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Walmart cryptocurrency and NFT plans

Walmart appears to be entering the metaverse with plans to create its own cryptocurrency and collection of non-exchangeable tokens (NFTs). According to CNBC, the large retail chain filed several new brands late last month, a move that indicates its intention to manufacture and sell virtual goods such as electronics, home decor, toys, sportswear and personal care products. Walmart even said that it will offer users a virtual currency, as well as NFT. According to the US Patent and Trademark Office, Walmart filed the application on December 30. In total, seven separate applications have been submitted. “Walmart is extremely strong in…

Bitcoin Falls, Shares Fall and how Cryptocurrencies Can Overwhelm Stock Exchanges

The correlation of crypto assets with traditional assets, such as shares, has increased significantly Crypto assets such as Bitcoin have evolved from a “dark” category of assets with few users to a revolution that raises concerns and fears about financial stability, according to an analysis by the International Monetary Fund. The capitalization of cryptocurrencies in November 2021 reached $ 3 trillion from $ 620 billion in 2017, due to the growing popularity among both small shareholders and institutional investors, despite high volatility. This week, combined market capitalization fell to about $ 2 trillion, still up nearly fourfold from 2017. Due…

The businessman who wants to get a wedge into Elon Musk and Jeff Bezos

Elon Musk and Jeff Bezos have been at the top of the informal race for the title of the richest man in the world for several months now. But as the two fight, Changpeng Zhao is increasingly gnawing at the distance from the 1st place, while he has already left behind the billionaires of the technology sector. The 44-year-old “CZ”, as he is otherwise known, is the founder and CEO of the Binance cryptocurrency exchange, which is one step closer to entering the promising and rich market of the United Arab Emirates. The net worth of the Canadian (Chinese-born) businessman…

Ethereum 2.0 is only 50% ready

Ethereum 2.0 is only 50% ready, said Blockchain co-founder Vitalik Buterin Ethereum co-founder Vitalik Buterin spoke about the development of the second-class blockchain during the two-hour Bankless podcast. As he mentioned, the new version is not ready, while the whole process is probably in the middle of the road. In particular, Buterin stressed that in order to achieve maximum scalability and decentralization, Ethereum needs to be made more flexible and lightweight in terms of blockchain data. This will allow more people to “run” Ethereum nodes and thus make the network more decentralized. The Ethereum network currently transmits 2.6 MB of…

Idle wallet with 321 BTC made a move after eight years

A multimillion-dollar Bitcoin wallet has just come out of its slumber. For some reason, the wallet has not traded for years despite the fact that it has money that “changes your life”. The wallet had not been used since 2013, just a few years after the disappearance of the mysterious creator of Bitcoin, Satoshi Nakamoto. The wallet currently contains $ 15 million worth of BTC and it is not clear who owns it or why it was reactivated on Tuesday. The wallet has 321 BTC. After eight years, the value of this amount increased from $ 6,594 to $ 15,103,046.…

Bank of England calls for regulation of cryptocurrencies worldwide

The Bank of England will need the assistance of the G20 Financial Stability Board The Bank of England is calling for a regulation of the global cryptocurrency market. In particular, as the regulator acknowledged, it is not in a position to collect data on the activities of cryptocurrency companies. Therefore, the actions of banks in the organization of services for the trading and storage of cryptocurrencies are pushing towards the development of a regulatory framework for the protection of the financial system. The Bank of England will therefore need the assistance of the G20 Financial Stability Board. He explained that…

In 2022 we will see mass adoption of cryptocurrencies in the US

The market has shown significant growth this year… 2022 will be the year of massive adoption of cryptocurrencies in the US, according to Bloomberg senior commodity strategist Mike McGlone. As he stressed, the market showed significant growth this year. This is due to the loose monetary policy of developed countries, whose authorities have sought to mitigate the impact of the coronavirus crisis by taking relief measures. As a result, there was an explosion of liquidity and, consequently, a dramatic increase in demand for shares and other alternative assets. A Bloomberg analyst believes that the US Federal Reserve will lift its…

The elected mayor of New York will be paid with Bitcoin

New York Mayor-elect Eric Adams has announced via Twitter that he will receive his first three Bitcoin salaries. The new mayor has already stated that his main goal is to make New York the center of the cryptocurrency economy. Following the announcement by the Mayor of Miami that he will start paying his fees in Bitcoin, it is now the turn of the Mayor of New York, who informed those who follow him on Twitter that his first three salaries will be made entirely in Bitcoin. In this way he wanted to emphasize his support for cryptocurrencies, with New York…

Visa launches cryptocurrency consulting services for banks

In a recent Visa study, 18% of global respondents revealed that they are more likely to be transferred to a bank offering cryptocurrency-related products over the next year. Payment giant Visa has set up a global cryptocurrency consulting practice to help financial institutions incorporate them into their services. Cisa Sheffield, head of Visa’s cryptocurrency division, told CoinDesk: “We believe that Visa will play a critical role in bridging banks with the cryptocurrency ecosystem. Every bank must have a crypto-strategy.” The cryptocurrency advisory team will work with the company’s advisory and analysis team to help banks formulate strategies, as well as…

Cryptocurrencies will give the UK an edge over the EU

According to Hammond, the blockchain will be the backbone of the future trading system The use of cryptocurrencies to improve the economic situation of Great Britain is recommended by the former Minister of Finance Philip Hammond. He said in an interview that digital assets such as cryptocurrencies could give the UK a unique edge over its European rivals in the post-Brexit era. He estimated that both bitcoin and altcoins will be used in more and more economies in the coming years. “I believe this trend will not stop.” “We must act quickly to ensure that Great Britain is in a…