Crypto
Wazupnaija – Naija Entertainment blogs & Forums – Business – Crypto
Asia-Pacific leads the world in NFT searches on Google
Amid the ongoing nonfungible token (NFT) boom, people in Asia-Pacific (APAC) countries appear to be the most curious about NFTs, according to Google Trends data. Google Trends data shows that China, Singapore and Hong Kong are the three top countries in the world in terms of the number of “NFT” searches on Google over the past year. According to the data, China has posted the highest number of such searches, with the Google search index amounting to 100 points. Singapore and Hong Kong follow with 67 and 62 points, respectively. Other major “NFT”-searching countries include Venezuela, the Philippines, Cyprus, Canada, New Zealand, Australia and the United States. Source: Google Trends The most populous nation in APAC, China, could be moving into NFTs to alleviate the consequences of the...
MANA rises by another 10%. Will it reach the all-time high price soon?
The metaverse coins have been rallying in recent days due to the increasing attention caused by Facebook’s entry into the metaverse world. MANA, the native token of the Decentraland ecosystem, has been one of the top-performing coins in recent days. The token reached a new all-time high of $4.11 over the weekend but has slightly dropped and is now trading close to the $3.5 region. At the time of writing, MANA is up by nearly 10% against the US Dollars and could attempt to reach its all-time high price above $4 again over the coming hours or days if it could maintain the momentum. MANA, like the other metaverse coins, has rallied since Facebook announced over the weekend that it has rebranded to Meta in a bid to become a metaverse-focused company. A giant like Facebook entering the metavers...
vEmpire DDAO joins Shiba Inu’s DeFi ecosystem
The projects are united by their common vision for true decentralisation in the Metaverse Metaverse stalking protocol vEmpire DDAO has announced that it will be integrating with popular cryptocurrency Shiba Inu by publicly trading its native token VEMP on the ShibaSwap decentralised exchange. The collaboration with vEmpire, a project dedicated to restoring fairness in the metaverse, will enable Shiba Inu to further expand into the DeFi world. ShibaSwap’s goal of building an ecosystem where the community has a fairer say in the functioning and listing of the platform and vEmpire’s democratic DAO ensured that two projects are united in the similarity of their core vision for true decentralisation. The press release stated that the partnership is a major milestone for both VEMP holders and th...
SAND rallies by more than 70% in 24 hours. Here is why
SAND is one of the top performers in the market at the moment and reached a new all-time high a few hours ago. SAND token reached a new all-time high of $3.33 a few hours ago, rising by more than 70% in the process. By adding 70% to its value within the space of 24 hours, SAND became one of the top performers in the cryptocurrency space since the start of the month. The rally was caused by The Sandbox raising $93 million from investors to expand its nonfungible token (NFT) metaverse. The investment round was led by SoftBank’s Vision Fund 2 and other investors such as Animoca Brands, SCB 10X, Polygon Studios, True Global Ventures, Galaxy Interactive and Samsung Next. The Sandbox said it intends to create an open metaverse, allowing it to compete against some of the leading tech companies li...
Aussie firm to launch $100M class action over dodgy QOIN token
The issuer of a controversial cryptocurrency that can only be sold in batches of $125 daily on a single exchange is facing pushback from an Australian law firm. Queensland-based law firm Salerno Law plans to file a lawsuit accusing BPS Financial Limited — the company behind the QOIN token — of engaging in misleading and deceptive conduct, pyramid selling of financial products, and failing to comply with financial services regulations. The lawsuit will seek $100 million in damages. Salerno Law, which specialises in crypto disputes, started collecting expressions of interest from investors and merchants who had incurred losses as a result of the seemingly arbitrary limits placed on QOIN sellers last week. QOIN tokens are issued on the company’s proprietary Qoin blockchain. As such, QOIN is n...
Ethereum sees first consecutive week of deflationary issuance
The Ethereum network has seen its first consecutive week of negative supply issuance as bubbling markets drive persistently high transaction fees. With the highly anticipated London upgrade introducing a burn mechanism into Ethereum’s fee market in early August, a small quantity of Ether has since been destroyed with every transaction executed on the network. With gas prices sustaining at high levels, Ethereum has seen seven consecutive days of deflationary issuance for the network, meaning that more ETH has been removed from supply than created through mining.In order for Ethereum to consistently produce deflationary blocks, gas prices must consistently remain roughly above 150 gwei. EthHub co-founder Anthony Sassano commented that deflationary Ethereum was not expected until “the m...
Argo Blockchain mines record 597 BTC during Q3 2021
Cryptocurrency mining firm Argo Blockchain has just released its Q3 financial report detailing record setting revenues for the period. The London headquartered company reported that it had mined 597 BTC and “BTC equivalents” during the third quarter of 2021. At current prices, Argo’s Bitcoin haul would be worth roughly $36.5 million. As of Sept. 30, the firm had amassed holdings of 1,836 BTC (roughly $113 million at current prices). Argo also reported a gross margin of 120% and a mining net margin of 85%, estimating it cost the firm just $6,293 to mine each Bitcoin on average. Overall, the firm generated a record revenue of $26 million and pocketed $17.3 million in net profits. For the nine months ending on Sept. 30, the firm’s revenue and net income were $67.9 million and $27.1 million re...
Avalanche creates $200 million fund to lure top crypto devs
The Avalanche Foundation has unveiled “Blizzard” — a fund offering more than $200 million in incentives to developers who build on the Avalanche (AVAX) network. The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFTs), and other products on Avalanche. Avalanche is a Proof-of-Stake network that launched in September 2020. The network boasts Ethereum Virtual Machine (EVM)-compatibility, allowing developers to port decentralized applications over from Ethereum. The network now boasts more than 320 projects that are currently building on it, including top stablecoin issuer Tether, popular DEX SushiSwap, and oracle providers Chainlink and The Graph. Per a Nov. 1 announcement, Blizzard’s contributors include ...
Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night
Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Nov. 4, 2021. In an opening statement, Carlos Moedas, the Mayor of Lisbon, said that “My dream is that Lisbon will be the capital of innovation in the world.” Meanwhile, João Leão, the Minister of Finance of Portugal, stated: “Portugal is the country people come to invest, to do business and to look live, and to do so in a manner that is open to different cultures.” Notable guest speakers included Facebook whistleblower Frances Haugen, Black Lives Matter co-founder Ayo Tometi, and Nicholas Julia, co-founder and CEO of French non-fungible token, or NFT, fantasy gaming company Sorare. NFTs are digital certificates of ownership representing artwork, ...
Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow
“Uptober” is over but as Zhu Su tweeted earlier today, the crypto market rally could extend through “Upvember, Upcember” and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH) primarily because each hit new all-time highs and even though the prices are consolidating now, traders are still wildly bullish. Uptober, Upvember, Upcember — Zhu Su (@zhusu) November 1, 2021 The steady emergence of the Metaverse is also driving excitment within the crypto sector as it promises to be one of the driving forces behind development in the cryptocurrency space. The concept of a Metaverse is also impacting the “real world”, a prime example being Facebook’s recent rebranding of to ‘Meta’. As the market heads into the month of November ...
The Recording Academy and OneOf announce Grammy Awards partnership
The Recording Academy and OneOf, a green nonfungible token (NFT) marketplace backed by legendary record producer Quincy Jones, have announced an exclusive partnership centered around the next three years of Grammy Awards in an unsigned statement on the Grammys website. Details on specific NFT collections will be released in January but will celebrate both the awards themselves and nominees and recipients. Some of the money from the sale of the assets will go toward funding the Recording Academy scholarship fund. OneOf, built on the Tezos blockchain, is specifically designed with musicians and listeners in mind. Panos Panay, co-president of the Recording Academy, said: “As an Academy, we are always looking for ways to help artists discover new forms of creative expression, while a...
NFL quarterback Aaron Rodgers will accept part of $22M salary in Bitcoin
Aaron Rodgers, quarterback for the Green Bay Packers football team, has said he will be taking part of his National Football League salary in Bitcoin. In a video posted to his Twitter account on Nov. 1, Rodgers — dressed as fictional character John Wick, likely for Halloween — said he would be partnering with Cash App to take a portion of his salary in Bitcoin (BTC). The NFL reported in July that Rodgers would be earning a $1.1-million base salary on top of a $14.5-million signing bonus and a $6.8 million roster bonus from March, totaling roughly $22.3 million. I believe in Bitcoin & the future is bright. That’s why I’m teaming up with Cash App to take a portion of my salary in bitcoin today. To make Bitcoin more accessible to my fans I’m giving out a total of $1M in btc now too....
