Data provided by DappRadar and compiled by NFT gaming platform Balthazar DAO shows that under the influence of macroeconomic factors and the collapse of FTX, NFT sales in November fell by 20%.
Author: WebsCrypto Team
Nike’s encrypted fashion brand RTFKT announced that it will launch the first native Web3 smart sneaker Crypto kicksi RL.
It is reported that the British Ministry of Finance is finalizing a comprehensive rule package to regulate the cryptocurrency industry.
Standard Chartered’s annual surprise list says cryptocurrency prices could plummet, with bitcoin dropping to $5,000 by 2023.
The cryptocurrency industry has been devastated by the negative downturn this year, with the second most popular crypto exchange filing for bankruptcy a few weeks ago.
According to the CryptoLiteracy survey report, only 9% of the 1,000 respondents in the United States achieved a passing score in the encryption basics quiz.
In an op-ed published Dec. 1, Nobel Prize-winning economist Paul Krugman warned that blockchain-based projects, including Bitcoin and other cryptocurrency networks, are heading for an eternal winter.
Even as the FTX drama continues, ETH is rallying well. Brazilian lawmakers have also taken a major step toward regulating cryptocurrencies.
Mark Mobius, the godfather of emerging markets, said that the price of Bitcoin may fall below $10,000 in 2023, a drop of more than 40% from the current price.
U.S. Senator Cynthia Lummis from Wyoming has asserted that Bitcoin is digital gold while confirming that the asset is here to stay.
NFT sales rose for the first time in seven months in November, reaching $530 million, a 13.2% increase from October. Freed the market from the FTX bankruptcy.
The data shows that BTC futures and ETH futures generally fell in November, among which the open interest of Bitcoin futures fell by 16.1%, and the open interest of Ethereum futures fell by as much as 40%.
The ECB stated that Bitcoin is neither suitable as a payment system nor as a form of investment, so it should be considered unsuitable in terms of regulation and therefore should not be legalized.
At a hearing of the Senate Agriculture Committee on December 1, 2022, Congress was called to act quickly to pass the CFTC’s law to prevent further loss of funds after the FTX collapse.
Is Cardano dead? Cardano is not dead, it still holds the 8th position in the market despite being overtaken by its competitors.
Bitcoin and the broader crypto market rallied on Wednesday after Federal Reserve Chairman Jerome Powell said in a speech that December would likely bring smaller rate hikes.
U.S. Attorneys in Texas have filed criminal charges against 21 U.S. citizens. Alleging that it is suspected of helping various transnational criminal groups use cryptocurrencies for money laundering.
DeFi protocols Aave and Compound have implemented new security measures in light of the ongoing volatility in the crypto market.
Crypto tax talks are climbing the European Union’s agenda as speakers at a tax seminar in Brussels highlighted the need to crack down on cryptocurrency tax avoidance.
Greg Abbott, the governor of Texas, said that he hopes to make the state the core of Bitcoin innovation and encourage Bitcoin entities to settle in Texas.