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  • Standard Chartered buys land in The Sandbox metaverse

    Standard Chartered buys land in The Sandbox metaverse

    Standard Chartered Bank announced Tuesday that its subsidiary, Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), has partnered with The Sandbox, a popular blockchain virtual gaming platform, to create metaverse experience.

    The bank explained that it is the first bank to acquire “virtual land at The Sandbox metaverse’s Mega City district, a culture hub based on or inspired by Hong Kong talents.” Other major banks and financial services firms that have entered the metaverse include JPMorgan, HSBC, and Fidelity Investments.

  • Bitcoin drops below $38,000

    Bitcoin drops below $38,000

    After recovering to $40,797 on April 26, Bitcoin price dropped sharply on April 27 to the price of $37,702. This is the lowest price of BTC since March 14.

    Many major cryptocurrencies in the market were also pulled down by selling pressure in the market. Ethereum (ETH) fell by more than 6%, Solana (SOL) fell by 5%, Terra (LUNA) fell by 7.5%, Dogecoin (DOGE) fell by 8%, BNB fell by 4.5%, NEAR fell by 13.5%,…

  • 5 new assets on ONUS

    5 new assets on ONUS

    5 new assets on ONUS

    $PROM: A secure and decentralized ecosystem designed to solve real-world problems in data brokerage.
    $POSI: A Decentralized Crypto platform aiming to enhance DeFi experience.
    $AURORA: an EVM built on the NEAR Protocol, that provides a solution for developers to deploy their apps on an Ethereum-compatible platform.
    $TAUM: The first game in Orbitau Taureum ecosystem, which models after a turn-based idle combat/socializing game suitable for everyone.
    $XVG: a digital currency designed with a focus on security.

  • Terra (LUNA) trading volume spikes by $195 billion in quarterly high

    Terra (LUNA) trading volume spikes by $195 billion in quarterly high

    In spite of the bearish crypto market trend, LUNA trading volume in the first quarter of 2022 was more than eight times that of the first quarter of 2021.

    Terra (LUNA) reached an all-time high price of $119.18 on April 5, 2022, after seeing more than $45 billion in trading volume in the first three weeks of April. The trading volume recorded for Terra (LUNA) during the first quarter of the year was approximately $223.39 billion. This was a 707% increase in the trading volume recorded during the first three months of 2021 in the region of $27.68 billion.

  • Meta is opening a metaverse-inspired brick-and-mortar store

    Meta is opening a metaverse-inspired brick-and-mortar store

    Meta is opening a metaverse-inspired brick-and-mortar store

    Meta, formerly known as Facebook, is opening its first real-life store to sell hardware products for the ‘metaverse.’

    The store, opening on May 9, will include devices like Ray-Ban stories sunglasses, Meta’s Portal device, and virtual reality headset Quest 2.

  • Fidelity investments will offer Bitcoin inclusion in its 401(k) accounts

    Fidelity investments will offer Bitcoin inclusion in its 401(k) accounts

    U.S.- based financial services firm Fidelity Investments will allow investors to put Bitcoin (BTC) in their 401(k) retirement savings accounts later this year, The Wall Street Journal and The New York Times reported Tuesday.

    Employers could place a ceiling on the amount of savings earmarked for Bitcoin, with the maximum cap expected to be no more than 20%.

  • Bitcoin whales buy the dips in this correction, BTC back above $40,000

    Bitcoin whales buy the dips in this correction, BTC back above $40,000

    Bitcoin whales took advantage of the recent downswing to buy 40,000 BTC, worth $1.6 billion. Data from Santiment shows that addresses with 10,000 to 100,000 BTC increased their holdings by nearly 2%, while prices dropped from $39,900 to $38,200.

    Bitcoin is back above the $40,000 level once again. As of press time, Bitcoin is trading 5.34% up at a price of $40,488 and a market cap of $770 billion.

  • USN stablecoin goes live on NEAR Protocol

    USN stablecoin goes live on NEAR Protocol

    A decentralized stablecoin called USN has launched today on NEAR Protocol, a scalable Layer 1 blockchain, according to statement shared by NEAR’s DeFi arm Proximity Labs.

    The USN stablecoin will pay roughly 10% annual yield from Decentral Bank. This minimum yield will come from Decentral DAO’s revenue from native staking of NEAR tokens with security validators. This staking process currently earns just about 11% return.

  • Vietnam belongs to the group of countries with the lowest profit from Bitcoin

    Vietnam belongs to the group of countries with lowest profit from Bitcoin

    According to Tripple, Vietnam has about 6 million people investing in cryptocurrencies in general, among the top 11 countries with the highest percentage of population investing in cryptocurrencies.

    However, a study from Invezz that carried out calculations on 23 countries combined with Chainalysis, TripleA and Worldometers data shows that countries with the more people investing BTC, the less profitable they are. Despite being one of the countries that has the highest percentage of population investing in Bitcoin, but the average return of profitable investors is only about 67 USD.

  • Samsung participates in series A round that raised $25 million for a metaverse startup

    Samsung participates in series A round that raised $25 million for a metaverse startup

    The South Korean electronics and smartphone maker Samsung is reported to have participated in Series A funding which raised $25 million for a Korea-based metaverse startup, Doubleme.

    According to a Techinasia report, the startup will use the funds raised for product development, marketing and hiring purposes. Doubleme also aims to commercially launch a Twin World metaverse platform that supports artificial reality devices later in the year.