Global consulting firm McKinsey & Company has forecasted that the metaverse may generate up to $5 trillion by 2030. In addition, more than 80% of commerce could be impacted by activities in the metaverse. Metaverse Could Generate $5 Trillion by 2030 Global management consulting firm McKinsey & Company published a report last week titled “Value…
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There’s more trouble in DeFi as Solend launches a spur-of-the-moment move to crack into a whale’s wallet. On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The proposal, dubbed “SLND1 : Mitigate…
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Bitcoin is flashing some early signs of a relief rally, and SOL, LTC, LINK and BSV could follow if bulls reclaim $20,000 as a support level for BTC. Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United…
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The tools, toys and games available to teach kids about sound money and the Bitcoin network — after all, they’re the ones who will use it. The crypto winter is here. It’s a trying time as prices grind down, but it’s the best moment to build and learn. For some Bitcoiners, the bear market is…
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The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market. El Salvador’s President on Bitcoin Investments The president of El Salvador, Nayib Bukele, has spoken up about bitcoin investments amid BTC’s heavy sell-off. El Salvador has purchased…
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Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not…
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Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE). He confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn. Elon Musk Reaffirms Commitment to Dogecoin Tesla CEO Elon Musk reaffirmed his support for the meme cryptocurrency…
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A DAO-based financial industry means lower fees across the board, accessibility, and transparency. Would it be possible? Global banking network as a DAO Imagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible. If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a…
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It feels like 2018 all over again as Bitcoin’s old multi-year resistance level comes back with a vengeance. Bitcoin (BTC) attempted to reclaim $20,000 as support on June 19 as bulls faced a $7,000 weekly red candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $16,000 eyed for possible next move Data from Cointelegraph Markets Pro…
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Vidhura S Tennekoon, Assistant Professor of Economics, IUPUI._____ A 16th-century proverb advises: “It’s unwise to sell a bear’s skin before catching it.” … Read More: What’s a Bear Market? Read more »Pay, Trade, Buy Bitcoin with Credit Card
