Archive for June 2022
The Metaverse Offers Virtual Reality But Real Profits
[ad_1] Virtual reality has been around for years, but the concept’s maturity means multiple metaverse fights for supremacy. In addition, a new World Wide Web is emerging where everything can virtually be. So, how are people trying to make money in the metaverse? Metaverse Virtual Galleries The most common business model in the metaverse is…
Read MoreExperts explain how music NFTs will enhance the connection between creators and fans
Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs.
Read MoreGrayscale Investments Sues SEC Over Bitcoin ETF Denial
[ad_1] In response to the U.S. Securities and Exchange Commission’s denial of a request to convert its Bitcoin trust into an exchange-traded fund, Grayscale Investments, the largest manager of digital currency assets globally, has filed a lawsuit against the SEC. Michael Sonnenshein, CEO at Grayscale Investments, tweeted on June 29 : Grayscale Investments Initiates Lawsuit…
Read MoreCrypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain.
Read MoreDappRadar and LayerZero launch chain-agnostic staking token
A new staking mechanism through RADAR token has been created that is set to minimize gas fees and support recurring APR across multiple blockchains.
Read MoreVoyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital earlier in the week, but promised it would continue operations.
Read MoreBitcoin Trading Volume Sinks Down Almost 60% In 9 Days
[ad_1] Data shows the Bitcoin spot trading volume has dropped down almost 60% since the recent high, suggesting activity has severely fallen. Bitcoin Weekly Trading Volume Rises Sharp, And Then Falls Hard As per the latest weekly report from Arcane Research, the BTC spot volume recently observed a drop of around 58.7% in just nine…
Read MoreBitcoin trader says expect more chop, downside, then sideways price action for BTC this summer
Crypto Jebb and independent market analyst Scott Melker agree that the crypto market’s toughest days still lay ahead.
Read MoreBattle-hardened Ronin bridge reopens following $600M hack: Finance Redefined
While price volatility remained a key factor, major DeFi tokens registered double digit loss over the past week as the DeFi TVL hovers near $50 billion mark.
Read MoreBlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021.
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