The president of the Central African Republic, Faustin Archange Touadera recently stated that it was crucial to understand the disruptive power of crypto and that mathematics don’t account enough for human emotions.
A newly-minted crypto unicorn is the top NFT platform on Solana. It has a valuation of $1.6 billion and plans to add more blockchains.
Vitalik Buterin, Ethereum’s co-founder, criticized the stock-toflow model via Twitter. According to the Ethereum cofounder, financial models that provide false assurances are dangerous and should be ridiculed.
Visa, the largest payments company in the world has announced that it will launch a series crypto-enabled card in partnership with several Fintech startups in Latam. These cards will enable users to use crypto and buy crypto wherever Visa cards are accepted. They also allow them to receive crypto cash back from different fintech partners.
Iran’s authorities plan to deplug crypto mining licenses as the country’s electricity consumption is at an all-time high. According to the Ministry of Energy of the Islamic Republic, the mining farms will be disconnected from the grid by Wednesday.
According to Glassnode, approximately 555,000 Bitcoin were exchanged in the $18,000-$23,000 range over the three-day period. Many sellers had originally purchased BTC at higher prices.
An earlier study has shown that remote workers may feel more anxious and frustrated working in the metaverse. The study found that 11% of participants felt so uncomfortable they couldn’t complete the study for even one day, which left their tasks incomplete.
Babel Finance announces it has reached preliminary agreements with major counterparties on the repayment period for some debts. This announcement comes three days after Babel Finance abruptly stopped client withdrawals.
Digital currencies have suffered in the past month. However, non-fungible token sales (NFT), however, fell by 74.44% over the past 30 days. The data shows that NFT sales fell 17.33% in the past seven days compared to the previous week. NFT floor values of popular collections have seen a rebound in terms of ethereum price, but blue-chip NFTs are selling at a much lower price than last month due to the low ether exchange rate.
Meta announced the launch of a digital clothing store where users can purchase clothing for their avatars. According to the company, clothing and accessories will become an integral part of users’ identity expression. This will encourage them to spend money digitally on clothes that can be worn on all Meta apps including Instagram and Facebook.
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