There is probably no one today who would not talk about NFT. Last year alone, the trading volume rose 400 times and exceeded the mark of $13 billion. The trend became a real outbreak for people who wanted to get rich quickly by drawing some staff in Paint. So while they keep attempting to do that, let's try to take a realistic look at NFT and its role in the crypto industry.
The Senator believes that the increase in the value of digital assets is driven only by people's trust in the technology. She also called on the authorities to accelerate the development of a central bank digital currency so as to prevent a crisis.
Over the past year, the GameFi market has shown that more and more gamers are looking to play and make money at the same time. The total capitalization of such projects has already exceeded the $15 billion mark. Still, while everyone keeps saying that the trend stands for the future and that we need to invest in new projects, we decided to do our own investigation and find out what's behind this latest trend.
The U.S. is actively urging centralized crypto exchanges to suppress any attempts of the Russian government to circumvent U.S. and EU sanctions. Some had earlier reacted to the call and started blocking Russian miners, traders, and investors. However, separate initiatives and the coordinated actions of most crypto projects will not prevent Russia from circumventing sanctions…
In recent years, the crypto industry has shown enormous growth. In less than a week, we can read news on another fund or project that has raised millions of dollars. It makes me feel positive since the crypto sector will drive us to Web 3.0, transforming the Internet for the better (my personal expectation is that there will be fewer ads in the future). However, being well-versed in economics and history, I believe that this path won't be easy since the crypto industry will soon face a global crisis.
Over the last year, we have seen the price of graphics cards go up. All this is because they turned out to be a workbench for cryptocurrency production. Besides, global manufacturers don't seem to be in a hurry to boost production, justifying it by the fact they have problems with chip supply. However, I guess I know when their prices are going to drop. Let me prove my point using some logic and calculations.
The analysts from the Danish Saxo bank have made a list of the most shocking events that could happen in 2022. Almost half of the 2021 events confirmed their predictions for last year, including China's own cryptocurrency release, rising corporate securities defaults, and rapid growth in developing economies.
The well-known investor who predicted the 2008 mortgage crisis in the U.S., leading to a global economic recession, has sold almost all of his stock portfolio. He believes the stock market is way overheated and is going towards a massive collapse.
Inspired by Miami and New York City examples that have launched their own cryptocurrencies, Eliza Pollack, the Innovation Director of the City of Philadelphia leads a study to widely implement blockchain technology and Web 3.0 in the city's governance systems.
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