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Digital Currencies of Central Banks to Grow by 210,000% by 2030, Juniper Research Finds
According to recent findings from Juniper Research, digital currencies issued by central banks are expected to experience significant growth by 2030, with transactions increasing by a staggering 210,000% to a value of $213 billion. Analysts believe that this surge will be fueled by central banks' ...
Moody’s Warns of Decreased Adoption and Tighter Regulation of Stablecoins Following USDC Drop
Moody's analysts have expressed concern that the recent drop in the value of the USDC stablecoin to $0.89 may have far-reaching implications for the adoption of all stable cryptocurrencies and lead to increased regulation. The US banking sector has been hit by a major crisis that has resulted in ...
US Bank Collapses Trigger Surge in Decentralized Exchange Usage and USDC Popularity
Chainalysis has reported that a series of bank collapses in the United States triggered an outflow of funds from centralized exchanges to decentralized exchanges, as well as an uptick in the popularity of USDC. According to Chainalysis analysts, during times of turmoil in traditional financial ma ...
NFT Traders Decrease Significantly, But Volumes Remain Steady
The population of NFT traders who are currently active has significantly decreased. In February, daily trading activity ranged from 30,000 to 40,000 traders, but as of last Saturday, the number of active traders had dropped to 12,000. DappRadar's data suggests that such low activity levels among ...
Massive Withdrawals and Asset Movements from FTX and Alameda Research Affiliated Wallets Despite Ongoing Investigation
Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...
Maggi to Issue NFTs for Culinary Recipes in OneRare Foodverse Metaverse
Maggi, a Nestlé Group brand that produces food seasonings, is set to launch its own unique non-fungible tokens (NFTs) in the OneRare Foodverse metaverse. The Indian branch of Maggi has partnered with the OneRare project to create NFTs in the form of recipes for a variety of culinary dishes that u ...
Nissan Files for Web3 and NFT-Related Trademarks: Plans to Develop Virtual Assets and Platform
Nissan, the well-known Japanese car manufacturer, has recently submitted four trademark applications pertaining to Web3, Non-Fungible Tokens (NFTs), and the Metaverse. Mike Kondoudis, an attorney licensed by the U.S. Patent and Trademark Office (USPTO), shared on Twitter that the pending applicat ...
Meta Ends Support for NFTs on Facebook and Instagram
Meta has recently declared that it will no longer provide support for non-fungible tokens (NFT) on its social media platforms, Facebook and Instagram. This feature was introduced merely 10 months ago. According to Stephane Kasriel, the head of commercial and financial technology at Meta, the deci ...
Undeads – Revolutionizing P2E Gaming with a Balanced and Engaging Economy
Undeads' mission is to revolutionize the world of P2E gaming by introducing groundbreaking standards that grant players true autonomy, ownership, and diverse earning prospects within the blockchain universe. This distinctive MMORPG is imbued with the full spectrum of Web3 advantages, and its Meta ...
Tether Dominates Stablecoin Market with Over 51% Share
According to CoinGecko, Tether has gained a majority share in the stablecoin market, surpassing 51% for the first time since May 2022. As of February 13, the total market capitalization of stablecoins was $137.2 billion, with Tether accounting for $68.4 billion of that amount. The second-largest ...