Over $4.5 billion worth of Ethereum has already been burned
According to data from the tracking website Watch the Burn, a total of 1.747 million ether worth $4.58 billion has been burned since August, with an average of 307 ETH worth $800,000 being burned per hour, and 12,300 worth $32 million being burned per day.
GameStop launches NFT marketplace on Immutable X, creates $100M dev fund
Immutable has announced a new partnership with GameStop to launch a marketplace for nonfungible tokens (NFTs) later this year.
Immutable and GameStop are also creating an up-to-$100-million fund dedicated to providing grants to game developers and studios to build on Immutable X and the NFT marketplace.
Avalanche uses just 0.0005% of the amount of energy consumed by Bitcoin
New research by the Crypto Carbon Ratings Institute (CCRI) found that Avalanche consumes the same amount of energy as only 46 US households per year.
In comparison, Bitcoin consumes the same energy as 8.5 million U.S. households, while Ethereum consumes the equivalent of 1.6 million U.S. households annually.
Russia owns $200 billion in cryptocurrency – 12% of the world total
Russia has conducted a study which estimates that the traders in the country own more than 16.5 trillion rubles ($200 billion USD) worth of crypto.
The calculation analyzed IP addresses of major crypto traders in the country and subsidiary information. According to data shared by Bloomberg, over 17 million Russians own cryptocurrencies.
Bitcoin education center launches in El Salvador to boost adoption
Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful announced the launch of “La Casa Del Bitcoin,” a new educational and training center in El Salvador to enable free learning opportunities related to BTC.
Paxful will hold educational workshops and talks focused on Bitcoin and financial inclusion in the country. The center will focus on growing awareness around the benefits of buying and selling BTC as a means of exchange for the local community to further drive the next wave of Bitcoin mass adoption.
82% of Indians surveyed plan to invest in crypto once government provides regulatory clarity
Professional services firm Deloitte and the Times of India recently conducted a survey on cryptocurrency investing.
The results shows that out of 1,800 respondents, 55.2% said they have invested in cryptocurrencies and will continue to do so. 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets.
Cardano records 15,000% increase in whale addresses since December
Recent data from Santiment demonstrates a mind-blowing 15,000% surge in the number of Cardano addresses with a balance between 10,000 and 1,000,000 ADA since mid-December 2021. This means that since then, roughly 3,900 wallets joined the network.
40,785 BTC transferred as Bitcoin reaches $39,000
According to Santiment on-chain analytics firm, in the past week, 40,785 BTC worth nearly $1.56 billion left exchanges. Bitcoin is currently trading at $37,029 with a trading volume of 19.6 billion USD.
Tezos transactions and smart contract activity surge on NFT demand
According to Coin Metrics’ “State of the Network” report, the number of transactions involving smart contracts has surged over the past 12 months to more than 50,000 per day from less than 10,000 per day in January 2021.
The report observed that the growth has been driven by NFT platforms such as the generative art platform FX Hash seeing increased interest. Additionally, gaming giant Ubisoft also announced Tezos support for gaming NFTs in December.
New Balance trademark filings hint at NFT and metaverse ambitions
Sportswear brand New Balance looks set to enter the market for sneaker-based non-fungible tokens (NFTs), joining rivals who have already made forays into the metaverse.
The company just filed 3 trademark applications claiming an intent to sell New Balance-branded virtual shoes, clothing and sports equipment.