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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…

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…

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…

Green light for cryptocurrency fund by regulators in Switzerland

The custodian is SEBA Bank, which received a license to store digital assets this week. Switzerland continues to be friendly to the cryptocurrency market, with the country’s financial authority, for the first time, approving the creation of a fund for the Crypto Market 10 index, which consists of ten digital assets. According to the Financial Markets Supervision Agency (FINMA) of Switzerland, the Crypto Market Index Fund is receiving the green light, as the first fund operating in Switzerland. The fund is managed by Crypto Finance and the investment company PvB Pernet von Ballmoos AG The custodian is SEBA Bank, which…

How many Greeks own cryptocurrencies

Greece has a measurable crypto-community Greece ranks 36th in the world based on the penetration of crypto in the population The crypto community in Greece counts almost 200,000 people, as 1.87% of Greeks have adopted cryptocurrencies. According to BrokerChooser, 194,860 Greeks hold cryptocurrencies. This means that Greece is ranked 36th in the world based on the penetration of crypto in the population, one place lower than Finland and one place higher than Switzerland. The numbers show that Greece has a measurable crypto-community, but it is far from the penetration rates of cryptocurrencies in other countries. For example, in Ukraine, which…

Putin said that cryptocurrencies have a right to exist and be used as a means of payment

A signal of acceptance of the cryptocurrencies was sent by Russian President Vladimir Putin A signal of not only tolerance but also acceptance of cryptocurrencies was sent by the President of Russia Vladimir Putin in an interview on October 14, 2021. As he said, digital assets are attracting more and more people but also the regulatory authorities, which are examining whether money laundering is done through them. However, “cryptocurrencies have a right to exist and can be used as a means of payment.” However, he warned that it was too early to say whether digital currencies could be used to…

George Soros turns his back on US stock market and invests in cryptocurrencies

“We have some coins,” said Soros Fund Management CIO Dawn Fitzpatrick Billionaire George Soros turns to cryptocurrencies, turning his back on Wall Street, which, despite the “revival” seen in today’s meeting, remains… in a downward mood. An indication of the prevailing trend is the fact that the CEO of Brookfield Asset Management, with $ 626 billion in assets under management, said that now is a “good time” for liquidation. On the other hand, Dawn Fitzpatrick, CIO of Soros Fund Management, which manages $ 27 billion in assets, speaking to Bloomberg’s Erik Shatzker, said that after investing $ 5 billion in…