Sports companies have caught up with the NFT Bug with Adidas being the latest to launch virtual wearables and “Into the Metaverse” NFT collection.
As the crypto market volatility increased tremendously BOE has issued warning bells on the state of Bitcoin and other cryptocurrencies.
Elon Musk said that Dogecoin works better as transactional currency while Bitcoin is a better store-of-value. He also announced that Tesla will start accepting DOGE against merchandise sales.
In recent years, cryptocurrency has known a surge in use, within various fields, including the gambling sector. Online casinos throughout the world have adapted to this blockchain technology and included cryptocurrency as their payment method.
The COV token is the native utility token which unlocks the most important benefits that any type of account holder within the Covesting universe has access to.
The sudden decline on December 3rd to 4th marks Bitcoin’s biggest price drop since a May sell-off. Bitcoin slumped from over $57,000 to under $43,000 over a 24-hour period, with a nearly 25% decline, which was 37% lower than the historical high of $69,000 a few weeks ago. In addition, almost the entire cryptocurrency market was showing a downward trend.
The Twitter account was restored in hours after the hack with the Prime Minister’s Office (PMO) issuing a clarification for the same.
MicroStrategy added $83 million worth of Bitcoins taking its total holdings 122,478. CEO Michael Saylor believes that $10 trillion worth of Gold money should move into Bitcoin.
WhatsApp is introducing crypto payment in the U.S. directly through its chat function and will facilitate the payment for Paxos Dollar (PUSD).
Australia is working on creating a legal framework for digital assets and plans to complete the pilot testing of its own CBDC by 2022.