to data shared by Bloomberg, over 17 million RussiansContinue Reading
One of the most important questions that’s rises nowadays is about where the threshold lies between the real and virtual world. Smartphones and social medias are so deeply ingrained into our lives that it’s hard to imagine life without the internet. The same goes for music: now longer soContinue Reading
Read in the Digest: Bitcoin dominance at two month high, MicroStrategy buys more BTC. Solana Pay launches into new payment era, ConsenSys acquires MyCrypto to expand MetaMask. Crypto VC investments roar on in 2022, with New York leading the charge. Whale demand for ADA rises with planned Cardano block sizeContinue Reading
Since the crypto winter of 2018, Bitcoin closed January 2022 as its start to a worst year, with the world’s leading crypto recording a loss of 18%, falling to a six-month low in the process. The price drop saw Bitcoin’s dominance hit its lowest point since May 2018. Despite this,Continue Reading
After coming under intense criticism for being too power-hungry and bad for the environment, the proof-of-work consensus-type blockchain has become the least favored among crypto projects. The criticism has seen many high-profile crypto projects. The most notable is Ethereum’s ongoing transition from proof-of-work into a proof-of-stake consensus mechanism, which consumesContinue Reading
For all the lovers of meta-irony and classic literature, the story of Jerome K. Jerome “Three Men in a Boat, To Say Nothing of the Dog” takes on a whole new meaning with the tables turned. In the crypto world, dogs are the ones who take people on a journeyContinue Reading